I found an article with this description:
Exotic as the name seems, squeezed states are just Heisenberg’s uncertainty principle in action. In quantum optics, a light field is described by two “quadratures,” one for phase (P) and one for amplitude (X). Per Heisenberg, the minimum uncertainty of those two quadratures in a given measurement is given by the relation ΔXΔP = ħ/2. In other words, for a given measurement, the better you know the phase, the more potential error there is in the amplitude, and vice versa.
For a coherent state, such as a laser field, the phase and amplitude uncertainties are equal, giving rise to a circularly symmetric “fuzzball” of potential error between the two quadratures. But using nonlinear-optics techniques, the circle can be “squeezed” into an ellipse. That means that uncertainty in one quadrature—the one that’s relevant to your sensor—can be reduced, while the uncertainty in the other, less relevant quadrature are increased.
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https://www.osa-opn.org/home/articles/volume_30/september_20...