IonQ CEO Niccolo de Masi stated at the company's investor day that "Q-Day" (when quantum computing can break current encryption) will arrive by 2028, and that quantum machines are becoming more powerful without proportionally increasing in cost. However, the company's Q2 GAAP operating expenses reached $417.3 million, with adjusted EBITDA at negative $120.3 million. IonQ also announced the completion of its $1.8 billion acquisition of SkyWater and raised its full-year 2026 revenue guidance to $280 million to $290 million. The company's 256-qubit system is scheduled for commissioning in the first half of 2027.