Companies /Communication Services

Imax Corp

NYSE: IMAX Entertainment
$51.94
▼ $0.82 (−1.55%) today
Markets closed · 2:07am ET

Q2 2026 Earnings

Reported Jul 23, 2026, 8:05am ET · SEC source
$0.43
Beat +58.85%
EPS · est. $0.27
$102.8M
Beat +9.70%
Revenue · est. $93.7M
+21.2%
Beating market
IMAX vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%Jul 23Jul 24report 8:05am ETearnings−0.4%+1.2%
−4%0+4%Jul 23Jul 24earnings−0.4%+1.2%
IMAX +1.2%S&P 500 −0.4%
−4%0+4%Jul 23Jul 24report 8:05am ETearnings−1.8%+1.2%
−4%0+4%Jul 23Jul 24earnings−1.8%+1.2%
IMAX +1.2%NASDAQ −1.8%
−8%0+8%+16%Jul 22Jul 31report 8:05am ETearnings+0.2%+13.9%
−8%0+8%+16%Jul 22Jul 31earnings+0.2%+13.9%
IMAX +13.9%S&P 500 +0.2%
−8%0+8%+16%Jul 22Jul 31report 8:05am ETearnings−1.4%+13.9%
−8%0+8%+16%Jul 22Jul 31earnings−1.4%+13.9%
IMAX +13.9%NASDAQ −1.4%
+11.86%
Day of report
−1.32%
Next session
+8.28%
One week
+24.64%
30 days

S&P 500 over the same 30 days: +3.43%.

Did IMAX Beat Earnings? Q2 2026 Results

IMAX Corporation delivered a standout second quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines and extending its consensus EPS beat streak to five consecutive quarters. The premium cinema company posted adjusted diluted EPS of $0.43, well ahead of the $0.27 consensus estimate, a gap of 58.85%, while revenue climbed 12.2% year over year to $102.84 million, topping the $93.75 million consensus by 9.70%. The primary engine behind the outperformance was the Technology Products and Services segment, where revenue rose 16% to $64.81 million, fueled by a surge in systems installations that reached their highest Q2 count in a decade. Adjusted EBITDA expanded 23% to $48.00 million, with margin widening 400 basis points to 46.6%. Looking ahead, management pointed to Christopher Nolan's "The Odyssey," filmed entirely with IMAX cameras, which posted a record $52.00 million IMAX global opening weekend and carried roughly $60.00 million in presales, with Denis Villeneuve's "Dune: Part Three" anchoring a robust second-half slate.

Key Takeaways
  • Higher systems sales, rental revenues, and amendments/renewals of existing agreements drove 16% Technology Products and Services revenue growth
  • Strong 24% international box office growth (excluding Mainland China) contributing to highest Q2 global box office since 2019
  • Highest Q2 installations (38) in a decade, with 18 under sales arrangements vs 13 in prior year
  • International excluding China network expansion of 9% year-over-year
  • Christopher Nolan's The Odyssey achieving record IMAX opening weekend of $52 million in like-for-like markets
  • Gross margin expansion of 270 basis points to 61.2%

“As we enter the second half of 2026, Christopher Nolan's breathtaking The Odyssey — the first-ever full-length theatrical release filmed entirely with IMAX film cameras — is emerging as a transformational event for IMAX, as the purest and most complete expression yet of the power of our global platform. In its debut, The Odyssey achieved the biggest IMAX opening weekend of all time in like-for-like markets and delivered the highest IMAX international market share in like-for-like markets of any major release in our history.”

IMAX CEO, on the earnings call

Forward Guidance & Outlook

IMAX expects strong momentum in H2 2026 driven by The Odyssey's record-breaking opening and approximately $60 million in presales for future showtimes. The second-half slate culminates with Denis Villeneuve's Dune: Part Three (also shot with IMAX film cameras and to be presented in IMAX 70mm film), and includes Spider-man: Brand New Day (China, Japan, South Korea), Tom Cruise's Digger, an IMAX-exclusive theatrical release of a Netflix Cliff Booth project, and multiple local language blockbusters. The company targets continued global box office growth, worldwide network expansion, and new brand opportunities.

IMAX YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$30.0M$60.0M$90.0M$91.7M$102.8MRevenue$53.6M$62.9MGross Profit$14.3M$20.8MOperating Income$11.3M$15.4MNet Income
$0$30.0M$60.0M$90.0MRevenueGross ProfitOperating IncomeNet Income

IMAX Revenue by Segment

Technology Products and Services$64.8M+16.0%
Content Solutions$34.7M+2.0%
All Other (Streaming and Consumer Technology)

Figures from SEC filings and company reports. Not investment advice.