IMAX beats Q2 revenue, profit estimates, forecasts strong momentum in H2

IMAX

23/07/2026 12:47

    

    Overview
  
Entertainment technology firm's Q2 revenue rose 12%, beating analyst expectations
Adjusted EPS for Q2 beat consensus, rising 65% year-over-year
Company repurchased $13.7 mln in shares during the quarter

    

    Outlook
  
IMAX expects momentum from "The Odyssey" to drive box office growth in the second half 2026
Company sees continued network expansion, with international growth excluding China up 9% year-over-year
IMAX anticipates a strong slate of major releases in H2 2026, including "Dune: Part Three", "Spider-Man: Brand New Day" and "Digger"

    

    Result Drivers
  
BOX OFFICE STRENGTH - IMAX reported its highest Q2 box office since 2019, driven by 24% box office growth in international markets excluding Mainland China
SYSTEM SALES AND RENTALS - Higher system sales, rental revenues, and amendments and renewals of existing agreements boosted Technology Products and Services revenue and gross margin
NETWORK EXPANSION - Commercial network growth continued with the highest Q2 installations in a decade and 9% international network expansion excluding China

    
Company press release: ID:nBw3zQb56a

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$102.80 mln
$93.75 mln (12 Analysts)
Q2 Adjusted EPS
Beat
$0.43
$0.28 (10 Analysts)
Q2 EPS
 
$0.27
 
Q2 Adjusted Net Income
Beat
$24.20 mln
$13.97 mln (6 Analysts)
Q2 Net Income
 
$15.90 mln
 
Q2 Adjusted EBITDA Margin
 
46.60%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the entertainment production peer group is "buy"
Wall Street's median 12-month price target for Imax Corp is $48.00, about 22.1% above its July 22 closing price of $39.30
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

    

    Reuters Recommended Reads
  
July 20 - AMC posts surprise profit as summer blockbusters boost US box office
July 23 - Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost
July 22 - Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead

    
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)