Imax Corp. (IMAX)
NYSE:IMAX
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.34Last Year’s EPS
0.26Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and confidence in a record 2026, highlighted by robust box office growth outside China, a deep upcoming slate of IMAX‑leaning titles, meaningful network expansion (notably the HOYTS deal) and improved adjusted net income and EPS. Short‑term financial headwinds were acknowledged — primarily a steep Q1 box office comp in Greater China (≈62% decline), softer total revenue and compressed EBITDA/margins due to region mix and upfront marketing and incentive investments. Management framed the cash outlays (lease incentives, pre‑marketing) as deliberate growth investments to accelerate installations and capture upside from the strengthened slate. Given the strong forward guidance, portfolio depth, network deals and bottom‑line improvement against the temporary China comp and margin cadence, the positives on balance outweigh the near‑term negatives.Company Guidance
2026 Guidance and Long-Term Outlook
Company reiterated full-year 2026 guidance: record global box office of $1.4 billion; 160–175 system installations; adjusted EBITDA margin guidance with a floor of at least 45% (mid-40s target). Management emphasized strong momentum and confidence in meeting guidance.
Strong Box Office Momentum Outside China
Q1 global box office outside Greater China rose 67% year‑over‑year (including 75% growth in North America and 60% in rest of world). Current quarter‑to‑date global box office exceeded $100 million, up over 10% year‑over‑year.
Blockbuster & Franchise Performance
Project Hail Mary earned more than $90 million in IMAX (more than double initial projections) and contributed >18% of the film's global box office; IMAX captured a 30% market share in China for that title. Super Mario Galaxy delivered the company’s second‑largest animated IMAX debut and Michael (musical biopic) produced IMAX’s biggest musical debut ever with strong 14% indexing in North America.
Network Growth & Significant New Deals
Year‑to‑date signings: over 40 new and upgraded IMAX systems across 10 countries (18 partners). Notable deal: a 10‑system agreement with HOYTS in Australia/New Zealand — IMAX’s largest deal in that market, nearly doubling its footprint there.
Installation Cadence and System Mix
Installed 19 systems in Q1 (vs 21 prior year; 15 in Q1 2024). Of the 19 installs: 11 were joint‑revenue‑sharing systems and 8 were sales; 11 upgrades and 8 new locations — demonstrating a mix of growth and premium upgrades across geographies (Japan, England, France, Singapore, South Africa, China, U.S.).
Profitability — Adjusted Net Income & EPS Growth
First quarter adjusted net income increased 33% to $10 million. Adjusted EPS was $0.17, up $0.04 year‑over‑year (approximately a 31% increase), reflecting improved bottom‑line earnings despite revenue headwinds.
Operational Discipline and Balance Sheet Strength
Operating expenses (R&D + SG&A, ex‑stock comp) were $28 million vs $30 million prior year, reflecting cost discipline. Cash and capital: $146 million cash, $300 million debt, net leverage ~0.86x; reiterated asset‑light model and recent refinancing/expanded revolver.
Diversifying Content & Pipeline
Expanded pipeline across Hollywood, local language, documentaries, music, sports and gaming. Management highlighted strong upcoming IMAX‑leaning titles (The Odyssey, Dune: Part 3, Toy Story 5, Mortal Kombat 2, Minions & Monsters, Godzilla Minus Zero, Ramayana Part 1) and multi‑year FFI (film for IMAX) slate into 2027–2028.
IMAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IMAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $38.02 | $36.51 | -3.97% |
Feb 25, 2026 | $36.52 | $41.77 | +14.38% |
Oct 23, 2025 | $32.06 | $32.44 | +1.19% |
Jul 24, 2025 | $29.03 | $28.29 | -2.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Imax Corp. (IMAX) report earnings?
Imax Corp. (IMAX) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Imax Corp. (IMAX) earnings time?
Imax Corp. (IMAX) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is IMAX EPS forecast?
IMAX EPS forecast for the fiscal quarter 2026 (Q2) is 0.34.