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IMAX Corporation (IMAX)
NYSE:IMAX
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.21Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented overwhelmingly positive operational and financial momentum: record box office, revenue, margins, EPS and cash flow, strong network growth and a deep multi-year content slate underpinning ambitious margin and growth targets. The principal negatives were limited, one-time charges and strategic repositioning costs, a higher tax rate, timing volatility in China, and dependency on exhibitors for pricing and rights complexity for alternative/live content. On balance the highlights materially outweigh the lowlights and management articulated clear plans and strong liquidity to capitalize on the opportunity.Company Guidance
Record Global Box Office and Market Share
Global box office of $1.28 billion in 2025, up 40% year-over-year; captured a record 3.8% of global box office, up 700 basis points YoY.
Record Revenue and Profitability
Full year revenue of $410 million, up 16% vs 2024; adjusted EBITDA of $185 million (full year), up 33% YoY; adjusted EBITDA margin of 45% (record, up ~570 bps YoY).
Adjusted EPS and Cash Flow Strength
Adjusted EPS of $1.45, up $0.50 year-over-year; record cash from operations of $127 million; full year free cash flow of $85 million and adjusted EBITDA conversion of 46% (61% excluding network investment).
Content Performance and Awards
Local-language films grossed $405 million worldwide (67 international releases); IMAX releases earned 58 Academy Award nominations; Content Solutions revenue growth (Q4 +50% YoY) and full year content gross profit of $100 million (50% YoY growth) with a 66% content gross margin (up ~1,260 bps YoY).
Network Expansion and System Growth
160 systems installed in 2025 (high end of guidance), up ~10% YoY; 166 new/upgraded system agreements (signings) in 2025, up 28% YoY; commercial footprint growth of 3.5% overall with domestic +4% and rest-of-world just over +8% (record 118 systems installed in certain markets).
Strong Balance Sheet and Liquidity Actions
Year-end cash $151 million (up 50% YoY), debt $289 million with net leverage 0.7x; renewed/expanded $375 million revolving credit facility; issued $250 million convertible notes at 0.75% and implemented a capped call effectively raising conversion price to $57.
Compelling Forward Guidance and Slate
2026 outlook: projected $1.4 billion box office, 160–175 system installs, adjusted EBITDA margin mid-40s with a 45% floor; multi-year targets include revenue CAGR high single to low double digits through 2028 and >50% adjusted EBITDA margin by 2028; strong multi-year film pipeline (Nolan's Odyssey, Mandalorian, Dune Part Three, Project Hail Mary, Super Mario, Toy Story 5, multiple 2027/2028 mega titles) and 60% of 2027 already booked.
Product and Distribution Wins
Apple partnership to stream Formula 1 races to IMAX locations (U.S. launch with international expansion being explored); exclusive openings (e.g., Elvis Doc EPiC); continued traction with filmmakers and studios (multiple films shot with IMAX cameras).
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 |
|---|---|---|---|
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% |
Apr 23, 2025 | $24.10 | $23.29 | -3.36% |
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 Corporation (IMAX) report earnings?
IMAX Corporation (IMAX) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is IMAX Corporation (IMAX) earnings time?
IMAX Corporation (IMAX) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IMAX EPS forecast?
IMAX EPS forecast for the fiscal quarter 2026 (Q1) is 0.21.