IMAX reported strong second-quarter 2026 results with revenue of $102.8 million and record Q2 adjusted diluted EPS of $0.43. The company delivered robust profitability, with gross margin of $62.9 million (61.2%) and adjusted EBITDA margin of 46.6%. Year-to-date operating cash flow improved, supporting continued network expansion and share repurchases.

Financial Highlights

  • Total revenue: $102.8 million for the three months ended June 30, 2026, up 12% year-over-year.
  • Gross profit: $62.9 million (gross margin 61.2%) in Q2 2026 versus $53.6 million (58.5%) in Q2 2025.
  • Operating income (income from operations): $20.8 million for Q2 2026 (unaudited).
  • Net income attributable to common shareholders: $15.4 million; net income per diluted share: $0.27 for Q2 2026.
  • Adjusted net income / Adjusted diluted EPS: Adjusted net income $24.2 million and adjusted diluted EPS $0.43 for Q2 2026.
  • Total Adjusted EBITDA: $48.0 million for Q2 2026 and Total Adjusted EBITDA margin of 46.6%.

Business Highlights

  • The Odyssey (Christopher Nolan) delivered a record-breaking IMAX opening weekend ($52 million) and unusually strong holds, driving heightened demand and approximately $60 million in presales for future showtimes.
  • Network expansion momentum: highest Q2 installations in a decade (38 systems installed in Q2 2026) and commercial multiplex systems reached 1,809 as of June 30, 2026 (up from 1,750 a year earlier).
  • International growth: International excluding China box office grew 24% in the quarter; the IMAX rest-of-world footprint expanded ~9% year-over-year.
  • Content pipeline and slate strength: The Odyssey begins a second-half slate that includes Dune: Part Three (IMAX 70mm film), Spider-Man: Brand New Day (selected Asian markets), Tom Cruise’s Digger, and an IMAX theatrical release of a Netflix project, plus multiple local-language blockbusters.
  • Capital allocation activity: repurchased 404,866 common shares in Q2 2026 for $13.7 million; as of June 30, 2026, ~$237.0 million remained available under a $500.0 million repurchase authority.

Original SEC Filing:

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