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
Outlook for the second half
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"
Analyst coverage and valuation
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
IMAX•
