IMAX Corp is positioned for a stronger second half of 2026 despite expectations for modest second quarter growth, according to Wedbush, which reiterated its Outperform rating and $46 price target ahead of the company's earnings report. Wedbush expects second-quarter revenue of $94 million, slightly below the Wall Street consensus of $97 million, and adjusted EBITDA of $39 million, in line with consensus. Global box office on IMAX screens reached an estimated $284 million during the quarter, up 1% year over year but below Wedbush's initial forecast of $309 million, with domestic box office declining 6% to $134 million, China falling 26% to $31 million, and international markets excluding China rising 23% to $119 million. The analysts characterized the softer quarter as temporary, maintaining confidence that IMAX remains on track to achieve its 2026 targets, including approximately $1.4 billion in global box office, system installations of 160 to 175, and an adjusted EBITDA margin exceeding 45%. IMAX is scheduled to report its Q2 results after the market closes on July 23.
Imax CorpWedbush reiterated Outperform rating and $46 price target, citing confidence in 2026 targets despite modest Q2.
IMAX China Holding IncChina box office fell 26% to $31 million, indicating weak demand in that market.