IMAX Corp (NYSE:IMAX) 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.
Shares of IMAX traded hands at $38 on Friday morning, up about 5% so far this year
The firm kept IMAX on its Best Ideas List, citing an improving pipeline of filmed-for-IMAX releases, expanding international opportunities, growing alternative content offerings and continued global footprint expansion as key drivers of long-term growth. Wedbush expects IMAX to report second-quarter revenue of $94 million, slightly below the Wall Street consensus of $97 million, while forecasting adjusted EBITDA of $39 million, in line with consensus. The analysts expect the quarter to reflect the strength of IMAX’s diversified geographic footprint and content slate despite weaker-than-expected performance in China and a modest loss of domestic market share during a quarter dominated by family-oriented films.
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. Domestic box office declined 6% to $134 million, while China fell 26% to $31 million. International markets excluding China rose 23% to $119 million.