IMAX Q2 Earnings Beat Analyst Expectations, Analysts Raise Price Targets

IMAX Corporation reported Q2 earnings of 26 cents per share, beating the analyst consensus estimate of 21 cents per share. However, quarterly sales of $91.68 million missed the analyst consensus estimate of $92.51 million. IMAX shares gained 1% to $28.57 on Friday. Analysts Rosenblatt and Benchmark maintained a Buy rating and raised price targets to $37 and $32, respectively.

IMAX Corporation (NYSE: IMAX) reported mixed results for the second quarter on Thursday, with earnings per share (EPS) of 26 cents beating the analyst consensus estimate of 21 cents per share. However, the company's quarterly sales of $91.68 million fell short of the analyst consensus estimate of $92.51 million. Despite the mixed results, IMAX shares gained 1% to trade at $28.57 on Friday.

The company attributed its strong performance to robust network growth, with 57 new and upgraded locations opened worldwide, and record box office performance in North America. CEO Rich Gelfond stated, "IMAX delivered outstanding financial results in the Second Quarter as the key drivers of our business worked in concert, with strong network growth worldwide, record box office in North America, and impressive market share gains driven by more releases filmed with our technology than ever" [1].

Analysts from Rosenblatt and Benchmark maintained a Buy rating and raised their price targets following the earnings announcement. Rosenblatt analyst Steve Frankel raised the price target from $35 to $37, while Benchmark analyst Mike Hickey boosted the price target from $30 to $32 [1].

Looking ahead, IMAX expects to continue its growth trajectory, with plans to install between 150 and 160 new systems worldwide by the end of the year. The company also highlighted its strong market position, stating that it now controls 3.6% of the global box office on less than 1% of screens, up 19% year-over-year in the second quarter [2].

References:

[1] https://www.benzinga.com/analyst-stock-ratings/price-target/25/07/46630180/imax-analysts-increase-their-forecasts-after-q2-results
[2] https://www.insidermonkey.com/blog/imax-corporation-nyseimax-q2-2025-earnings-call-transcript-1575399/