IMAX Corporation (IMAX) Presents at Bank of America 2026 Media,Communications & Entertainment Conference Transcript
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In December, Imax CEO Rich Gelfond opened the door to a sale. Yet, no major suitors have appeared despite the company's record box office success and strong stock growth.
IMAX shares soared by 3.9% to a record high at the New York Stock Exchange today as the worldwide popularity of the film “The Odyssey” gives a big lift to business at the U.S.-Canadian film technology supplier.
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“We are all witness to history with Christopher Nolan's ‘The Odyssey,' which seems intent on shattering all IMAX box office records in its path as its journey at the box office and around the world continues,” Gelfond said. “[The film] is a singular achievement in filmmaking and its box office trajectory is no less groundbreaking: it continues to defy gravity in a way few films ever have, making it virtually impossible to predict how high it will ultimately soar.
Christopher Nolan's The Odyssey is keeping its momentum from a massive opening weekend as it enters its third week in theaters.
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IMAX shares jump nearly 12% after Q2 results top earnings and revenue estimates, backed by margin expansion, network growth and reaffirmed 2026 guidance.
IMAX Corp (NYSE:IMAX) received a price target increase from Wedbush to $54 from $46, with the firm reiterating its Outperform rating as it expects continued growth from a stronger film pipeline, market share gains and global expansion. The analysts wrote that IMAX remains on Wedbush's Best Ideas List as the company benefits from an increase in the volume and quality of films produced for IMAX, a broader mix of local-language and global releases, expanded alternative content offerings and further international footprint growth.