Imax reports Q1 revenue and profit decline despite hits

Imax's revenues and profits fell in the first quarter of 2026, despite strong performances from 'Avatar: Fire and Ash' and 'Project Hail Mary.' The company posted $81 million in revenue, down 6.5% from last year, and net income of $6.2 million, down 26%. Results beat Wall Street expectations.

Imax announced its first-quarter results for the period ending March 2026, revealing revenues of $81 million, a 6.5% decrease from $86.7 million in the prior year's quarter. Net income dropped 26% to $6.2 million from $8.2 million, though adjusted earnings per share improved to 17 cents from a 13-cent loss. These figures exceeded analysts' expectations of $79.9 million in revenue and 15 cents per share, according to the company.

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Illustration depicting Imax executives handling operations during CEO Richard Gelfond's temporary medical leave for pneumonia.
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Imax CEO Richard Gelfond takes temporary medical leave for pneumonia

من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي

Imax CEO Richard Gelfond has begun a temporary medical leave of absence to undergo treatment for pneumonia, the company announced on March 30. He will skip upcoming events including CinemaCon next month in Las Vegas. Senior executives are managing daily operations under board chairman Darren Throop.

Amazon reported first-quarter revenue of $181.5 billion, surpassing Wall Street expectations with a 17% year-over-year increase. CEO Andy Jassy highlighted the success of Project Hail Mary, which has earned nearly $615 million at the box office to date. Amazon Web Services revenue reached $37.6 billion, up 28%.

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Microsoft's Xbox hardware revenue fell 33 percent year-on-year in Q3 FY2026, despite overall company revenue rising 18 percent to $82.9 billion. Gaming revenue declined seven percent, prompting Xbox leaders to pledge renewed focus on core fans. The firm recently cut Game Pass prices in response to customer feedback.

Micron Technology reported fiscal Q2 2026 revenue of $23.86 billion, up 196% year-over-year and beating consensus estimates of $19.51 billion. Earnings per share reached $12.20. The company issued strong Q3 guidance, projecting revenue of $33.5 billion and EPS of $19.15.

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