AMC Q2 2026 Earnings Record Quarter
AMC Q2 2026 earnings show record revenue and adjusted EBITDA on July 20, 2026, plus stronger cash flow and operating leverage that may shift positioning.
KEY TAKEAWAYS
- Form 8-K reported record Q2 revenue of $1.6 billion and adjusted EBITDA of $321.4 million.
- Total attendance rose 13.5% to 71.3 million patrons, boosting ticket and concession sales.
- Free cash flow rose to $190.1 million and cash totaled $778.4 million, narrowing the stockholders' deficit.
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AMC Entertainment Holdings, Inc. (NYSE: AMC) reported record second-quarter results on July 20, 2026, driven by a strong slate of blockbuster films and higher attendance that boosted operating leverage and significantly improved cash flow.
Record Quarter Results and Operating Leverage
In its Form 8-K filed July 20, AMC, the world’s largest theatrical exhibition company with about 850 theaters and 9,500 screens, reported total revenues of $1.6 billion for the quarter ended June 30, 2026, up 14.2% year over year from $1.4 billion. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) reached $321.4 million with a 20.1% margin, marking the highest quarterly adjusted EBITDA in the company’s 106-year history. This represented a roughly 70% increase from the prior-year quarter and a margin expansion of about 650 basis points.
The filing showed adjusted net earnings of $104.3 million and adjusted diluted earnings per share of $0.14, while GAAP results reflected a net loss of $11.4 million. Total attendance rose 13.5% year over year to about 71.3 million patrons. U.S. adjusted EBITDA increased to $285.6 million, Europe’s to $35.8 million, and international attendance grew nearly 18%.
Management described the quarter as “all-time record revenue and all-time record Adjusted EBITDA for the period April to June 2026.” They highlighted operating leverage, noting that roughly $200 million of incremental revenue generated $131.9 million of additional adjusted EBITDA, a 66% flow-through that supported margin gains.
Blockbuster Films and Liquidity Improvement
AMC credited a “powerful and diverse film slate,” including titles such as The Super Mario Galaxy Movie, Obsession, and The Odyssey, for driving attendance and boosting ticket and concession sales. Six films opened domestically with weekends exceeding $75 million, supporting strong box-office momentum.
The company reported net cash from operating activities of $235.4 million and free cash flow of $190.1 million. Cash and cash equivalents totaled $778.4 million as of June 30, excluding $41.1 million of restricted cash. Corporate borrowings stood at $3.9 billion, while the stockholders’ deficit narrowed to $1.45 billion negative.
The results reflect significant top-line growth and margin expansion that improved cash generation and reduced balance-sheet strain, positioning AMC for continued operational strength.
