Focus on H2 2026 blockbuster slate and refinancing progress; the adjusted EPS miss may temper enthusiasm despite strong top-line growth. Monitor next quarter for cash flow trajectory and box office momentum.
Price Chart
Executive Summary
AMC reported Q1 2026 revenue of $1,045.4M (+21.2% YoY) and narrowed net loss to $117.1M from $202.1M, with Adjusted EBITDA turning positive at $38.3M. However, adjusted diluted EPS of -$0.36 missed the Street consensus of -$0.32, and the company continued to burn cash (FCF -$174.7M), leaving a mixed picture of operational improvement versus elevated costs and dilution from equity sales.
Key Financial Metrics
Key Facts
- Total revenue $1,045.4M vs $862.5M YoY (+21.2%), driven by 13.6% attendance growth and higher per-patron spending
- Adjusted EBITDA improved to $38.3M from -$57.7M YoY, the best Q1 since 2019
- Adjusted diluted EPS of -$0.36 missed consensus of -$0.32 (-12.5% miss)
- Net loss narrowed to $117.1M from $202.1M but still negative; FCF -$174.7M vs -$417.0M YoY
- Cash and equivalents fell to $339.2M from $428.5M at year-end, with $71.7M raised via ATM equity sales
Financial Impact
Revenue beat undisclosed consensus by ~7-8% based on prior Q4 2025 consensus of $968.8M; adjusted EPS miss of ~12.5% vs $0.32 estimate
Risk Factors
- Continued net losses and negative free cash flow could pressure liquidity
- Dilution from the $150M at-the-market equity program (already $71.7M raised)
- Heavy debt load ($3.96B corporate borrowings) and high interest expense
- Dependence on film supply and theatrical window trends
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001411579-26-000049 |
| Document: amc-20260505x8k.htm | 0001411579-26-000049 |
| Document: 0001411579-26-000049-index-headers.html | 0001411579-26-000049 |
| Document: 0001411579-26-000049-index.html | 0001411579-26-000049 |
| Document: 0001411579-26-000049.txt | 0001411579-26-000049 |
| 8-K Data (Synthetic) | 0001411579-26-000049 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | DEFA14A | $2.40 $2.46 | ▲ +2.50% | ▲ +3.56% | $2.77 (+15.42%) |
Aug 6, 2026 8w ago | Institutional Cluster | $2.57 $2.54 | ▼ −1.17% | ▼ −1.77% | $2.77 (+7.78%) |
Jul 20, 2026 10w ago | 8-K | $2.46 $2.44 | ▼ −0.81% | ▼ −4.93% | $2.77 (+12.60%) |
Jun 11, 2026 16w ago | Institutional Cluster | $2.28 $1.90 | ▼ −16.67% | ▼ −18.56% | $2.77 (+21.49%) |
May 13, 2026 20w ago | 8-K | $1.33 $2.28 | ▲ +71.43% | ▲ +72.04% | $2.77 (+108.27%) |
May 5, 2026 21w ago | 8-K | $1.64 $1.83 | ▲ +11.59% | ▲ +8.80% | $2.77 (+68.90%) |
May 5, 2026 21w ago | 8-K | $1.59 $2.07 | ▼ −30.19% | ▼ −25.23% | $2.77 (−74.21%) |
Apr 30, 2026 22w ago | 10-K/A | $1.45 $2.12 | ▼ −46.21% | ▼ −40.92% | $2.77 (−91.03%) |
Apr 17, 2026 24w ago | 8-K | $1.83 $1.36 | ▼ −25.68% | ▼ −29.89% | $2.77 (+51.37%) |
Mar 24, 2026 27w ago | 8-K | $1.00 $1.71 | ▼ −71.00% | ▼ −62.10% | $2.77 (−177.00%) |
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