TLDR
- AMC stock rose 16% in pre-market trading after posting record results for the second quarter of 2026.
- Revenue rose 14.2% year over year to $1.59 billion, beating expectations of $1.5 billion.
- Adjusted EBITDA was $321.4 million – the first time it has ever exceeded $300 million
- Free cash flow was $190.1 million, while operating cash flow went from -$231.6 million to +$106.9 million.
- More than 4.3 million moviegoers attended AMC theaters last weekend, fueled by Christopher Nolan’s The Odyssey.
AMC Entertainment stock jumped 16% in pre-market trading Monday, to $2.25, after the company reported the best quarterly results in its 106-year history.
AMC Entertainment Holdings Inc., AMC
The theater operator reported adjusted earnings of 14 cents per share for the second quarter of 2026 — a significant swing from Wall Street’s expected loss of 4 cents. Revenue was $1.59 billion, up 14% year over year and ahead of the analyst consensus of $1.5 billion.
Adjusted EBITDA rose to $321.4 million, an increase of nearly 70%, marking the first time that number has exceeded $300 million in the company’s history. Free cash flow was $190.1 million during the quarter.
break: $AMC It jumped 19% pre-market after posting the best quarterly revenue in the company’s history.
Revenue was $1.596 billion for the quarter, up 14.2% from a year ago.
Free cash flow was $190.1 million for the quarter.
CEO Adam Aron described it as the best quarter in… pic.twitter.com/XtW4w5eyei
– Bull Theory (@BullTheoryio) July 20, 2026
Operating cash flow turned sharply positive, swinging from -$231.6 million in Q2 2025 to +$106.9 million this quarter – a shift of more than $338 million.
CEO Adam Aron described the results as “exceptional,” saying they reflect the company’s “continued focus on delighting guests” after years of slow recovery from the pandemic.
Box office boosts bounce
Attendance was up nearly 14% in the quarter. Over the weekend alone, more than 4.3 million moviegoers attended Your mother Theaters around the world, with Christopher Nolan’s The Odyssey driving the most foot traffic.
Food and beverage revenue at U.S. locations was the strongest in more than a year, increasing revenue.
A strong box office environment in 2026 was a key driver across the sector. Macquarie raised its full-year 2026 industry box office forecast ahead of print, and Texas Capital upgraded AMC to Buy from Hold just days before earnings.
Sector peers moved alongside AMC on the news. IMAX stock advanced 4%, while Cinemark Holdings rose 0.3%.
Paid balance sheet work
AMC used a $200 million stock offering to pay down short-term debt and push key maturities to 2029, reducing balance sheet risk ahead of this earnings report.
AMC is still widely known as a meme stock, side by side GameStop And others, where price movements are more often related to retail sentiment than business performance. However, Monday’s move appears to be driven by real fundamental results rather than social media momentum.
The broader market was also in a positive mood, with the S&P 500 rising 0.4%, the Dow Jones rising 0.3%, and the Nasdaq gaining 0.75%.
AMC stock traded at $2.25 pre-market, up 16% during the session.
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