Eastman Kodak Company Reports 18% Revenue Growth and Net Earnings Turnaround in Q2 2026

Eastman Kodak Company reported a significant increase in its financial performance for the second quarter and first half of 2026, as detailed in its latest 10-Q filing. Total revenues for the three months ended June 30, 2026, reached $311 million, an 18% increase from $263 million in the same period of 2025. For the first half of 2026, revenues totaled $576 million, up 13% from $510 million year-over-year. The growth was primarily driven by improved pricing strategies in both the Print and Advanced Materials and Chemicals segments, alongside higher sales volumes.

In terms of profitability, Kodak reported net earnings of $17 million for the second quarter of 2026, compared to a net loss of $26 million in the prior year. This marked a turnaround in performance, with earnings per share rising to $0.13 from a loss of $0.36 per share in the same quarter of 2025. The company’s gross profit also improved significantly, increasing to $82 million in Q2 2026 from $51 million a year earlier, reflecting a gross margin of 26%. The operational EBITDA for the Print segment was $8 million, a recovery from a loss of $4 million in the previous year, while the Advanced Materials and Chemicals segment saw operational EBITDA rise to $22 million from $8 million.

Kodak has also made strategic moves to enhance its market position, including the introduction of new products such as the KODAK SONORA UltraXR Plates in Europe, which aim to streamline printing processes and reduce environmental impact. The company is actively investing in its Advanced Materials and Chemicals segment, focusing on innovations in film and battery materials, which are expected to drive future growth. Additionally, Kodak has been addressing labor shortages and manufacturing capacity constraints by increasing headcount and investing in equipment upgrades.

Operationally, Kodak's total employee count has increased, reflecting its efforts to meet rising demand, particularly in the film segment. The company reported a cash balance of $290 million as of June 30, 2026, down from $337 million at the end of 2025, primarily due to cash used in financing activities, including a $101 million prepayment of term loans. Kodak's liquidity remains adequate to support ongoing operations, with cash flows from investing activities showing a positive shift, largely due to cash proceeds from the redemption of investment assets.

Looking ahead, Kodak's management remains cautious about the economic environment, which continues to be influenced by inflation, supply chain disruptions, and geopolitical tensions. The company is focused on maintaining its operational efficiency and profitability through strategic pricing actions, cost-saving measures, and continued investment in innovation. Kodak's outlook emphasizes the importance of navigating these challenges while leveraging its core competencies to drive long-term growth in its targeted markets.