Eastman Kodak reports on Tuesday 3 November, after the market closes. Revenue over the twelve months to Q2 2026 was $1.1 billion, up 9.5% on the year before, and the report will test whether that acceleration in growth holds.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q2.
View chart data
| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY24 Q3 | -8.3% | -1.1% | -4.8% |
| FY24 Q4 | -6.6% | -0.7% | -6.0% |
| FY25 Q1 | -4.3% | -2.6% | -11.5% |
| FY25 Q2 | -2.2% | -3.3% | -10.4% |
| FY25 Q3 | -0.7% | -0.7% | -4.8% |
| FY25 Q4 | 2.5% | 0.0% | 41.7% |
| FY26 Q1 | 4.4% | 1.1% | 42.3% |
| FY26 Q2 | 9.5% | 2.8% | 40.9% |
What analysts expect from Eastman Kodak Co
For the quarter, the analysts' average EPS estimate is $0.16, in a range from $0.16 to $0.16. The average revenue estimate for the quarter is $294.3 million. The analysts' average estimate for full-year EPS is $0.39, based on 1 analyst. Of the analysts' recommendations, 0 are positive, 0 neutral and 0 negative.
Growth has picked up
Revenue growth accelerated into the period. The twelve-month growth rate was up 5.0 percentage points on the rate a quarter earlier. Trailing gross margin was 24.1%, while trailing operating margin was 2.8%, up 6.1 percentage points from a year earlier. Yet the trailing net margin was negative, at −8.3%, and the company made a net loss of $94.0 million over the twelve months.
The cash picture is the opposite of the profit picture. Operating cash flow over the twelve months was $485.0 million, and capital spending was just $21.0 million, or 1.9% of revenue. Free cash flow was $464.0 million, up 0.0% on the year before, and the free-cash-flow margin was 40.9%, up 51.3 percentage points from a year earlier. The average diluted share count rose 11.5% over the year.
These levels sit high against the company's own history. Today's free-cash-flow margin of 40.9% is higher than 97% of past quarterly readings, which have ranged from −20.3% to 42.3%. The operating margin of 2.8% is higher than 77% of past readings (−18.5% to 12.3%). The twelve-month revenue growth rate of 9.5% is higher than 94% of past readings (−33.0% to 19.0%).
Questions this report will answer
The report will show whether the pick-up in revenue growth continues, whether results land above or below the analysts' expectations set out above, and whether margins hold at the trailing levels reported here.
The value hinges on growth more than margins
Our model is sensitive to growth. In our model, growth 5 percentage points lower would lower the value by 24.6%, and growth 5 percentage points higher would raise it by 31.9%. A free-cash-flow margin 1 percentage point lower would lower it by 2.3%. The full-year EPS estimate is based on 1 analyst, so the consensus carries a small-sample caveat.
