Only a year ago, articles were questioning whether Kodak would survive. The second-quarter 2026 earnings table shows different numbers. Four straight quarters of improvement.
The numbers first
| Q2 2026 | Prior year | This year | Change |
|---|---|---|---|
| Revenue | 263M | 311M | +18% |
| Gross profit | 51M | 82M | +61% |
| Net income (GAAP) | -26M | 17M | Back to profit |
| Operational EBITDA | 9M | 36M | +300% |
Figures are in US dollars. Gross profit grew more than three times as fast as revenue. Kodak sold more, and kept a bigger share of each sale.
Which column is film in?
Kodak splits into two main segments. Advanced Materials and Chemicals, which holds motion picture film along with chemicals and materials, and Print, which sells printing equipment and consumables.
| Segment | Revenue | Growth | Share |
|---|---|---|---|
| Advanced Materials and Chemicals | 105M | +40% | 34% |
| 195M | +10% | 63% |
The segment that holds film grew 40%. Kodak said demand for motion picture film was strong, and investments in pharmaceuticals and battery coatings were booked there too.
So that 40% is not all film. Kodak does not break the segment down any further. Right now there is no way to know exactly how much film earned.
But more than half is Print
This is the part of the report that is easy to miss. Of the $311 million, $195 million, or 63%, is Print. The segment that holds film is one third.
Print is still far too big to say film saved Kodak. By growth rate, film is faster. By size, Print is what holds the company up. Both statements are true.
It also has to be said that printing is not a growing market. If that segment wobbles, 40% growth on the film side will have a hard time filling the gap.
What changes for people who shoot film?
Better results leave room to spend on equipment and facilities. Look at what Kodak did over the past year and you can see the direction. Eastman Kodak took back the still film distribution that Alaris had been handling, and brought large format and 100-foot bulk rolls back into the lineup.
What the company earns does not translate directly into what we pay for film. Still, the buyer is better off when the maker is on solid ground.
What this article does not do
- It relies on the company's own releases. Keep in mind that these figures are framed in an optimistic light
- Revenue for film alone has not been disclosed. We can only speak to the segment level
- One quarter is one quarter. Even four in a row does not make a trend lasting more than a year