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Eastman Kodak (KODK) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Eastman Kodak (KODK) reported revenue of $276M for the third quarter 2026 (Q3 2026), +3% from a year earlier and -11% from the quarter before. Operating margin was 5.4%, net earnings $21.0M (7.6% of revenue).
Eastman Kodak, Q3 2026: revenue $276M (+3% year over year), operating margin 5.4%, net earnings $21.0M, operating cash flow $25.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $276M | -11% | +3% |
| Gross profit | $73.0M | -11% | +7% |
| Operating profit | $15.0M | 0% | -21% |
| Net earnings | $21.0M | +24% | +62% |
| Operating cash flow | $25.0M | +400% | +19% |
| Free cash flow | $18.0M | — | +6% |
What changed
Revenue was $276.0M in Q3 2026, up 3% year over year and down 11% from the previous quarter. Print was the largest line at 60% of revenue. Advanced Materials and Chemicals added $17.0M year over year (up 21%), 243% of the total change. All Other declined 25%.
Gross margin was 26.4%, up 1.2 points from Q3 2025. Operating profit was $15.0M, a 5.4% margin (down 1.6 points year over year). Operating profit fell $4.0M even though revenue rose $7.0M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 3%. The fastest-growing cost line was SG&A (+22%). Net earnings were $21.0M, up 62% year over year. The effective tax rate was 12.5%. Non-operating items added $9.0M, 38% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $25.0M (up 19% year over year), 119% of net earnings. Non-cash charges added back $7.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $11.0M. Capital expenditures of $7.0M left free cash flow of $18.0M.
Questions
What was Eastman Kodak's revenue in the third quarter 2026?
Eastman Kodak (KODK) reported revenue of $276M for the third quarter 2026 (Q3 2026), +3% from a year earlier and -11% from the quarter before.
Was Eastman Kodak profitable in the third quarter 2026?
Operating profit was $15.0M (5.4% of revenue) and net earnings $21.0M.
Source: Eastman Kodak 10-Q on SEC EDGAR.