KODKEastman Kodak Company
Eastman Kodak Company (KODK) sells imaging technologies, healthcare products, and digital solutions, including medical imaging systems and smart consumer devices. The next catalyst is Oct 15, 2026 — Traders purchase high volume of call options on KODK as market sentiment shifts, which will test the company’s ability to sustain recent retail interest amid broader macroeconomic uncertainty.
- Kodak’s revenue grew 2.5% YoY to $1.11B in 2026, but net income remained negative at -$2.00M, with free cash flow at -$163M over the last twelve months.
- The company’s debt-to-equity ratio of 0.65x suggests moderate leverage, but its net margin of -0.2% highlights ongoing pressure on profitability.
- Shareholders’ equity stands at $614M, with diluted EPS of 0.13, indicating a mix of capital structure and earnings volatility.
The Read
KODK historically moves about 18% on catalyst events, rallying 8% after Q4 2025 earnings on improved revenues and cash despite losses, but plunging 28% after Q1 2026 due to widened net losses and valuation concerns.
The schedule
- Fri9Oct
KODK Stock Crosses $10-Mark For First Time In Nearly 5 Years — Retail Cheers 'K…
- Thu15Oct
The surge in call options suggests a shift in sentiment toward the stock, testing whether the market believes KODK can sustain a recovery from its recent lows. This differs from the last similar event, which saw a short-lived rally due to weak guidance.
- Fri16Oct
This milestone tests whether the stock can maintain momentum after crossing a psychological threshold, which historically has been a key catalyst for short-term gains. The last time this occurred, the stock failed to hold the level due to weak earnings guidance.
- Sun8Nov
The earnings report will test whether KODK can deliver better-than-expected results, particularly in its advanced materials and battery segments. This differs from the last earnings print, which saw a bearish outcome due to weak revenue guidance.
- Tue15Dec
The conference will test whether KODK can leverage its presence in the advanced materials and battery space to attract investors and secure partnerships. This differs from the last conference, which saw limited traction due to weak product mix.
- Tue9Feb
The final earnings report of the year will test whether KODK can deliver a strong close to the year, particularly in its core imaging and materials segments. This differs from the last earnings print, which saw a bearish outcome due to weak revenue and margin guidance.
- Thu6May
The earnings report will test whether KODK can sustain its recovery and deliver better-than-expected results, particularly in its advanced materials and battery segments. This differs from the last earnings print, which saw a bearish outcome due to weak revenue and margin guidance.
- Mon9Aug
The earnings report will test whether KODK can deliver a strong close to the year, particularly in its core imaging and materials segments. This differs from the last earnings print, which saw a bearish outcome due to weak revenue and margin guidance.
Past
- Thu1Oct
Actual outcome: Bull · $9.88 at outcome
Kodak's stock closed above the bull target of $8.85, reaching $9.81 by the outcome date. The positive price action was driven by optimism around the Trump Administration's trade policy, which signaled potential support for domestic manufacturing, aligning with Kodak's focus on reshoring and advanced materials production.
Evaluation of how President Trump's industrial reshoring mandates and new tariff structures impact Kodak's domestic chemical and advanced materials manufacturing base from the $7.15 level.
- Sun9Aug
Actual outcome: Bull · $10.14 at outcome
Eastman Kodak reported an EPS of -0.21, matching expectations, but the stock rallied as the earnings beat expectations on the upside. The positive price reaction was driven by improved guidance and signs of stabilization in demand, which signaled potential for operational improvements and long-term value recovery.
Q2 2026 earnings will serve as a critical margin test after Q1's 33% plunge due to commodity cost pressures. Investors are looking for operating leverage to offset raw material headwinds to justify the current $8.47 valuation.
- Tue30Jun
Actual outcome: Bear · $7.87 at outcome
Kodak's update on its pension plan reversion and subsequent debt reduction timeline offered no material surprises or accelerated milestones. Without a definitive catalyst to alter the near-term balance sheet outlook, the stock traded flat as investors awaited more concrete progress on the restructuring efforts.
Expected update on Kodak's pension plan reversion process and subsequent debt reduction timeline.
- Thu7May
Actual outcome: Bear · $9.48 at outcome
Eastman Kodak reported Q1 2026 earnings that met EPS estimates with a loss of $1.22 per share, alongside higher year-over-year revenue and operational EBITDA. However, the stock plummeted 33% and breached the bear floor as the company's net loss widened due to higher commodity costs and non-cash charges, prompting a severe sell-off given the stock's extreme overbought conditions and valuation hurdles heading into the report.
Eastman Kodak reports Q1 2026 earnings, facing extreme technical overbought conditions and valuation hurdles following its Q4 surge.
- Thu12Mar
Actual outcome: Bull · $7.83 at outcome
Kodak reported higher year-over-year revenues, improved adjusted profitability, and a sharply higher cash position for Q4 2025, though GAAP EPS showed a loss due to one-time pension-related charges. The market looked past the one-time charges and rewarded the company's strong operational gains and cash surge, driving the stock significantly above bullish targets. Subsequent news regarding the expansion of its battery chemistry platform further fueled the stock's upward momentum.
Release of fiscal year-end results and management's forward guidance for 2026 under new trade paradigms.
