Kornit Digital (NASDAQ:KRNT) Announces Earnings Results

Kornit Digital (NASDAQ:KRNT) released its earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01), FiscalAI reports. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The firm had revenue of $48.54 million for the quarter, compared to analysts’ expectations of $46.67 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis.

Here are the key takeaways from Kornit Digital’s conference call:

• Kornit said Q1 revenue came in at the high end of guidance at $48.5 million, with adjusted EBITDA loss improving year over year and positive operating cash flow for the 10th straight quarter.
• Demand indicators strengthened, with 12% trailing-12-month impression growth and about 40% of system sales from new customers, including strong traction from screen-printing customers shifting to digital.
• The company highlighted strong interest in new platforms, especially Atlas MATRIX and Presto MAX PLUS, saying both generated meaningful backlog, new orders, and upgrade opportunities across multiple end markets.
• AIC recurring revenue continued to scale rapidly, with AIC revenue up about 103% year over year and ARR ending Q1 at roughly $27 million, which management expects to accelerate further in 2026.
• Kornit guided Q2 revenue to $51 million to $55 million and adjusted EBITDA margin to -5% to breakeven, while noting FX pressure from a stronger shekel and continued investment in strategic initiatives.

Kornit Digital Stock Up 3.9%

KRNT traded up $0.62 during trading on Wednesday, hitting $16.70. 1,202,631 shares of the company’s stock were exchanged, compared to its average volume of 338,044. The business’s 50 day moving average is $15.30 and its two-hundred day moving average is $14.53. Kornit Digital has a fifty-two week low of $11.93 and a fifty-two week high of $23.48. The stock has a market cap of $747.99 million, a P/E ratio of -54.60 and a beta of 1.76.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd raised its holdings in Kornit Digital by 202.6% during the fourth quarter. XTX Topco Ltd now owns 50,411 shares of the industrial products company’s stock worth $725,000 after buying an additional 33,750 shares during the last quarter. Ulysses Management LLC acquired a new position in Kornit Digital during the fourth quarter worth $575,000. Quadrature Capital Ltd acquired a new position in Kornit Digital during the fourth quarter worth $144,000. Millennium Management LLC boosted its position in shares of Kornit Digital by 375.6% during the fourth quarter. Millennium Management LLC now owns 174,906 shares of the industrial products company’s stock valued at $2,515,000 after buying an additional 138,132 shares during the last quarter. Finally, Man Group plc boosted its position in shares of Kornit Digital by 106.6% during the fourth quarter. Man Group plc now owns 286,695 shares of the industrial products company’s stock valued at $4,123,000 after buying an additional 147,901 shares during the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Kornit Digital in a research note on Wednesday, February 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Kornit Digital in a research note on Wednesday, March 25th. Wall Street Zen raised Kornit Digital from a “sell” rating to a “hold” rating in a research note on Sunday, April 12th. Finally, Morgan Stanley reaffirmed a “positive” rating and issued a $17.00 target price on shares of Kornit Digital in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kornit Digital currently has a consensus rating of “Hold” and a consensus price target of $20.25.

Kornit Digital Company Profile

Kornit Digital Ltd. (NASDAQ: KRNT) is a global technology company specializing in digital textile printing solutions. Headquartered in Rosh Ha’Ayin, Israel, Kornit develops and manufactures an integrated ecosystem of industrial inkjet printers, proprietary NeoPigment inks and pretreatment systems. Its product portfolio addresses a range of applications including direct-to-garment, direct-to-fabric, digital embellishment and hybrid manufacturing, enabling businesses to produce custom apparel, sportswear, fashion and home textiles on demand.

The company’s flagship offerings include the Avalanche and Atlas series for high-volume production, as well as the Storm and Helix lines designed for mid-to-large scale operations.