Kornit Digital (NASDAQ:KRNT – Get Free Report) released its quarterly earnings data on Wednesday. The industrial products company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01), FiscalAI reports. Kornit Digital had a negative net margin of 6.49% and a negative return on equity of 1.07%. The firm had revenue of $48.54 million during the quarter, compared to analysts’ expectations of $46.67 million. During the same period in the previous year, the company earned $0.01 earnings per share. The firm’s quarterly revenue 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 Trading Down 5.2%
KRNT traded down $0.86 during trading on Thursday, hitting $15.62. 626,144 shares of the company traded hands, compared to its average volume of 345,376. The company has a market cap of $699.88 million, a PE ratio of -50.24 and a beta of 1.76. The stock’s 50-day simple moving average is $15.32 and its two-hundred day simple moving average is $14.55. Kornit Digital has a 1 year low of $11.93 and a 1 year high of $23.48.
More Kornit Digital News
- Positive Sentiment: Q1 revenue topped estimates and rose year over year, showing continued demand for Kornit’s digital textile solutions.
- Positive Sentiment: AIC revenues increased about 103% year over year, signaling strong traction in the company’s recurring revenue model.
- Positive Sentiment: The company delivered positive operating cash flow for the tenth straight quarter, which supports the quality of the business turnaround. Kornit Digital Reports First Quarter 2026 Results
- Positive Sentiment: Needham & Company raised its price target on KRNT to $22 from $20 and reiterated a Buy rating, implying additional upside. Needham raises Kornit Digital price target
Hedge Funds Weigh In On Kornit Digital
Several institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in Kornit Digital by 24.5% during the fourth quarter. Stifel Financial Corp now owns 13,038 shares of the industrial products company’s stock valued at $187,000 after purchasing an additional 2,568 shares during the last quarter. Van ECK Associates Corp lifted its position in Kornit Digital by 6.9% during the fourth quarter. Van ECK Associates Corp now owns 12,742 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 820 shares during the last quarter. State of Wyoming bought a new position in Kornit Digital during the fourth quarter valued at $212,000. Susquehanna International Group LLP bought a new position in Kornit Digital during the third quarter valued at $169,000. Finally, Boothbay Fund Management LLC lifted its position in Kornit Digital by 47.7% during the third quarter. Boothbay Fund Management LLC now owns 19,120 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 6,178 shares during the last quarter. 92.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the stock. Wall Street Zen raised shares of Kornit Digital from a “sell” rating to a “hold” rating in a report on Sunday, April 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kornit Digital in a report on Wednesday, March 25th. Needham & Company LLC upped their target price on shares of Kornit Digital from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley reaffirmed a “positive” rating and set a $17.00 target price on shares of Kornit Digital in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Kornit Digital currently has a consensus rating of “Hold” and a consensus price target of $20.75.
Check Out Our Latest Stock Report on Kornit Digital
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.
Featured Stories
- Five stocks we like better than Kornit Digital
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
- The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains
- Why Satellogic Could Be One of the Biggest Space Winners of 2026
Receive News & Ratings for Kornit Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kornit Digital and related companies with MarketBeat.com's FREE daily email newsletter.
