Kornit Digital (NASDAQ:KRNT) Announces Earnings Results, Hits Expectations

Kornit Digital (NASDAQ:KRNT) released its quarterly earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share 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 during the quarter, compared to analysts’ expectations of $46.67 million. During the same period last year, the firm posted $0.01 EPS. The business’s 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 Stock Performance

KRNT traded up $0.40 during mid-day trading on Wednesday, reaching $16.48. The stock had a trading volume of 1,598,751 shares, compared to its average volume of 195,885. The firm’s fifty day simple moving average is $15.32 and its two-hundred day simple moving average is $14.55. The stock has a market capitalization of $738.14 million, a P/E ratio of -53.16 and a beta of 1.76. Kornit Digital has a 52 week low of $11.93 and a 52 week high of $23.48.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Kornit Digital

Several large investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its position in Kornit Digital by 1,359.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,927 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 1,795 shares during the period. Johnson Financial Group Inc. acquired a new position in Kornit Digital during the 3rd quarter valued at about $27,000. Raymond James Financial Inc. bought a new position in shares of Kornit Digital in the 2nd quarter valued at about $31,000. State of Tennessee Department of Treasury acquired a new stake in shares of Kornit Digital during the 2nd quarter worth approximately $35,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Kornit Digital during the 4th quarter worth approximately $144,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

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.