Israel's Kornit Digital Q2 revenue beats estimates, recurring revenue jumps

Kornit Digital

12/08/2026 12:11

Overview
Israel digital textile printer's Q2 revenue rose yr/yr, beating analyst expectations
Non-GAAP net income and adjusted EBITDA both improved from prior year period
Company saw strong growth in recurring revenue and AIC revenues, with positive operating cash flow

Outlook
Kornit Digital expects Q3 2026 revenue between $55 mln and $60 mln
Company sees Q3 2026 adjusted EBITDA margin between breakeven and 3%
Company says it enters H2 2026 with a healthy pipeline and continued momentum

Result Drivers
RECURRING REVENUE GROWTH - Co said ARR increased 79% yr/yr and AIC revenues rose 112% yr/yr, reflecting higher customer system utilization
SCREEN PRINTER PENETRATION - Co said approx. 60% of systems sold in Q2 and H1 went to traditional screen printers, showing momentum in shift to digital manufacturing
TARIFF REFUND - Co said gross profit margins were supported by a $2 mln tariff refund during the quarter

Company press release: ID:nGNX1TGyBc

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$55.32 mln
$53.07 mln (3 Analysts)
Q2 Net Loss
 
$11.17 mln
 
Q2 Gross Profit
 
$25.06 mln
 
Q2 Loss Per Basic Share
 
$0.26
 
Q2 Operating Expenses
 
$39.95 mln
 
Q2 Operating Income
 
-$14.89 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)