Kornit Digital Q1 revenue beats estimates, helped by Atlas MATRIX demand

Kornit Digital

13/05/2026 12:11

Overview

Israel digital textile printer's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations, though company posted small non-GAAP net loss

Company cites strong AIC model adoption and growing Atlas MATRIX backlog as drivers

Outlook

Kornit Digital expects Q2 2026 revenue between $51 mln and $55 mln

Company sees Q2 2026 adjusted EBITDA margin between negative 5% and breakeven

Kornit Digital says backlog and customer activity provide better visibility into H2 2026

Result Drivers

AIC REVENUE GROWTH - Co said AIC revenues increased about 103% year over year, reflecting expanded customer adoption and transition to recurring revenue

SCREEN-TO-DIGITAL SHIFT - Co attributed impressions growth to higher utilization across its installed base and ongoing shift from screen to digital production

ATLAS MATRIX DEMAND - Co reported strong customer response and a growing backlog for Atlas MATRIX, supporting expansion of digital production at scale

Company press release: ID:nGNX52pGZy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$48.54 mln
$46.67 mln (4 Analysts)
Q1 Adjusted EPS
Beat
-$0.01
-$0.02 (5 Analysts)
Q1 EPS
-$0.19
Q1 Net Income
-$8.22 mln
Q1 Basic EPS
-$0.19
Q1 Gross Profit
$18.39 mln
Q1 Operating Expenses
$31.89 mln
Q1 Operating Income
-$13.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Kornit Digital Ltd is $23.00, about 43% above its May 12 closing price of $16.08

The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 45 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)