Kornit Digital Q3 revenue up 5%, beats estimates

Kornit Digital

05/11/2025 12:21

Overview

Kornit Digital Q3 revenue grows 5% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 was positive at $1.1 mln, reflecting operational improvements

Company expands Apollo and Atlas MAX PLUS installations, boosting bulk apparel production

Outlook

Company expects Q4 2025 revenue between $56 mln and $60 mln

Kornit Digital anticipates Q4 adjusted EBITDA margin of 7% to 10%

Company aims to expand in high-potential markets like footwear

Result Drivers

APOLLO AND ATLAS EXPANSION - Expansion of Apollo and Atlas MAX PLUS installations driving growth in bulk apparel production

AIC MODEL ADOPTION - Annual recurring revenue from AIC grew to $21.5 mln in Q3, reflecting continued adoption of Kornit’s usage-based revenue model

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$53.13 mln
$52.44 mln (6 Analysts)
Q3 Net Income
-$2.59 mln
Q3 Basic EPS
-$0.06
Q3 Gross Profit
$23.08 mln
Q3 Operating Expenses
$31.14 mln
Q3 Operating Income
-$8.05 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $24.00, about 44.5% above its November 4 closing price of $13.33

The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 47 three months ago

Press Release: ID:nGNX7Rc52P

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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.)