Kornit Digital (NASDAQ:KRNT) Issues Quarterly Earnings Results

Kornit Digital (NASDAQ:KRNT) announced its quarterly earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01), FiscalAI reports. The business had revenue of $48.54 million during the quarter, compared to the consensus estimate of $46.67 million. Kornit Digital had a negative return on equity of 1.07% and a negative net margin of 6.49%.The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS.

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 Up 3.9%

KRNT stock traded up $0.62 during trading hours on Wednesday, hitting $16.70. 1,202,631 shares of the stock were exchanged, compared to its average volume of 338,044. Kornit Digital has a 12 month low of $11.93 and a 12 month high of $23.48. The firm has a market capitalization of $747.99 million, a P/E ratio of -54.60 and a beta of 1.76. The company has a 50-day simple moving average of $15.30 and a two-hundred day simple moving average of $14.53.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. XTX Topco Ltd increased its position in shares of Kornit Digital by 202.6% in the fourth quarter. XTX Topco Ltd now owns 50,411 shares of the industrial products company’s stock worth $725,000 after purchasing an additional 33,750 shares during the period. Ulysses Management LLC bought a new position in shares of Kornit Digital in the fourth quarter worth $575,000. Quadrature Capital Ltd bought a new position in shares of Kornit Digital in the fourth quarter worth $144,000. Millennium Management LLC increased its position in shares of Kornit Digital by 375.6% in the fourth quarter. Millennium Management LLC now owns 174,906 shares of the industrial products company’s stock worth $2,515,000 after purchasing an additional 138,132 shares during the period. Finally, Man Group plc increased its position in shares of Kornit Digital by 106.6% in the fourth quarter. Man Group plc now owns 286,695 shares of the industrial products company’s stock worth $4,123,000 after purchasing an additional 147,901 shares during the period. Institutional investors own 92.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KRNT. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Kornit Digital in a research report on Wednesday, February 11th. Wall Street Zen upgraded Kornit Digital from a “sell” rating to a “hold” rating in a research report on Sunday, April 12th. Morgan Stanley reiterated a “positive” rating and set a $17.00 price objective on shares of Kornit Digital in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Kornit Digital in a research report on Wednesday, March 25th. Three 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 has a consensus rating of “Hold” and an average target price of $20.25.

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.