Kornit Digital Ltd. (KRNT)
NASDAQ:KRNT
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Kornit Digital
(NASDAQ:KRNT)
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Rating:62Neutral
Price Target:
$17.00
▲(3.85% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by improving (but still mixed) financial performance—strong balance sheet and better cash generation offset by flat revenue and ongoing losses—alongside a constructive earnings-call outlook with recurring-revenue momentum. Technicals are broadly neutral, while valuation is constrained by a negative P/E and no stated dividend yield.
Positive Factors
Balance Sheet Strength
Extremely low leverage (debt-to-equity ~0.03) gives Kornit durable financial flexibility to fund R&D, M&A or absorb cyclical weakness without refinancing pressure. This reduces liquidation risk and supports multi-quarter investment in product/platform rollouts necessary for durable growth.
Negative Factors
Stalled Top-line Growth
Revenue stabilization (+2% TTM) after multi-year declines signals limited top-line momentum. Durable value creation depends on sustained re-acceleration from new products, AIC adoption and market conversions; flat sales raise execution risk if adoption or conversion rates slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Extremely low leverage (debt-to-equity ~0.03) gives Kornit durable financial flexibility to fund R&D, M&A or absorb cyclical weakness without refinancing pressure. This reduces liquidation risk and supports multi-quarter investment in product/platform rollouts necessary for durable growth.
Read all positive factors
Kornit Digital (KRNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$676.11M
Dividend YieldN/A
Average Volume (3M)315.95K
Price to Earnings (P/E)―
Beta (1Y)1.90
Revenue Growth1.67%
EPS Growth-100.97%
CountryUS
Employees715
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.38
Shares Outstanding46,340,477
10 Day Avg. Volume578,130
30 Day Avg. Volume315,949
Financial Highlights & Ratios
PEG Ratio3.36
Price to Book (P/B)0.91
Price to Sales (P/S)3.11
P/FCF Ratio204.08
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue3.16
Enterprise Value/Gross Profit7.31
Enterprise Value/Ebitda-28.67
Forecast
1Y Price Target
$25.17Price Target Upside53.74% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.19
Revenue Forecast (FY)$216.99M
Kornit Digital Business Overview & Revenue Model
Company Description
Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationall...
How the Company Makes Money
Kornit Digital primarily makes money by selling digital textile printing equipment and by generating recurring revenue from customers who operate that installed base.
1) Equipment (systems) revenue: A major source of revenue comes from the sale o...
Kornit Digital Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum: revenue at the top of guidance, double-digit impression growth, rapid AIC/ARR expansion, product innovation (Atlas MATRIX, Presto Max Plus, Apollo) with strong customer response, and sustained positive operating cash flow and balance sheet strength. Near-term challenges include gross margin compression (mix, FX and tariffs), ongoing FX headwinds, a remaining adjusted EBITDA loss (though improved) and typical seasonality with more meaningful margin improvement expected in H2. Overall, the positives around revenue trajectory, recurring revenue growth, product breakthroughs and cash generation materially outweigh the near-term margin and FX headwinds.Positive Updates
Strong AIC / Recurring Revenue Momentum
AIC revenue increased approximately 103% year-over-year; added ARR of ~ $2.1 million in Q1 and ended the quarter with about $27 million in ARR, with management expecting a meaningful step-up in ARR in Q2 and continued acceleration into H2.
Negative Updates
Gross Margin Compression
Non-GAAP gross margin declined to 41.0% in Q1 2026 from 45.2% in Q1 2025 (down ~420 basis points). Management cited a higher mix of systems and services vs. consumables, FX (shekel strengthening) and certain tariff-related costs, with FX/tariffs reducing margins by ~190 basis points YoY.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong AIC / Recurring Revenue Momentum
AIC revenue increased approximately 103% year-over-year; added ARR of ~ $2.1 million in Q1 and ended the quarter with about $27 million in ARR, with management expecting a meaningful step-up in ARR in Q2 and continued acceleration into H2.
Read all positive updates
Company Guidance
Kornit's Q2 guidance calls for revenue of $51–$55 million and an adjusted EBITDA margin between -5% and breakeven, reflecting continued investments (including Connections 2026) and some FX pressure from a stronger shekel; this builds on Q1 results of $48.5M revenue (top of guidance), an adjusted EBITDA loss of $2.8M (adjusted EBITDA margin -5.8%), non‑GAAP gross margin of 41%, AIC revenue up ~103% YoY, impressions up ~12% on a trailing‑12‑month basis, and ARR of ~ $27M (Q1 ARR add ~$2.1M). Management expects Q2 gross‑margin improvement and a more meaningful setup in H2 driven by higher utilization, growing recurring AIC revenues and operating leverage, continued sequential growth in AIC revenue and ARR (a meaningful step‑up expected in Q2 and acceleration into H2), ongoing positive operating cash flow ($6.3M in Q1, 10th consecutive quarter) and a strong cash balance (~$462.2M) to fund growth while remaining disciplined on OpEx.Kornit Digital Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 210.28M | 208.20M | 203.82M | 219.79M | 271.52M | 322.01M |
| Gross Profit | 90.81M | 92.27M | 91.76M | 66.96M | 96.50M | 151.91M |
| EBITDA | -23.15M | -22.68M | -24.27M | -72.83M | -56.32M | 19.89M |
| Net Income | -16.68M | -13.52M | -16.80M | -64.35M | -79.06M | 15.53M |
Balance Sheet | ||||||
| Total Assets | 741.16M | 770.51M | 787.48M | 865.58M | 957.67M | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 438.54M | 457.85M | 463.87M | 332.50M | 400.01M | 648.84M |
| Total Debt | 18.23M | 18.61M | 18.38M | 23.61M | 26.02M | 26.96M |
| Total Liabilities | 64.70M | 57.94M | 60.59M | 69.91M | 88.84M | 121.32M |
| Stockholders Equity | 676.47M | 712.57M | 726.90M | 795.67M | 868.82M | 919.55M |
Cash Flow | ||||||
| Free Cash Flow | 3.48M | 3.17M | 33.59M | -41.69M | -117.39M | 39.04M |
| Operating Cash Flow | 25.62M | 24.45M | 48.73M | -34.68M | -99.35M | 53.64M |
| Investing Cash Flow | 6.32M | 3.13M | 31.49M | 26.21M | -407.27M | 89.75M |
| Financing Cash Flow | -57.16M | -27.11M | -84.81M | -56.52M | -332.00K | 342.38M |
Kornit Digital Technical Analysis
Negative
16.37
Price Trends
15.34
Negative
15.00
Negative
14.55
Positive
Market Momentum
-0.30
Positive
39.54
Neutral
7.41
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KRNT, the sentiment is Negative. The current price of 16.37 is above the 20-day moving average (MA) of 15.55, above the 50-day MA of 15.34, and above the 200-day MA of 14.55, indicating a neutral trend. The MACD of -0.30 indicates Positive momentum. The RSI at 39.54 is Neutral, neither overbought nor oversold. The STOCH value of 7.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KRNT.
Kornit Digital Risk Analysis
Kornit Digital disclosed 44 risk factors in its most recent earnings report. Kornit Digital reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
1.
Our results of operations depend in part on achieving market acceptance for our new products. Q4, 2023
Kornit Digital Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $91.04M | -24.52 | 7.92% | ― | 9.07% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $676.11M | -19.72 | -2.38% | ― | 1.67% | -100.97% | |
58 Neutral | $40.32M | -4.28 | -14.58% | ― | -36.20% | -4349.51% | |
| ― | $35.25M | -11.39 | 225.49% | ― | 595.90% | 80.30% | |
41 Neutral | $34.63M | -1.51 | -681.39% | ― | 144.26% | -108.38% |
* Industrials Sector Average
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Kornit Digital Corporate Events
Kornit Digital Posts Q1 2026 Revenue at Top of Guidance as Recurring AIC Sales Double
May 13, 2026
Kornit Digital reported first-quarter 2026 results on May 13, 2026, posting revenue of $48.5 million, at the top end of its guidance and up from $46.5 million a year earlier, with trailing twelve‑month print impressions rising about 12% as t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.