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Kornit Digital
(NASDAQ:KRNT)
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Rating:65Neutral
Price Target:
$19.50
▲(15.18% Upside)
Action:Reiterated
Date:08/17/26
KRNT scores as moderately attractive primarily due to strong balance-sheet quality and improving cash generation, reinforced by a positive earnings-call outlook (raised H2/full-year expectations and strong ARR/AIC momentum). The score is held back by continued operating/net losses (negative P/E) and a momentum profile that is strong but nearing overbought levels.
Positive Factors
Recurring Revenue and Customer Commitments
The expanding recurring revenue base and long-term customer commitments improve revenue visibility, increase customer retention, and reduce reliance on intermittent hardware placements as the installed base grows.
Negative Factors
Persistent Operating and Net Losses
Despite improving gross margins and adjusted EBITDA, continued operating and net losses show that the current revenue base has not yet absorbed the cost structure, leaving profitability vulnerable to execution or demand setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring Revenue and Customer Commitments
The expanding recurring revenue base and long-term customer commitments improve revenue visibility, increase customer retention, and reduce reliance on intermittent hardware placements as the installed base grows.
Read all positive factors
Kornit Digital (KRNT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$719.26M
Dividend YieldN/A
Average Volume (3M)158.78K
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue Growth3.95%
EPS Growth-87.71%
CountryUS
Employees633
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-0.47
Shares Outstanding42,966,534
10 Day Avg. Volume104,073
30 Day Avg. Volume158,778
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$23.67Price Target Upside39.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.18
Revenue Forecast (FY)$218.36M
Kornit Digital Business Overview & Revenue Model
Company Description
Kornit Digital Ltd. is a global leader in providing advanced digital printing solutions tailored for the textile industry. With a global footprint, their operations extend across North America, Europe, the Middle East, Africa, and the Asia Pacific...
How the Company Makes Money
Kornit primarily generates revenue from (1) selling digital textile printing systems and related hardware, and (2) recurring sales of proprietary consumables used with those systems, with additional revenue from services, support, and software tie...
Kornit Digital Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call was broadly positive: the company delivered a revenue beat, meaningful ARR expansion (+79% YoY), strong AIC growth (+112% YoY), sequential and year-over-year improvements in margins and four quarters of accelerating impressions growth. Cash generation remained strong ($8.5M operating cash flow; $451M liquidity), and management raised H2/full-year expectations. Offsetting items include modest absolute adjusted EBITDA ($0.3M), increased operating expenses (Konnections and FX), some margin improvement aided by a tariff refund (~$830k), and uneven demand among long-tail customers and product lines (roll-to-roll still recovering). Overall the positive execution, recurring revenue mix, cash strength and upgraded outlook outweigh the outlined challenges.Positive Updates
Revenue Beat and Year-over-Year Growth
Q2 revenue of $55.3M, up 11.2% year-over-year and above the high end of guidance.
Negative Updates
Modest Absolute Profitability
Adjusted EBITDA of $0.3M and margin of 0.6% remains small in absolute terms—profitability is improving but still limited and sensitive to near-term performance.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Beat and Year-over-Year Growth
Q2 revenue of $55.3M, up 11.2% year-over-year and above the high end of guidance.
Read all positive updates
Company Guidance
Kornit guided Q3 2026 revenue of $55–$60 million with adjusted EBITDA margin between breakeven and 3%, and said second‑half 2026 revenue should be ~15% higher than the first half—positioning the company to deliver high single‑digit revenue growth for the full year (up from the low single‑digit outlook earlier) while continuing to improve margins and generate positive operating cash flow. Management’s outlook is supported by Q2 operating metrics including revenue of $55.3M, adjusted EBITDA of $0.3M (0.6% margin), non‑GAAP gross margin of 47.4%, ARR of $33.8M (79% YoY, 26% sequential; ~$142M total contract value), All‑Inclusive Click revenue up 112% YoY (32.7% sequential), trailing‑12‑month impressions +15%, operating cash flow ≈$8.5M (11th consecutive positive quarter), cash and marketable securities ≈$451M, and $5.4M of share repurchases in the quarter (≈9.5M shares repurchased for ~$205M total, with ≈$60M remaining authorization).Kornit Digital Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 215.85M | 208.20M | 203.82M | 219.79M | 271.52M | 322.01M |
| Gross Profit | 95.13M | 92.27M | 91.76M | 66.96M | 96.50M | 151.91M |
| EBITDA | -11.76M | -756.00K | -1.67M | -48.45M | -42.67M | 22.77M |
| Net Income | -20.33M | -13.52M | -16.80M | -64.35M | -79.06M | 15.53M |
Balance Sheet | ||||||
| Total Assets | 751.35M | 770.51M | 787.48M | 865.58M | 957.67M | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 429.73M | 457.85M | 463.87M | 332.50M | 400.01M | 648.84M |
| Total Debt | 18.31M | 18.61M | 18.38M | 23.61M | 26.02M | 26.96M |
| Total Liabilities | 85.58M | 57.94M | 60.59M | 69.91M | 88.84M | 121.32M |
| Stockholders Equity | 665.78M | 712.57M | 726.90M | 795.67M | 868.82M | 919.55M |
Cash Flow | ||||||
| Free Cash Flow | 7.32M | 3.17M | 33.59M | -41.69M | -117.39M | 39.04M |
| Operating Cash Flow | 30.35M | 24.45M | 48.73M | -34.68M | -99.35M | 53.64M |
| Investing Cash Flow | 19.15M | 3.13M | 31.49M | 26.21M | -407.27M | 89.75M |
| Financing Cash Flow | -40.91M | -27.11M | -84.81M | -56.52M | -332.00K | 342.38M |
Kornit Digital Technical Analysis
Positive
16.93
Price Trends
16.13
Positive
15.93
Positive
15.08
Positive
Market Momentum
0.27
Positive
52.15
Neutral
19.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KRNT, the sentiment is Positive. The current price of 16.93 is above the 20-day moving average (MA) of 16.71, above the 50-day MA of 16.13, and above the 200-day MA of 15.08, indicating a bullish trend. The MACD of 0.27 indicates Positive momentum. The RSI at 52.15 is Neutral, neither overbought nor oversold. The STOCH value of 19.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $103.62M | 18.95 | 8.25% | ― | -3.31% | ― | |
65 Neutral | $719.26M | -35.94 | -2.94% | ― | 3.95% | -87.71% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $52.62M | 5.06 | 36.49% | ― | -44.36% | -845.20% | |
46 Neutral | $243.85M | -1.26 | 74.31% | ― | 114.81% | -404.13% | |
46 Neutral | $70.00M | -1.46 | 2279.46% | ― | -11.00% | -445.02% | |
35 Underperform | $14.82M | -0.05 | 227.38% | ― | 9927.65% | 87.32% |
* Industrials Sector Average
KRNT
Kornit Digital
16.93
1.83
12.12%
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Kornit Digital Corporate Events
Kornit Digital Tops Q2 2026 Guidance as Recurring Revenue and Screen-Printer Adoption Surge
Aug 12, 2026
Kornit Digital reported on August 12, 2026 that second-quarter 2026 revenues rose to $55.3 million, above the high end of guidance, as its business transformation toward recurring revenue accelerated and ARR reached $33.8 million, up 79% year over...
Kornit Digital Sets August 31, 2026 Date for Annual Shareholder Meeting
Jul 20, 2026
Kornit Digital Ltd., an Israel-based provider of digital printing solutions for the textile and apparel industry, files as a foreign private issuer in the U.S. and maintains a broad shareholder base subject to Israeli and U.S. corporate governance...
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.