Kornit Digital Ltd. · NASDAQ:KRNT
Kornit Digital — Q1 2026 Earnings Presentation
21 slides from Kornit Digital's earnings presentation, May 13, 2026
Slide 1: First Quarter 2026 Earnings Conference Call
KornitDigital (NASDAQ: KRNT) First Quarter 2026 Earnings Conference Call Supporting Slides May 13, 2026 Kornit Digital. All Rights Reserved.
Slide 2: On Today's Call
On Today’s Call Ronen Samuel Assaf Zipori Andy Backman CEO CFO Chief Capital Markets Officer Kornit Digital. All Rights Reserved.
Slide 3: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipate
Slide 4: Business Highlights
Business Highlights Kornit Digital. All Rights Reserved.
Slide 5: First Quarter 2026 Recap
First Quarter 2026 Recap Revenues Adjusted EBITDA Loss Impressions Growth $48.5m $2.8m +12% Y/Y At High End Of Guidance Positive Operating Cash Flow Trailing Twelve-month Basis “Q1 was a strong start to the year and a clear proof point that our strategy is translating into execution and measurable r
Slide 6: Progress Updates
Progress Updates • Momentum from net new customers transitioning from traditional screen printing to digital production o ~40% of Q1 system sales were from new customers; ~65% from traditional screen printing customers targeting long-run production • Relatively new existing customers already expandi
Slide 7: Konnections 2026
Konnections 2026 Atlas MATRIX System PrintFactory Acquisition • Single platform capable of producing across • Accelerates strategy to connect workflow, cotton, polyester, and blended fabrics production and fulfillment into a scalable digital manufacturing ecosystem • Expands addressable market into
Slide 8: Progress Updates
Progress Updates • Introduced Presto MAX PLUS for the first time at Texprocess in Frankfurt; Level of interest was extremely high • Brings digital production capabilities into high-performance applications like footwear, technical apparel, camouflage, performance wear, home décor, and other applicat
Slide 9: Looking Ahead
Looking Ahead • Q1 momentum is continuing into Q2, supported by growing pipeline, backlog, and customer activity • Better visibility and confidence looking toward the second half of 2026 • Producing tangible results after two years of stabilizing the business, strengthening foundation, and redefinin
Slide 10: Financial Highlights
Financial Highlights Kornit Digital. All Rights Reserved.
Slide 11: Revenues
Revenues • Q1 2026 revenues of $48.5 million vs. $46.5 million in Q1 2025 • Top end of guidance range reflects continued momentum across products and services, supported by growing customer activity and expansion across installed base Q1 2026 Revenues By Region Q1 2026 Revenues ($M) $48.5 12% $46.5
Slide 12: Annualized Recurring Revenue & AIC Growth
Annualized Recurring Revenue & AIC Growth AIC Revenues ($M) $4.9 $2.4 • Q1 2026 AIC revenues of ~$4.9M, up ~103% Y/Y • Exited the quarter with ~$26.8M in ARR from AIC Q1 2025 Q1 2026 • Entered Q2 with stronger backlog, pipeline and ARR at Quarter End ($M) customer activity level $26.8 $24.8 $18.9 $2
Slide 13: Gross Margins
Gross Margins Q1 2026 Overview: Non-GAAP Gross Margin • Non-GAAP gross margin of 41.0%, compared to 45.2% 45.2% in Q1 2025 41.0% • Reflects higher mix of systems and services relative to consumables, driven by normal seasonality patterns • Includes 190 BPS year-over-year impact from FX movements and
Slide 14: Operating Expenses
Operating Expenses • Q1 2026 Non-GAAP Operating Expenses of $25.5 million, down 7% year-over-year • Includes unfavorable $2.0 million impact from FX due to shekel strengthening • Maintaining discipline around cost management, while continuing to invest in key growth initiatives, innovation roadmap a
Slide 15: P&L KPI's
P&L KPI’s Q1 2026 Q1 2025 Non-GAAP Operating Income (Loss) ($5.6) ($6.4) Adjusted EBITDA (Loss) ($2.8) ($3.9) Non-GAAP Net Income (Loss) ($0.4) $0.6 Non-GAAP Diluted EPS ($0.01) $0.01 GAAP Net Income (Loss) ($8.2) ($5.1) GAAP EPS ($0.19) ($0.11) $ in millions, except per share amounts Kornit Digital
Slide 16: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow • Q1 2026 cash, including bank deposits and marketable securities: ~$462.2 million • Q1 2026 operating cash flow: $6.3 million • 10th consecutive quarter of positive operating cash flow, reflecting continued focus on working capital efficiency and disciplined financial mana
Slide 17: Share Repurchase Program
Share Repurchase Program • Q1 2026 : Repurchased just over $30 million, under the $100 million repurchase program announced in 2025 • Since 2023 Launch: Repurchased 9.1 million shares for a total gross amount of ~$200 million through Q1 2026 • Capital Allocation & Outlook: Balance sheet remains stro
Slide 18: Second Quarter 2026 Guidance
Second Quarter 2026 Guidance Q2 2026 Revenues: • Expected to be in the range of $51 million to $55 million Q2 2026 Adjusted EBITDA margin: • Expected to be in the range of negative 5% to breakeven • Includes continued investment in strategic initiatives, including Konnections 2026 and ongoing FX pre
Slide 19: Reconciliation of GAAP Net Loss to Adjusted EBITDA
KORNIT DIGITAL LTD. AND ITS SUBSIDIARIES RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA (U.S. dollars in thousands, except share and per share data) Three Months Ended March 31, 2026 2025 (Unaudited) GAAP Revenues $ 48,540 $ 46,457 GAAP loss (8,221) (5,059) Taxes on income 275 371 Financial inco
Slide 20: Impressions Growth and ARR from AIC
Q1 2025 Q1 2026 YoY Growth TTM ended March 31, 2025 TTM ended March 31, 2026 ~222m impressions ~248m impressions 12% Q1 2026 As of March 31, 2026 $26.8m *ARR from AIC reflects the minimum annual revenue commitment derived from all systems shipped under the AIC model Kornit Digital. All Rights Reserv
Slide 21: Thank You!
Thank You! Kornit Digital. All Rights Reserved.