Kornit Digital Ltd. · NASDAQ:KRNT
Kornit Digital — Q2 2026 Earnings Presentation
22 slides from Kornit Digital's earnings presentation, Aug 12, 2026
Slide 1: Second Quarter 2026 Earnings Conference Call Supporting Slides
Kornit Digital (NASDAQ: KRNT) Second Quarter 2026 Earnings Conference Call Supporting Slides August 12, 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 - Use of Non-GAAP Measures
Safe Harbor - Use of Non-GAAP Measures 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 “wi
Slide 4: Business Highlights
Business Highlights Kornit Digital. All Rights Reserved.
Slide 5: Second Quarter 2026 Recap
Second Quarter 2026 Recap Adjusted Revenue ARR TCV Impressions EBITDA $55.3m $0.3m $33.8m ~$142m +15% Y/Y +11% +$1.5m +79% +$53.6m Trailing vs Q2 2025 vs Q2 2025 vs Q2 2025 vs Q2 2025 Twelve-month Basis "These results reinforce that our strategy is working and, importantly, that the quality of our g
Slide 6: Progress Updates
Progress Updates • Healthy growth in system deliveries, expanding production footprint and installed base • Momentum from net new customers; ~40% of Q2 system sales coming from new customers • ~60% of system sales were to traditional screen printers in Q2 and first half of 2026 • Indicates transitio
Slide 7: AIC is Accelerating Adoption of On-Demand Production
AIC is Accelerating Adoption of On-Demand Production Benefits to Customer: AIC Revenues ✓ Predictable Costs With No Capital Investment Required $6.5m ✓ Incentive Pricing Above the Minimum Agreements +112% Y/Y ✓ Revenue-Cost Alignment ARR Benefits to Kornit: $33.8m ✓ Drives Utilization, Customer Rete
Slide 8: Shift to Digital
Shift to Digital • Brands, retailers, and traditional screen printers are looking for greater flexibility, shorter production runs, faster response times and manufacturing closer to the point of demand • Driving a shift to on-demand digital manufacturing from analog methods, particularly among tradi
Slide 9: Clear Proof That Transition to Digital is Underway
Clear Proof That Transition to Digital is Underway A leading U.S. A top global print-on- A leading UK print-on- A leading screen screen printer demand provider demand provider printer in India ✓ Recently added 2 Apollo ✓ Operating large fleet of ✓ Expanded from Atlas MAX ✓ Expanded from Atlas system
Slide 10: Looking Ahead
Looking Ahead • Revenue in the second half of 2026 to be ~15% higher than the first half, positioning us to deliver high single-digit revenue growth for the full year • ~80% of revenue is recurring or highly recurring in nature, generated through ARR, ink, service, and software, building resilience
Slide 11: Financial Highlights
Financial Highlights Kornit Digital. All Rights Reserved.
Slide 12: Revenues
Revenues • Q2 2026 revenues of $55.3 million vs. $49.8 million in Q2 2025 • Reflects momentum across products and services, which both benefitted from higher customer activity and expansion in utilization of installed systems Q2 2026 Revenues By Region Q2 2026 Revenues ($M) 9% $55.3 $49.8 21% 70% Am
Slide 13: Annualized Recurring Revenue & AIC Growth
Annualized Recurring Revenue & AIC Growth AIC Revenues ($M) $6.5 • Q2 2026 AIC revenues of $6.5M, up 112% Y/Y $3.1 • Exited the quarter with $33.8M in ARR, up 79% Y/Y • ~$142M in Total Contract Value (TCV) improves Q2 2025 Q2 2026 revenue predictability ARR at Quarter End ($M) $33.8 • Expanding recu
Slide 14: Gross Margins
Gross Margins Q2 2026 Overview: Non-GAAP Gross Margin • Non-GAAP gross margin of 47.4%, compared to 46.3% in Q2 2025 47.4% 46.3% • Reflects higher customer activity, increased platform utilization and the continued evolution of our revenue mix • Included a net tariff-related benefit of approximately
Slide 15: Operating Expenses
Operating Expenses • Q2 2026 Non-GAAP Operating Expenses of $28.8 million, an increase of $2.1 million year-over-year • Reflects expenses associated with Konnections conference together with FX headwinds • Maintaining discipline around cost management, while continuing to invest in key growth initia
Slide 16: Certain P&L KPI's
Certain P&L KPI’s Q2 2026 Q2 2025 Non-GAAP Operating Income (Loss) ($2.6) ($3.7) Adjusted EBITDA (Loss) $0.3 ($1.2) Non-GAAP Net Income (Loss) $1.7 $1.2 Non-GAAP Diluted EPS $0.04 $0.03 GAAP Net Income (Loss) ($11.2) ($7.5) GAAP Diluted EPS ($0.26) ($0.17) $ in millions, except per share amounts Kor
Slide 17: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow • Q2 2026 cash, including bank deposits and marketable securities: $451 million • Q2 2026 operating cash flow: $8.5 million • 11th consecutive quarter of positive operating cash flow, reflecting continued focus on working capital efficiency and disciplined financial managem
Slide 18: Share Repurchase Program
Share Repurchase Program • Q2 2026 : Repurchased $5.4 million under share repurchase program announced in 2025 • Since 2023 Launch: Repurchased 9.5 million shares for a total gross amount of ~$205 million through Q2 2026 • Capital Allocation & Outlook: Balance sheet remains a strategic asset, provid
Slide 19: Third Quarter and Second Half 2026 Guidance
Third Quarter and Second Half 2026 Guidance Q3 2026 Revenues: • Expected to be in the range of $55 million to $60 million Q3 2026 Adjusted EBITDA Margin: • Expected to be in the range of breakeven to 3% H2 2026 Guidance: • Second-half 2026 revenue expected to be ~15% higher than the first half, supp
Slide 20: Kornit Digital. All Rights Reserved.
Kornit Digital. All Rights Reserved.
Slide 21: Impressions and ARR Year-over-Year Growth
Q2 2025 Q2 2026 TTM ended TTM ended YoY Growth June 30, 2025 June 30, 2026 ~213m impressions* ~244m impressions 15% Q2 2025 Q2 2026 As of As of YoY Growth June 30, 2025 June 30, 2026 $18.9m $33.8m 79% KornitARR Digital.=AllAnnual Recurring Revenue from AIC reflects the minimum annual revenue commitm
Slide 22: Thank You!
Thank You! Kornit Digital. All Rights Reserved.