Kornit Digital Ltd. (KRNT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to Cornet Digital's second quarter 2026 earnings conference call. As a reminder, this call is being recorded. I would now like to turn the conference over to Andy Backman, Chief Capital Markets Officer to Cornet Digital. Mr. Backman, please go ahead. Thank you, Operator. Good day, everyone, and welcome to Cornet Digital's second quarter 2026 earnings conference call. With me today are Ronen Samuel, Kornit's Chief Executive Officer, and Assaf Zipori, our Chief Financial Officer. For today's call, Ronen will share his overall commentary on the second quarter, followed by Assaf, who will review our results and provide guidance for our third quarter before we open up the call for Q&A. Before we begin, I would like to remind you that forward-looking statements within the meaning of the U.S. securities laws will be made on this call. These statements involve known and unknown risks and uncertainties. Ronen Samuel, Tomer Artzi, Ayelet Oryan Godard, Assaf Zipori Thank you for joining us today. The second quarter marked another important step in Kornit's transformation. We delivered revenue of $55.3 million above the high end of our guidance, generated positive adjusted EBITDA also above the high end of our guidance range, and positive operating cash flow for the 11th consecutive quarter. We also increased annual recurring revenue by $7 million bringing total ARR to 33.8 million, representing 79% year-over-year growth, while revenue from all-inclusive click model increased by 112% compared with the peer-to-peer period. In addition, trailing 12-month impression grew 15%, reflecting higher production volume across our install base. Thank you very much. Approximately 60% of system sales in both Q2 and the first half of 2026 were to traditional screen printe...