Kornit Digital Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 revenue and profitability exceeded guidance, driven by strong recurring revenue growth and rapid adoption of digital production, especially among traditional screen printers. The outlook calls for continued revenue and margin expansion in the second half, supported by a robust pipeline and new product launches.
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Q1 2026 delivered strong revenue at $48.5M, improved EBITDA loss, and positive cash flow, driven by growth in AIC and new product launches. Guidance for Q2 anticipates further revenue and margin improvement, with robust pipeline and expanding addressable markets.
Fiscal Year 2025
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Achieved revenue growth and strong cash flow in 2025, driven by AIC adoption and digital transition. 2026 guidance calls for low single-digit growth, improved profitability, and continued expansion in recurring revenues, with new technologies expected to boost Roll-to-Roll and footwear segments.
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Q3 2025 revenue grew 5% year-over-year to $53.1 million, driven by recurring AIC model growth and consumables, with EBITDA margin at 2%. The company is accelerating its shift to recurring revenue, launching digital footwear, and expects low single-digit revenue growth but strong EBITDA expansion in 2026.
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Q2 2025 revenue reached $49.8 million, with system sales and AIC driving growth despite softer consumable and service revenues due to inventory normalization. ARR increased to $19 million, and the company is accelerating digital transformation in the screen printing market while maintaining strong cash reserves and targeting profitability for the year.
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Fashion is experiencing a digital and on-demand revolution, with technology and consumer trends driving rapid change. New business models and digital printing solutions are enabling agility, sustainability, and expansion into new markets, while recurring revenue and SaaS adoption accelerate growth.
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Revenue and margins improved in Q1 2025, with strong recurring revenue growth and positive cash flow. Apollo system adoption and AIC contracts are accelerating, supported by strategic partnerships and industry shifts to on-demand production.
Fiscal Year 2024
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Returned to profitability in 2024 with strong Q4 results, improved margins, and robust cash flow. Innovation and expansion into new markets, especially with Apollo and AIC models, set the stage for profitable growth in 2025, despite macro uncertainties.
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Q3 2024 saw revenue of $50.7M, gross margin over 50%, and positive EBITDA, reflecting cost discipline and operational gains. The AIC model and Apollo system are driving recurring revenue and digital transformation, with Q4 and 2025 guidance indicating continued growth.
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The event detailed a strategic shift to on-demand, sustainable digital production, driven by MAX and Apollo technologies, the AIC business model, and expansion into new markets like home decor and footwear. Financial targets include mid-teens CAGR, 55% gross margin, and a $100M share repurchase.
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Q2 revenue reached $48.6M with improved margins and positive cash flow, driven by consumables growth and cost savings. The AIC model and Apollo system are gaining traction, supporting a 20–25% sales increase in H2 and a positive full-year outlook.
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The textile industry is rapidly shifting to on-demand, sustainable production, with new digital printing technology enabling faster, more flexible, and eco-friendly manufacturing. Recurring revenue is rising through innovative business models, and profitability is expected to improve in 2024.