Kornit Digital reported improved second-quarter 2026 revenue

Gary Pageau

Register to get 3 free articles

Support the Dead Pixels Society and get access to exclusive content by becoming a subscriber!

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Kornit Digital reported improved second-quarter 2026 revenue and profitability metrics as the company continues shifting toward a more recurring-revenue business model. Revenue increased to $55.3 million, up from $49.8 million a year earlier and above the high end of Kornit’s guidance. Annual recurring revenue reached $33.8 million, up 79% year over year, while revenue from the company’s All-Inclusive Click program increased 112%. Trailing 12-month impressions rose 15%, indicating higher utilization of Kornit systems.

“The second quarter marked another important step in Kornit’s transformation,” said Ronen Samuel, CEO, Kornit Digital. “We are delivering growth while fundamentally improving the quality of our business. Strong Annual Recurring Revenue (“ARR”) and All-Inclusive Click (“AIC”) growth, increasing customer system utilization, as well as continued positive cash flow generation, all demonstrate the growing value of our offerings. With approximately 80% of our revenues being recurring or highly recurring in nature, we have greater visibility, and our business is becoming more resilient.

“We are seeing clear momentum in the shift from analog to digital manufacturing, particularly among traditional screen printers. Approximately 60% of systems sold in both the second quarter and the first half of the year were to traditional screen printers, demonstrating the growing momentum behind the screen market’s transition from analog to digital production. With our industrial production systems, software, AI and automation, we believe Kornit is well positioned to capture this significant structural growth opportunity.”

GAAP gross margin improved to 45.3%, compared with 41.7% a year ago, while non-GAAP gross margin increased to 47.4%. Kornit posted a GAAP net loss of $11.2 million, wider than the $7.5 million loss in the year-ago quarter, but non-GAAP net income increased to $1.7 million. Adjusted EBITDA improved to $300,000 from a $1.2 million loss.

For the third quarter, Kornit expects revenue of $55 million to $60 million and an adjusted EBITDA margin between breakeven and 3%.

KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2026 2025 2026 2025
(Unaudited) (Unaudited)
Revenues
Products $ 40,047 $ 38,413 $ 75,127 $ 72,278
Services 15,272 11,341 28,732 23,933
Total revenues 55,319 49,754 103,859 96,211
Cost of revenues
Products 17,135 17,967 33,955 33,580
Services 13,120 11,043 26,450 22,087
Total cost of revenues 30,255 29,010 60,405 55,667
Gross profit 25,064 20,744 43,454 40,544
Operating expenses:
Research and development, net 9,158 9,143 18,785 18,421
Sales and marketing 18,078 14,993 31,126 29,942
General and administrative 12,713 7,474 21,927 15,118
Total operating expenses 39,949 31,610 71,838 63,481
Operating loss (14,885 ) (10,866 ) (28,384 ) (22,937 )
Financial income, net 3,920 3,465 9,476 10,848
Loss before taxes on income (10,965 ) (7,401 ) (18,908 ) (12,089 )
Taxes on income 200 117 475 488
Net loss $ (11,165 ) $ (7,518 ) $ (19,383 ) $ (12,577 )
Basic net loss per share $ (0.26 ) $ (0.17 ) $ (0.45 ) $ (0.28 )

Written by 

Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.