Kornit Digital Ltd. (KRNT) Form 6-K — Aug 12, 2026
Kornit Digital reported second quarter 2026 results on August 12, 2026, with total revenues of $55.3 million, up from $49.8 million a year earlier and above the high end of the company's guidance. Recurring revenue was the standout: annual recurring revenue reached $33.8 million, up 79% year-over-year, AIC revenues grew 112% year-over-year to $6.5 million, and approximately 60% of systems sold went to traditional screen printers converting from analog to digital production.
Key figures
- Eps
- -$0.26 GAAP diluted; $0.04 non-GAAP diluted (vs -$0.17 GAAP / $0.03 non-GAAP prior year)
- Revenue
- $55.3 million (Q2 2026 total revenues)
- Guidance
- Q3 2026 revenue of $55-60 million and adjusted EBITDA margin between breakeven and 3%; H2 2026 revenue expected ~15% above H1, supporting high single-digit full-year revenue growth
- Net Income
- -$11.2 million GAAP net loss (vs -$7.5 million prior year); $1.7 million non-GAAP net income (vs $1.2 million prior year)
- Revenue Yoy
- +11% vs $49.8 million in Q2 2025
- Total Assets
- $751.4 million
- Cash Position
- $450.9 million in cash, bank deposits and marketable securities ($33.8 million cash and cash equivalents)
- Arr
- $33.8 million at quarter end, +79% YoY vs $18.9 million
- Aic revenues
- $6.5 million, +112% YoY
- Gross margins
- GAAP 45.3% (vs 41.7%); non-GAAP 47.4% (vs 46.3%)
- Tariff benefit
- ~$830,000 net benefit in gross margins driven by a $2 million tariff refund
- Adjusted ebitda
- $0.3 million (0.6% margin) vs -$1.2 million (-2.3% margin) in Q2 2025
- Ttm impressions
- ~244 million, +15% YoY
- Acquisition spend
- $5.8 million cash paid for acquisition, net of cash acquired, in Q2 2026
- Revenue by region
- Americas 70%, EMEA 21%, Asia Pacific 9%
- Share repurchases
- $5.4 million in Q2 under Nov 2025 $100M program; ~$205 million total (9.5 million shares) repurchased since 2023 against $275 million authorized
- Operating cash flow
- $8.5 million, 11th consecutive positive quarter
- Total contracted value
- ~$142 million, +$53.6 million vs Q2 2025
- Class action legal fees
- $5.1 million in Q2 GAAP operating expenses ($7.1 million in H1)
- Recurring revenue share
- ~80% of revenue recurring or highly recurring in nature
- Screen printer penetration
- ~60% of systems sold in Q2 and H1 2026 were to traditional screen printers
AI analysis
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