Q1 2026 Kornit Digital Ltd Earnings Call Transcript
Key Points
- Kornit Digital Ltd (KRNT) reported Q1 2026 revenues of $48.5 million, at the high end of their guidance.
- The company achieved positive operating cash flow for the 10th consecutive quarter.
- Approximately 40% of system sales in Q1 came from new customers, indicating strong market penetration.
- Kornit Digital Ltd (KRNT) showcased its new Atlas MATRIX platform, receiving positive feedback and building a meaningful backlog of orders.
- The acquisition of PrintFactory enhances Kornit Digital Ltd (KRNT)'s software, workflow, and production automation capabilities.
- Kornit Digital Ltd (KRNT) reported an adjusted EBITDA loss of $2.8 million for Q1 2026.
- Non-GAAP gross margins decreased to 41% from 45.2% in Q1 2025, impacted by FX movements and tariff-related costs.
- The strengthening of the shekel is creating pressure on the company's cost structure.
- Legal costs related to a prior class action lawsuit impacted financial performance, though largely covered by insurance.
- Despite strong revenue growth, the company continues to face challenges in maintaining profitability, with an adjusted EBITDA margin of negative 5.8%.
Greetings, and welcome to Kornit Digital's first quarter 2026 earnings conference call. As a reminder, this call is being recorded. I would now like to turn the conference over to our host, Mr. Andy Backman, Chief Capital Markets Officer for Kornit Digital. Mr. Backman, you may begin.
Thank you, operator. Good day, everyone, and welcome to Kornit Digital's first quarter 2026 earnings conference call. Joining 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 first quarter, followed by Assaf, who will review our first quarter 2026 results and provide our guidance for the second quarter 2026 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 US securities laws will be made on this call. These forward-looking statements include, but are not limited to, statements relating to the
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