UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number 001-36903
KORNIT DIGITAL LTD.
(Translation of Registrant’s name into English)
12 Ha’Amal Street
Park Afek
Rosh Ha’Ayin 4824096 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
Results of Operations and Financial Condition— Quarter Ended March 31, 2026
On May 13, 2026, Kornit Digital Ltd. (“Kornit”) issued a press release entitled “Kornit Digital Reports First Quarter 2026 Results,” in which Kornit reported its results of operations for the first quarter ended March 31, 2026. A copy of that press release is furnished as Exhibit 99.1 hereto.
Kornit is holding a conference call on May 13, 2026, to discuss its results for the quarter ended March 31, 2026, and, in connection with that call, will make available to its investors a slide presentation to provide additional information regarding its business and its financial results. That slide presentation is attached as Exhibit 99.2 to this Report of Foreign Private Issuer on Form 6-K (this “Form 6-K”) and is incorporated herein by reference.
Exhibits
Incorporation by Reference
The U.S. GAAP financial information contained in the (i) consolidated balance sheets, (ii) consolidated statements of operations and (iii) consolidated statements of cash flows included in the press release attached as Exhibit 99.1 to this Form 6-K is hereby incorporated by reference into Kornit’s Registration Statements on Form S-8 (File No.’s 333-203970, 333-214015, 333-217039, 333-223794, 333-230567, 333-237346, 333-254749, 333-263975, 333-286158 and 333-294642).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| KORNIT DIGITAL LTD. | ||
| Date: May 13, 2026 | By: | /s/ Assaf Zipori |
| Name: | Assaf Zipori | |
| Title: | Chief Financial Officer | |
2
Exhibit 99.1
Kornit Digital Reports First Quarter 2026 Results
Total Revenues of $48.5 million, at Top End of Guidance Range
Trailing
Twelve-Month Impressions Up Approximately 12% Year Over Year, Driven by
Continued Screen-to-Digital Shift
AIC Revenues Increased Approximately 103% Year Over Year
Delivered Positive Operating Cash Flow for Tenth Consecutive Quarter
Strong Customer Response and Growing Atlas MATRIX Backlog Reinforce Expansion of Digital Production at Scale
Enters Second
Quarter with Strengthening Momentum, Improved Visibility
and Continued AIC Transition
Rosh-Ha`Ayin, Israel – May 13, 2026 – Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a global leader in sustainable, on-demand, digital fashion and textile production, today reported financial results for the first quarter ended March 31, 2026. The results reflect the Company’s continued progress in expanding digital production into scaled manufacturing environments, advancing the transition toward recurring revenues through the Company’s All-Inclusive Click (“AIC”) model, and strengthening its position as a technology and platform leader for the global textile and apparel industry.
“The first quarter marked a strong start to the year and clear evidence that our strategy is translating into execution and measurable results,” said Ronen Samuel, Chief Executive Officer of Kornit Digital. “We delivered revenue at the top end of our guidance range and generated positive operating cash flow for the tenth consecutive quarter. Impressions growth remained strong, driven by higher utilization across our installed base and the ongoing shift from screen to digital production. At the same time, we continued expanding customer adoption of our AIC model and strengthening our recurring revenue foundation. We entered 2026 with a clear roadmap around innovation, workflow and platform expansion, and we are executing against it.”
Mr. Samuel continued, “Konnections 2026 was a defining moment for Kornit and for the broader industry. Strong customer response to Atlas MATRIX, including a meaningful backlog of new and upgrade orders, reinforces that on-demand digital production is rapidly expanding beyond short-run customization into scaled production and manufacturing environments. We are seeing similar momentum around Apollo and increasing interest in connected workflow and automation capabilities following the PrintFactory acquisition. Atlas MATRIX, powered by Kornit’s unique Karbon Shield technology, significantly expands digital production into polyester, sportswear and performance applications by overcoming dye migration challenges that historically limited digital production in these categories. At Texprocess in Frankfurt, we further expanded our platform with the unveiling of Presto MAX PLUS. Powered by our new DuraTech architecture, the platform opens new applications and markets that historically were impossible to address with digital production, including footwear, technical apparel, camouflage, performance wear, home décor and additional high-performance applications.”
Mr. Samuel concluded, “We are focused on converting this momentum into profitable growth, and with a solid first quarter carrying into the second, our growing pipeline, backlog and customer activity provide better visibility into the second half of the year and confidence in our trajectory for 2026 and beyond. Most importantly, we are executing consistently and building the foundation to scale.”
First Quarter 2026 Results of Operations
| ● | Total revenue for the first quarter of 2026 increased to $48.5 million compared with $46.5 million in the prior year period. |
| ● | AIC revenues increased approximately 103% year over year. |
| ● | ARR at the end of the first quarter was approximately $26.8 million compared with $14.5 million at the end of the prior year period. |
| ● | GAAP gross profit margin for the first quarter of 2026 was 37.9% compared with 42.6% in the prior year period. On a non-GAAP basis, gross profit margin was 41.0% compared with 45.2% in the prior year period. |
| ● | GAAP operating expenses for the first quarter of 2026 were $31.9 million, in line with $31.9 million in the prior year period. On a non-GAAP basis, operating expenses were $25.5 million compared with $27.4 million in the prior year period. |
| ● | GAAP net loss for the first quarter of 2026 was $8.2 million, or ($0.19) per diluted share, compared with net loss of $5.1 million, or ($0.11) per diluted share, in the prior year period. |
| ● | Non-GAAP net loss for the first quarter of 2026 was $0.4 million, or ($0.01) per diluted share, compared with non-GAAP net income of $0.6 million, or $0.01 per diluted share, in the prior year period. |
| ● | Adjusted EBITDA loss for the first quarter of 2026 improved to $2.8 million compared with adjusted EBITDA loss of $3.9 million for the first quarter of 2025. Adjusted EBITDA margin for the first quarter of 2026 was negative 5.8% compared with negative 8.4% in the prior year period. |
Second Quarter 2026 Guidance
For the second quarter of 2026, the Company currently expects revenues to be in the range of $51 million to $55 million and an adjusted EBITDA margin to be between negative 5% and breakeven.
Earnings Conference Call Information
The Company will host a conference call today, May 13, 2026, at 8:30 a.m. ET, or 3:30 p.m. Israel time, to discuss the results, followed by a question-and-answer session with the investor community.
A live webcast of the call can be accessed at ir.kornit.com. To access the call, participants may dial toll-free at 1-877-407-0792 or 1-201-689-8263. The toll-free Israeli number is 1 809 406 247.
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To listen to a replay of the conference call, dial toll-free 1-844-512-2921 or 1-412-317-6671 and enter confirmation code 13759148. The telephone replay will be available approximately three hours after the completion of the live call until 11:59 pm ET on Wednesday, May 27, 2026. The call will also be available for replay via the webcast link on Kornit’s Investor Relations website.
About Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The Company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries. To learn more, visit www.kornit.com.
Forward Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “believes,” “intends,” “planned,” or other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, including with respect to the Company’s AIC program, statements regarding the Company’s results of operations and financial condition, including the Company’s guidance for the second quarter of 2026, and all statements that address developments that the Company expects or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company’s degree of success in developing, introducing and selling new or improved products and product enhancements including, specifically, the Company’s Poly Pro and Presto products, and the Company’s Apollo direct-to-garment platform; the extent of the Company’s ability to increase sales of its systems, ink and consumables; the extent of the Company’s ability to continue to grow customer adoption of the AIC model; the development of the market for digital textile printing generally; the Company’s securities class action litigation expenses; and those additional factors referred to under “Risk Factors” in Item 3.D of the Company’s Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 26, 2026. Any forward-looking statements in this press release are made as of the date hereof, and will not be updated by the Company, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP Discussion Disclosure
The Company presents certain non-GAAP financial measures in this press release and in the accompanying conference call to discuss the Company’s quarterly results. These non-GAAP financial measures reflect adjustments to corresponding GAAP financial measures in order to exclude the impact of the following: share-based compensation expenses; amortization of intangible assets; restructuring expenses; foreign exchange differences associated with ASC 842; and non-cash deferred tax income.
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The Company defines “Adjusted EBITDA” as non-GAAP operating income (loss), which reflects the adjustments described in the preceding paragraph to the Company’s GAAP net income (loss), as further adjusted to exclude depreciation expense.
The purpose of the foregoing non-GAAP financial measures is to convey the Company’s performance exclusive of non-cash charges and other items that are considered by management to be outside of the Company’s core operating results. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Furthermore, the non-GAAP measures are regularly used internally to understand, manage, and evaluate the Company’s business and make operating decisions, and the Company believes that they are useful to investors as a consistent and comparable measure of the ongoing performance of the Company’s business. The Company’s non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. Additionally, these non-GAAP financial measures may differ materially from the non-GAAP financial measures used by other companies.
The reconciliation tables included below present a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measures for our results for the first quarter of 2026. We have not provided, however, in this press release guidance for our expected GAAP net loss margin in the second quarter of 2026, or a reconciliation of our guidance for Adjusted EBITDA margin in the second quarter of 2026 to the most directly comparable GAAP financial measure for that quarter (i.e., GAAP net loss margin), as the information needed to provide that GAAP guidance and that reconciliation is not available to us without unreasonable effort or with reasonable certainty from a quantitative perspective. We expect that the foregoing missing information related to our outlook on a GAAP basis for the second quarter of 2026 is likely to yield significant changes relative to our non-GAAP outlook in respect of the subject financial measure.
Investor Contact
Andrew G. Backman
Chief Capital Markets Officer
Andrew.Backman@kornit.com
4
KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands)
| (U.S. dollars in thousands) | March 31, | December 31, | ||||||
| 2026 | 2025 | |||||||
| (Unaudited) | (Audited) | |||||||
| ASSETS | ||||||||
| CURRENT ASSETS: | ||||||||
| Cash and cash equivalents | $ | 30,664 | $ | 35,476 | ||||
| Short-term bank deposit | 358,796 | 368,446 | ||||||
| Marketable securities | 49,084 | 53,926 | ||||||
| Trade receivables, net | 48,906 | 60,796 | ||||||
| Inventory | 53,992 | 47,211 | ||||||
| Other accounts receivable and prepaid expenses | 31,821 | 29,661 | ||||||
| Total current assets | 573,263 | 595,516 | ||||||
| LONG-TERM ASSETS: | ||||||||
| Marketable securities | 23,614 | 33,332 | ||||||
| Severance pay fund | 388 | 385 | ||||||
| Property,plant and equipment, net | 69,045 | 69,492 | ||||||
| Operating lease right-of-use assets | 16,903 | 17,174 | ||||||
| Intangible assets, net | 10,310 | 9,429 | ||||||
| Goodwill | 29,164 | 29,164 | ||||||
| Other long-term assets | 18,475 | 16,018 | ||||||
| Total long-term assets | 167,899 | 174,994 | ||||||
| Total assets | 741,162 | 770,510 | ||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| CURRENT LIABILITIES: | ||||||||
| Trade payables | 8,476 | 6,059 | ||||||
| Employees and payroll accruals | 12,785 | 13,214 | ||||||
| Deferred revenues and advances from customers | 1,527 | 1,529 | ||||||
| Operating lease liabilities | 3,997 | 3,886 | ||||||
| Other payables and accrued expenses | 20,856 | 17,305 | ||||||
| Total current liabilities | 47,641 | 41,993 | ||||||
| LONG-TERM LIABILITIES: | ||||||||
| Accrued severance pay | 1,261 | 1,155 | ||||||
| Operating lease liabilities | 14,230 | 14,727 | ||||||
| Other long-term liabilities | 1,565 | 62 | ||||||
| Total long-term liabilities | 17,056 | 15,944 | ||||||
| SHAREHOLDERS’ EQUITY | 676,465 | 712,573 | ||||||
| Total liabilities and shareholders’ equity | $ | 741,162 | $ | 770,510 | ||||
5
KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| (Unaudited) | ||||||||
| Revenues | ||||||||
| Products | $ | 35,080 | $ | 33,865 | ||||
| Services | 13,460 | 12,592 | ||||||
| Total revenues | 48,540 | 46,457 | ||||||
| Cost of revenues | ||||||||
| Products | 16,820 | 15,613 | ||||||
| Services | 13,331 | 11,044 | ||||||
| Total cost of revenues | 30,151 | 26,657 | ||||||
| Gross profit | 18,389 | 19,800 | ||||||
| Operating expenses: | ||||||||
| Research and development, net | 9,627 | 9,278 | ||||||
| Sales and marketing | 13,050 | 14,949 | ||||||
| General and administrative | 9,214 | 7,644 | ||||||
| Total operating expenses | 31,891 | 31,871 | ||||||
| Operating loss | (13,502 | ) | (12,071 | ) | ||||
| Financial income, net | 5,556 | 7,383 | ||||||
| Loss before taxes on income | (7,946 | ) | (4,688 | ) | ||||
| Taxes on income | 275 | 371 | ||||||
| Net loss | $ | (8,221 | ) | $ | (5,059 | ) | ||
| Basic net loss per share | $ | (0.19 | ) | $ | (0.11 | ) | ||
| Weighted average number of shares | ||||||||
| used in computing basic net loss per share | 44,233,446 | 45,801,003 | ||||||
| Diluted loss per share | $ | (0.19 | ) | $ | (0.11 | ) | ||
| Weighted average number of shares | ||||||||
| used in computing diluted net loss per share | 44,233,446 | 45,801,003 | ||||||
6
KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| (Unaudited) | ||||||||
| Revenues | $ | 48,540 | $ | 46,457 | ||||
| GAAP cost of revenues | $ | 30,151 | $ | 26,657 | ||||
| Cost of product recorded for share-based compensation (1) | (441 | ) | (519 | ) | ||||
| Cost of service recorded for share-based compensation (1) | (354 | ) | (395 | ) | ||||
| Intangible assets amortization on cost of product (2) | (148 | ) | (148 | ) | ||||
| Intangible assets amortization on cost of service (2) | (160 | ) | (160 | ) | ||||
| Restructuring expenses (3) | (168 | ) | - | |||||
| Tariff (6) | (228 | ) | - | |||||
| Non-GAAP cost of revenues | $ | 28,652 | $ | 25,435 | ||||
| GAAP gross profit | $ | 18,389 | $ | 19,800 | ||||
| Gross profit adjustments | 1,499 | 1,222 | ||||||
| Non-GAAP gross profit | $ | 19,888 | $ | 21,022 | ||||
| GAAP operating expenses | $ | 31,891 | $ | 31,871 | ||||
| Share-based compensation (1) | (3,927 | ) | (4,406 | ) | ||||
| Intangible assets amortization (2) | (74 | ) | (74 | ) | ||||
| Restructuring expenses (3) | (143 | ) | - | |||||
| M&A-related costs (4) | (235 | ) | - | |||||
| Class action - legal fees (5) | (2,029 | ) | - | |||||
| Non-GAAP operating expenses | $ | 25,483 | $ | 27,391 | ||||
| GAAP Financial income, net | $ | 5,556 | $ | 7,383 | ||||
| Foreign exchange income associated with ASC 842 | (133 | ) | (43 | ) | ||||
| Non-GAAP Financial income , net | $ | 5,423 | $ | 7,340 | ||||
| GAAP Taxes on income | $ | 275 | $ | 371 | ||||
| Non-GAAP Taxes on income | $ | 275 | $ | 371 | ||||
| GAAP Net loss | $ | (8,221 | ) | $ | (5,059 | ) | ||
| Share-based compensation (1) | 4,722 | 5,320 | ||||||
| Intangible assets amortization (2) | 382 | 382 | ||||||
| Restructuring expenses (3) | 311 | - | ||||||
| Foreign exchange income associated with ASC 842 | (133 | ) | (43 | ) | ||||
| M&A-related costs (4) | 235 | - | ||||||
| Class action - legal fees (5) | 2,029 | - | ||||||
| Tariff (6) | 228 | - | ||||||
| Non-GAAP net income (loss) | $ | (447 | ) | $ | 600 | |||
| GAAP diluted loss per share | $ | (0.19 | ) | $ | (0.11 | ) | ||
| Non-GAAP diluted income (loss) per share | $ | (0.01 | ) | $ | 0.01 | |||
| Weighted average number of shares | ||||||||
| Shares used in computing GAAP diluted net income (loss) per share | 44,233,446 | 45,801,003 | ||||||
| Shares used in computing Non-GAAP diluted net income per share | 44,233,446 | 46,355,596 | ||||||
| (1) Share-based compensation | ||||||||
| Cost of product revenues | $ | 441 | $ | 519 | ||||
| Cost of service revenues | 354 | 395 | ||||||
| Research and development | 945 | 1,202 | ||||||
| Sales and marketing | 1,508 | 1,537 | ||||||
| General and administrative | 1,474 | 1,667 | ||||||
| $ | 4,722 | $ | 5,320 | |||||
| (2) Intangible assets amortization | ||||||||
| Cost of product revenues | $ | 148 | $ | 148 | ||||
| Cost of service revenues | 160 | 160 | ||||||
| Sales and marketing | 74 | 74 | ||||||
| $ | 382 | $ | 382 | |||||
| (3) Restructuring expenses | ||||||||
| Cost of service revenues | $ | 168 | $ | - | ||||
| Research and development | 87 | - | ||||||
| Sales and marketing | 44 | - | ||||||
| General and administrative | 12 | - | ||||||
| $ | 311 | $ | - | |||||
| (4) M&A-related costs | ||||||||
| General and administrative | $ | 235 | $ | - | ||||
| (5) Class action - legal fees | ||||||||
| General and administrative | $ | 2,029 | $ | - | ||||
| (6) Tariff | ||||||||
| Cost of product revenues | $ | 228 | $ | - | ||||
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KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(U.S. dollars in thousands)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| (Unaudited) | ||||||||
| Cash flows from operating activities: | ||||||||
| Net loss | $ | (8,221 | ) | $ | (5,059 | ) | ||
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 3,172 | 2,846 | ||||||
| Share-based compensation | 4,722 | 5,320 | ||||||
| Amortization of premium and accretion of discount on marketable securities, net | (131 | ) | (304 | ) | ||||
| Realized loss on sale and redemption of marketable securities | (2 | ) | (22 | ) | ||||
| Change in operating assets and liabilities: | ||||||||
| Trade receivables, net | 11,890 | 4,048 | ||||||
| Other accounts receivables and prepaid expenses | (2,413 | ) | (1,365 | ) | ||||
| Inventory | (6,750 | ) | 2,320 | |||||
| Operating leases right-of-use assets and liabilities, net | (115 | ) | (160 | ) | ||||
| Other long term assets | (2,457 | ) | (313 | ) | ||||
| Trade payables | 2,820 | (5,310 | ) | |||||
| Employees and payroll accruals | 234 | 2,092 | ||||||
| Deferred revenues and advances from customers | (2 | ) | (546 | ) | ||||
| Other payables and accrued expenses | 1,949 | 2,230 | ||||||
| Accrued severance pay, net | 103 | (29 | ) | |||||
| Other long - term liabilities | 1,503 | 16 | ||||||
| Net cash provided by operating activities | 6,302 | 5,764 | ||||||
| Cash flows from investing activities: | ||||||||
| Purchase of property, plant and equipment and capitalized software development costs | (4,041 | ) | (3,771 | ) | ||||
| Proceeds from (investment in) short-term bank deposits, net | 9,650 | (21,000 | ) | |||||
| Proceeds from sales and redemption of marketable securities | 3,250 | 2,800 | ||||||
| Proceeds from maturities of marketable securities | 11,170 | 65,320 | ||||||
| Investment in marketable securities | - | (25,815 | ) | |||||
| Net cash provided by investing activities | 20,029 | 17,534 | ||||||
| Cash flows from financing activities: | ||||||||
| Exercise of employee stock options | 29 | 529 | ||||||
| Payments related to shares withheld for taxes | (663 | ) | (977 | ) | ||||
| Repurchase of ordinary shares | (30,509 | ) | (1,824 | ) | ||||
| Net cash used in financing activities | (31,143 | ) | (2,272 | ) | ||||
| Increase (decrease) in cash and cash equivalents | (4,812 | ) | 21,026 | |||||
| Cash and cash equivalents at the beginning of the period | 35,476 | 35,003 | ||||||
| Cash and cash equivalents at the end of the period | $ | 30,664 | $ | 56,029 | ||||
| Non-cash investing and financing activities: | ||||||||
| Purchase of property and equipment on credit | 403 | 2,435 | ||||||
| Inventory transferred to be used as property and equipment | 46 | 405 | ||||||
| Property, plant and equipment transferred to be used as inventory | 77 | - | ||||||
| Lease liabilities arising from obtaining right-of-use assets | 639 | 522 | ||||||
8
KORNIT DIGITAL LTD.
AND ITS SUBSIDIARIES
RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA
(U.S. dollars in thousands, except share and per share data)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2026 | 2025 | |||||||
| (Unaudited) | ||||||||
| GAAP Revenues | $ | 48,540 | $ | 46,457 | ||||
| GAAP loss | (8,221 | ) | (5,059 | ) | ||||
| Taxes on income | 275 | 371 | ||||||
| Financial income | (5,556 | ) | (7,383 | ) | ||||
| Share-based compensation | 4,722 | 5,320 | ||||||
| Intangible assets amortization | 382 | 382 | ||||||
| Restructuring expenses | 311 | - | ||||||
| M&A-related costs | 235 | - | ||||||
| Class action - legal fees | 2,029 | - | ||||||
| Tariff | 228 | - | ||||||
| Non-GAAP Operating loss | (5,595 | ) | (6,369 | ) | ||||
| Depreciation | 2,790 | 2,464 | ||||||
| Adjusted EBITDA | $ | (2,805 | ) | $ | (3,905 | ) | ||
9
Exhibit 99.2
Kornit Digital. All Rights Reserved. Kornit Digital. All Rights Reserved. KornitDigital (NASDAQ: KRNT) First Quarter 2026 Earnings Conference Call Supporting Slides May 13, 2026 Kornit Digital. All Rights Reserved.
Kornit Digital. All Rights Reserved. On Today's Call Ronen Samuel CEO Assaf Zipori CFO Andy Backman Chief Capital Markets Officer
Kornit Digital. All Rights Reserved. Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as "will," "expects," "anticipates," "believes," "intends," "planned," or other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company's objectives, plans and strategies, including the Company's AIC program, statements regarding the Company's results of operations and financial condition, including the Company's guidance for the second quarter of 2026, and all statements that address developments that the Company expects or anticipates will or may occur in the future. Forward- looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company's degree of success in developing, introducing and selling new or improved products and product enhancements including specifically the Company's Poly Pro and Presto products, and the Company's Apollo direct-to-garment platform; the extent of the Company's ability to increase sales of its systems, ink and consumables; the extent of the Company's ability to continue to grow customer adoption of the AIC model; the development of the market for digital textile printing generally; the Company's securities class action litigation expenses; and those additional factors referred to under "Risk Factors" in Item 3.D of the Company's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 26, 2026. Any forward-looking statements in this presentation are made as of the date hereof, and will not be updated by the Company, whether as a result of new information, future events or otherwise, except as required by law. In addition to U.S. GAAP financials, this presentation includes certain non-GAAP financial measures. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. Please see the reconciliation table that appears among the financial tables in our earnings release being issued today, which earnings release is attached as Exhibit 99.1 to our report of foreign private issuer on Form 6-K being furnished to the SEC today, which reconciliation table is incorporated by reference in this presentation. Please also see Slide 19 of this presentation. Our non-GAAP guidance for the second quarter of 2026 concerning Adjusted EBITDA margin appearing in this presentation and in today's earnings release is not, however, accompanied by the most directly comparable GAAP financial measure (i.e., GAAP net loss margin), or by a reconciliation between the two, as the information needed to provide that GAAP guidance and that reconciliation is not available to us without unreasonable effort or with reasonable certainty from a quantitative perspective. This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data. Kornit, Kornit Digital, the K logo, and NeoPigment are trademarks of Kornit Digital Ltd. All other trademarks are the property of their respective owners and are used for reference purposes only. Such use should not be construed as an endorsement of our products or services.
Kornit Digital. All Rights Reserved. Business Highlights
Kornit Digital. All Rights Reserved. "Q1 was a strong start to the year and a clear proof point that our strategy is translating into execution and measurable results" First Quarter 2026 Recap Revenues $48.5m At High End Of Guidance Impressions Growth +12% Y/Y Trailing Twelve-month Basis Adjusted EBITDA Loss $2.8m Positive Operating Cash Flow
Kornit Digital. All Rights Reserved. • Momentum from net new customers transitioning from traditional screen printing to digital production o ~40% of Q1 system sales were from new customers; ~65% from traditional screen printing customers targeting long-run production • Relatively new existing customers already expanding fleets and increasing investment in Kornit's platform • Seeing pipeline and backlog continue to strengthen, improving visibility and predictability into Q2 and the balance of 2026 • Ended Q1 with $27M in ARR; Expect meaningful step-up in ARR in Q2 and second half of 2026 Progress Updates
Kornit Digital. All Rights Reserved. Atlas MATRIX System • Single platform capable of producing across cotton, polyester, and blended fabrics • Expands addressable market into polyester, sportswear, and performance apparel • Powered by unique Karbon Shield technology, preventing dye migration on polyester • Extremely positive customer feedback to date • Meaningful backlog of new and upgrade orders Konnections 2026 PrintFactory Acquisition • Accelerates strategy to connect workflow, production and fulfillment into a scalable digital manufacturing ecosystem • Already deployed across thousands of production sites globally • Enables critical capabilities in scaled digital manufacturing environments • Accelerates long-term strategy to build a connected digital infrastructure "The strong customer response reinforced the significant market opportunity emerging from the accelerating shift from analog to digital production"
Kornit Digital. All Rights Reserved. • Introduced Presto MAX PLUS for the first time at Texprocess in Frankfurt; Level of interest was extremely high • Brings digital production capabilities into high-performance applications like footwear, technical apparel, camouflage, performance wear, home décor, and other applications Progress Updates • Advanced vision system and intelligent production capabilities bring new levels of automation, consistency, and production control to roll-to-roll • Extremely positive customer feedback around print durability, fabric flexibility, sustainability, and ability to eliminate traditional pre- and post-processing steps
Kornit Digital. All Rights Reserved. Looking Ahead • Q1 momentum is continuing into Q2, supported by growing pipeline, backlog, and customer activity • Better visibility and confidence looking toward the second half of 2026 • Producing tangible results after two years of stabilizing the business, strengthening foundation, and redefining strategy • Leader in on demand manufacturing with stronger product portfolio and expansion into new markets and applications • AIC continues to strengthen recurring revenue model • Executing consistently and building the foundation to scale and grow
Kornit Digital. All Rights Reserved. Financial Highlights
Kornit Digital. All Rights Reserved. • Q1 2026 revenues of $48.5 million vs. $46.5 million in Q1 2025 • Top end of guidance range reflects continued momentum across products and services, supported by growing customer activity and expansion across installed base Revenues 68% 20% 12% Q1 2026 Revenues By Region Americas EMEA Asia Pacific $46.5 $48.5 Q1 2026 Revenues ($M) 2025 2026
Kornit Digital. All Rights Reserved. • Q1 2026 AIC revenues of ~$4.9M, up ~103% Y/Y • Exited the quarter with ~$26.8M in ARR from AIC • Entered Q2 with stronger backlog, pipeline and customer activity level • Confidence in continued sequential improvement in both AIC revenue and ARR throughout the year Annualized Recurring Revenue & AIC Growth $14.5 $18.9 $21.5 $24.8 $26.8 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $2.4 $4.9 Q1 2025 Q1 2026 ARR at Quarter End ($M) AIC Revenues ($M)
Kornit Digital. All Rights Reserved. Q1 2026 Overview: • Non-GAAP gross margin of 41.0%, compared to 45.2% in Q1 2025 • Reflects higher mix of systems and services relative to consumables, driven by normal seasonality patterns • Includes 190 BPS year-over-year impact from FX movements and tariff-related costs Looking Ahead: • Continued strengthening in pipeline, order flow and backlog, providing improved visibility into 2H26 • As utilization and recurring revenues scale, we expect margins to benefit from improved operating leverage Gross Margins 45.2% 41.0% Q1 2025 Q1 2026 Non-GAAP Gross Margin
Kornit Digital. All Rights Reserved. • Q1 2026 Non-GAAP Operating Expenses of $25.5 million, down 7% year-over-year • Includes unfavorable $2.0 million impact from FX due to shekel strengthening • Maintaining discipline around cost management, while continuing to invest in key growth initiatives, innovation roadmap and go-to-market activities Operating Expenses (1) Figures may not add due to rounding Non-GAAP Operating Expenses ($ in millions) Q1 2026 Q1 2025 Research & Development $8.6 $8.1 Sales & Marketing $11.4 $13.3 General & Administrative $5.5 $6.0 Total Operating Expenses(1) $25.5 $27.4
Kornit Digital. All Rights Reserved. P&L KPI's $ in millions, except per share amounts Q1 2026 Q1 2025 Non-GAAP Operating Income (Loss) ($5.6) ($6.4) Adjusted EBITDA (Loss) ($2.8) ($3.9) Non-GAAP Net Income (Loss) ($0.4) $0.6 Non-GAAP Diluted EPS ($0.01) $0.01 GAAP Net Income (Loss) ($8.2) ($5.1) GAAP EPS ($0.19) ($0.11)
Kornit Digital. All Rights Reserved. • Q1 2026 cash, including bank deposits and marketable securities: ~$462.2 million • Q1 2026 operating cash flow: $6.3 million • 10th consecutive quarter of positive operating cash flow, reflecting continued focus on working capital efficiency and disciplined financial management Balance Sheet & Cash Flow $ in millions Q1 2026 Q4 2025 Q1 2025 Cash, Deposits & Marketable Securities $462.2 $491.2 $513.1 Accounts Receivable $48.9 $60.8 $61.4 Inventory $54.0 $47.2 $57.6 Trade Payables $8.5 $6.1 $5.9
Kornit Digital. All Rights Reserved. • Q1 2026 : Repurchased just over $30 million, under the $100 million repurchase program announced in 2025 • Since 2023 Launch: Repurchased 9.1 million shares for a total gross amount of ~$200 million through Q1 2026 • Capital Allocation & Outlook: Balance sheet remains strong, supporting organic growth initiatives including AIC deployment, new product innovation, and strategic investments Share Repurchase Program * Represents total repurchases made under new $100m program announced in Nov 2025; excludes any purchases made under this program in 2Q26. Announcement Date Repurchase Authorized Amount Purchased August 2022 $75m ~$65m September 2024 $100m $100m November 2025 $100m $32m* Total $275m ~$200m
Kornit Digital. All Rights Reserved. Q2 2026 Revenues: • Expected to be in the range of $51 million to $55 million Q2 2026 Adjusted EBITDA margin: • Expected to be in the range of negative 5% to breakeven • Includes continued investment in strategic initiatives, including Konnections 2026 and ongoing FX pressure on both gross margin and operating expenses from shekel strengthening • First half profitability reflects seasonality patterns and continued investment in strategic growth initiatives • Entering 2H26 with improving visibility, growing recurring revenues and a disciplined focus on profitable growth Second Quarter 2026 Guidance
Kornit Digital. All Rights Reserved. 2026 2025 GAAP Revenues 48,540 $ 46,457 $ GAAP loss (8,221) (5,059) Taxes on income 275 371 Financial income (5,556) (7,383) Share-based compensation 4,722 5,320 Intangible assets amortization 382 382 Restructuring expenses 311 - M&A‑related costs 235 - Class action - legal fees 2,029 - Tariff 228 - Non-GAAP Operating loss (5,595) (6,369) Depreciation 2,790 2,464 Adjusted EBITDA (2,805) $ (3,905) $ March 31, (Unaudited) (U.S. dollars in thousands, except share and per share data) Three Months Ended
Kornit Digital. All Rights Reserved. Q1 2025 TTM ended March 31, 2025 Q1 2026 TTM ended March 31, 2026 YoY Growth ~222m impressions ~248m impressions 12% Q1 2026 As of March 31, 2026 $26.8m *ARR from AIC reflects the minimum annual revenue commitment derived from all systems shipped under the AIC model
Kornit Digital. All Rights Reserved. Thank You!