Overview

* Kornit Q2 revenue of $49.8 mln missed analyst expectations, per LSEG data

* GAAP net loss of $7.5 mln missed estimates, non-GAAP net income at $1.2 mln

* Company focuses on recurring revenue model and AIC contract adoption

Outlook

* Kornit expects Q3 2025 revenue between $49 mln and $55 mln

* Company anticipates Q3 adjusted EBITDA margin between -3% and 3%

* Kornit focuses on scaling Apollo and AIC adoption

* Company aims to maintain adjusted EBITDA profitability and cash flow

Result Drivers

* RECURRING REVENUE - Kornit attributes Q2 performance to ongoing transformation towards a recurring revenue model, per CEO Ronen Samuel

* SCREEN-PRINTING CUSTOMERS - Positive traction from screen-printing customers embracing digital for various run lengths, according to CEO

* AIC ADOPTION - Continued adoption of AIC contracts with annual recurring revenue reaching $18.9 mln, particularly from screen-printing customers

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $49.75 $52.10

Revenue mln mln (5

Analysts

)

Q2 Net Miss -$7.52 $849,600

Income mln (5

Analysts

)

Q2 Miss -$10.87 -$2.96

Operatin mln mln (5

g Income Analysts

)

Q2 Basic -$0.17

EPS

Q2 Gross $20.74

Profit mln

Q2 $31.61

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for Kornit Digital Ltd ( KRNT ) is $31.00, about 38.1% above its August 5 closing price of $19.18

* The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 61 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)