Kornit Digital Q1 Revenue Hits $48.5M, AIC Revenues Surge 103%
KRNT•Kornit Digital delivered Q1 revenue of $48.5 million, at the top end of guidance, up 4% year over year, while AIC revenues surged 103%, boosting ARR to $26.8 million. Non-GAAP net loss narrowed to $0.4 million while adjusted EBITDA loss improved to $2.8 million and gross margin was 41.0%.
1. Revenue and Subscription Growth
Total first quarter revenue reached $48.5 million, up from $46.5 million a year ago and at the top end of guidance, while AIC model revenues surged 103%, driving Annual Recurring Revenue to $26.8 million compared with $14.5 million in the prior year.
2. Profitability and Cash Flow
GAAP gross profit margin was 37.9% (41.0% non-GAAP) and GAAP operating expenses remained flat at $31.9 million, resulting in a non-GAAP net loss of $0.4 million and an adjusted EBITDA loss of $2.8 million, with operating cash flow positive for the tenth consecutive quarter.
3. Product Momentum
Trailing twelve-month impressions grew approximately 12% year over year due to the shift from screen-based to digital production, and strong demand for the Atlas MATRIX platform has built a significant backlog of new and upgrade orders.
4. Second Quarter Guidance
For Q2 2026, Kornit expects revenue between $51 million and $55 million and an adjusted EBITDA margin ranging from negative 5% to breakeven, reflecting continued momentum in scaled digital production and recurring revenue streams.
