Impinj (NASDAQ:PI) Announces Quarterly Earnings Results

Impinj (NASDAQ:PI) posted its earnings results on Thursday. The company reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50, FiscalAI reports. The business had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. Impinj updated its Q1 2026 guidance to 0.080-0.130 EPS.

Here are the key takeaways from Impinj’s conference call:

• Q4 revenue was $92.8M (down 3% sequential, +1% YoY) and 2025 revenue was $361.1M, while the company exited the year with record Adjusted EBITDA of $69.6M and record cash, cash equivalents and investments of $279.1M, highlighting strong profitability and liquidity despite a tough year.
• Q1 2026 guidance is weak (revenue $71M–$74M) with Endpoint IC revenue expected to decline high-teens % sequentially due to label supplier reallocations, channel inventory burn-down (roughly $5M per week), a customer product transition to a custom ASIC, and retail under-buying, and Adjusted EBITDA is guided to only $1.2M–$2.7M.
• Impinj has a custom Endpoint IC developed with its second-largest North American logistics customer that is already in production and the customer plans a full switch in 2026; Impinj retains the IP and expects this to deepen customer relationships and drive share within that account.
• Management is doubling down on a solutions strategy and Gen2X (adding an EVP for Enterprise Solutions, licensing EM Micro, and pushing Gen2X as a differentiator), which they expect to drive future Endpoint IC, reader/reader IC growth and meaningful software revenue as apparel, general merchandise SKU adoption and food rollouts accelerate.

Impinj Trading Up 1.1%

Impinj stock traded up $1.61 during trading hours on Thursday, hitting $153.83. The stock had a trading volume of 864,020 shares, compared to its average volume of 703,858. The business’s 50 day simple moving average is $168.27 and its 200-day simple moving average is $173.45. Impinj has a one year low of $60.85 and a one year high of $247.06. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of -349.61 and a beta of 1.56. The company has a quick ratio of 1.97, a current ratio of 2.67 and a debt-to-equity ratio of 0.94.

Wall Street Analyst Weigh In

PI has been the topic of a number of research reports. UBS Group decreased their price target on shares of Impinj from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Impinj in a research report on Thursday, January 22nd. Piper Sandler increased their price target on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Roth Mkm reaffirmed a “buy” rating and set a $235.00 price objective on shares of Impinj in a research report on Thursday, October 30th. Finally, Susquehanna set a $255.00 target price on Impinj in a research note on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Impinj presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.22.

Insider Buying and Selling at Impinj

In other news, insider Sylebra Capital Llc sold 134,629 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $150.36, for a total value of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares of the company’s stock, valued at $170,230,374.72. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 672,780 shares of company stock worth $106,355,666 in the last quarter. Insiders own 12.40% of the company’s stock.

Hedge Funds Weigh In On Impinj

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its stake in shares of Impinj by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Impinj by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock worth $25,324,000 after purchasing an additional 26,388 shares during the last quarter. Focus Partners Wealth bought a new position in Impinj during the 1st quarter worth $223,000. Intech Investment Management LLC lifted its holdings in Impinj by 29.6% during the 1st quarter. Intech Investment Management LLC now owns 16,708 shares of the company’s stock worth $1,515,000 after buying an additional 3,812 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Impinj in the 2nd quarter valued at about $3,833,000.

Trending Headlines about Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q4 results met or slightly beat consensus: GAAP EPS of $0.50 matched estimates and revenue of $92.85M modestly exceeded the Street — evidence of continued execution on core RFID sales. Impinj Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Company issued Q1 EPS guidance ( $0.08–$0.13 ) that is above consensus (which expected a loss), implying potential near‑term per‑share improvement if revenue stabilizes. Impinj (PI) Q4 Earnings Meet Estimates
• Neutral Sentiment: Longer‑term demand drivers remain intact — retail RFID mandates and enterprise inventory initiatives continue to expand the market opportunity, which supports medium/long‑term growth expectations even if Q1 is choppy. Impinj set to report earnings as retail mandates fuel RFID push
• Negative Sentiment: Disappointing Q1 revenue guide — management guided $71M–$74M vs. consensus ~$89.7M, a large miss that directly pressures near‑term top‑line expectations and valuation. Impinj (NASDAQ:PI) Reports Q4 In Line With Expectations But Stock Drops 18.4%
• Negative Sentiment: Management flagged a convergence of short‑term headwinds weighing on demand; those comments, combined with weak revenue guidance, triggered a sharp investor re‑rating and heavy selling volume. Impinj shares slide more than 30% as RFID-maker projects rough Q1

Impinj Company Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).