Impinj (NASDAQ:PI) Issues Earnings Results, Beats Estimates By $0.06 EPS

Posted by Geri Gentry on Jul 31st, 2026

Impinj (NASDAQ:PI – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06, FiscalAI reports. The company had revenue of $108.37 million during the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.26% and a positive return on equity of 5.42%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 EPS. Impinj updated its Q3 2026 guidance to 0.590-0.630 EPS.

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

Record second quarter results: Revenue reached $108.4 million, up 46% sequentially, while adjusted EBITDA and non-GAAP EPS also set quarterly records. Endpoint IC bookings and unit volume hit all-time highs for the second consecutive quarter.
Strong demand across multiple verticals: Growth was driven by retail apparel, general merchandise, supply chain and logistics, and emerging food-tracking programs. Management expects third-quarter revenue of $105.5 million to $108.5 million, representing 17% sequential growth at the midpoint, with Endpoint IC product revenue growing above typical seasonal levels.
Food and solutions opportunities are expanding: Three of the five largest U.S. grocers have announced RAIN RFID pilots or deployments, while Impinj is increasingly focusing on fixed-reading solutions for replenishment, point-of-sale, and supply-chain transitions. Management believes its Gen2X technology and event-data platform can support future AI-enabled enterprise applications.
Margins and cash generation improved: Product gross margin increased to 53.6% in the second quarter, and management expects another roughly 120-basis-point sequential improvement in the third quarter as the M800 platform ramps. Free cash flow was $29.2 million, with $263.7 million in cash and investments at quarter-end.
Tariff pull-ins and channel dynamics remain risks: Some retailers accelerated purchases before temporary tariffs expired, although management characterized the benefit as small and expects underlying demand to remain strong. The company also acknowledged prior difficulty forecasting partner-held inventory and said its improved visibility from the custom ASIC transition must be validated in early 2027.

Impinj Price Performance

Shares of Impinj stock traded down $0.35 during trading hours on Friday, reaching $147.13. The company’s stock had a trading volume of 108,343 shares, compared to its average volume of 570,588. The firm has a 50 day moving average price of $137.92 and a 200-day moving average price of $130.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The stock has a market cap of $4.48 billion, a P/E ratio of -160.24 and a beta of 1.92. Impinj has a one year low of $87.36 and a one year high of $247.06.

Insider Buying and Selling

In other Impinj news, Director Sylebra Capital Llc sold 48,504 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $150.78, for a total transaction of $7,313,433.12. Following the sale, the director directly owned 973,667 shares of the company’s stock, valued at $146,809,510.26. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 265,124 shares of company stock valued at $36,565,887 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Trading of Impinj

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew 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 buying an additional 140 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Impinj by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 279,209 shares of the company’s stock valued at $25,324,000 after acquiring an additional 26,388 shares in the last quarter. Focus Partners Wealth bought a new position in Impinj in the first quarter worth approximately $223,000. Intech Investment Management LLC increased 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 purchasing an additional 3,812 shares during the period. Finally, Marshall Wace LLP bought a new stake in Impinj during the 2nd quarter valued at $3,833,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Impinj from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of Impinj in a report on Thursday. Evercore set a $144.00 target price on shares of Impinj in a research report on Thursday, April 30th. Jefferies Financial Group boosted their target price on shares of Impinj from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.22.

Read Our Latest Stock Analysis on PI

Impinj Company Profile

(Get Free Report)

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).