Impinj (NASDAQ:PI) Issues Earnings Results, Beats Expectations By $0.03 EPS

Impinj (NASDAQ:PI) issued its quarterly earnings data on Wednesday. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03, FiscalAI reports. The business had revenue of $74.25 million for the quarter, compared to analysts’ expectations of $72.53 million. Impinj had a positive return on equity of 5.72% and a negative net margin of 7.66%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Impinj updated its Q2 2026 guidance to 0.770-0.820 EPS.

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

• Record endpoint IC bookings and a 1,700 bps market share gain in 2025 fueled demand (including a custom ASIC ramp), with management expecting sequential endpoint IC revenue growth into Q2.
• Management guided Q2 revenue to $103M–$106M (midpoint ~7% YoY growth), adjusted EBITDA of $27.8M–$29.3M, and non‑GAAP EPS of $0.77–$0.82, signaling a strong profitability outlook.
• Q1 gross margin fell to 52.4% due to higher indirect costs, annual endpoint IC price declines, and a backend production tool underutilization (management estimates ~100 bps impact), although the production issue is fixed and product margins are expected to improve in Q2.
• Impinj repurchased $40.2M principal of convertible notes to reduce dilution (~400,000 shares), leaving cash and investments of $235.2M and modest positive free cash flow in the quarter.
• Product and solutions momentum continues—Gen2X and M800 ramp, reader updates (up to 25% tag read‑range improvement), expanded edge ML/software teams, and a potential full‑store European grocery self‑checkout pilot represent sizable long‑term growth opportunities.

Impinj Price Performance

Shares of Impinj stock opened at $144.92 on Friday. The company has a current ratio of 2.68, a quick ratio of 2.01 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $4.41 billion, a PE ratio of -157.52 and a beta of 1.67. The business’s 50-day moving average price is $108.49 and its 200-day moving average price is $147.57. Impinj has a 12 month low of $87.36 and a 12 month high of $247.06.

Hedge Funds Weigh In On Impinj

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its position in shares of Impinj by 6.5% during the 4th quarter. Invesco Ltd. now owns 1,287,879 shares of the company’s stock valued at $224,104,000 after purchasing an additional 78,587 shares during the last quarter. State Street Corp increased its position in shares of Impinj by 10.8% during the 4th quarter. State Street Corp now owns 1,276,893 shares of the company’s stock valued at $222,192,000 after purchasing an additional 124,792 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Impinj by 2.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 692,596 shares of the company’s stock valued at $120,519,000 after purchasing an additional 18,263 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Impinj by 4.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 667,592 shares of the company’s stock valued at $120,667,000 after purchasing an additional 25,908 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Impinj by 1.1% during the 3rd quarter. Northern Trust Corp now owns 306,780 shares of the company’s stock valued at $55,450,000 after purchasing an additional 3,377 shares during the last quarter.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Management guided Q2 well above Street estimates — revenue of $103M–$106M and non‑GAAP EPS of $0.77–$0.82 (consensus was far lower). That upside to near‑term profitability is the main catalyst for the rally. Impinj expects Q2 revenue of $103M-$106M and non-GAAP EPS of $0.77-$0.82
• Positive Sentiment: The company reported record bookings and said endpoint IC demand is starting to rebound, which supports the stronger Q2 outlook and longer‑term demand prospects for its RFID chips. Impinj posts record bookings, forecasts higher Q2 revenue with prudent outlook
• Positive Sentiment: Analyst sentiment is supportive: Needham reaffirmed a Buy with a $175 target (cited in coverage roundups), and coverage notes a material upside to current levels if guidance converts to results. That helped push investor confidence. Benzinga coverage of Needham reaffirmation
• Neutral Sentiment: Q1 report and call contained mixed details: earnings per share showed a modest beat versus some estimates but revenue was below several street forecasts; management walked through demand trends and a “prudent” stance on near‑term visibility. Impinj Inc (PI) Q1 2026 Earnings Call Highlights
• Negative Sentiment: Underneath the optimism, Q1 revenue ($74.3M) lagged analyst expectations (~$96M in some polls), trailing year‑earlier results and leaving net margins negative. Execution and revenue recovery must follow the bookings for the rally to be sustained. Impinj Reports First Quarter 2026 Financial Results

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Evercore set a $144.00 target price on Impinj in a research note on Thursday. Piper Sandler restated a “mixed” rating and issued a $180.00 target price (down from $230.00) on shares of Impinj in a research note on Friday, February 6th. Cantor Fitzgerald decreased their target price on Impinj from $246.00 to $170.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Susquehanna restated a “positive” rating and issued a $200.00 target price on shares of Impinj in a research note on Friday, February 6th. Finally, Barclays restated an “overweight” rating on shares of Impinj in a research note on Friday. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $174.13.

About Impinj

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).