Impinj (NASDAQ:PI) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Impinj (NASDAQ:PI) released its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08, FiscalAI reports. Impinj had a positive return on equity of 7.32% and a negative net margin of 2.45%. The business had revenue of $112.08 million during the quarter, compared to analysts’ expectations of $107.16 million. During the same period last year, the firm posted $0.58 EPS. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year.

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

• Record third-quarter results included $112.1 million in revenue, up 17% year over year, with endpoint IC revenue reaching $97.3 million and product gross margin improving on strong M800 mix.
• Demand remains broad-based across retail, supply chain and logistics, food, and reader ICs, while bookings exceeded shipments and backlog extended into the first quarter of 2027.
• Back-end post-processing capacity remains a constraint, preventing Impinj from fully meeting market demand; the company expects elevated investment and capacity expansion to continue for at least the next two quarters.
• Fourth-quarter revenue is expected to be $104 million to $107 million, up 14% year over year at the midpoint, but systems revenue will decline sequentially because an enterprise deployment shifted into early 2027.
• Software remains in beta and is expected to contribute only modest revenue initially in 2027, but management said customer demand is strong and sees longer-term potential to monetize an integrated platform spanning ICs, readers, gateways, and software.

Impinj Price Performance

Shares of NASDAQ:PI opened at $173.87 on Friday. The company has a market cap of $5.31 billion, a price-to-earnings ratio of -526.35 and a beta of 1.94. Impinj has a one year low of $87.36 and a one year high of $215.25. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.28 and a quick ratio of 2.29. The firm has a 50 day simple moving average of $176.48 and a 200 day simple moving average of $144.47.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PI shares. Needham & Company LLC lifted their target price on Impinj from $168.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group raised their price target on shares of Impinj from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays lifted their price objective on shares of Impinj from $176.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. UBS Group boosted their price objective on shares of Impinj from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of Impinj in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.40.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Impinj reported third-quarter adjusted earnings of $0.69 per share, exceeding the $0.61 consensus estimate, while revenue rose 16.7% year over year to $112.08 million, above expectations of $107.16 million. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fourth-quarter guidance was substantially above consensus: adjusted EPS is expected at $0.55-$0.60 versus an estimate of negative $0.04, while revenue is projected at $104 million-$107 million versus $99.3 million. Management cited strong M800 product demand and a ramp in back-end manufacturing capacity. Impinj Q4 Outlook
• Positive Sentiment: Analysts raised their targets following the results. Susquehanna increased its target from $175 to $225 and assigned a positive rating, while Needham raised its target from $168 to $195 and maintained a buy rating. Susquehanna Price Target
• Neutral Sentiment: A revised analyst view shifted from bearish to hold as revenue growth improved, but the stock’s valuation remains a concern after its strong run. Impinj Rating Upgrade
• Negative Sentiment: UBS raised its price target only modestly, from $175 to $180, while retaining a neutral rating, indicating limited upside at recent trading levels. UBS Price Target

Insider Buying and Selling at Impinj

In other news, Director Miron Washington sold 800 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director directly owned 4,354 shares in the company, valued at $754,374.04. This represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Cary Baker sold 8,892 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $185.00, for a total value of $1,645,020.00. Following the sale, the chief financial officer directly owned 80,388 shares of the company’s stock, valued at $14,871,780. This represents a 9.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,121 shares of company stock valued at $2,047,993 in the last ninety days. Insiders own 6.80% of the company’s stock.

About Impinj

Impinj, Inc (NASDAQ: PI) develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.