Impinj, Inc. logo

Impinj, Inc.

PI

NASDAQTechnologySemiconductors

Previous close

$165.54

+$5.81 · +3.64%

Aug 21, 4:00 PM ET

PI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

42

Neutral

Sentiment

54

Mixed

Risk resilience

33

High Risk

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Company profile

Company website

Impinj, Inc., established in 2000 and headquartered in Seattle, Washington, provides a sophisticated cloud connectivity platform across the Americas, Asia Pacific, Europe, the Middle East, and Africa. This comprehensive platform facilitates the wireless linking of individual physical items, subsequently transmitting vital data about these connected objects to a diverse range of business and consumer software applications. The company's offerings are built around several interconnected product families. Firstly, it features "endpoint ICs," which are miniature radio-on-a-chip components designed to be affixed to an item, supplying it with a unique identifier. Secondly, "systems products" include reader ICs, standalone readers, and gateways. These components work in unison to wirelessly power and enable bidirectional communication with endpoint ICs on host items, as well as to execute tasks such as reading, writing, authenticating, and interacting with them. Finally, the platform incorporates advanced software and algorithms. These tools empower Impinj's partners to develop and deploy practical solutions for end-users, covering applications like retail self-checkout, loss prevention, and precise warehouse inventory management, including pallet and carton tracking. Impinj serves a broad spectrum of industries, including retail, supply chain and logistics, aviation, automotive, healthcare, industrial manufacturing, sports, food services, data centers, travel, banking, and even linen and uniform management. Its products and services are distributed through an extensive network of partners, including distributors, system integrators, value-added resellers, and software solution providers.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Chris Diorio
Listed since
Jul 21, 2016
Employees
457

Market position

Day range

Current $165.54

52-week range

Current $165.54

Open
$164.06
Previous close
$159.73
Volume
406.5K
0.87× average
Average volume
469.51K
Average daily volume
Market cap
5.06B USD
Beta
1.91
Market reference 1
50-day average
$147.07
+12.56% above average
200-day average
$141.6
+16.91% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.37B USD
P/E (TTM)
-182.35×
P/B (TTM)
21.79×
P/S (TTM)
13.61×
EV / EBITDA
632.91×
Earnings yield
-0.21%
Free cash flow yield
0.90%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
52.71%
Operating margin
-1.80%
Net margin
-7.26%
Return on equity
-5.18%
Return on assets
-1.99%
Return on invested capital
-0.14%

Financial health

Debt / equity
1.15×
Current ratio
2.68×
Altman Z-score
9.95
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%29%-3%-35%Gross margin, FY2021: 52.00%Gross margin, FY2022: 53.48%Gross margin, FY2023: 49.42%Gross margin, FY2024: 51.59%Gross margin, FY2025: 51.96%Operating margin, FY2021: -19.58%Operating margin, FY2022: -7.56%Operating margin, FY2023: -14.14%Operating margin, FY2024: -1.93%Operating margin, FY2025: -0.20%Net margin, FY2021: -26.94%Net margin, FY2022: -9.43%Net margin, FY2023: -14.10%Net margin, FY2024: 11.16%Net margin, FY2025: -3.00%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.00%. Gross margin FY2022 53.48%. Gross margin FY2023 49.42%. Gross margin FY2024 51.59%. Gross margin FY2025 51.96%. Operating margin FY2021 -19.58%. Operating margin FY2022 -7.56%. Operating margin FY2023 -14.14%. Operating margin FY2024 -1.93%. Operating margin FY2025 -0.20%. Net margin FY2021 -26.94%. Net margin FY2022 -9.43%. Net margin FY2023 -14.10%. Net margin FY2024 11.16%. Net margin FY2025 -3.00%.

Income trends

Revenue

361.08M USD-1.37%

Operating income

−737K USD+89.57%

Net income

−10.85M USD−51.69M USD
Income trends across reported periods407.82M USD240.88M USD73.94M USD−92.99M USDRevenue, FY2021: 190.28M USDRevenue, FY2022: 257.8M USDRevenue, FY2023: 307.54M USDRevenue, FY2024: 366.09M USDRevenue, FY2025: 361.08M USDOperating income, FY2021: −37.25M USDOperating income, FY2022: −19.48M USDOperating income, FY2023: −43.48M USDOperating income, FY2024: −7.07M USDOperating income, FY2025: −737K USDNet income, FY2021: −51.26M USDNet income, FY2022: −24.3M USDNet income, FY2023: −43.37M USDNet income, FY2024: 40.84M USDNet income, FY2025: −10.85M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 190.28M USD. Revenue FY2022 257.8M USD. Revenue FY2023 307.54M USD. Revenue FY2024 366.09M USD. Revenue FY2025 361.08M USD. Operating income FY2021 −37.25M USD. Operating income FY2022 −19.48M USD. Operating income FY2023 −43.48M USD. Operating income FY2024 −7.07M USD. Operating income FY2025 −737K USD. Net income FY2021 −51.26M USD. Net income FY2022 −24.3M USD. Net income FY2023 −43.37M USD. Net income FY2024 40.84M USD. Net income FY2025 −10.85M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue361.08M USD366.09M USD307.54M USD257.8M USD190.28M USD
Cost of goods sold173.48M USD177.23M USD155.56M USD119.92M USD91.33M USD
Gross profit187.6M USD188.86M USD151.98M USD137.88M USD98.95M USD
Research and development102.62M USD98.83M USD88.56M USD74.11M USD64.06M USD
Selling, general, and administrative85.72M USD90.4M USD98.68M USD83.36M USD70.42M USD
Operating expenses188.34M USD195.92M USD195.47M USD157.36M USD136.2M USD
Interest expense4.37M USD4.87M USD4.85M USD4.92M USD2.55M USD
Depreciation and amortization15.04M USD13.59M USD13.62M USD6.04M USD4.6M USD
Operating income−737K USD−7.07M USD−43.48M USD−19.48M USD−37.25M USD
Net income−10.85M USD40.84M USD−43.37M USD−24.3M USD−51.26M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 0 misses, 2 met estimates
Average EPS surprise
+57.60%
11 comparable reports
Latest EPS result
0.86
Estimate 0.8 · Beat by 8.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.920.640.360.08Q1 '25MetQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MetQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 0.48, estimate 0.48, surprise 0.00%, Met estimate. Q2 2025, reported Apr 23, 2025: actual 0.21, estimate 0.09, surprise +133.33%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.8, estimate 0.71, surprise +12.68%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.58, estimate 0.51, surprise +13.73%, Beat. Q1 2026, reported Feb 5, 2026: actual 0.5, estimate 0.5, surprise 0.00%, Met estimate. Q2 2026, reported Apr 29, 2026: actual 0.14, estimate 0.11, surprise +27.27%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.86, estimate 0.795, surprise +8.18%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 0.61, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates112.71M97.87M83.03M68.2MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 5, 2025: actual 91.57M USD, estimate 93.01M USD, surprise -1.55%, Miss. Q2 2025, reported Apr 23, 2025: actual 74.28M USD, estimate 92.34M USD, surprise -19.56%, Miss. Q3 2025, reported Jul 30, 2025: actual 97.89M USD, estimate 92.45M USD, surprise +5.89%, Beat. Q4 2025, reported Oct 29, 2025: actual 96.06M USD, estimate 91.87M USD, surprise +4.56%, Beat. Q1 2026, reported Feb 5, 2026: actual 92.85M USD, estimate 92.32M USD, surprise +0.57%, Beat. Q2 2026, reported Apr 29, 2026: actual 74.25M USD, estimate 72.53M USD, surprise +2.37%, Beat. Q3 2026, reported Jul 29, 2026: actual 108.37M USD, estimate 104.6M USD, surprise +3.60%, Beat. Q4 2026, reported Oct 28, 2026: actual —, estimate 107.43M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$178.83

8.03% upside
Past 12 months12-month forecastHigh $220Average $178.83Low $144

Rating distribution

22 ratings
Strong buy00%
Buy1673%
Hold627%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
JefferiesmaintainBuy
Roth CapitalmaintainBuy

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