Impinj (NASDAQ:PI) Releases Earnings Results, Meets Estimates

Impinj (NASDAQ:PI) posted its earnings results on Thursday. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50, FiscalAI reports. Impinj had a positive return on equity of 8.15% and a negative net margin of 3.45%.The firm had revenue of $92.85 million for the quarter, compared to analyst estimates of $91.87 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Impinj’s revenue for the quarter was up 1.4% compared to the same quarter last year. 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 Price Performance

NASDAQ:PI traded up $1.61 during mid-day trading on Thursday, hitting $153.83. The company’s stock had a trading volume of 864,020 shares, compared to its average volume of 703,858. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of -349.61 and a beta of 1.56. The company has a current ratio of 2.67, a quick ratio of 1.97 and a debt-to-equity ratio of 0.94. Impinj has a fifty-two week low of $60.85 and a fifty-two week high of $247.06. The stock has a fifty day moving average of $168.27 and a 200-day moving average of $173.45.

More Impinj News

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

Analyst Upgrades and Downgrades

PI has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of Impinj from $236.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Barclays lifted their price target on shares of Impinj from $200.00 to $211.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Roth Mkm restated a “buy” rating and issued a $235.00 price objective on shares of Impinj in a research note on Thursday, October 30th. Piper Sandler lifted their target price on Impinj from $180.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, UBS Group decreased their target price on Impinj from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $225.22.

Insider Buying and Selling at Impinj

In related news, insider Sylebra Capital Llc sold 134,629 shares of the firm’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 transaction of $20,242,816.44. Following the completion of the transaction, the insider owned 1,132,152 shares in the company, valued at $170,230,374.72. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 672,780 shares of company stock valued at $106,355,666. Corporate insiders own 12.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Kelleher Financial Advisors bought a new position in shares of Impinj in the 3rd quarter worth $66,000. Advisors Asset Management Inc. raised its position in Impinj by 39.9% in the 1st 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. Advisory Services Network LLC acquired a new stake in shares of Impinj in the third quarter valued at approximately $129,000. Integrated Wealth Concepts LLC acquired a new stake in Impinj in the 3rd quarter valued at $226,000. Finally, Scientech Research LLC acquired a new stake in shares of Impinj in the third quarter valued at about $253,000.

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).