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

Impinj (NASDAQ:PI) issued its earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08, FiscalAI reports. The firm had revenue of $112.08 million for the quarter, compared to analysts’ expectations of $107.16 million. Impinj had a positive return on equity of 5.23% and a negative net margin of 7.26%.

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 Stock Performance

Shares of NASDAQ:PI traded up $1.67 during trading on Wednesday, hitting $176.48. 394,391 shares of the company were exchanged, compared to its average volume of 528,615. The company has a market cap of $5.39 billion, a PE ratio of -191.83 and a beta of 1.94. Impinj has a 52-week low of $87.36 and a 52-week high of $245.93. 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 stock has a 50 day moving average of $175.96 and a 200 day moving average of $144.77.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Impinj from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. BMO Capital Markets started coverage on Impinj in a research note on Thursday, August 20th. They issued an “outperform” rating and a $220.00 price target for the company. Jefferies Financial Group increased their price target on Impinj from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. 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. Finally, Needham & Company LLC reduced their price objective on shares of Impinj from $175.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Seven 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.70.

Insider Buying and Selling

In related news, Director Miron Washington sold 800 shares of Impinj stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director owned 4,354 shares of the company’s stock, valued at approximately $754,374.04. This trade represents a 15.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Cary Baker sold 8,892 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 80,388 shares of the company’s stock, valued at $14,871,780. The trade was a 9.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,121 shares of company stock worth $2,047,993 in the last ninety days. 6.80% of the stock is currently owned by insiders.

Impinj Company Profile

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.