Impinj (NASDAQ:PI) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Impinj (NASDAQ:PI) posted its quarterly earnings results on Wednesday. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06, FiscalAI reports. The business had revenue of $108.37 million for the quarter, compared to analyst estimates of $104.60 million. Impinj had a negative net margin of 7.66% and a positive return on equity of 5.67%. Impinj updated its Q3 2026 guidance to 0.590-0.630 EPS.

Impinj Stock Up 4.7%

Shares of NASDAQ:PI traded up $6.27 during trading on Wednesday, reaching $139.30. 805,558 shares of the stock were exchanged, compared to its average volume of 569,783. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. The stock has a fifty day moving average of $137.73 and a two-hundred day moving average of $131.13. Impinj has a 1-year low of $87.36 and a 1-year high of $247.06. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -151.41 and a beta of 1.92.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PI. Wall Street Zen cut Impinj from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Barclays boosted their price target on Impinj from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Evercore set a $144.00 price objective on Impinj in a research note on Thursday, April 30th. Weiss Ratings downgraded Impinj from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $175.00 target price on shares of Impinj in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $175.00.

Insider Activity

In other news, Director Sylebra Capital Llc sold 48,504 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $150.78, for a total value of $7,313,433.12. Following the completion of the sale, the director owned 973,667 shares in the company, valued at $146,809,510.26. This represents a 4.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 265,124 shares of company stock worth $36,565,887 over the last 90 days. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Impinj

A number of hedge funds and other institutional investors have recently modified their holdings of PI. Advisors Asset Management Inc. grew its holdings in shares of Impinj by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 140 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock worth $59,000 after acquiring an additional 100 shares during the period. Smartleaf Asset Management LLC boosted its position in Impinj by 35.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares during the last quarter. Kelleher Financial Advisors purchased a new position in Impinj in the third quarter worth $66,000. Finally, Advisory Services Network LLC bought a new position in Impinj in the 3rd quarter valued at $129,000.

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).