IMPINJ Inc (PI)
NASDAQ:PI
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PI Stock Chart & Stats
$112.28
-$2.21(-1.48%)
At close: 4:00 PM EST
$112.28
-$2.21(-1.48%)
Day’s Range― - ―
52-Week Range$87.36 - $247.06
Previous CloseN/A
Volume99.81K
Average Volume (3M)555.67K
Market Cap
$4.60B
Enterprise Value$4.83B
Total Cash (Recent Filing)$131.84M
Total Debt (Recent Filing)$265.07M
Price to Earnings (P/E)―
Beta2.09
Next Earnings
Jul 29, 2026EPS Estimate
0.8Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.91
Shares Outstanding30,459,185
10 Day Avg. Volume455,113
30 Day Avg. Volume555,672
Financial Highlights & Ratios
PEG Ratio3.75
Price to Book (P/B)24.35
Price to Sales (P/S)14.11
P/FCF Ratio111.05
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue13.38
Enterprise Value/Gross Profit25.58
Enterprise Value/Ebitda-452.23
Forecast
1Y Price Target
$171.43Price Target Upside52.68% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.69
Revenue Forecast (FY)$373.27M
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationSustained positive operating and free cash flow across 2024–2025 and TTM shows durable cash conversion despite GAAP losses. This supports ongoing R&D, capex and opportunistic debt repurchases, reducing liquidity risk and providing flexibility to fund growth or weather cyclicality over the next 2–6 months.
Record Endpoint IC Bookings & Market Share GainsRecord bookings and a 1,700 bps market share gain reflect widening competitive advantage in the RAIN RFID endpoint market. Strong design wins and backlog increase revenue visibility, deepen partner relationships, and make future revenue streams more durable as large customers convert to Impinj solutions.
Product & Solutions Technology LeadershipMeaningful read‑range gains and edge ML capabilities strengthen product differentiation and deliver practical performance benefits for retail and supply‑chain customers. Technical leadership increases switching costs, supports premium positioning, and helps sustain gross margins and long‑term enterprise adoption.
Bears Say
Elevated LeverageLeverage materially above 1x limits financial flexibility and increases risk if earnings fail to normalize. With debt service and potential covenant or refinancing considerations, elevated leverage constrains strategic options and magnifies downside from cyclical or execution setbacks over coming quarters.
Top-line StagnationAfter prior rapid expansion, revenue cooling to flat or slightly negative undermines operating leverage and raises questions about sustained end‑market demand. Slower growth lengthens the timeline for converting gross profitability into consistent net income and constrains margin expansion.
Inconsistent Profitability And Margin VolatilitySharp quarter‑to‑quarter EBITDA swings and GAAP losses show profitability is fragile and exposed to mix, utilization, and timing of systems deals. Volatile profits weaken the balance sheet recovery story, hamper reinvestment capacity, and raise execution risk during customer deployments.
IMPINJ News
PI FAQ
What was IMPINJ Inc’s price range in the past 12 months?
IMPINJ Inc lowest stock price was $87.36 and its highest was $247.06 in the past 12 months.
What is IMPINJ Inc’s market cap?
IMPINJ Inc’s market cap is $4.60B.
When is IMPINJ Inc’s upcoming earnings report date?
IMPINJ Inc’s upcoming earnings report date is Jul 29, 2026 which is in 57 days.
How were IMPINJ Inc’s earnings last quarter?
IMPINJ Inc released its earnings results on Apr 29, 2026. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.109 by $0.031.
Is IMPINJ Inc overvalued?
According to Wall Street analysts IMPINJ Inc’s price is currently Undervalued.
Does IMPINJ Inc pay dividends?
IMPINJ Inc does not currently pay dividends.
What is IMPINJ Inc’s EPS estimate?
IMPINJ Inc’s EPS estimate is 0.8.
How many shares outstanding does IMPINJ Inc have?
IMPINJ Inc has 30,459,185 shares outstanding.
What happened to IMPINJ Inc’s price movement after its last earnings report?
IMPINJ Inc reported an EPS of $0.14 in its last earnings report, beating expectations of $0.109. Following the earnings report the stock price went up 20.726%.
Which hedge fund is a major shareholder of IMPINJ Inc?
Currently, no hedge funds are holding shares in PI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
IMPINJ Stock Smart Score
Underperform
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Analyst Consensus
Moderate Buy
Average Price Target:
$171.43 (52.68% Upside)
$171.43 (52.68% Upside)
Blogger Sentiment
Neutral
PI Sentiment 50%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 696.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $9.5M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▲ 0.8%
Last 30 Days ▼ 5.8%
Last 30 Days ▼ 5.8%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
25.05%
12-Months-Change
Fundamentals
Return on Equity
-13.90%
Trailing 12-Months
Asset Growth
4.73%
Trailing 12-Months
Company Description
IMPINJ Inc
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end-users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
PI Company Deck
PI Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presented a mix of near‑term execution challenges and clear forward momentum. Q1 showed sequential revenue and profitability pressure (notably a 20% sequential revenue decline and a sharp drop in adjusted EBITDA), systems revenue timing issues, and gross margin headwinds from indirect costs and a production utilization issue. Offsetting these negatives were record endpoint IC bookings, a 1,700 basis‑point market share gain versus 2024, a visible custom ASIC ramp with volumes expected to more than double in Q2, product and Gen2X technology improvements (including up to +25% M800 read‑range gains), healthy channel inventory entering Q2, and a strong Q2 guide implying ~7% year‑over‑year revenue growth and materially higher adjusted EBITDA and non‑GAAP net income. Management’s prudent stance on the back half reflects macro caution but does not obscure sizable enterprise and retail opportunities. Balancing the substantial forward‑looking positives against the transient quarter‑specific headwinds yields a constructive outlook.View all PI earnings summariesPI Revenue Breakdown
76.23% Endpoint IC's
23.77% Systems
PI Stock 12 Month Forecast
Average Price Target
$171.43
▲(52.68% Upside)
Technical Analysis
Ownership Overview
13.04% Insiders
44.18% Mutual Funds
14.12% Other Institutional Investors
2.90% Public Companies and
Individual Investors