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IMPINJ Inc (PI)
NASDAQ:PI
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IMPINJ (PI) Price & Analysis

1,397 Followers

PI Stock Chart & Stats

$112.28
-$2.21(-1.48%)
At close: 4:00 PM EST
$112.28
-$2.21(-1.48%)

Bulls Say, Bears Say

Bulls Say
Cash GenerationImpinj’s consistent positive operating and free cash flow across 2024–2025 and TTM shows strong cash conversion despite GAAP losses. Durable cash generation supports R&D, capex, and liquidity management, reducing reliance on equity issuance and enabling strategic investments over the medium term.
Record Endpoint IC Bookings & ASIC RampRecord bookings, a 1,700 bps market share gain, and a visible custom ASIC ramp indicate durable demand and deeper customer integration. Moving upstream via custom ASICs can lock in large accounts, raise switching costs, and sustain volume growth and pricing power across multiple quarters.
Product Competitive Advantage & MarginsSustainably healthy gross margins combined with Gen2X and M800 improvements (up to +25% read range) and edge ML capabilities deliver a technological moat. Better read performance and integrated software increase differentiation, supporting durable unit economics and long‑term customer preference.
Bears Say
Elevated LeverageAbove-average leverage limits financial flexibility and raises refinancing and covenant risk if profitability falters. With debt higher than equity in 2025, sustained earnings weakness would slow deleveraging, constrain M&A or opportunistic spending, and increase sensitivity to rising rates.
Revenue Cooling & Systems VolatilityTop-line momentum has cooled after prior expansion, and systems revenue shows pronounced timing volatility. If circuitous adoption or delayed enterprise CapEx persists, converting bookings into sustained revenue growth may be uneven, constraining predictable scale and margin leverage.
Inconsistent ProfitabilityEarnings remain inconsistent despite strong gross margins; sharp adjusted EBITDA swings and GAAP losses undermine free cash flow durability under stress. Persistent profitability volatility erodes investor and creditor confidence and makes long‑term reinvestment and de‑risking plans harder to execute.

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 $4.29B.
      When is IMPINJ Inc’s upcoming earnings report date?
      IMPINJ Inc’s upcoming earnings report date is Jul 29, 2026 which is in 12 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. Get more investment ideas with TipRanks Premium
            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

                    Company Description

                    IMPINJ Inc

                    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.

                    IMPINJ (PI) Earnings & Revenues

                    PI Revenue Breakdown

                    76.23%76.23%23.77%
                    76.23% Endpoint IC's
                    23.77% Systems
                    tipranks

                    PI Stock 12 Month Forecast

                    Average Price Target

                    $171.43
                    ▲(52.68% Upside)
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