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)442.78K
Market Cap
$3.92B
Enterprise Value$4.00B
Total Cash (Recent Filing)$131.84M
Total Debt (Recent Filing)$265.07M
Price to Earnings (P/E)―
Beta2.21
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. Volume436,878
30 Day Avg. Volume442,779
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 Cap1.02
Enterprise Value/Revenue11.07
Enterprise Value/Gross Profit21.16
Enterprise Value/Ebitda-463.18
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)$373.26M
Bulls Say, Bears Say
Bulls Say
Cash GenerationImpinj generates positive operating and free cash flow across 2024–2025 and TTM, providing durable internal funding for R&D, capex and the ASIC ramp. Strong cash conversion despite net losses improves runway, supports opportunistic debt actions, and cushions execution risk over months.
Market Share & BookingsRecord endpoint IC bookings and a 1,700 bp market share gain signal durable demand and strengthened competitive position in retail and logistics. Large OEM/end-customer engagements and bookings beyond lead times point to multi-quarter revenue visibility and higher likelihood of sustained volume growth.
Product & Technology LeadershipAdvances in Gen2X, improved M800 read range, and edge ML-capable readers deepen product differentiation. These technical advantages increase solution stickiness, raise switching costs for customers, and support broader enterprise adoption across retail and supply chain over the medium term.
Bears Say
Elevated LeverageLeverage remains elevated with debt exceeding equity in 2025 and still high in the TTM period, limiting financial flexibility. If profitability fails to normalize, interest and principal demands could constrain reinvestment, strategic optionality and increase refinancing risk over the coming quarters.
Revenue & Profitability InstabilityAfter strong prior expansion, revenue cooled and is essentially flat-to-down while GAAP net losses persisted. Stable gross margins have not translated to consistent operating or net profits, raising execution risk that could impair sustained reinvestment and debt servicing if trend persists.
Systems Revenue VolatilitySystems revenue is lumpy and tied to large enterprise CapEx timing, creating quarter-to-quarter swings in top-line and margins. This volatility undermines forecasting accuracy and operating leverage, making near-term profitability and cash generation vulnerable to timing of a few large 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 $3.92B.
When is IMPINJ Inc’s upcoming earnings report date?
IMPINJ Inc’s upcoming earnings report date is Jul 29, 2026 which is in 34 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 $42.1M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Neutral
Last 7 Days >0.1%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
Technicals
SMA
Negative
20 days / 200 days
Momentum
18.73%
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., 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.
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