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

1,395 Followers

PI Stock Chart & Stats

$130.29
$2.56(1.96%)
At close: 4:00 PM EDT
$130.29
$2.56(1.96%)

Bulls Say, Bears Say

Bulls Say
Free Cash Flow StrengthSustained, high-quality cash generation (TTM OCF ~$71.6M, FCF ~$63M, FCF growth ~305%) provides durable funding for capex, inventory support, and strategic investments. Strong cash cover of interest improves flexibility to invest in solutions and weather cyclical demand shifts.
Endpoint IC Volume MomentumRecord endpoint IC revenue and unit volumes signal durable end-market adoption of RAIN RFID components across retail and supply chain. Higher unit adoption underpins recurring OEM relationships and long-run revenue scalability as tagging rates and supply-chain digitization expand.
Improving Product Margins & SupplyRecord gross margins and rising product margins reflect favorable product mix (reader IC growth, Gen2X) and pricing power. Confirmed wafer supply from foundry reduces execution risk and supports margin sustainability as volumes scale, enabling better long-term profitability.
Bears Say
Elevated LeverageDebt exceeding equity (D/E ~1.3) leaves less financial cushion during demand shocks and constrains strategic flexibility. Even with improved equity, leverage requires continued strong cash flows to sustain investment programs and shareholder returns without increasing refinancing risk.
Profitability VolatilityDespite recent records, persistent TTM losses and swings between profit and loss reduce predictability of earnings and raise execution risk. Volatile margins complicate resource allocation and make multi-quarter planning for R&D and solutions expansion harder without consistent profitability.
Channel & Systems Demand Timing RiskWeak systems revenue and acknowledged channel inventory timing issues reveal dependency on partner replenishment cycles. This creates uneven demand recognition, risks of inventory-led pull-ins or lulls, and makes sustainable growth reliant on partners rebuilding inventories and predictable bookings.

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 $4.62B.
      When is IMPINJ Inc’s upcoming earnings report date?
      IMPINJ Inc’s upcoming earnings report date is Oct 28, 2026 which is in 83 days.
        How were IMPINJ Inc’s earnings last quarter?
        IMPINJ Inc released its earnings results on Jul 29, 2026. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.795 by $0.065.
          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 0.61.
              How many shares outstanding does IMPINJ Inc have?
              IMPINJ Inc has 30,554,413 shares outstanding.
                What happened to IMPINJ Inc’s price movement after its last earnings report?
                IMPINJ Inc reported an EPS of $0.86 in its last earnings report, beating expectations of $0.795. Following the earnings report the stock price went up 5.879%.
                  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 Company Deck

                    PI Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call communicated multiple operational and financial milestones — record revenue, record adjusted EBITDA and EPS, record endpoint IC volumes and strong Q3 guidance — supported by product mix improvements, Gen2X adoption and an ahead-of-schedule custom ASIC ramp that improves channel visibility. Key risks include a YoY decline in systems revenue, historical channel inventory timing issues (and modest tariff‑driven pull-ins), operational complexity from custom ASICs, competitive product introductions, and several important new markets (food, DPP) still in pilot/early stages. On balance, the company presented strong growth, profitability and cash generation with manageable execution and timing risks.View all PI earnings summaries

                    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

                    $176.14
                    ▲(35.19% Upside)
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15,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":174.01,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 7,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":148.03,"date":1769904000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n   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