IMPINJ Inc (PI)
NASDAQ:PI
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.8Last Year’s EPS
0.8Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
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.Company Guidance
Record Endpoint IC Bookings and Material Market Share Gain
Company reported all-time record endpoint IC bookings driven by a custom ASIC ramp at a large North American supply chain/logistics end user, retailer rebuys, and customers booking beyond standard lead times. RAIN Alliance industry volumes showed Impinj's market share grew 1,700 basis points (17 percentage points) over 2024.
Strong Q2 Outlook with Year‑over‑Year Revenue Growth
Management guided Q2 revenue of $103 million to $106 million, implying a midpoint year‑over‑year increase of ~7% versus Q2 2025 ($97.9M). They expect adjusted EBITDA of $27.8M to $29.3M and non‑GAAP net income of $24.6M to $26.1M (EPS $0.77–$0.82).
Endpoint IC Revenue Resilience
Q1 endpoint IC product revenue was $63.2 million, up 3% year‑over‑year from $61.2M (but down 16% sequentially). Endpoint IC revenue exceeded expectations driven by 'turns' orders and healthy bookings.
Custom ASIC Ramp and Upstream Expansion Opportunity
Shipped meaningful volumes of a custom ASIC in Q1 with volumes expected to more than double in Q2 and full customer conversion before year‑end. ASIC opens potential to migrate upstream to customers' customers across a double‑digit number of accounts.
Product & Solutions Advances (Gen2X, M800, Edge ML)
Investments in software/solutions and hardware: upgraded reader processor/memory to support machine learning at the edge; Gen2X advances including reader/IC updates that can improve M800 tag read range by up to 25%; prior reader sensitivity improvements extended hearing range >40%. These drive enterprise solutions and preference for Impinj ICs.
Healthy Channel Inventory and Execution
Inlay partner inventory declined sequentially as expected, leaving the company entering Q2 with healthy channel inventory and 'clear air' to execute demand fulfillment.
Balance Sheet Actions and Liquidity Management
Ended Q1 with $235.2 million in cash, cash equivalents and investments and opportunistically repurchased $40.2 million aggregate principal of 1.125% convertible notes due 2027, reducing potential dilution by roughly 400,000 shares.
Retail, Food, and General Merchandise Traction
Retail apparel now in mainstream adoption with new end users (including a large European brand) and demonstrated Gen2X readability gains at large Asia-based lifestyle brand. Food bakery rollout on track to double deployed stores this year; European grocer exceeded self‑checkout readability targets and is moving toward a store pilot. Focus on cosmetics, personal care and health for general merchandise expansion.
PI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $120.04 | $144.92 | +20.73% |
Feb 05, 2026 | $153.83 | $116.04 | -24.57% |
Oct 29, 2025 | $241.91 | $206.08 | -14.81% |
Jul 30, 2025 | $122.21 | $154.58 | +26.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does IMPINJ Inc (PI) report earnings?
IMPINJ Inc (PI) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is IMPINJ Inc (PI) earnings time?
IMPINJ Inc (PI) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PI EPS forecast?
PI EPS forecast for the fiscal quarter 2026 (Q2) is 0.8.