The earnings call highlighted significant achievements in revenue and EBITDA, with strong product performance and gross margins. However, challenges persist with year-over-year revenue declines and tariff-related uncertainties affecting future guidance.

Company Guidance

In the Impinj Second Quarter 2025 Financial Results Conference Call, the company provided comprehensive guidance and metrics for the upcoming quarters. Impinj reported second-quarter revenue of $97.9 million, a 32% sequential increase, but a 4% decrease year-over-year. For the third quarter, the company expects revenue to range between $91 million and $94 million, with an adjusted EBITDA between $15.6 million and $17.1 million. The second quarter saw an adjusted EBITDA of $27.6 million, marking a record quarterly margin of 28.2%. Impinj's endpoint IC revenue rose to $84.6 million, up 38% sequentially, although down 5% year-over-year. Systems revenue increased slightly to $13.3 million. The company achieved a gross margin of 60.4%, attributed to licensing revenue and a richer M800 product mix. Looking ahead, Impinj anticipates further gross margin improvements driven by M800 mix and lower-cost wafer sell-through, expecting third-quarter product gross margin to rise sequentially. The company also underscored the ongoing strength in their solutions strategy and the promising outlook for endpoint IC product revenue growth, further supported by robust demand in the food and supply chain logistics sectors.

Revenue Exceeds Expectations

Second quarter revenue was $97.9 million, up 32% sequentially and exceeded the upper end of the guide range.

Record Quarterly Adjusted EBITDA

Adjusted EBITDA was $27.6 million, marking a new quarterly record with a margin of 28.2%.

Strong Endpoint IC Performance

Second quarter endpoint IC revenue was $84.6 million, up 38% sequentially. The book-to-bill ratio was strong, exceeding expectations.

Innovative Product Adoption

Gen2X and M800 are driving demand, with significant adoption in retail loss analytics and inventory management, particularly in apparel and food sectors.

Improved Gross Margin

Second quarter gross margin was 60.4%, driven by licensing revenue and a richer mix of M800 products.

IMPINJ (PI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.49 / -	0.56	―	―	―
Jul 30, 2025	2025 (Q2)	0.70 / 0.80	0.83	-3.61% (-0.03)
Apr 23, 2025	2025 (Q1)	0.08 / 0.21	0.21	0.00% (0.00)
Feb 05, 2025	2024 (Q4)	0.48 / 0.48	0.09	433.33% (+0.39)
Oct 23, 2024	2024 (Q3)	0.48 / 0.56	0	―
Jul 24, 2024	2024 (Q2)	0.74 / 0.83	0.33	151.52% (+0.50)
Apr 24, 2024	2024 (Q1)	0.10 / 0.21	0.3	-30.00% (-0.09)
Feb 08, 2024	2023 (Q4)	0.02 / 0.09	0.41	-78.05% (-0.32)
Oct 25, 2023	2023 (Q3)	-0.09 / 0.00	0.34	―
Jul 26, 2023	2023 (Q2)	0.31 / 0.33	0.11	200.00% (+0.22)

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
Jul 30, 2025	$122.21	$154.58	+26.49%
Apr 23, 2025	$77.07	$89.75	+16.45%
Feb 05, 2025	$127.06	$107.76	-15.19%
Oct 23, 2024	$222.46	$192.21	-13.60%

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 Oct 22, 2025, After Close (Confirmed).

What is IMPINJ Inc (PI) earnings time?

IMPINJ Inc (PI) earnings time is at Oct 22, 2025, 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 2025 (Q3) is 0.49.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing