Impinj (NASDAQ:PI) Issues Q3 2026 Earnings Guidance

Impinj (NASDAQ:PI) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.590-0.630 for the period, compared to the consensus earnings per share estimate of -0.010. The company issued revenue guidance of $105.5 million-$108.5 million, compared to the consensus revenue estimate of $98.6 million.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore set a $144.00 price target on Impinj in a research note on Thursday, April 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 price objective on shares of Impinj in a research note on Thursday. Zacks Research raised shares of Impinj from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Barclays raised their target price on Impinj from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, UBS Group lifted their price target on Impinj from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.22.

Impinj Price Performance

Shares of PI traded up $7.60 during midday trading on Thursday, hitting $146.90. 802,216 shares of the company traded hands, compared to its average volume of 571,344. The stock has a 50-day moving average of $137.77 and a 200-day moving average of $130.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 9.20 and a quick ratio of 6.55. Impinj has a one year low of $87.36 and a one year high of $247.06. The firm has a market cap of $4.47 billion, a P/E ratio of -159.70 and a beta of 1.92.

Impinj (NASDAQ:PI) last posted its earnings results on Wednesday, July 29th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.80 by $0.06. Impinj had a positive return on equity of 5.67% and a negative net margin of 7.66%.The business had revenue of $108.37 million during the quarter, compared to analysts’ expectations of $104.60 million. During the same period in the previous year, the business earned $0.80 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. Impinj has set its Q3 2026 guidance at 0.590-0.630 EPS. As a group, sell-side analysts predict that Impinj will post 0.28 EPS for the current fiscal year.

Insider Activity

In other Impinj news, Director Sylebra Capital Llc sold 12,105 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $127.36, for a total value of $1,541,692.80. Following the completion of the sale, the director owned 782,943 shares in the company, valued at approximately $99,715,620.48. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 265,124 shares of company stock valued at $36,565,887 over the last quarter. 6.80% of the stock is owned by company insiders.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Q2 results exceeded expectations: Impinj reported adjusted EPS of $0.86, above the $0.80–$0.81 consensus range, while revenue reached $108.4 million, exceeding the approximately $104.6 million estimate and rising 10.7% year over year. Gross profit increased 12.2% to $63.5 million, and operating cash flow was $31.6 million. Impinj Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong Q3 outlook: Management expects third-quarter revenue of $105.5 million to $108.5 million, above the roughly $98.6 million analyst forecast. EPS guidance of $0.59 to $0.63 is also substantially ahead of the reported consensus estimate, signaling confidence in demand and profitability. The company specifically pointed to acceleration in endpoint IC demand. Impinj Expects Q3 Revenue and Endpoint IC Demand Acceleration
• Positive Sentiment: Analyst remains bullish: Cantor Fitzgerald reaffirmed its “overweight” rating and raised or set a $200 price target, implying meaningful upside from recent trading levels. Cantor Fitzgerald Rating Update
• Neutral Sentiment: Institutional positioning is mixed: Recent filings showed 154 institutional investors adding shares and 145 reducing positions, indicating continued interest but no clear consensus among large investors.
• Negative Sentiment: Insider selling remains a risk signal: Reported insider activity over the past six months included 10 sales and no purchases, totaling approximately 239,228 shares. This could temper enthusiasm if investors interpret the transactions as profit-taking or reduced insider conviction.

Hedge Funds Weigh In On Impinj

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Impinj by 4.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,467 shares of the company’s stock valued at $429,000 after purchasing an additional 97 shares during the last quarter. Xponance LLC raised its holdings in Impinj by 4.9% in the fourth quarter. Xponance LLC now owns 2,138 shares of the company’s stock worth $372,000 after buying an additional 99 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Impinj by 35.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 384 shares of the company’s stock valued at $65,000 after buying an additional 100 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Impinj by 41.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 340 shares of the company’s stock valued at $59,000 after acquiring an additional 100 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Impinj by 2.9% during the 4th quarter. Corient Private Wealth LLC now owns 3,808 shares of the company’s stock valued at $662,000 after purchasing an additional 108 shares during the last quarter.

Impinj Company Profile

Impinj, Inc, headquartered in Seattle, Washington, develops Radio Frequency Identification (RFID) solutions designed to connect everyday items to the internet. Founded in 2000, the company pioneered RAIN RFID technology with a focus on transforming supply chain and inventory processes across retail, healthcare, airport baggage handling and manufacturing. Impinj’s platform comprises RAIN RFID tag chips, fixed and handheld RFID readers, gateways, antennas and connectivity modules that enable real-time visibility of tagged items.

Impinj’s product portfolio is built around its core RAIN RFID ecosystem, offering tag chips for high-volume production (Monza series), reader chips for integration into third-party devices and complete reader and gateway systems (Speedway series and xArray).