Impinj (NASDAQ:PI) Announces Q4 2026 Earnings Guidance

Key Points

• Impinj issued strong Q4 2026 guidance: The company expects EPS of $0.55–$0.60 and revenue of $104 million–$107 million, both above analyst consensus estimates of negative $0.04 EPS and $99.3 million in revenue.
• Impinj’s latest quarter also exceeded expectations, with EPS of $0.69 and revenue of $112.08 million, up 16.7% year over year. Management cited strengthening endpoint IC demand and growing M800 product demand.
• Analyst sentiment is generally positive but mixed: the stock has a “Moderate Buy” consensus rating and a $194.40 average price target, while some analysts remain cautious about valuation and the company’s negative net margin. Insiders sold approximately $2.05 million of shares during the latest quarter.

Impinj (NASDAQ:PI - Get Free Report) updated its fourth quarter 2026 earnings guidance on Friday morning. The company provided EPS guidance of 0.550-0.600 for the period, compared to the consensus estimate of -0.040. The company issued revenue guidance of $104.0 million-$107.0 million, compared to the consensus revenue estimate of $99.3 million.

Analyst Upgrades and Downgrades

PI has been the subject of several analyst reports. Susquehanna raised their price target on shares of Impinj from $175.00 to $225.00 and gave the company a "positive" rating in a research report on Thursday. Zacks Research downgraded shares of Impinj from a "strong-buy" rating to a "hold" rating in a report on Monday, August 31st. UBS Group lifted their price target on shares of Impinj from $175.00 to $180.00 and gave the company a "neutral" rating in a report on Thursday. Wall Street Zen raised shares of Impinj from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Impinj in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $194.40.

Impinj Stock Performance

Shares of PI stock opened at $182.55 on Friday. The business has a 50-day simple moving average of $176.48 and a 200-day simple moving average of $144.47. Impinj has a 52-week low of $87.36 and a 52-week high of $223.05. The stock has a market cap of $5.58 billion, a PE ratio of -553.17 and a beta of 1.94. The company has a quick ratio of 2.29, a current ratio of 3.28 and a debt-to-equity ratio of 0.80.

Impinj (NASDAQ:PI - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.08. The firm had revenue of $112.08 million during the quarter, compared to analysts' expectations of $107.16 million. Impinj had a negative net margin of 2.45% and a positive return on equity of 7.32%. Impinj's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. On average, equities analysts expect that Impinj will post 0.37 EPS for the current year.

Insider Activity

In other news, Director Miron Washington sold 800 shares of Impinj stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $173.26, for a total transaction of $138,608.00. Following the completion of the sale, the director directly owned 4,354 shares of the company's stock, valued at approximately $754,374.04. The trade was a 15.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Cary Baker sold 8,892 shares of Impinj stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $185.00, for a total value of $1,645,020.00. Following the sale, the chief financial officer directly owned 80,388 shares of the company's stock, valued at $14,871,780. This trade represents a 9.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,121 shares of company stock valued at $2,047,993 in the last quarter. Company insiders own 6.80% of the company's stock.

Key Headlines Impacting Impinj

Here are the key news stories impacting Impinj this week:

• Positive Sentiment: Third-quarter results exceeded expectations: Impinj reported adjusted earnings of $0.69 per share versus the $0.61 consensus estimate, while revenue of $112.08 million surpassed expectations of $107.16 million. Revenue increased 16.7% year over year, and earnings improved from $0.58 per share in the prior-year quarter. Impinj Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Endpoint IC demand is strengthening: Reports highlighted surging endpoint integrated-circuit revenue, record quarterly revenue and margin expansion, supporting the view that Impinj’s growth has reaccelerated. Impinj Endpoint IC Revenue
• Positive Sentiment: Management provided a solid outlook: Impinj expects fourth-quarter 2026 revenue of $104 million to $107 million, with demand for its M800 products driving a ramp in back-end production capacity. The outlook reinforces expectations for continued growth, though the midpoint is below third-quarter revenue. Impinj Q4 Outlook
• Positive Sentiment: Some analysts raised targets: Susquehanna lifted its target from $175 to $225 and assigned a positive rating, while Needham raised its target from $168 to $195 and maintained a buy rating.
• Neutral Sentiment: Analyst views remain mixed: UBS increased its target from $175 to $180 but kept a neutral rating, implying limited upside based on the cited reference price.
• Negative Sentiment: Valuation limits enthusiasm: A previously bearish analyst upgraded Impinj to hold, acknowledging the renewed growth story but cautioning that valuation metrics remain demanding. The company also continues to report a negative net margin, making execution and sustained demand especially important.

Impinj Company Profile

Impinj, Inc NASDAQ: PI develops technology for the Internet of Things (IoT) based on RAIN RFID, a wireless technology used to identify, locate and authenticate individual items. Its platform is designed to connect physical products, packages and assets to digital systems, helping organizations collect real-time information throughout supply chains and business operations.

The company offers a portfolio of RAIN RFID endpoint integrated circuits, reader chips, RFID readers and gateways, antennas, and cloud and software solutions.

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