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PI

Impinj, Inc.

PI

NASDAQ·Technology·Semiconductors·Mkt cap $4.4B

$141.58

-1.41%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$87.36 - $247.06

P/E

-154.26

Fwd P/E

75.25

Beta

1.92

Div Yield

0.00%

Avg Vol

477.3K

Shares Out

30.2M

Mkt Cap

$4.4B

Price action

Price chart

Up 26.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary RFID chip and reader technology with established market leadership
  • Integrated cloud platform enabling real-time item tracking and data analytics
  • Extensive ecosystem of system integrators and software partners driving adoption
  • Deep domain expertise across retail, supply chain, healthcare, and industrial verticals

Bear Case

2 risks

  • Above-average volatility (beta 1.9).
  • Extreme premium - high expectations embedded

Growth

Turning profitable

Increasing enterprise demand for supply chain visibility and IoT connectivity

Value

Extreme premium - high expectations embedded

Momentum

Hot

+43.0% over 3m

Quality

Strong

Solid business

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 21, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.14 vs $0.11 consensus (+27.3% surprise). Revenue of $74.3M vs $72.5M expected (+2.4%). Beat on both top and bottom lines.

EPS beat +27.3%
Rev beat +2.4%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+27.3%

Next: Apr 21, 2026

Revenue trend · last 8Q

+30%

-3%

-4%

+1%

+1%

-0%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$102.5M

$95.2M

$91.6M

$74.3M

$97.9M

$96.1M

$92.8M

$74.3M

Margins · last 8Q

Gross

Operating

Profit

-34.0%

Wall Street consensus

7 analysts · 71% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

71%

Hold

2

29%

Sell

0%

Median Price Target

$175.00

+23.6% vs $141.58

Low $144.00
Median $175.00
High $176.00

Latest: Barclays · $176.00 · May 1, 2026

3 analysts covering

vs Industry

How PI stacks vs Semiconductors

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

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Peers & themes