Impinj (PI) Stock Overview
Operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for PI from our risk checks.
PI Community Fair Values
Create NarrativeSee what 32 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Impinj, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$176.82 |
| 52 Week High | US$247.06 |
| 52 Week Low | US$87.36 |
| Beta | 1.92 |
| 1 Month Change | 2.42% |
| 3 Month Change | 36.42% |
| 1 Year Change | -7.33% |
| 3 Year Change | 187.33% |
| 5 Year Change | 224.92% |
| Change since IPO | 883.97% |
Recent News & Updates
Narrative Update • Sep 04
PI: Higher 2026 Guidance And Margins Will Support Balanced Future Demand
Analysts have increased their price target on Impinj from $175.00 to about $180.89, citing updated assumptions around revenue growth, profit margins, and a lower future P/E in their broader valuation work. What’s in the News for Impinj Impinj issued earnings guidance for the third quarter of 2026, setting expected revenue between US$105.5 million and US$108.5 million.Seeking Alpha • Aug 22
Impinj: Priced For Perfection, But The Core Business Is Far From It
Summary Impinj receives a Sell rating due to overvaluation and reliance on licensing revenue from NXP, which masks core profitability weakness. PI's core adjusted EBITDA margin is only 15% after excluding the $17M NXP settlement, highlighting modest underlying profitability. A major customer is shifting to custom ASICs, increasing inventory and revenue risks, while NXP could cancel its annual $17M payment. PI trades at an EV/EBITDA of 64x and P/E over 43x, making it highly sensitive to any slowdown or loss of licensing income. Read the full article on Seeking Alpha
Narrative Update • Aug 21
PI: Earnings Guidance And Margin Outlook Will Support Further Upside
Analysts have raised their price target on Impinj from $200 to $220, citing updated assumptions for slightly higher revenue growth, a modestly stronger profit margin, and a lower future P/E multiple. What’s in the News for Impinj Impinj issued earnings guidance for the third quarter ending September 30, 2026, giving investors a fresh data point on expected financial performance.Analysis Article • Aug 01
Earnings Beat: Impinj, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Impinj, Inc. ( NASDAQ:PI ) defied analyst predictions to release its quarterly results, which were ahead of market...Recent updates
Narrative Update • Sep 04
PI: Higher 2026 Guidance And Margins Will Support Balanced Future Demand
Analysts have increased their price target on Impinj from $175.00 to about $180.89, citing updated assumptions around revenue growth, profit margins, and a lower future P/E in their broader valuation work. What’s in the News for Impinj Impinj issued earnings guidance for the third quarter of 2026, setting expected revenue between US$105.5 million and US$108.5 million.Seeking Alpha • Aug 22
Impinj: Priced For Perfection, But The Core Business Is Far From It
Summary Impinj receives a Sell rating due to overvaluation and reliance on licensing revenue from NXP, which masks core profitability weakness. PI's core adjusted EBITDA margin is only 15% after excluding the $17M NXP settlement, highlighting modest underlying profitability. A major customer is shifting to custom ASICs, increasing inventory and revenue risks, while NXP could cancel its annual $17M payment. PI trades at an EV/EBITDA of 64x and P/E over 43x, making it highly sensitive to any slowdown or loss of licensing income. Read the full article on Seeking AlphaNarrative Update • Aug 21
PI: Earnings Guidance And Margin Outlook Will Support Further Upside
Analysts have raised their price target on Impinj from $200 to $220, citing updated assumptions for slightly higher revenue growth, a modestly stronger profit margin, and a lower future P/E multiple. What’s in the News for Impinj Impinj issued earnings guidance for the third quarter ending September 30, 2026, giving investors a fresh data point on expected financial performance.Analysis Article • Aug 01
Earnings Beat: Impinj, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Impinj, Inc. ( NASDAQ:PI ) defied analyst predictions to release its quarterly results, which were ahead of market...Narrative Update • Jun 26
PI: Higher Q2 2026 Guidance And Profitability Outlook Will Support Future Demand
Analysts have raised their price target on Impinj stock from $167 to $175, citing updated assumptions around revenue growth, profit margins and future P/E multiples as key drivers of the revised target. What’s in the News for Impinj Impinj issued earnings guidance for the second quarter ending June 30, 2026, outlining expected revenue in a range of US$103.0 million to US$106.0 million.Analysis Article • Jun 17
Impinj (PI) Stock Could Be 26.1% Undervalued Despite Insider Selling Concerns
Insider Selling and Valuation Concerns Put Impinj Stock in Focus Impinj (PI) shares fell 5.0% on June 16, 2026, after renewed attention on valuation, with the stock trading 5.5% above its estimated intrinsic value and recent insider selling totaling US$49.4 million. See our latest analysis for Impinj. The latest drop in Impinj's share price fits into a mixed picture, with a 23.29% 90 day share price return contrasting with a year to date share price decline of 31.35%. At the same time, the 5...
Narrative Update • Jun 11
PI: Higher Margins And Earnings Outlook Will Support Longer Term Upside Potential
Analysts have raised their price target on Impinj to $146.61 from $125.18, citing updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E. What's in the News Impinj stock fell 5.3% in the afternoon session after a reported Apache helicopter incident over the Strait of Hormuz renewed geopolitical uncertainty for the semiconductor sector, according to recent coverage in "Penguin Solutions, AMD, and Impinj Stocks Trade Down, What You Need To Know" (source: recent news report, 9 June 2026).Narrative Update • May 28
PI: Margin Outlook And Earnings Guidance Will Support Future Upside
Analysts have maintained their $200.00 price target on Impinj, citing modest adjustments to assumptions, including a slightly higher discount rate, small changes to revenue growth and profit margin expectations, and a stable future P/E outlook that together support keeping the prior valuation view. What's in the News Impinj issued earnings guidance for the quarter ending June 30, 2026, with revenue projected between $103.0 million and $106.0 million (Key Developments).Narrative Update • May 01
PI: Wider Q1 2026 Loss Outlook Will Restrain Longer Term Upside Potential
Analysts now set Impinj's price target at $125.18, up from $117.58, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple in their models. What's in the News Impinj issued new earnings guidance for the first quarter ending March 31, 2026, giving investors a clearer view of near term expectations.Narrative Update • Apr 17
PI: Stable Outlook And Q1 2026 Guidance Will Support Future Demand
Analysts left their $167.00 price target for Impinj unchanged, while making only very small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, signaling a steady overall view of the stock’s valuation framework. What's in the News Impinj issued new earnings guidance for the first quarter ending March 31, 2026, giving investors an updated view of expected financial results.Narrative Update • Apr 02
PI: Licensing Deal And Long Term Outlook Will Support Future Demand
Analysts have revised their price target for Impinj to $167, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that are now set at 167.0, 10.95%, 18.14%, 11.50% and 113.20 respectively. What's in the News Impinj issued earnings guidance for the quarter ending March 31, 2026, with expected revenue between US$71.0 million and US$74.0 million, a GAAP net loss between US$16.6 million and US$15.1 million, and a GAAP diluted net loss per share between US$0.55 and US$0.49 (Key Developments).Narrative Update • Mar 19
PI: Licensing Deal And Margin Outlook Will Support Future Upside
Analysts have adjusted their price target on Impinj to $200 from $220, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E that slightly reshape their valuation outlook. What's in the News Impinj issued earnings guidance for the first quarter ending March 31, 2026, with expected revenue in the range of US$71.0 million to US$74.0 million (Key Developments).Narrative Update • Mar 05
PI: Licensing Deal And Long-Term Margin Outlook Will Drive Future Upside
Analysts have raised their Impinj price target from $145.00 to $220.00. This change reflects updated assumptions around higher modeled revenue growth, a revised discount rate, a slightly different long-run profit margin, and a higher future P/E multiple.Narrative Update • Feb 18
PI: Licensing Progress And Softer Margins Will Shape A Balanced Longer Term Outlook
Analysts have reset their price target framework for Impinj from a fair value estimate of $190.00 to about $117.58, reflecting updated views on revenue growth, profit margins, discount rate, and future P/E assumptions. What's in the News Impinj issued earnings guidance for Q1 2026, calling for revenue between US$71.0 million and US$74.0 million.Narrative Update • Feb 04
PI: Gen2X Rollout And Licensing Expansion Will Support A Higher Future Multiple
Analysts have revised their fair value estimate for Impinj to $190.00 from $200.00, reflecting updated assumptions on revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News Impinj announced a licensing agreement with EM Microelectronic to integrate Impinj Gen2X technology into future EM dual frequency endpoint ICs, with commercial availability for these Gen2X enabled ICs expected in 2027 (Key Developments).Narrative Update • Jan 21
PI: Licensing Wins And Gen2X Adoption Will Support A Higher Future Multiple
Analysts have lifted their fair value estimate for Impinj from US$100.00 to US$200.00. They cite updated assumptions that include higher modeled revenue growth, a different discount rate, a lower projected profit margin, and a higher future P/E multiple.Analysis Article • Jan 09
What Impinj, Inc.'s (NASDAQ:PI) 33% Share Price Gain Is Not Telling You
Impinj, Inc. ( NASDAQ:PI ) shareholders would be excited to see that the share price has had a great month, posting a...Narrative Update • Jan 07
PI: Gen2X Rollout And Expanded Office Lease Will Support Future Demand
Analysts have modestly increased their price target on Impinj to US$241.11, citing small adjustments to the discount rate and forward P/E assumptions, while keeping revenue growth and profit margin expectations effectively unchanged. What's in the News Impinj unveiled new Gen2X features at its 2025 Gen2X Solutions Developers Conference, aimed at inhibiting fraudulent items and tags, reducing stray tag reads, and helping readers locate tags of interest in retail and industrial settings (Key Developments).Narrative Update • Dec 22
PI: Extended Office Lease Will Support Future RAIN RFID Ecosystem Demand
Analysts have modestly adjusted their price target on Impinj, keeping fair value effectively unchanged at approximately 241.11 dollars. A slightly higher discount rate and largely intact long term growth and margin assumptions support a stable long term valuation outlook.Narrative Update • Dec 08
PI: Expanded Office Lease Will Support Long-Term RAIN RFID Ecosystem Demand
Analysts have modestly raised their price target on Impinj to approximately 241.11 dollars, citing slightly lower discount rate assumptions that marginally increase the stock's implied fair value. What's in the News Impinj unveiled new Gen2X innovations at its 2025 Gen2X Solutions Developers Conference, introducing capabilities that inhibit counterfeit tags and items, reduce stray tag reads, and help readers focus on tags of interest in retail and industrial environments (Key Developments).Narrative Update • Nov 24
PI: Expanded Lease And Office Space Expected To Fuel Revenue Momentum
Narrative Update on Impinj Price Target Analysts have revised their price target for Impinj downward from $246.25 to $241.11. This change reflects slightly lower expectations for profit margins and higher projected discount rates.Narrative Update • Nov 06
PI: Lease Expansion and Rent Abatement Will Drive Revenue Outlook Higher
Analysts have raised their price target for Impinj from $186 to $246.25 per share, citing a more optimistic outlook for revenue growth. This comes despite a slightly higher discount rate and modest changes in other valuation metrics.Analysis Article • Oct 30
There's Reason For Concern Over Impinj, Inc.'s (NASDAQ:PI) Massive 34% Price Jump
Despite an already strong run, Impinj, Inc. ( NASDAQ:PI ) shares have been powering on, with a gain of 34% in the last...Narrative Update • Oct 22
Analysts Raise Impinj Price Target as Guidance and Valuation Metrics Show Stability
Analysts have slightly raised their price target for Impinj from $184.00 to $186.00. They cite minor adjustments to models that reflect stable revenue growth and profit margins.Narrative Update • Oct 08
RFID Traceability And Supply Chain Solutions Will Build Lasting Momentum
Analysts have raised their price target for Impinj from $175.57 to $184.00. This change reflects updated expectations for the company's future performance.Narrative Update • Aug 27
RFID Traceability And Supply Chain Solutions Will Build Lasting Momentum
Impinj’s consensus price target increased to $175.57 as a modest rise in its future P/E suggests slightly higher growth expectations, driving the fair value revision. What's in the News Impinj expects Q3 2025 revenue between $91.0 million and $94.0 million.Seeking Alpha • Apr 24
Impinj: Supply Chain Drama May Just Be Starting
Summary Impinj, Inc.'s strong results and guidance caused a 15% share price surge, but I remain cautious due to its 25x forward EBITDA and negative growth rates. Despite being debt-free, Impinj's valuation at 54x next year's EBITDA is unappealing, and I predict a challenging path back to $160 per share. Impinj's revenue growth is volatile and cyclical, with Q2 2025 guidance indicating further negative growth, making its 25x forward EBITDA valuation for PI stock hard to justify. Given macro uncertainty, shifting customer inventory patterns, and choppy top-line trends, I remain neutral on Impinj until I see more stability in its growth and pricing. Read the full article on Seeking AlphaSeeking Alpha • Mar 31
Impinj: Catalyzing Growth While Navigating Legal Challenges
Summary Impinj won its legal battle against NXP but expects future lawsuits to continue draining resources. Revenue is growing, but Impinj remains unprofitable and burdened by heavy convertible debt. Free cash flow improved significantly, but its long-term sustainability remains uncertain. New technologies like item-level food tagging and Gen2X drive margin improvements in 2024. The stock appears overvalued, and investors should wait for a better entry point. Read the full article on Seeking AlphaShareholder Returns
| PI | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 2.5% | -1.3% | -0.9% |
| 1Y | -7.3% | 50.6% | 13.9% |
Return vs Industry: PI underperformed the US Semiconductor industry which returned 50.6% over the past year.
Return vs Market: PI underperformed the US Market which returned 13.9% over the past year.
Price Volatility
| PI volatility | |
|---|---|
| PI Average Weekly Movement | 7.9% |
| Semiconductor Industry Average Movement | 11.4% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: PI has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PI's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | 457 | Chris Diorio | www.impinj.com |
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item.
Impinj, Inc. Fundamentals Summary
| PI fundamental statistics | |
|---|---|
| Market cap | US$5.40b |
| Earnings (TTM) | -US$26.99m |
| Revenue (TTM) | US$371.53m |
14.5x
P/S Ratio-200.2x
P/E RatioIs PI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PI income statement (TTM) | |
|---|---|
| Revenue | US$371.53m |
| Cost of Revenue | US$175.15m |
| Gross Profit | US$196.38m |
| Other Expenses | US$223.37m |
| Earnings | -US$26.99m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.88 |
| Gross Margin | 52.86% |
| Net Profit Margin | -7.26% |
| Debt/Equity Ratio | 104.5% |
How did PI perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 07:43 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Impinj, Inc. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Guy Hardwick | Barclays |
| Thomas Walkley | Canaccord Genuity |
| Troy Jensen | Cantor Fitzgerald & Co. |