Impinj Posts Record $112.1M Q3 Revenue, Guides Q4 to $104-107M
PI has more than doubled off its 52-week low of $87.36.
Summary
Impinj reported record Q3 revenue of $112.1 million and GAAP EPS of $0.15, but guided Q4 revenue down to $104-107 million with GAAP EPS of just $0.04-0.08; the current portion of the 2021 Notes fell to $1.0 million from $96.7 million at December 31, 2025 after induced conversions and a $48.6 million capped call cash settlement election.
Updated with an SEC 10-Q filing · What changed
Updates
· SEC 10-Q — Impinj's 2021 Notes current portion fell to $1.0 million from $96.7 million at December 31, 2025, after induced conversions and a $48.6 million capped call cash settlement election.
Key Events · Earnings and Guidance · PI
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Updated · · SEC 10-Q
Balance Sheet After Note Exchanges and Capped Call
Cash and equivalents of $38.7 million plus $74.2 million short-term and $115.3 million long-term investments; current portion of long-term debt down to $1.0 million from $96.7 million at December 31, 2025, after induced conversions and a $48.6 million capped call cash settlement election.
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Record Q3 Revenue of $112.1M
Revenue rose to $112.1 million from $96.1 million a year earlier, a quarterly record on endpoint IC unit volumes and M800 demand.
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GAAP Profit Returns at $4.7M
GAAP net income of $4.7 million, or $0.15 per diluted share on 31.5 million shares; non-GAAP net income was $22.1 million, or $0.69 per share, with adjusted EBITDA of $24.5 million.
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Q4 Guide Steps Down
Q4 revenue outlook of $104.0-107.0 million and GAAP EPS of $0.04-0.08; non-GAAP EPS guided to $0.55-0.60 on 32.5-32.7 million diluted shares.
Analysis · PI · Manufacturing
Revenue set a quarterly record at $112.1 million, up 16.7% from $96.1 million a year ago, and GAAP net income swung to $4.7 million from a $12.8 million loss. The catch is the Q4 guide: $104-107 million is below the just-reported quarter, and GAAP EPS drops to $0.04-0.08 because operating expenses keep climbing (R&D alone rose to $30.6 million from $25.7 million). Non-GAAP EPS of $0.55-0.60 is the number the Street will anchor on. Nine-month results still show a $8.4 million net loss, driven largely by $13.7 million of induced conversion expense on the convertible notes — a non-operating charge tied to the debt exchanges already disclosed in March and September, which along with a $48.6 million capped call cash settlement election cut the 2021 Notes current portion to $1.0 million from $96.7 million at December 31, 2025.
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In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PI was trading at $190.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $87.36 to $245.93. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.