Impinj Posts Record Q2 Revenue of $108.4M, Guides Q3 Above Consensus
PI sits 68% above its 52-week low of $87.36.
Summary
Impinj reported record Q2 2026 results with revenue of $108.4M, beating estimates, and guided Q3 revenue and earnings above consensus, driven by strong endpoint IC demand.
Key Events · Earnings and Guidance · PI
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Record Q2 Revenue and Profitability
Revenue reached $108.4M, a quarterly record, beating the $104.6M consensus. GAAP net income was $12.2M ($0.39 diluted EPS), and non-GAAP net income was $27.0M ($0.86 diluted EPS).
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Margin Expansion
GAAP gross margin expanded to 58.6% from 57.8% a year ago; non-GAAP gross margin reached 60.9%, reflecting improved product mix and operating leverage.
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Strong Q3 Guidance
Q3 revenue is guided to $105.5M–$108.5M, above the prior consensus. Non-GAAP diluted EPS is expected at $0.59–$0.63, also ahead of expectations.
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Endpoint IC Volume Record
Endpoint IC volumes hit a quarterly record, driven by accelerating adoption in retail and supply chain applications, positioning Impinj for continued growth.
Analysis · PI · Manufacturing
Impinj delivered its strongest quarter ever, with revenue, adjusted EBITDA, and non-GAAP EPS all setting records. The $108.4M top line beat the $104.6M consensus, while gross margin expanded to 58.6% GAAP. Profitability returned with GAAP net income of $12.2M. Q3 guidance of $105.5M–$108.5M in revenue and non-GAAP EPS of $0.59–$0.63 also came in ahead of expectations, signaling sustained momentum in endpoint IC volumes driven by retail and supply chain adoption.
At the time of this filing, PI was trading at $147.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $87.36 to $247.06. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.