Impinj
Connects physical items through RAIN RFID chips, readers, gateways, software, and partners.
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Profile
Builds RAIN RFID chips, readers, gateways, software, and test systems that give physical items digital identity, location, and authenticity data. Endpoint ICs drive most revenue, while deployments depend on OEMs, service bureaus, integrators, software vendors, and other partners.
Turns everyday physical items into wireless endpoints through RAIN RFID. The portfolio spans endpoint ICs, reader ICs, readers, gateways, tag-production systems, software, and Voyantic test-and-measurement tools for apparel, automotive parts, luggage, shipments, and other item-level workflows.
Operates from Seattle with employees across the Americas, Europe, and Asia Pacific. The founder-led team reports one operating segment, and endpoint ICs are the main revenue category, supported by systems products that help enterprises read, encode, authenticate, and manage tagged items.
Execution depends on partner-built deployments through OEMs, tag service bureaus, ODMs, systems integrators, resellers, and software vendors. Customer concentration, RAIN RFID adoption, and patent licensing arrangements shape the business.
Company facts
Categories
Key statistics
Year to date −5.3% · Average volume (30d) 915.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | BMO Capital | Initiate | Outperform | $220 | |
| Jul 30, 2026 | Needham | Reiterate | Buy | $175 | $168 |
| Jul 30, 2026 | Jefferies | Reiterate | Buy | $137 | $190 |
| May 1, 2026 | Barclays | Reiterate | Overweight | $175 | $176 |
| Apr 30, 2026 | Evercore ISI | Target | $112 | $144 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.80 | $0.86 | +8.2% | $104.6M | $108.4M | +3.6% | +5.88% |
| Apr 29, 2026Q1 FY26 | $0.11 | $0.14 | +27.3% | $72.5M | $74.3M | +2.4% | +20.73% |
| Feb 5, 2026Q4 FY25 | $0.50 | $0.50 | 0.0% | $92.3M | $92.8M | +0.6% | −24.57% |
| Oct 29, 2025Q3 FY25 | $0.51 | $0.58 | +13.7% | $91.9M | $96.1M | +4.6% | −14.81% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $74.3M | $97.9M | $96.1M | $92.8M | $74.3M | $108.4M | |
| Gross profit | $36.7M | $56.6M | $48.3M | $47.5M | $36.5M | $63.5M | |
| Operating income | −$9.6M | $10.9M | $656.0K | −$2.7M | −$15.2M | $10.5M | |
| Net income | −$8.5M | $11.6M | −$12.8M | −$1.1M | −$25.3M | $12.2M | |
| Diluted EPS | −$0.30 | $0.39 | −$0.44 | −$0.04 | −$0.83 | $0.39 | |
| Gross margin | 49.4% | 57.8% | 50.3% | 51.2% | 49.1% | 58.6% | |
| Operating margin | -12.9% | 11.1% | 0.7% | -2.9% | -20.4% | 9.7% |
Fiscal years (4-quarter sums)FY21 $190.3M · FY22 $257.8M · FY23 $307.5M · FY24 $366.1M · FY25 $361.1M
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $133.0M · Total debt $266.7M · Total assets $534.7M · Shareholders' equity $231.6M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 30.55M · Float 29.57M · 96.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 4.56M | 14.93% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 4.45M | 14.56% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.19M | 7.18% | 13F | Aug 13, 2026 |
| State Street Corporation | 1.70M | 5.60% | 13G | Aug 7, 2026 |
| Capital International Investors | 1.44M | 4.72% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Cary Baker | officer: CHIEF FINANCIAL OFFICER | −1,429 | $185.00 |
| Jun 9, 2026 | Sylebra Capital LLC | director | −31,210 | $127.36 |
| Jun 8, 2026 | Sylebra Capital LLC | director | −45,528 | $128.94 |
| Jun 5, 2026 | Sylebra Capital LLC | director | −47,479 | $124.06 |
| Jun 4, 2026 | Sylebra Capital LLC | director | −33,412 | $136.84 |
Peers
- NXP Semiconductors
Direct RAIN RFID endpoint IC rival with UCODE scale
- Zebra Technologies
Enterprise RFID reader, printer, and supplies platform rival
- Avery Dennison
RFID inlays, tags, and connected-product software overlap downstream
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Impinj | $170.17 | +1.25% | $5.20B | — | 69.0 | 14.0 | +10.7% |
| NXP Semiconductors | $223.80 | +0.18% | $56.38B | 19.1 | 13.3 | 4.3 | +19.5% |
| Zebra Technologies | $356.45 | +0.03% | $16.98B | 33.5 | 17.2 | 2.9 | +20.4% |
| Avery Dennison | $176.75 | −0.53% | $13.60B | 19.5 | 17.0 | 1.5 | +10.9% |
| Median | 19.5 | 17.0 | 2.9 | +19.5% |