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PI(PI)
PI
Next earnings: Jul 29, 2026 · After close
Signal
Bullish Setup2↑
PRICE
Prev Close
144.92
Open
144.19
Day Range139.78 – 151.10
139.78
151.10
52W Range87.36 – 247.06
87.36
247.06
37% of range
VOLUME & SIZE
Avg Volume
675.4K
FUNDAMENTALS
P/E Ratio
-163.6x
Not profitable
EPS (TTM)
—
Div Yield
No dividend
Beta
1.81
High vol
Performance
1D
+1.58%5D
+18.36%1M
+46.55%3M
-0.55%6M↓
-27.18%YTD
-15.40%1Y↑
+49.00%Best: 1Y (+49.00%)Worst: 6M (-27.18%)
Quick Read
Trend—Insufficient MA data
Momentum
BULLISH
52% gross marginValuation
FAIR
P/E not availableHealth
MODERATE
CR 9.2 · FCF $2.02/shBullish
Key MetricsTTM
Market Cap$4.48B
Revenue TTM$361.05M
Net Income TTM-$27.66M
Free Cash Flow$61.12M
Gross Margin52.3%
Net Margin-7.7%
Operating Margin-1.8%
Return on Equity-13.9%
Return on Assets-5.5%
Debt / Equity1.30
Current Ratio9.20
EPS TTM$-0.91
Alpha SignalsFull Analysis →
What Moves This Stock
Endpoint IC unit shipment volumes, particularly into retail apparel vertical which represents largest addressable market
Retail inventory management adoption rates - major wins with retailers like Macy's, Zara, or Walmart drive multi-quarter revenue visibility
Reader ASP trends and attach rates - higher-value fixed infrastructure sales signal enterprise deployment phase
Gross margin trajectory reflecting chip ASP erosion vs. manufacturing cost reductions and product mix shift toward readers/software
Macro Sensitivity
Economic Cycle
high - Revenue directly correlates with retail inventory investment and supply chain capital expenditure, both highly cyclical. Retail apparel sector (primary vertical) is discretionary spending-sensitive. Industrial production and manufacturing activity drive logistics/asset tracking deployments. Current negative revenue growth and margin compression suggest cyclical downturn impact.
Interest Rates
Rising rates negatively impact the business through two channels: (1) enterprise IT budget compression as cost of capital increases, delaying RFID infrastructure deployments, and (2) retail sector stress reducing inventory management investments. High valuation multiples (10.6x P/S) make stock price highly sensitive to discount rate changes - rising rates compress growth stock valuations disproportionately.
Key Risks
Technology substitution risk from alternative item-level tracking (BLE, NFC, computer vision) or competing RFID standards that bypass Impinj's patent portfolio
Commoditization of endpoint ICs as RAIN RFID standards mature, compressing ASPs faster than volume growth can offset (evident in current negative revenue growth despite market expansion)
Retail sector secular headwinds including store closures and shift to e-commerce reducing physical inventory tracking needs
Investor Profile
growth - Investors attracted by IoT secular growth narrative and platform business model optionality despite current profitability challenges. High P/S multiple (10.6x) and negative earnings reflect growth-at-any-cost positioning. Recent 23.9% six-month decline suggests momentum investors exiting amid growth deceleration.
Watch on Earnings
US retail sales ex-auto (RSXFS) as proxy for retail inventory investment cyclesIndustrial production index trends indicating manufacturing and logistics activity levelsConsumer sentiment (UMCSENT) correlating with discretionary retail spending and inventory restockingSemiconductor industry capacity utilization and foundry pricing trends
Health Radar
1 strong1 watch4 concern
31/100Liquidity
9.20Strong
Leverage
1.30Watch
Coverage
-1.9xConcern
ROE
-13.9%Concern
ROIC
-1.3%Concern
Cash
$48MConcern
ANALYST COVERAGE18 analysts
BUY
▲ +18.9%upside to target
L $144.00
Med $175.00consensus
H $220.00Stock Health
Composite Score
4 of 5 signals bullish
7/10
Technicals
●
✓RSI RangeRSI 68 — Bullish momentum
Volume
●
✗Volume FlowDistribution — institutional selling
Fundamentals
●
✓Last EarningsBeat estimates
●
✓Analyst ConsensusBuy
●
✓LiquidityCurrent Ratio 9.20 — healthy liquidity
Upcoming Events
EEarnings ReportMay 4, 2026
Tomorrow
DEx-Dividend DateJul 31, 2026
In 89 days
PDividend PaymentAug 14, 2026
In 103 days
FinancialsFull statements →
Technicals
Technical SetupBEARISH
Technicals →Trend
▼ DowntrendGolden Cross · 50D leads 200D by 10.3%
-11.0% vs SMA 50 · -1.9% vs SMA 200
Momentum
RSI68.1Positive momentum, not extended
MACD-8.02Below zero — bearish pulse · compressing
Market Position
Price Levels
52W High
$247.1+67.8%
EMA 50
$170.6+15.9%
EMA 200
$148.2+0.7%
Current
$147.2
52W Low
$87.36-40.7%
52-Week RangeMid-range
$87.3637th %ile$247.1
Squeeze SetupVolume-based
Distribution PressureDistribution pattern detected. More selling days than accumulation over the past 20 sessions. Not a conducive environment for a squeeze.
20-Day Money Flow
Acc days:4
Dist days:2
Edge:+2 acc
Volume Context
Avg Vol (50D)457K
Recent Vol (5D)
478K+4%
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
Earnings & Analysts
ANALYST ESTIMATES
Consensus of 6 analysts
Analyst revisions:EPS↑ Revised UpRevenue↓ Revised Down
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2024 | $367.5M $367.1M–$367.8M | — | $2.07 | — | ±1% | High6 |
FY2025 | $360.6M $360.2M–$361.0M | ▼ -1.9% | $2.09 | ▲ +1.0% | ±0% | High6 |
FY2026(current) | $373.3M $366.2M–$383.0M | ▲ +3.5% | $1.88 | ▼ -10.0% | ±1% | Moderate4 |
Range confidence:Tight (high)ModerateWide (low)
Earnings HistoryPI
Last 8Q
+27.5%avg beat
Beat 6 of 8 quarters↑ Estimates rising+14%
Q3'24
+19%
Q4'24
—
Q1'25
+133%
Q2'25
+13%
Q3'25
+14%
Q4'25
—
Q1'26
+27%
Q2'26
Beat
Miss
Estimate
Deeper color = bigger beat/miss
Insider Activity
SEC Filings →0 Buys/6 SellsNet Selling
Sylebra Capital LlcOther: See Foo…
$14.6M
Dec 11
SELL
Sylebra Capital LlcOther: See Foo…
$7.4M
Dec 12
SELL
Sylebra Capital LlcOther: See Foo…
$20.2M
Dec 15
SELL
Sylebra Capital LlcOther: See Foo…
$401K
Dec 8
SELL
Sylebra Capital LlcOther: See Foo…
$6K
Dec 9
SELL
Sylebra Capital LlcOther: See Foo…
$13.2M
Dec 10
SELL
Financials
INSTITUTIONAL OWNERSHIP
1
Nuveen, LLC
298K▲2
abrdn plc
156K▲3
Stephens Investment Management Group LLC
80K▲4
PEREGRINE INVESTMENT MANAGEMENT INC
70K▲5
Granite Investment Partners, LLC
48K▼6
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC
40K▲7
K.J. Harrison & Partners Inc
26K▲8
SG Americas Securities, LLC
26K▲News & Activity
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About
impinj (nasdaq: pi) is a leading provider of rain rfid solutions. the impinj platform connects billions of everyday items such as apparel, medical supplies, automobile parts, drivers’ licenses, food and luggage to applications such as inventory management, patient safety, asset tracking and item authentication, delivering real-time information to businesses about items they create, manage, transport and sell. the impinj platform wirelessly delivers information about these items’ unique identity, location and authenticity, or item intelligence™, to the digital world, which impinj believes is the essence of the internet of things.
Sector
Industry
Semiconductor and Related Device Manufacturing
CEO
Chris Diorio
Website
Gahan RichardsonExecutive Vice President & GM of Impinj Business Unit
Christina BalamSenior Vice President Of Human Resources
Jill WestVice President of Strategic Communications
Peers— Technology(7 companies)
Screen sector →| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
PI◀ | $147.21 | +1.58% | $4.5B | — | -136.9% | -300.4% | 1500 |
| $198.45 | -0.56% | $4.8T | 40.2 | +6547.4% | 5560.3% | 1495 | |
| $280.25 | +3.24% | $4.1T | 33.6 | +642.6% | 2691.5% | 1494 | |
| $414.19 | +1.63% | $3.1T | 24.6 | +1493.2% | 3614.6% | 1477 | |
| $421.28 | +0.92% | $2.0T | 80.0 | +2387.4% | 3619.8% | 1504 | |
| $542.21 | +4.84% | $611.5B | 25.3 | +4885.1% | 2284.5% | 1534 | |
| $360.54 | +1.71% | $587.8B | 135.6 | +3433.8% | 1251.5% | 1517 | |
| Sector avg | — | +1.91% | — | 56.5 | +2750.4% | 2674.5% | 1503 |