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Earnings transcript
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PI
Impinj, Inc.
$125.04
-4.29
(-3.32%)
| Exchange: | NASDAQ |
| Market Cap: | 3.809B |
| Shares Outstanding: | 12.79M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Semiconductors | |||||
| CEO: | Chris Diorio | |||||
| Full Time Employees: | 451 | |||||
| Address: |
| |||||
| Website: | https://www.impinj.com |
Impinj, Inc., established in 2000 and headquartered in Seattle, Washington, provides a sophisticated cloud connectivity platform across the Americas, Asia Pacific, Europe, the Middle East, and Africa. This comprehensive platform facilitates the wireless linking of individual physical items, subsequently transmitting vital data about these connected objects to a diverse range of business and consumer software applications. The company’s offerings are built around several interconnected product families. Firstly, it features “endpoint ICs,” which are miniature radio-on-a-chip components designed to be affixed to an item, supplying it with a unique identifier. Secondly, “systems products” include reader ICs, standalone readers, and gateways. These components work in unison to wirelessly power and enable bidirectional communication with endpoint ICs on host items, as well as to execute tasks such as reading, writing, authenticating, and interacting with them. Finally, the platform incorporates advanced software and algorithms. These tools empower Impinj’s partners to develop and deploy practical solutions for end-users, covering applications like retail self-checkout, loss prevention, and precise warehouse inventory management, including pallet and carton tracking. Impinj serves a broad spectrum of industries, including retail, supply chain and logistics, aviation, automotive, healthcare, industrial manufacturing, sports, food services, data centers, travel, banking, and even linen and uniform management. Its products and services are distributed through an extensive network of partners, including distributors, system integrators, value-added resellers, and software solution providers.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 307,539 | 366,087 | 361,075 |
| Gross Profit | 151,982 | 188,855 | 187,600 |
| EBITDA | -26,591 | 10,317 | 8,491 |
| Operating Income | -43,484 | -7,069 | -737 |
| Net Income | -43,366 | 40,838 | -10,847 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 359,409 | 489,080 | 545,186 |
| Total Liabilities | 325,278 | 339,216 | 335,955 |
| Total Stockholders Equity | 34,131 | 149,864 | 209,231 |
| Total Debt | 294,588 | 292,801 | 304,198 |
| Cash and Cash Equivalents | 94,793 | 46,053 | 48,206 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -49,382 | 128,310 | 58,746 |
| Capital Expenditure | -18,592 | -17,112 | -12,861 |
| Free Cash Flow | -68,224 | 111,198 | 45,885 |
| Net Income | -43,366 | 40,838 | -10,847 |
| Net Change in Cash | 75,196 | -48,740 | 2,153 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 714,520.237 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 740,127.015 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 726,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 151,373.531 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 156,798.414 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 153,805.558 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 102,964.888 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 107,785.162 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 105,125.973 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 214,163.433 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 221,838.562 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 217,604.267 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.590 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.680 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.520 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: Impinj reported robust financial results in Q2 2025, with key metrics reflecting solid revenue growth and profitability, as highlighted in the earnings call transcript. This performance underscores the company’s operational efficiency and ability to generate consistent returns, as evidenced by positive net income and operating cash flow trends from the income and cash flow statements.
- Strategic Focus on Solutions: The earnings call summary emphasizes Impinj’s commitment to expanding its solutions portfolio, which has driven market traction and positioned the company as a leader in its niche within the industry. This focus aligns with positive industry trends, as seen in the sector performance metrics.
- Healthy Liquidity Position: Analysis of the balance sheet data indicates a strong current ratio (TTM) and significant cash and cash equivalents, providing Impinj with the financial flexibility to fund innovation and capital expenditures without immediate liquidity concerns.
- Positive Market Perception: The forward P/E ratio (average, high, and low) from the forward P/E ratios data suggests investor confidence in future earnings growth, with valuations indicating a premium relative to current earnings but aligned with growth expectations.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PI intrinsic value between $52.40 – $55.52 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about PI valuation
Is Impinj, Inc. (PI) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Impinj, Inc. (PI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PI a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PI’s P/E ratio?
You can see PI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PI?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PI a good long-term investment?
Whether PI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PI
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Daily snapshot
-3.32
Trading Metrics:
| Open: | 129.72 | Previous Close: | 129.33 | |
| Day Low: | 117.11 | Day High: | 132.2 | |
| Year Low: | 87.36 | Year High: | 247.06 | |
| Price Avg 50: | 128.59 | Price Avg 200: | 154.3 | |
| Volume: | 629203 | Average Volume: | 542284 |
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Login — it's freePI full analysis
Welcome to MARKETSNAP’s SWOT analysis for Impinj, a company that might not be on everyone’s radar but is definitely worth a closer look if you’re hunting for growth in the tech space. I’m thrilled to dive into this one with you today because Impinj has some fascinating dynamics at play, and whether you’re a long-term investor or just keeping an eye on emerging trends, there’s a lot to unpack here. Let’s break down what makes this company tick, look at…
