The record revenue and strong beat versus consensus, combined with improved margins and profitability, are clear positives. Q4 guidance implies a sequential revenue decline of 4.5%-7.2% from Q3's record, which may temper near-term momentum. Monitor the earnings call for commentary on demand trends, M800 ramp, and any impact from macro conditions on the retail and supply chain end markets.
Price Chart
Executive Summary
Impinj reported Q3 2026 revenue of $112.1M, a record and up 16.7% YoY from $96.1M, with GAAP net income of $4.7M ($0.15 diluted EPS) versus a net loss of $12.8M a year ago. Non-GAAP EPS was $0.69, above the $0.61 consensus, and revenue beat the $107.2M estimate. Q4 guidance calls for revenue of $104M-$107M and non-GAAP EPS of $0.55-$0.60, implying a sequential decline from Q3 but still strong YoY growth.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $112.1M, a record, up 16.7% YoY from $96.1M
- GAAP net income of $4.7M ($0.15 diluted EPS) vs net loss of $12.8M in Q3 2025
- Non-GAAP net income of $22.1M ($0.69 diluted EPS) vs $17.7M ($0.58) a year ago
- Non-GAAP EPS of $0.69 exceeded consensus of $0.61
- Revenue of $112.1M beat consensus of $107.2M
- GAAP gross margin improved to 52.8% from 50.3% YoY; non-GAAP gross margin 54.9% from 53.0%
- Adjusted EBITDA of $24.5M vs $19.1M a year ago
- Q4 2026 guidance: revenue $104M-$107M, non-GAAP EPS $0.55-$0.60
- Operating cash flow of $25.6M in Q3; free cash flow of $20.6M
- Endpoint IC revenue and unit volumes set new quarterly records
Financial Impact
Revenue beat consensus by $4.9M (4.6%); non-GAAP EPS beat by $0.08 (13.1%)
Risk Factors
- Q4 guidance implies sequential revenue decline from Q3 record
- Stock-based compensation remains elevated at $16.1M in Q3
- Convertible debt structure adds complexity to EPS calculations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-436184 |
| Document: pi-20261028.htm | 0001193125-26-436184 |
| Document: 0001193125-26-436184-index-headers.html | 0001193125-26-436184 |
| Document: 0001193125-26-436184-index.html | 0001193125-26-436184 |
| Document: 0001193125-26-436184.txt | 0001193125-26-436184 |
| 8-K Data (Synthetic) | 0001193125-26-436184 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 1d ago | 144 | $194.00 | awaiting T+1 | awaiting T+1 | $179.66 (−7.39%) |
Oct 28, 2026 2d ago | 8-K | $182.55 $179.66 | ▼ −1.58% | ▲ +0.19% | $179.66 (−1.58%) |
Oct 27, 2026 3d ago | Institutional Cluster | $176.48 $182.55 | ▲ +3.44% | ▲ +3.82% | $179.66 (+1.80%) |
Oct 27, 2026 3d ago | SC 13G/A | $176.48 $182.55 | ▲ +3.44% | ▲ +3.82% | $179.66 (+1.80%) |
Sep 21, 2026 5w ago | Insider Cluster | $181.75 $177.20 | ▲ +2.50% | ▲ +1.78% | $179.66 (+1.15%) |
Sep 10, 2026 7w ago | 8-K | $176.82 $173.09 | ▼ −2.11% | ▼ −1.66% | $179.66 (+1.61%) |
Jun 12, 2026 20w ago | Institutional Cluster | $132.77 $136.50 | ▲ +2.81% | ▲ +1.05% | $179.66 (+35.32%) |
Jun 11, 2026 20w ago | Institutional Cluster | $130.08 $132.77 | ▲ +2.07% | ▲ +1.53% | $179.66 (+38.12%) |
Apr 29, 2026 26w ago | 8-K | $144.92 $144.92 | · 0.00% | ▼ −0.22% | $179.66 (+23.97%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers