PI Stock Analysis: Impinj | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 5.392m USD | 12M Return: -24.5% | US4532041096 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 77.9M
EPS Trend: 67.6%
Qual. Beats: 2
Rev. Trend: 86.6%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Impinj, Inc. is a semiconductor company that operates a cloud-based connectivity platform built on RAIN RFID (radio-frequency identification) technology, which wirelessly links physical items to enterprise and consumer applications. The platform consists of three layers: endpoint ICs (radios-on-a-chip that attach to and identify individual items), systems products (reader ICs, readers, and gateways that power and communicate with those endpoints), and software that enables partners to address use cases such as package sortation, dock door monitoring, retail self-checkout, and loss prevention.
The company sells through a partner-driven channel - including OEMs, tag service bureaus, systems integrators, value-added resellers, and independent software vendors - and serves a broad set of end markets: retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel. Impinj operates across the Americas, Asia Pacific, Europe, the Middle East, and Africa, was incorporated in 2000, and is headquartered in Seattle, Washington.
- Endpoint IC shipments accelerate on retail and logistics demand
- Gross margin leverage supports path to operating profitability
- Competition with NXP and tag integrators pressures endpoint IC ASPs
| Net Income: -9.50m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 4.08 > 1.0 |
| NWC/Revenue: 77.16% < 20% (prev 61.14%; Δ 16.01% < -1%) |
| CFO/TA 0.14 > 3% & CFO 76.3m > Net Income -9.50m |
| Net Debt (122.7m) to EBITDA (12.3m): 10.00 < 3 |
| Current Ratio: 9.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.5m) vs 12m ago 7.35% < -2% |
| Gross Margin: 53.32% > 18% (prev 52.21%; Δ 1.11% > 0.5%) |
| Asset Turnover: 72.81% > 50% (prev 69.67%; Δ 3.14% > 0%) |
| Interest Coverage Ratio: -1.21 > 6 (EBIT TTM -2.77m / Interest Expense TTM 2.28m) |
| A: 0.55 (Total Current Assets 334.5m - Total Current Liabilities 35.5m) / Total Assets 548.1m |
| B: -0.75 (Retained Earnings -408.5m / Total Assets 548.1m) |
| C: -0.01 (EBIT TTM -2.77m / Avg Total Assets 532.3m) |
| D: 1.23 (Book Value of Equity 302.3m / Total Liabilities 245.8m) |
| Altman-Z'' = 2.41 = A |
| DSRI: 1.19 (Receivables 78.1m/61.2m, Revenue 387.6m/359.8m) |
| GMI: 0.98 (GM 52.21% / 53.32%) |
| AQI: 1.27 (AQ_t 0.26 / AQ_t-1 0.21) |
| SGI: 1.08 (Revenue 387.6m / 359.8m) |
| TATA: -0.16 (NI -9.50m - CFO 76.3m) / TA 548.1m) |
| Beneish M = -2.69 (Cap -4..+1) = A |
As of October 30, 2026, the stock is trading at USD 182.55 with a total of 837,250 shares traded. Over the past week, the price has changed by +12.20%, over one month by +3.46%, over three months by +31.05% and over the past year by -24.54%.
Current recommended Stop Loss: 171.30 (which is 6.2% or 1.2 ATR below the current price).
Impinj has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy PI.
- StrongBuy: 5
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 183.6 | 0.6% |
P/E Forward = 59.1716
P/S = 14.5138
P/B = 23.0412
Revenue TTM = 387.6m USD
EBIT TTM = -2.77m USD
EBITDA TTM = 12.3m USD
Long Term Debt = 184.1m USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.96m USD (from shortTermDebt, last quarter)
Debt = 235.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 24.7m
Net Debt = 122.7m USD (calculated: Debt 235.7m - CCE 113.0m)
Enterprise Value = 5.51b USD (5.39b + Debt 235.7m - CCE 113.0m)
Interest Coverage Ratio = -1.21 (Ebit TTM -2.77m / Interest Expense TTM 2.28m)
EV/FCF = 84.04x (Enterprise Value 5.51b / FCF TTM 65.6m)
FCF Yield = 1.19% (FCF TTM 65.6m / Enterprise Value 5.51b)
FCF Margin = 16.93% (FCF TTM 65.6m / Revenue TTM 387.6m)
Net Margin = -2.45% (Net Income TTM -9.50m / Revenue TTM 387.6m)
Gross Margin = 53.32% ((Revenue TTM 387.6m - Cost of Revenue TTM 180.9m) / Revenue TTM)
Gross Margin QoQ = 52.75% (prev 58.63%)
Tobins Q-Ratio = 10.06 (Enterprise Value 5.51b / Total Assets 548.1m)
Interest Expense / Debt = 0.97% (Interest Expense 2.28m / Debt 235.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -2.19m (EBIT -2.77m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 9.42 (Total Current Assets 334.5m / Total Current Liabilities 35.5m)
Debt / Equity = 0.78 (Debt 235.7m / totalStockholderEquity, last quarter 302.3m)
Debt / EBITDA = 10.00 (Net Debt 122.7m / EBITDA 12.3m)
Debt / FCF = 1.87 (Net Debt 122.7m / FCF TTM 65.6m)
Total Stockholder Equity = 236.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.79% (Net Income -9.50m / Total Assets 548.1m)
RoE = -4.01% (Net Income TTM -9.50m / Total Stockholder Equity 236.8m)
RoCE = -0.66% (EBIT -2.77m / Capital Employed (Equity 236.8m + L.T.Debt 184.1m))
RoIC = -0.44% (negative operating profit) (NOPAT -2.19m / Invested Capital 496.2m)
WACC = 14.42% (E(5.39b)/V(5.63b) * Re(15.02%) + D(235.7m)/V(5.63b) * Rd(0.97%) * (1-Tc(0.21)))
Discount Rate = 15.02% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 78.49 | Cagr: 3.07%
[DCF] Terminal Value 60.87% ; FCFF base≈55.7m ; Y1≈63.8m ; Y5≈93.9m
[DCF] Fair Price = 18.12 (EV 676.4m - Net Debt 122.7m = Equity 553.6m / Shares 30.6m; r=14.42% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 67.57 | EPS CAGR: 160.0% | SUE: 1.77 | # QB: 2
Revenue Correlation: 86.57 | Revenue CAGR: 8.19% | SUE: 2.71 | # QB: 2
EPS current Year (2026-12-31): EPS=2.10 | Chg30d=-0.02% | Revisions=+73% | GrowthEPS=-0.7% | GrowthRev=+7.8%
EPS next Year (2027-12-31): EPS=2.81 | Chg30d=+0.13% | Revisions=-18% | GrowthEPS=+34.0% | GrowthRev=+20.4%
[Analyst] Revisions Ratio: +32% (up=11, down=5)