Impinj (PI)
Connects physical items through RAIN RFID chips, readers, gateways, software, and partners.
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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
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | BMO Capital | Initiate | Rating: —Target: — | Target: $220 |
| Jul 30, 2026 | Needham | Reiterate | Rating: —Target: $175 | Target: $168 |
| Jul 30, 2026 | Jefferies | Reiterate | Rating: —Target: $137 | Target: $190 |
| May 1, 2026 | Barclays | Reiterate | Rating: —Target: $175 | Target: $176 |
| Apr 30, 2026 | Evercore ISI | Target | Target: $112 | Target: $144 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $133.0M · Total debt $266.7M · Total assets $534.7M · Shareholders' equity $231.6M
- Revenue
- $108.4M
- Operating income
- $10.5M
- Net income
- $12.2M
No dividends on record.
| Institutions | 109.46% | 33.09M shares | |
|---|---|---|---|
| 334 holders · as of Jun 30, 2026 | |||
| Insiders | 6.97% | 2.11M shares | |
| 11 holders · as of Sep 21, 2026 | |||
| Adds to | 116.43% | ||
30.23M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 116.43%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 15.09% | 4.56M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 14.72% | 4.45M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.26% | 2.19M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.63% | 1.70M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 4.77% | 1.44M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 21, 2026 | Cary Baker | officer: CHIEF FINANCIAL OFFICER | −8,892 | $185.00 |
| Sep 15, 2026 | Miron Washington | director | −800 | $173.26 |
| 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 |
- 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
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Impinj | $181.75 | +0.07% | $5.62B | — | 73.7 | 15.1 | +10.7% |
| NXP Semiconductors | $237.24 | −0.16% | $58.61B | 19.8 | 14.2 | 4.4 | +19.5% |
| Zebra Technologies | $361.61 | 0.00% | $16.71B | 33.0 | 17.3 | 2.9 | +20.4% |
| Avery Dennison | $172.09 | +0.02% | $12.95B | 18.5 | 16.5 | 1.4 | +10.9% |
| Median | 19.8 | 16.5 | 2.9 | +19.5% |