Impinj (PI) Stock Forecast & Price Target

Impinj Inc has demonstrated a strong performance in its endpoint integrated circuit (IC) sales, primarily driven by increased demand in supply chain and logistics, which bodes well for future revenue growth. The company reported a notable year-over-year systems revenue increase of 21%, reaching $17.3 million, fueled by robust reader demand, indicating positive market dynamics in its core sectors. Furthermore, Impinj's guidance for an anticipated sequential increase in endpoint product gross margin by approximately 100 basis points in Q4 underscores the company's ability to capitalize on favorable margin conditions and ongoing market demand for its products.

Impinj Inc. reported a 7% year-over-year decline in Endpoint IC revenue, which constitutes 82% of its Q3 revenues, totaling $78.8 million, with an anticipated sequential decline in Q4 due to project timing and seasonality effects. Furthermore, the company's revised operating expense assumptions have led to a reduction in expected earnings per share for 2026 and 2027, from $2.79 and $3.38 to $2.66 and $3.36, respectively. The overall outlook is further compounded by the expectation that Systems revenue will also decrease sequentially in Q4.