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Impinj Inc (PI)


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Upturn Advisory Summary
10/15/2025: PI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $186
1 Year Target Price $186
5 | Strong Buy |
3 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 31.6% | Avg. Invested days 32 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.86B USD | Price to earnings Ratio - | 1Y Target Price 186 |
Price to earnings Ratio - | 1Y Target Price 186 | ||
Volume (30-day avg) 8 | Beta 1.83 | 52 Weeks Range 60.85 - 228.29 | Updated Date 10/17/2025 |
52 Weeks Range 60.85 - 228.29 | Updated Date 10/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.18% | Operating Margin (TTM) 11.11% |
Management Effectiveness
Return on Assets (TTM) -0.14% | Return on Equity (TTM) 0.42% |
Valuation
Trailing PE - | Forward PE 75.19 | Enterprise Value 5414755419 | Price to Sales(TTM) 16.32 |
Enterprise Value 5414755419 | Price to Sales(TTM) 16.32 | ||
Enterprise Value to Revenue 15.09 | Enterprise Value to EBITDA 303.93 | Shares Outstanding 29089692 | Shares Floating 26332862 |
Shares Outstanding 29089692 | Shares Floating 26332862 | ||
Percent Insiders 4.19 | Percent Institutions 109.9 |
Upturn AI SWOT
Impinj Inc

Company Overview
History and Background
Impinj, Inc. was founded in 2000 and is a leading provider of RAIN RFID solutions, connecting everyday items to the internet. Initially focused on materials science, Impinj shifted to RFID technology, becoming a key player in the development and adoption of RAIN RFID.
Core Business Areas
- Endpoint ICs: These integrated circuits (ICs) are embedded in items and respond to RAIN RFID readers, providing identification and data transmission.
- Readers: Impinj readers wirelessly communicate with endpoint ICs, capturing and transmitting data to applications.
- Software: Impinj provides software platforms that manage RAIN RFID data, enabling businesses to gain insights and automate processes.
Leadership and Structure
Chris Diorio serves as the CEO. The company is structured with functional departments like engineering, sales, marketing, and operations, reporting to the CEO. A board of directors oversees corporate governance.
Top Products and Market Share
Key Offerings
- Impinj Monza ICs: These RAIN RFID endpoint ICs are integrated into various items for tracking and identification. Market share data is difficult to determine precisely, but Impinj is a leading provider in the RFID IC market. Revenue data per product is not publicly available. Competitors include NXP Semiconductors and Alien Technology.
- Impinj Speedway Readers: High-performance RAIN RFID readers used in various applications like supply chain management and retail. Market share data is not consistently reported. Competitors include Zebra Technologies and Honeywell.
- Impinj ItemSense Software Platform: Software that manages RAIN RFID data and provides analytics. Market share and specific revenue data are not publicly available. Competitors include Tyco Retail Solutions (Sensormatic) and SML Group.
Market Dynamics
Industry Overview
The RAIN RFID market is growing, driven by increasing adoption in retail, supply chain, healthcare, and other industries. Key trends include enhanced inventory management, loss prevention, and automation.
Positioning
Impinj is positioned as a leading provider of RAIN RFID solutions, known for its technology and comprehensive product portfolio. Its competitive advantages include performance, reliability, and a strong ecosystem of partners.
Total Addressable Market (TAM)
Estimates for the total addressable market vary, but several reports have the market nearing nearly $20B by 2028. Impinj is well-positioned to capture a significant share of this market due to its technological advantage and partnership ecosystem.
Upturn SWOT Analysis
Strengths
- Strong technological expertise in RAIN RFID
- Comprehensive product portfolio
- Established market presence and reputation
- Strong ecosystem of partners
Weaknesses
- Dependence on RAIN RFID adoption rate
- Relatively high product costs compared to some alternatives
- Susceptible to economic downturns impacting retail and other key sectors
Opportunities
- Expanding RAIN RFID adoption in new industries and applications
- Growing demand for IoT and automation solutions
- Development of new RAIN RFID technologies and applications
- Strategic partnerships and acquisitions
Threats
- Competition from other RFID and alternative technologies
- Economic downturns impacting key customer industries
- Technological disruptions
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- NXPI
- HON
- ZBRA
Competitive Landscape
Impinj has strengths in RAIN RFID endpoint ICs and software, while competitors may be stronger in overall hardware solutions or adjacent technologies. Impinj differentiates through comprehensive solution offerings.
Growth Trajectory and Initiatives
Historical Growth: Impinj's historical growth has been driven by increased adoption of RAIN RFID in key markets.
Future Projections: Analyst projections indicate continued revenue growth driven by expansion into new markets and applications.
Recent Initiatives: Recent strategic initiatives include product development in new RAIN RFID ICs, reader improvements, and strategic partnerships.
Summary
Impinj is a strong company positioned well in the growing RAIN RFID market. Their comprehensive portfolio and technology leadership are working in their favor. However, they must be mindful of competition and economic downturns and continue to pursue strategic partnerships for further expansion.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Impinj Investor Relations
- Market Research Reports
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Impinj Inc
Exchange NASDAQ | Headquaters Seattle, WA, United States | ||
IPO Launch date 2016-07-21 | Co-Founder, Vice Chairman & CEO Dr. Chris Diorio Ph.D. | ||
Sector Technology | Industry Semiconductors | Full time employees 451 | Website https://www.impinj.com |
Full time employees 451 | Website https://www.impinj.com |
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

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