Impinj Reports Record Q2 Results with Strong Revenue and Earnings Growth
Impinj reported record second-quarter results, driven by strong demand for its RAIN RFID Endpoint IC products. The company's revenue rose to $108.4 million in the quarter, up 46% sequentially and 11% year over year. Adjusted EBITDA reached a new high of $30.7 million with a margin of 28.3%, while non-GAAP earnings totaled $0.86 per diluted share. Endpoint IC revenue was particularly strong, reaching $96.4 million in the quarter—up 53% from Q1 and 14% year over year. The growth is attributed to demand across retail apparel, supply chain logistics, general merchandise, and food applications. Management also highlighted a custom ASIC ramp for a major customer that's ahead of schedule. Looking forward, Impinj expects continued sequential revenue growth in the third quarter with guidance between $105.5 million and $108.5 million. The company cited strong bookings, inventory rebuilding by partners, and improved product margins as key drivers.
Tickers: $PI
Topics: ebitda financial_results product_demand revenue_growth