Impinj Reports Record Q3 2026 Revenue Driven by Strong Endpoint IC Demand
Impinj (PI) achieved record quarterly revenue of $112.1 million in the third quarter of 2026, representing a 17% year-over-year increase. The growth was primarily fueled by strong demand for endpoint integrated circuits (IC), which reached $97.3 million, up 24% year-over-year, supported by the successful ramp of the M800 product line and resilient retail sector demand. The company reported an adjusted EBITDA of $24.5 million with a margin of 21.9%, aligning with long-term targets. While systems revenue saw a sequential decline due to shifted project timings, management provided Q4 revenue guidance between $104 million and $107 million. Strategic initiatives, including the expansion into food replenishment segments and the management of convertible debt through opportunistic repurchases, continue to shape the company's financial trajectory.
Tickers: $PI
Topics: Adjusted EBITDA Endpoint IC Demand Financial Guidance Gross Margin Revenue Growth