Impinj Inc. Common Stock (PI)

FairStock Score: 32/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look first for a durable business and a conservative price. Impinj sells the tiny radio chips, readers, and gateways that wirelessly identify items. It is a focused semiconductor platform with only 457 employees, but the financial record is uneven. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $108.4M and net income was $12.2M, or diluted EPS of $0.39. That was better than fiscal Q2 2025, when revenue was $97.9M and net income was $11.6M. However, fiscal Q1 2026 lost $25.3M, fiscal Q3 2025 lost $12.8M, and FY2025 revenue was $361.1M with a net loss of $10.8M. FairStock's Lynch category is TURNAROUND—loss in latest year after earlier profits. The balance sheet has some support: Altman Z is 10.75 and Piotroski is 7/9, but debt-to-equity is 1.15 and ROE is -12.88%. Free cash flow is positive at $63.0M, yet that is only a 1.1% FCF yield on the $5.6B market cap. At the close on 2026-10-13, the price was $183.40, with a P/B of 24.20, a negative P/E of -203.78, and a FairStock Score of 32/100. That is not a Graham bargain. Growth is promising, but the earnings are too volatile and the valuation already assumes a lot of future success. I would need consistent profits and a wider margin of safety.

In plain English: Impinj makes tiny radio chips, readers, and gateways that let businesses track items wirelessly. The latest quarter was profitable, but the company lost money in fiscal 2025 and carries more debt than equity, so the record is mixed. At $183.40 a share, the price looks expensive compared with its current earnings and accounting value, meaning it depends on much stronger future profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer