Impinj 2025 Q2 Earnings Net Income Climbs 16% Despite Revenue Dip

Impinj (PI) reported its fiscal 2025 Q2 earnings on Jul 30th, 2025. The company’s results exceeded Wall Street’s expectations, with revenue reaching $97.89 million against analyst estimates of $93.86 million. The adjusted EPS of $0.80 also beat expectations, coming in 13.6% higher than the consensus forecast of $0.70. Guidance for Q3 2025 was optimistic, projecting revenue between $91.0 million and $94.0 million, surpassing analyst estimates of $86.14 million. The company anticipates adjusted EBITDA income between $15.6 million and $17.1 million, marking a solid outlook.

Revenue
Impinj experienced a 4.5% decrease in total revenue, amounting to $97.89 million for Q2 2025. The Endpoint ICs segment contributed $84.62 million, showcasing its significant role in the company’s revenue stream, while the Systems segment added $13.28 million to the quarterly earnings.

Earnings/Net Income
Impinj's EPS improved by 11.1%, rising to $0.40 in 2025 Q2 from $0.36 in 2024 Q2, illustrating consistent earnings growth. Net income also strengthened, reaching $11.55 million in 2025 Q2, a 16.0% increase from $9.96 million in 2024 Q2. The EPS results were favorable as they reflected positive growth against prior year figures.

Price Action
The stock price of Impinj edged down 1.37% during the latest trading day, climbed 3.36% during the most recent full trading week, and increased by 9.28% month-to-date.

Post-Earnings Price Action Review
The strategy of acquiring Impinj shares following a quarter-over-quarter revenue increase on the earnings report release date and retaining them for 30 days has yielded substantial returns over the past three years. This approach has achieved a 57.19% return, outperforming the benchmark return of 50.19% by 7.01%. With a compound annual growth rate (CAGR) of 16.44% and a maximum drawdown of 0.00%, the strategy has exhibited robust risk-adjusted performance. Evidenced by a Sharpe ratio of 0.28 and a volatility level of 59.69%, the strategy demonstrates its effectiveness in managing risk while generating significant returns.

CEO Commentary
“Our second-quarter results were strong, with revenue and adjusted EBITDA exceeding our guidance,” said Chris Diorio, Impinj co-founder and CEO. He emphasized the company's focus on extending its technology lead, increasing market share, and enhancing platform adoption while delighting enterprise customers. The CEO highlighted ongoing management efforts to maintain a steady course amid business challenges, reinforcing a commitment to growth in the RAIN RFID and Internet of Things sectors.

Guidance
Impinj provides guidance for the third quarter of 2025, projecting revenue between $91.0 million and $94.0 million, with a GAAP net loss expected to range from ($2.2) million to ($0.7) million. Adjusted EBITDA income is anticipated to be between $15.6 million and $17.1 million. Non-GAAP net income is expected to fall between $14.0 million and $15.5 million, with diluted non-GAAP net income per share projected to be between $0.47 and $0.51.

Additional News
Impinj's M800 series tag chips have surpassed 5 billion lifetime shipments, establishing themselves as the company’s fastest-growing product. This milestone represents nearly 10% of the RAIN RFID industry’s total 2024 shipments. Additionally, Guerrilla RF’s GRF5509 4-watt power amplifier has been selected for Impinj’s RAIN RFID reader module reference design, enhancing the read range and readability of RAIN RFID tags. Moreover, Impinj's Supply Chain Integrity Outlook 2025 report highlighted significant data accuracy gaps in supply chains, impacting effective AI implementation and sustainability efforts.