Impinj, Inc. (PI)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-11-04
NASDAQInformation TechnologySemiconductorsSnapshot 2026-11-04
Research Workspace
Put PI beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Electronic Equipment & Instruments is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income improves from -$15.2M in Q1 2026: Operating income: $4.59M.
View ThesisRevenue is growing steadily — about 8% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 45%, softest on returns on capital.
View QualityManagement screens weak on capital allocation, margins.
View ManagementExpectations look high — the market is pricing in about 47% growth a year, above the roughly 20% analysts expect, leaving little room for error.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 56% in its worst 12-month stretch.
View RiskImpinj's endpoint IC demand has to keep compounding to justify the price. Revenue growth is accelerating as M800 demand drives a capacity ramp. The company beat its Q3 2026 earnings estimate by 263%. It trades at 15x sales versus a 4.5x peer median. The market is pricing in more growth than we forecast. Operating income is improving from a prior loss of $15.2M. A sharp drop may be repricing the thesis. Peer multiples imply a price about 47% below where it trades. The thesis is on watch. This read is provisional.
Trailing returns as of 2026-11-04. PI is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 9 analysts currently covering PI (as of Nov 2026).
Based on 4 Wall Street analysts offering 12-month price targets for PI in the last 4 months.
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Compare PI with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| PI Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 7 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Electronic Equipment & Instruments — fair value, gap to price, and forward P/E.
Compare the value case
Put PI next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Drive revenue growth through endpoint IC demand
Q4 revenue outlook and M800-driven capacity ramp signal strong endpoint IC demand.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $180.30
The last 12 months of price, then the range of analyst 12-month targets from today’s $180.30.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.

Advances: Drive revenue growth and market leadership
RFID growth and margin lift support revenue and profitability objectives.

Advances: Manage capital structure and reduce convertible debt
Reduces convertible debt, improving capital structure.

Analyst initiation suggests positive outlook for revenue growth.
Advances: Drive revenue growth and market leadership
Expanding RFID demand supports revenue growth and market leadership.
Advances: Drive revenue growth and market leadership
Record revenue and EBITDA support growth and profitability objectives.
