Impinj, Inc. (Nasdaq: PI) reported its financial results for the third quarter ended September 30, 2026, revealing that the company achieved record quarterly revenue and unit volumes. The company stated that its third-quarter results were strong, with endpoint IC revenue and unit volumes, as well as total revenue, all setting new quarterly records.
For the three months ended September 30, 2026, Impinj reported total revenue of $112.1 million. The company reported a GAAP gross margin of 52.8% and a non-GAAP gross margin of 54.9%. On a GAAP basis, the company recorded net income of $4.7 million, or $0.15 per diluted share. Adjusted EBITDA was reported at $24.5 million, and non-GAAP net income was $22.1 million, or $0.69 per diluted share.
Management provided financial outlook for the fourth quarter of 2026. The company expects revenue to be between $104.0 million and $107.0 million. GAAP net income is expected to be between $1.2 million and $2.7 million, while adjusted EBITDA is expected to be between $19.2 million and $20.7 million. Non-GAAP net income is expected to be between $17.6 million and $19.1 million.
Impinj will host a conference call and webcast to discuss its third-quarter 2026 results and fourth-quarter 2026 outlook on October 28, 2026, at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may access the call by dialing +1-412-317-1863.
