Q2 2026 Impinj Inc Earnings Call Transcript

Jul 29, 2026 / 09:00 PM GMT

Release Date Price: $139.3 (+4.71%)

Transcript 10-Q8-K

Key Points

Positve

Record revenue, adjusted EBITDA, and earnings per share in Q2 2026, driven by strong demand across retail apparel, general merchandise, and supply chain and logistics.
Endpoint IC product revenue set a new quarterly record, with unit volumes exceeding expectations and strong sequential growth.
Custom ASIC ramp for a second large North American supply chain and logistics end user is ahead of schedule, with full conversion expected in Q3.
Strong bookings hit an all-time high for the second consecutive quarter, indicating continued market expansion and demand.
Gross margin reached a record 60.9%, driven by licensing revenue and a richer mix of M800 endpoint ICs.

Negative

Systems revenue declined 10% year-over-year, with weakness in label production systems partially offset by reader IC strength.
Operating expenses are expected to increase sequentially in Q3, potentially pressuring margins.
The company experienced some pull-in demand ahead of tariff expirations, which may create volatility in future quarters.
Channel inventory for the second large supply chain logistics customer remains a risk, with past missteps in Q1 due to visibility issues.
Food market adoption, while promising, is still in early pilot phases and represents a small portion of overall volumes compared to other verticals.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PI.OQ - Impinj Inc
Q2 2026 Impinj Inc Earnings Call
Jul 29, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to impinge second quarter 2026 financial results conference call a conference specialist to press the star key followed by 0.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star, then 1 on a touchtone phone.

To withdraw your question, please press star and then 2.

Please note this event is being recorded.

I would now like to turn the conference over to Mr.

Andy Cobb, Vice President, Corporate finance and Investor relations.

Please go ahead.

Thank you, Nick.

Good afternoon and thank you all for joining us to discuss Impingee's second quarter 2026 results.

On today's call, Christy Oreo,

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