ImpinjMEX:PI 55 Gross Margin % is 49.10% as of Mar. 2026, which is 5% below its 10-year median of 51.71. GuruFocus rates MEX:PI with a GF Score™ of 55/100 and a GF Value™ of MXN2,139.47 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,011 Semiconductors companies, Impinj ranks better than 85.66% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Impinj's Gross Profit for the
three
months ended in Mar. 2026 was MXN657 Mil. Impinj's Revenue for the
three
months ended in Mar. 2026 was MXN1,339 Mil. Therefore, Impinj's Gross Margin % for the quarter that ended in Mar. 2026 was 49.10%.
The historical rank and industry rank for Impinj's Gross Margin % or its related term are showing as below:
MEX:PI'
s Gross Margin % Range Over the Past 10 Years
Min: 46.89 Med: 51.71 Max: 53.48
Current: 52.47
During the past 13 years, the highestGross Margin % of Impinj was 53.48%. The lowest was 46.89%. And the median was 51.71%.
MEX:PI's Gross Margin % is ranked better than 85.66% of 1011
companies
in the Semiconductors industry
Industry Median: 29.61
vs MEX:PI: 52.47
Impinj had a gross margin of 49.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Impinj was 1.30% per year.
Impinj (MEX:PI) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Impinj had a gross margin of 49.10% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Impinj Gross Margin % Related Terms
Impinj Gross Margin % Historical Data
* Premium members only.
The historical data trend for Impinj's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:PI vs POWI, DIOD, LASR: Gross Margin % Comparison
For the Semiconductors subindustry, Impinj's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Impinj Gross Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Impinj's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Impinj's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Impinj (MEX:PI) has a Gross Margin % of 49.10% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Impinj and its competitors. This is near median its historical median of 51.71. Over the past decade, Impinj's Gross Margin % has ranged from 46.89 to 53.48. According to the industry distribution chart, Impinj ranks #145 out of 1011 companies in the Semiconductors industry, placing it in the top 14.3%.
Is Impinj's Gross Margin % too high?
Impinj's current Gross Margin % of 49.10% is near median its 10-year median of 51.71. Over the past 10 years, this metric has ranged from a low of 46.89 to a high of 53.48. The Semiconductors industry median Gross Margin % is 29.61. Impinj's value of 49.10% is 65.8% above this industry median. Based on the distribution chart, Impinj ranks #145 out of 1011 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Impinj has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Impinj's Gross Margin % compare to POWI and DIOD?
According to the Semiconductors industry distribution chart, Impinj ranks #145 out of 1011 companies for Gross Margin %. This places Impinj in the top 14% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 29.61. Impinj's value of 49.10% is 65.8% above this benchmark. Historically, Impinj's own Gross Margin % has ranged from 46.89 to 53.48 over the past decade. While the company's 10-year median is 51.71 vs. the industry median of 29.61, Impinj has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Semiconductors company?
The median Gross Margin % among Semiconductors companies is 29.61, based on 1,011 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Impinj's current Gross Margin % of 49.10% is 65.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Impinj and its competitors. For the Semiconductors industry, the median Gross Margin % is 29.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impinj's current Gross Margin % is 49.10%, which is near median its own 10-year median of 51.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impinj stock overvalued right now?
Based on GuruFocus' analysis, Impinj (MEX:PI) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,139.47, compared to a current price of MXN2,746.55 — trading 28.4% above its estimated fair value. The current Gross Margin % is 49.10%, which is near median its 10-year median of 51.71 and 65.8% above the Semiconductors industry median of 29.61. Impinj's overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Impinj (MEX:PI), the current Gross Margin % is 49.10% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Impinj (MEX:PI) Overvalued in 2026?
Based on GuruFocus' analysis, Impinj stock appears to be overvalued.
The current stock price of MXN2,746.55 is trading 28.4% above its estimated GF Value™ of MXN2,139.47.
GuruFocus considers Impinj to be Fairly Valued.
Key valuation signals for MEX:PI:
Gross Margin %: 49.10% (near median its 10-year median of 51.71)
GF Value™: MXN2,139.47 vs. price of MXN2,746.55 (28.4% above fair value)
Industry Position: 65.8% above the Semiconductors median (#145 of 1011)
No single metric tells the full story. See the MEX:PI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.
55GF Score
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