ImpinjMEX:PI 55 Operating Margin % is -20.43% as of Mar. 2026. GuruFocus rates MEX:PI with a GF Score™ of 55/100 and a GF Value™ of MXN2,701.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,023 Semiconductors companies, Impinj ranks worse than 66.86% on this metric.
Operating Margin % is calculated as Operating Income divided by its Revenue. Impinj's Operating Income for the
three
months ended in Mar. 2026 was MXN-274 Mil. Impinj's Revenue for the
three
months ended in Mar. 2026 was MXN1,339 Mil. Therefore, Impinj's Operating Margin % for the quarter that ended in Mar. 2026 was -20.43%.
Good Sign:
Impinj Inc operating margin is expanding. Margin expansion is usually a good sign.
The historical rank and industry rank for Impinj's Operating Margin % or its related term are showing as below:
MEX:PI'
s Operating Margin % Range Over the Past 10 Years
Min: -33.88 Med: -13.86 Max: -0.2
Current: -1.76
MEX:PI's Operating Margin % is ranked worse than 66.86% of 1023
companies
in the Semiconductors industry
Industry Median: 5.18
vs MEX:PI: -1.76
Impinj's 5-Year Average Operating Margin % Growth Rate was 60.70% per year.
Impinj's Operating Income for the
three
months ended in Mar. 2026 was MXN-274 Mil.
Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN-105 Mil.
Impinj (MEX:PI) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Impinj Operating Margin % Related Terms
Impinj Operating Margin % Historical Data
* Premium members only.
The historical data trend for Impinj's Operating 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: Operating Margin % Comparison
For the Semiconductors subindustry, Impinj's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Impinj's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Impinj's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Impinj's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Impinj (MEX:PI) has a Operating Margin % of -20.43% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Impinj and its competitors. According to the industry distribution chart, Impinj ranks #684 out of 1023 companies in the Semiconductors industry, placing it in the top 66.9%.
Is Impinj's Operating Margin % too high?
Impinj's current Operating Margin % is -20.43%. Based on the distribution chart, Impinj ranks #684 out of 1023 companies in the Semiconductors industry, which is below the industry midpoint. 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 Operating Margin % compare to POWI and DIOD?
According to the Semiconductors industry distribution chart, Impinj ranks #684 out of 1023 companies for Operating Margin %. This places Impinj in the lower half of its industry. The industry median Operating Margin % is 5.18. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Semiconductors company?
The median Operating Margin % among Semiconductors companies is 5.18, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Impinj and its competitors. For the Semiconductors industry, the median Operating Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impinj's current Operating Margin % is -20.43%. 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 MXN2,701.09, compared to a current price of MXN2,746.55 — trading 1.7% above its estimated fair value. The current Operating Margin % is -20.43%. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Impinj (MEX:PI), the current Operating Margin % is -20.43% 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 1.7% above its estimated GF Value™ of MXN2,701.09.
GuruFocus considers Impinj to be Fairly Valued.
Key valuation signals for MEX:PI:
Operating Margin %: -20.43%
GF Value™: MXN2,701.09 vs. price of MXN2,746.55 (1.7% above fair value)
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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