Impinj (PI) To Report Earnings Tomorrow: Here Is What To Expect

PI Cover Image

RFID manufacturer Impinj (NASDAQ: PI) will be reporting earnings tomorrow after market close. Hereโ€™s what to look for.

Impinj missed analystsโ€™ revenue expectations by 1.4% last quarter, reporting revenues of $91.57 million, up 29.6% year on year. It was a slower quarter for the company, with a significant miss of analystsโ€™ EPS estimates and an increase in its inventory levels.

Is Impinj a buy or sell going into earnings? Read our full analysis here, itโ€™s free.

This quarter, analysts are expecting Impinjโ€™s revenue to decline 6.8% year on year to $71.6 million, improving from the 10.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.

Impinj Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Impinj has only missed Wall Streetโ€™s revenue estimates once over the last two years, exceeding top-line expectations by 2.2% on average.

Looking at Impinjโ€™s peers in the semiconductors segment, only Micron has reported results so far. It beat analystsโ€™ revenue estimates by 1.9%, delivering year-on-year sales growth of 38.3%. The stock was down 7.9% on the results.

Read our full analysis of Micronโ€™s earnings results here.

Todayโ€™s young investors wonโ€™t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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