Short answer
IMPINJ INC (PI) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $74M (down 0.0% year over year) with net income of −$25M.
Q1 2026 key financials · XBRL
- Revenue
- $74M
- −0.0% YoY
- Net income
- −$25M
- −198.9% YoY
- Operating margin
- -20.4%
- Gross margin
- 49.1%
- EPS (diluted)
- −$0.83
- −176.7% YoY
Source: XBRL data from the IMPINJ INC (PI) Q1 2026 10-Q on SEC EDGAR. USD.
IMPINJ INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $74.25M, down $27K YoY, with endpoint ICs up $1.991M and systems down $2.018M
- Gross margin 49.1% vs 49.4% YoY; operating loss $15.168M vs $9.569M
- Endpoint ICs best-performing line at $63.209M; systems revenue $11.041M, down $2.018M
- Cash, equivalents and short-term investments $131.8M; operating cash flow $3.980M vs $(11.143)M YoY
- $45.574M financing cash use, including $47.0M 2021 Notes repurchase; tariffs, trade measures and macro volatility remain headwinds
Risk Factors
- FCC Lower 900 MHz Band reconfiguration risk, triggered by NextNav’s petition and FCC’s 2025 PNT inquiry
- AI-driven semiconductor shortages, with rising memory, processor and component prices and lengthening lead times
- Endpoint IC concentration, with most revenue dependent on demand and wafer availability
- RAIN adoption uncertainty, especially beyond mainstream retail apparel into SC&L, general merchandise and food
- Licensing revenue concentration, with substantial licensing revenue derived from NXP’s 10-year Settlement Agreement
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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