Filing Flows › Impinj (PI) › Q2 2026
Impinj (PI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Impinj (PI) reported revenue of $108M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +46% from the quarter before. Operating margin was 9.7%, net earnings $12.2M (11.3% of revenue).
Impinj, Q2 2026: revenue $108M (+11% year over year), operating margin 9.7%, net earnings $12.2M, operating cash flow $31.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $108M | +46% | +11% |
| Gross profit | $63.5M | +74% | +12% |
| Operating profit | $10.5M | — | -3% |
| Net earnings | $12.2M | — | +6% |
| Operating cash flow | $31.6M | +694% | -7% |
| Free cash flow | $29.2M | 13× | +7% |
What changed
Revenue was $108.4M in Q2 2026, up 11% year over year and up 46% from the previous quarter. Endpoint I Cs was the largest line at 89% of revenue. Endpoint I Cs added $11.8M year over year (up 14%), 112% of the total change. Systems declined 10%.
Gross margin was 58.6%, up 0.8 points from Q2 2025. Operating profit was $10.5M, a 9.7% margin (down 1.4 points year over year). Operating profit fell $370K even though revenue rose $10.5M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 16% against revenue growth of 11%. The fastest-growing cost line was Research & development (+19%). Net earnings were $12.2M, up 6% year over year. The effective tax rate was -0.8%.
Operating cash flow was $31.6M (down 7% year over year), 259% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $16.3M of share-based compensation. Capital expenditures of $2.4M left free cash flow of $29.2M.
Questions
What was Impinj's revenue in the second quarter 2026?
Impinj (PI) reported revenue of $108M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +46% from the quarter before.
Was Impinj profitable in the second quarter 2026?
Operating profit was $10.5M (9.7% of revenue) and net earnings $12.2M.
Source: Impinj 10-Q on SEC EDGAR.