Filing Flows › Impinj (PI) › Q3 2026 › vs Q2 2026
Impinj (PI) Q3 2026 vs Q2 2026 (quarter over quarter)
Impinj's revenue rose $3.7M (+3%) from $108M in Q2 2026 to $112M in Q3 2026. The biggest changes: Systems +$2.8M (+23%); Endpoint I Cs +$915K (+0.9%). Gross margin 52.8% against 58.6% (-5.9 pts).
Impinj, Q3 2026: revenue $112M (+17% year over year), operating margin 4.1%, net earnings $4.7M, operating cash flow $25.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 52.8% | 58.6% | -5.9 pts |
| Operating margin | 4.1% | 9.7% | -5.6 pts |
| Net margin | 4.2% | 11.3% | -7.1 pts |
| Free cash flow margin | 18.4% | 26.9% | -8.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Endpoint I Cs | $97.3M | $96.4M | $915K | +0.9% |
| Systems | $14.8M | $12.0M | $2.8M | +23% |
| Revenue | $112M | $108M | $3.7M | +3% |
| Gross profit | $59.1M | $63.5M | −$4.4M | -7% |
| Cost of revenue | $53.0M | $44.8M | $8.1M | +18% |
| Operating profit | $4.6M | $10.5M | −$5.9M | -56% |
| Operating expenses | $54.5M | $53.0M | $1.5M | +3% |
| Pre-tax earnings | $4.7M | $12.1M | −$7.4M | -61% |
| Research & development | $30.6M | $29.3M | $1.3M | +5% |
| Sales & marketing | $10.3M | $9.8M | $442K | +4% |
| General & admin | $13.2M | $13.4M | −$229K | -2% |
| Other operating costs | $511K | $534K | −$23K | -4% |
| Net earnings | $4.7M | $12.2M | −$7.5M | -62% |
| Income tax | $40K | −$92K | $132K | — |
| Depreciation & amortization | $3.8M | $3.9M | −$85K | -2% |
| Share-based compensation | $16.1M | $16.3M | −$189K | -1% |
| Working capital & other | $1.0M | −$800K | $1.8M | — |
| Operating cash flow | $25.6M | $31.6M | −$6.0M | -19% |
| Free cash flow (OCF − capex) | $20.6M | $29.2M | −$8.6M | -29% |
| Capital expenditures | $5.0M | $2.4M | $2.6M | +108% |
Questions
How much did Impinj's revenue grow quarter over quarter in Q3 2026?
Impinj's revenue rose $3.7M (+3%) from $108M in Q2 2026 to $112M in Q3 2026.
What drove Impinj's revenue change in Q3 2026?
Systems +$2.8M (+23%); Endpoint I Cs +$915K (+0.9%).