Filing Flows › Impinj (PI) › Q3 2026
Impinj (PI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Impinj (PI) reported revenue of $112M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +3% from the quarter before. Operating margin was 4.1%, net earnings $4.7M (4.2% of revenue).
Impinj, Q3 2026: revenue $112M (+17% year over year), operating margin 4.1%, net earnings $4.7M, operating cash flow $25.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $112M | +3% | +17% |
| Gross profit | $59.1M | -7% | +22% |
| Operating profit | $4.6M | -56% | +600% |
| Net earnings | $4.7M | -62% | — |
| Operating cash flow | $25.6M | -19% | +23% |
| Free cash flow | $20.6M | -29% | +15% |
What changed
Revenue was $112.1M in Q3 2026, up 17% year over year and up 3% from the previous quarter. Endpoint I Cs was the largest line at 87% of revenue. Endpoint I Cs added $18.5M year over year (up 24%), 116% of the total change. Systems declined 15%.
Gross margin was 52.8%, up 2.4 points from Q3 2025. Operating profit was $4.6M, a 4.1% margin (up 3.4 points year over year). Of the extra revenue versus Q3 2025, 25% reached operating profit, above the 1% margin then. Operating expenses grew 14% against revenue growth of 17%. The fastest-growing cost line was Research & development (+19%). Net earnings were $4.7M. The effective tax rate was 0.8%.
Operating cash flow was $25.6M (up 23% year over year), 548% of net earnings. Non-cash charges added back $3.8M of depreciation and amortization and $16.1M of share-based compensation. Capital expenditures of $5.0M left free cash flow of $20.6M.
Questions
What was Impinj's revenue in the third quarter 2026?
Impinj (PI) reported revenue of $112M for the third quarter 2026 (Q3 2026), +17% from a year earlier and +3% from the quarter before.
Was Impinj profitable in the third quarter 2026?
Operating profit was $4.6M (4.1% of revenue) and net earnings $4.7M.
Source: Impinj 10-Q on SEC EDGAR.