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PI

IMPINJ, INC.

In the published model solve dated 2026-Q2, anchored at $163.22, IMPINJ, INC. (PI) is priced for today's economics sustained for ~22.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed August 8, 2026 from SEC EDGAR filings.

Published model solve
today's economics sustained for ~22.4 years
Priced In
elevated

Key Takeaways

• Endpoint ICs are 83% of what Impinj books, and the FY2025 10-K reports that ⟦"From 2010 to 2025, our overall endpoint IC sales volumes increased at a 26% compounded annual growth rate"⟧, which describes a business that grows by shipping more units at falling prices rather than by charging more for them. • The four quarters through June 2026 produced no operating profit on 371.5 million dollars of revenue, so the shares are valued against sales, and the 16.3 million dollars of stock compensatio

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Institutional ownership

276 institutional managers reported holding PI in 13F filings for the quarter ended 2026-03-31. 41 opened new positions that quarter. Held by BlackRock, FMR (Fidelity), Vanguard Group, among others. On the short side, 3.4M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (7.6 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

PI's share count grew 25.6% over the past five years. It pays no dividend.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at PI over the trailing three years: 2023: 15 buys totaling $86.54M; 2024: 1 buy totaling $20.00M. 10 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

PI's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-07-27-13.7%-20.5%
2023-10-26+16.0%+47.9%
2024-02-13+2.8%+17.9%
2024-04-25+25.8%-1.4%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

PI's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-05-29 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-03-16 (items 8.01, 9.01); 2026-02-05 (items 2.02, 9.01).

Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.

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Model solve date: 2026-Q2
Narrative composed: August 8, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.