Impinj shares surged over 20% yesterday, reaching $124.88 after the RFID specialist reported second-quarter earnings that substantially exceeded analyst expectations. The company posted earnings per share of $0.80, well above the forecasted $0.71, while revenue climbed to $97.9 million, surpassing the projected $93.75 million. Most impressive was Impinj’s adjusted EBITDA margin, which hit a quarterly record of 28.2%. The gross margin reached 60.4%, underscoring the company’s enhanced profitability as it benefits from growing demand for its higher-margin M800 chip generation and favorable wafer costs.
Outlook Signals Continued Growth
Looking ahead, Impinj provided an exceptionally strong forecast that caught analysts by surprise. For Q3 2025, the company projects earnings per share between $0.47 and $0.51, approximately 40% higher than analyst estimates of $0.35. Revenue is expected to range from $91 to $94 million, significantly above the $85.99 million experts had anticipated. Management highlighted expansion into the food sector as a key growth driver, particularly for products with expiration dates. With $260.5 million in liquid assets and Q2 free cash flow of $27.3 million, Impinj appears well-positioned for continued growth.
