Impinj Inc posted record revenue, adjusted EBITDA, and earnings per share in the second quarter of 2026, driven by strong demand across retail apparel, general merchandise, and supply chain and logistics. Endpoint IC product revenue set a new quarterly record with unit volumes exceeding expectations, while gross margin reached a record 60.9% helped by licensing revenue and a richer mix of M800 endpoint ICs. The custom ASIC ramp for a second large North American supply chain and logistics end user is ahead of schedule, with full conversion expected in the third quarter, and bookings hit an all-time high for the second consecutive quarter. Systems revenue declined 10% year-over-year due to weakness in label production systems, partially offset by reader IC strength, and the company noted some pull-in demand ahead of tariff expirations that may create future volatility. CEO Chris Diorio highlighted unprecedented engagement from large enterprises in the food market, with three of the five largest US grocers participating in early pilots, while CFO Carrie Baker said the M800 platform is expected to deliver 300 basis points of gross margin accretion.
Impinj IncRecord revenue and EBITDA driven by strong endpoint IC demand across retail, general merchandise, and supply chain/logistics.