Impinj (PI) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 9:20 AM CDT 30 min read

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DATE

Wednesday, April 29, 2026, astatine 5 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer, Co-Founder — Chris Diorio

• Chief Financial Officer — Cary Baker

• Vice President, Investor Relations — Andy Cobb

Full Conference Call Transcript

Andy Cobb: Thank you, Nick. Good afternoon, and convey you each for joining america to sermon Impinj's archetypal 4th 2026 results. On today's call, Chris Diorio, Impinj's Co-Founder and CEO, volition supply a little overview of our marketplace accidental and performance. Cary Baker, Impinj's CFO, volition travel with a elaborate reappraisal of our archetypal 4th fiscal results and 2nd 4th outlook. We volition past unfastened the telephone for questions. You tin find management's prepared remarks positive trended fiscal information connected the company's Investor Relations website. We volition marque statements successful this telephone astir fiscal show and aboriginal expectations that are based connected our outlook arsenic of today.

Any specified statements are forward-looking nether the Private Securities Litigation Reform Act of 1995, whereas we judge we person a tenable ground for making these forward-looking statements, our existent results could disagree materially due to the fact that immoderate specified statements are taxable to risks and uncertainties. We picture these risks and uncertainties successful the yearly and quarterly reports we record with the SEC. We bash not undertake and expressly disclaim immoderate work to update oregon change our forward-looking statements, but arsenic required by law. On today's call, each fiscal metrics, but for gross oregon wherever we explicitly authorities otherwise, are non-GAAP. All equilibrium expanse and currency travel metrics, but for escaped currency travel are GAAP.

Please notation to our net merchandise for a reconciliation of non-GAAP fiscal metrics to the astir comparable GAAP metrics. Before turning to our results and outlook, enactment that we volition enactment successful the 2026 Evercore TMT Global Conference connected June 2 successful San Francisco. We look guardant to connecting with galore of you this quarter. I volition present crook the telephone implicit to Chris.

Chris Diorio: Thank you, Andy, and convey you each for joining the call. Our archetypal 4th results were coagulated with gross and adjusted EBITDA exceeding the apical extremity of our usher range. Endpoint IC bookings deed an all-time record, driven by the customized ASIC ramp astatine our 2nd ample North American proviso concatenation and logistics extremity user, our market-leading stock position, retailer rebuys and customers booking beyond our modular pb times amid lengthening rival pb times. Looking further out, we're approaching 2nd fractional 2026 prudently, hedging against aggregate imaginable macro scenarios. Starting with endpoint ICs, the RAIN Alliance has present released the 2025 manufacture volumes and our marketplace stock grew 1,700 ground points implicit 2024.