Impinj (NASDAQ:PI) Earnings In Line But Q1 Guidance Misses; Shares Drop 18.4%

Impinj (NASDAQ:PI) reported Q4 CY2025 revenue of $92.85 million, 1.4% higher than the prior-year period and in line with analyst expectations, but guidance for Q1 CY2026 of $72.5 million missed by 19.9% compared to estimates. The GAAP loss of $0.04 per share was in line with the consensus. The stock fell 18.4% to $126.09 in after-hours trading. Supporting context: The company posted 21% annualized revenue growth over the past five years and 8.4% over the past two, indicating strong long-term fundamentals. However, Days Inventory Outstanding rose to 173, 8 days above the five-year average, and EBITDA missed. Sell-side analysts expect 22.5% revenue growth over the next 12 months, suggesting potential upside from new products and services.