---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-034736"
form_type: "8-K"
ticker: "PI"
cik: "0001114995"
company_name: "IMPINJ INC"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:13:19.982204+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Impinj Q2 2023 revenue $86M (record); GAAP EPS -$0.30, non-GAAP EPS $0.33; expects Q3 headwinds

## Summary
- Revenue of $86.0M, a record; GAAP net loss of $8.1M (-$0.30/diluted share); non-GAAP net income of $9.3M ($0.33/diluted share).
- Non-GAAP gross margin 53.3%; adjusted EBITDA $10.0M; systems revenue strong but endpoint IC weak from retail apparel destocking.
- CEO Chris Diorio expects ongoing headwinds from apparel destocking and retail macro weakness to more than offset enterprise strength in Q3.
- No formal guidance provided; qualitative outlook points to sequential revenue decline.

## SEC filing metadata
- accession: 0000950170-23-034736
- form_type: 8-K
- ticker: PI
- cik: 0001114995
- company_name: IMPINJ INC
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114995/000095017023034736/0000950170-23-034736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114995/000095017023034736/pi-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-034736
- JSON: https://secwatch.observer/filing/0000950170-23-034736.json
- Plain text: https://secwatch.observer/filing/0000950170-23-034736.txt

## Key facts
- Earnings Releases
  IMPINJ INC reported the second quarter ended June 30, 2023 results: revenue $86.0 million, net income $8.1 million, EPS $(0.30) per diluted share.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $86.0 million
  - Net income: $8.1 million
  - EPS: $(0.30) per diluted share
  - Result: reported results
  source text: overall retail macroenvironment, to more-than-offset strength in our enterprise solutions opportunities in the third quarter.” Second Quarter 2023 Financial Summary • Revenue of $86.0 million • GAAP gross margin of 51.0%; non-GAAP gross margin of 53.3% • GAAP net loss of $8.1 million, or loss of $(0.30) per diluted share using 26.7 million shares • Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114995/000095017023034736/0000950170-23-034736-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.