Impinj, Inc. announced strong financial results for the second quarter ended June 30, 2025, with revenue and adjusted EBITDA exceeding its guidance. The company reported revenue of $97.894 million, which surpassed the midpoint of its guidance of $93.5 million and Wall Street expectations, despite a 4.5% year-over-year decline from Q2 2024.
Non-GAAP net income for the quarter was $24.516 million, or $0.80 per diluted share, significantly beating the analyst consensus of $0.71 per share. Adjusted EBITDA reached $27.606 million, exceeding the guided range of $23.5 million to $26.0 million. CEO Chris Diorio attributed the outperformance to broad-based demand across endpoint ICs, reader ICs, and gateway products, along with a richer product mix favoring the M800 chip.
For the third quarter of 2025, Impinj provided robust guidance, projecting revenue between $91.0 million and $94.0 million, with the midpoint of $92.5 million being 7.4% above analysts' expectations. Non-GAAP net income per diluted share is expected to be between $0.47 and $0.51, and adjusted EBITDA is guided between $15.6 million and $17.1 million, reflecting continued strong operational execution and market progress.
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