PI, US4532041096

Impinj exchanges USD 56.3 million notes: Impinj stock gains 4.18 percent

Published on 10/01/2026 at 20:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue hit USD 108.37 million, up 10.70 percent year over year. Impinj stock costs EUR 164.68 on October 1, 2026 versus EUR 158.08.

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Impinj (ISIN US4532041096) agreed on September 10, 2026 to exchange USD 56.3 million of 2027 convertible notes, while its stock was up 4.18 percent at EUR 164.68 at Lang & Schwarz on October 1, 2026 at 8:35 p.m. CEST. Nasdaq reported that the exchange covers approximately USD 56.5 million in cash and 188,451 shares for the outstanding principal.

Convertible notes reshape the balance sheet

The transaction targets most of the 1.125 percent convertible notes due 2027. Impinj said the exchange closings were expected around September 16, 2026, with approximately USD 1.0 million of principal remaining afterward, and the company planned to use cash on hand.

The amounts were estimates tied to a two-day measurement period ending September 14, 2026. That detail matters because the final cash payment and share issuance could change with the stock price, making the deal a balance-sheet action rather than a fixed-cost retirement.

Second-quarter revenue jumps 46.00 percent

Impinj reported second-quarter 2026 revenue of USD 108.37 million, up 46.00 percent from USD 74.25 million in the first quarter and 10.70 percent from USD 97.90 million a year earlier. Yahoo Finance reported that Endpoint IC revenue reached USD 96.40 million, up 53.00 percent sequentially and 14.00 percent year over year.

The same call showed second-quarter 2026 GAAP net income of USD 12.20 million, while non-GAAP net income reached USD 27.00 million, or USD 0.86 in adjusted earnings per share. Adjusted EBITDA was USD 30.70 million, producing a 28.30 percent adjusted EBITDA margin.

October earnings date sets the next test

MarketBeat lists Impinj's third-quarter 2026 results for October 28, 2026 after the market closes, with consensus earnings per share of USD 0.61 and expected revenue of USD 107.43 million. The date gives the note exchange a near-term financial checkpoint.

For valuation context, MarketBeat reported on September 29, 2026 that 11 firms held a Moderate Buy consensus, including seven Buy ratings, three Holds and one Sell. The average 12-month target was USD 183.30, while the latest individual targets cited by the report ranged from USD 168.00 to USD 200.00.

Impinj stock gains 4.18 percent

Impinj stock was trading at EUR 164.68 at Lang & Schwarz on October 1, 2026 at 8:35 p.m. CEST, up 4.18 percent versus the prior close of EUR 158.08 on September 30, 2026. The primary listing is Nasdaq in USD, and the market capitalization was USD 5.6 billion as of October 1, 2026.