Shares of RFID manufacturer Impinj (NASDAQ:PI) dropped 22.1% after the company issued a weak financial outlook for Q1 2026, projecting lower revenue than the previous quarter and a year-over-year decrease. This guidance, attributed to inventory reductions and project delays, overshadowed strong Q4 results. In response, Evercore ISI downgraded the stock and significantly cut its price target, citing higher volatility and slower near-term growth.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Why Impinj (PI) Stock Is Trading Lower Today
Shares of RFID manufacturer Impinj (NASDAQ:PI) dropped 22.1% after the company issued a weak financial outlook for Q1 2026, projecting lower revenue than the previous quarter and a year-over-year decrease. This guidance, attributed to inventory reductions and project delays, overshadowed strong Q4 results. In response, Evercore ISI downgraded the stock and significantly cut its price target, citing higher volatility and slower near-term growth.