Impinj has reported record-breaking financial results for Q2 2026, posting revenue of $108.4 million and signalling a major inflection point for RAIN RFID adoption in the food and grocery sector.
The RAIN RFID chip maker beat Wall Street expectations by a wide margin, with revenue surpassing the $96.3 million consensus estimate by 12.5%. Non-GAAP earnings per share came in at $0.86, beating the $0.64 analyst forecast by 34.4%. The company’s adjusted EBITDA reached $30.7 million, a record 28.3% margin, while non-GAAP gross margin hit a record 60.9%.
Endpoint IC revenue, which tracks chip shipments into tags and labels, reached $96.4 million. That figure was up 53% sequentially and 14% year-over-year, reflecting strong demand across multiple verticals. Impinj stock rallied 9.1% in after-hours trading following the announcement.
“Our second-quarter results were strong, with revenue, adjusted EBITDA and non-GAAP earnings-per-share setting new quarterly records,” said CEO Chris Diorio. “We are incredibly well positioned to lead and win, and I have never been more excited about our future than I am today.”
The most significant strategic development from the earnings call was the disclosure that three of the five largest U.S. grocery chains have now announced RAIN RFID pilots or deployments across bakery, deli, and meat categories. Diorio described the pace of adoption as unprecedented: “The opportunity breadth and sheer number of large engaged enterprises so early in the market cycle is far larger and faster than anything I’ve seen in our industry’s history.”
Current food and grocery applications include store replenishment for quick-serve restaurant chains, in-store inventory tracking at supermarkets, loss identification at point of sale, and automated self-checkout. These use cases represent a significant expansion of RAIN RFID beyond its established base in retail apparel, which Diorio noted “remains in mainstream adoption and continues to add volume.”
Beyond food, Impinj highlighted growth in general merchandise categories including over-the-counter pharmaceuticals, cosmetics, and health and beauty products. Supply chain and third-party logistics also contributed to the quarter’s strength, with the custom ASIC transition at the company’s second-largest North American logistics customer reported as ahead of schedule. Full conversion is expected in Q3 2026.
For the third quarter, Impinj guided revenue to a midpoint of $107.0 million, within a range of $105.5 million to $108.5 million. Non-GAAP EPS guidance was set at $0.59 to $0.63, suggesting the company expects to maintain its momentum through the second half of the year.
CFO Cary Baker noted improved channel inventory visibility through the ASIC transition period, providing additional confidence in the outlook. The combination of record financial performance, accelerating food and grocery adoption, and expanding general merchandise penetration positions Impinj at the centre of what appears to be a broadening wave of RAIN RFID deployment across the global supply chain.
Read more at https://investor.impinj.com/news/press-release/2026/Impinj-Reports-Second-Quarter-2026-Financial-Results/default.aspx