RFID manufacturer Impinj (NASDAQ:PI) will be announcing earnings results tomorrow after the bell. Here’s what investors should know.

Impinj beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $102.5 million, up 19.2% year on year. It was an exceptional quarter for the company, with a significant improvement in its inventory levels and gross margin.

Is Impinj a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Impinj’s revenue to grow 42.9% year on year to $92.88 million, a reversal from the 4.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.48 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Impinj has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.7% on average.

Looking at Impinj’s peers in the semiconductors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Micron Technology delivered year-on-year revenue growth of 93.3%, beating analysts’ expectations by 1.4%, and SMART reported a revenue decline of 1.7%, falling short of estimates by 4.3%. Micron Technology traded up 14.6% following the results while SMART’s stock price was unchanged.

Read our full analysis of Micron Technology’s results here and SMART’s results here.

Investors in the semiconductors segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Impinj is up 11% during the same time and is heading into earnings with an average analyst price target of $206.30 (compared to the current share price of $231).

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