
Earnings · Raspberry Pi · Revenue Growth · Semiconductor
Raspberry Pi Holdings PLC shares surged 24% to 363.20 pence after the company reported a 63% increase in pretax profit to USD26.5 million and a 25% revenue growth to USD323.2 million in 2025, while also projecting "materially higher" revenue for 2026.
The Cambridge, England-based low-cost computer manufacturer exceeded its adjusted earnings before interest, tax, depreciation and amortisation guidance, reaching USD46.4 million against a "not less than" USD45 million forecast. This performance was driven by strengthening demand, particularly from the US and China, and favorable unit economics in the latter half of 2025, with unit shipments up 8.6% to 7.6 million.
Despite rising memory costs, Raspberry Pi stated it is successfully navigating these challenges through supplier diversification, pricing adjustments, and substantial inventory buffers. The company's net cash stood at USD28.1 million, exceeding expectations, even after paying down USD52.2 million in supplier payables.
Strong sales momentum continued into early 2026, leading Peel Hunt to raise its 2026 revenue forecast to USD490.9 million from USD357.5 million, although it cut the gross profit margin projection. CEO Eben Upton highlighted strategic hiring, rapid new product uptake, and aligned channel capabilities as drivers for future opportunities.