Cambridge-based computer maker reports record earnings while expanding component supply chains to navigate rising memory costs.
Britain’s Raspberry Pi has delivered record first-half revenue and core profit growth, underpinned by strong pricing power and robust demand from industrial and original equipment manufacturer (OEM) clients. The Cambridge-based developer of compact single-board computers reaffirmed its full-year outlook, with its shares jumping 15 per cent in early trading following the announcement.
For the six months ending 30 June, adjusted core profit more than doubled to $40.3 million as revenue climbed 90 per cent to $256.9 million. Growth was heavily driven by industrial customers incorporating the credit-card-sized devices into factory automation systems, robotics, and medical equipment.
Looking ahead, unit volumes are projected to increase further in the second half of the year. The company confirmed it holds sufficient memory chip inventory to meet its 2026 production targets while making strategic forward purchases for 2027. Although unit profitability is expected to moderate as stockpiles of lower-cost memory secured in 2025 are depleted, Chief Executive Eben Upton stated that the firm is broadening its supplier network and expanding manufacturing capacity with Sony to mitigate ongoing component pressures.
