Raspberry Pi Holdings PLC on Friday said it expects profitability in the first half of 2026 ‘materially ahead’ of the prior year, sending its shares higher in early trading.
Shares in the Cambridge, England-based manufacturer of low-cost computers shot up 19% to 979.50 pence on Friday morning in London.
Raspberry Pi said unit volume in the first half of 2026 is expected to be over 4 million, up from 3.6 million reported a year prior, as it noted interim trading had been ‘strong’.
Adjusted earnings before interest, tax, depreciation and amortisation of at least $38 million are anticipated, with this minimum figure almost doubling from $19.4 million.
The company said performance has been supported by a combination of volume growth, a favourable product mix and utilisation of low-density RAM inventory accumulated throughout 2025.
Looking to the second half of the year, Raspberry Pi said it is confident in securing inventory required to meet its needs for full-year production goals. It added that it expects to ‘appropriately utilise’ its debt facilities throughout 2026, ‘given the opportunity to make strategic purchases of memory inventory’.
Raspberry Pi said that owing to the strong interim performance, it now expects adjusted Ebitda for the full-year to be ‘significantly ahead’ of market expectations.
The company noted consensus expectations for full-year adjusted Ebitda of $42.0 million. For 2025, Raspberry Pi reported $46.4 million in adjusted Ebitda.
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