Shares in Raspberry Pi have surged after CEO Eben Upton (pictured) bought stock in the company.
A dip last year and this saw its shares fall below its 280p IPO offer price in June 2024, and way off its peak of 766p.
They fell as low as 257p despite a positive year-end trading update after admitting that supply uncertainty remains around the memory boards used in its products.
However a 42% rise yesterday saw them return above £4, and they have remained there today.
Social media ‘buzz’ around the use of the small computer boards for running AI agents has also intensified, which may partly explain the rise.
The Cambridge-based firm, behind low-cost miniature computers which were initially used extensively in education, said recently that for the year ended 31st December 2025, adjusted EBITDA was ahead of market consensus forecasts, at not less than $45m, up over 20% on FY2024.
Unit shipments were 4m in H2, with a total of 7.6m for FY2025, with the strong profit performance reflecting favourable unit economics in H2 and, in particular, through Q4.
Net cash was $28m at year end, after paying down $22m of extended supplier payables in the second half of FY2025.
However it said the cost of the LPDDR4 DRAM used in many Raspberry Pi products – a low-power, high-performance type of computer memory – has increased rapidly in recent months, with some major suppliers now indicating limitations of supply at high densities.
It said the trend has largely been driven by memory vendors diverting manufacturing capacity to meet the surge in AI data centre investment.
The company said it has taken multiple mitigating steps including qualifying additional suppliers, developing product variants with reduced memory capacity and assisting its manufacturing customers in migrating to these, and raising prices to reflect increases in input costs and protect profitability.
The group will report its full FY2025 results on 31st March 2026.