Raspberry Pi Holdings plc has reported record revenue and profitability for the first half of its financial year.
The Cambridge-based firm said this morning that revenue increased 90% to $256.9 million and adjusted EBITDA climbed 108% to $40.3m in the six months ended 30th June 2026. Profit before tax increased 216% to $19.6m.
The firm’s share price rose 16% in the first 30 minutes of trading (writing at 8.30am). It has climbed almost 150% in the year to date and is up almost 70% since its blockbuster IPO in 2024.
Its market cap is currently around £1.4 billion.
Raspberry Pi is behind low-cost miniature computers which were initially used extensively in education before becoming a favourite among hobbyists.
The company, which listed in 2024, is “graduating from maker culture and hobbyist fan fave to something more mature” and has seen demand for its products from original equipment manufacturers and other enterprise customers.
Raspberry Pi said the performance was ‘driven by strong OEM and reseller demand, increased unit shipments, favourable product mix and disciplined execution during a period of significant supply-chain disruption’.
It saw robust demand growth across a broad range of sectors, with particularly strong engagement in smart home and aerospace & defence.
Unit shipments increased 17% to 4.2m while direct (ex-licensee) unit shipments increased 26% to 3.4 million, reflecting continued acceleration in OEM adoption.
Full-year EBITDA is now expected to be ahead of market consensus.
“The decision in FY 2025 to build significant strategic memory inventory has allowed us to maintain product availability at a time when smaller competitors have struggled to secure allocation,” said Eben Upton, CEO.
“With a substantial order backlog, expanding production capacity and a strong pipeline of OEM opportunities, Raspberry Pi is well positioned for rapid growth in unit shipments in 2027 and beyond.”