Sept 24 (Reuters) – Britain’s Raspberry Pi reported record first-half revenue and core profit growth on Thursday and maintained an upbeat annual outlook, as strong pricing and industrial demand helped it weather soaring memory-chip costs.
Shares in the Cambridge-based maker of single-board computers rose 15% in early trade, their biggest one-day gain since June 5.
Here are some details:
• Adjusted core profit more than doubled to $40.3 million in the six months to June 30, and revenue jumped 90% to $256.9 million
• Performance was driven by robust demand from its industrial and original equipment manufacturer customer base, which uses its credit-card-sized computers in everything from factory automation and robotics to medical devices
• Unit volumes are expected to be higher in the second half, thanks to strong demand
• It said it has sufficient memory inventory to meet its FY2026 production goals, while making strategic purchases for 2027
• Raspberry Pi reaffirmed its full-year profit outlook
• It reiterated that its per-unit profitability will “moderate” as its stockpile of cheaper memory chips, secured in 2025, runs down.
• CEO Eben Upton said Raspberry Pi was broadening its supplier base and adding production capacity with Sony to navigate memory shortages.
(Reporting by Amna Mariyam in Bengaluru; Editing by Rashmi Aich)
