Raspberry Pi posts record first-half revenue as shipments and profit surge

Tech Hardware & Electrical Equipment Written by: Ephrem Joseph 02:45 Thu 24 Sep 2026 --> Proactive has a commercial relationship with Raspberry Pi Holdings PLC. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Raspberry Pi Holdings PLC ( LSE:RPI ) View Price & Profile Raspberry Pi posts record first-half revenue as shipments and profit surge Published: 02:45 24 Sep 2026 EDT Raspberry Pi Holdings PLC (LSE:RPI) delivered record first-half revenue and profitability as strong OEM demand, higher unit shipments and favourable product mix drove sharp growth across the business. Revenue for the six months to 30 June jumped 90% to $256.9 million, while adjusted EBITDA more than doubled to $40.3 million from $19.4 million a year earlier. Profit before tax rose 216% to $19.6 million. Gross profit increased 79% to $59.4 million, although gross margin slipped to 23% from 25% as higher memory costs were passed through in product pricing. Unit shipments increased 17% to 4.2 million, with direct shipments up 26% to 3.4 million as OEM adoption accelerated. The customer order backlog doubled during the half to 2.6 million units. Demand was particularly strong in Smart Home and Aerospace and Defence, while the group continued to expand its edge-AI offering with the launch of AI HAT+ 2 for Raspberry Pi 5. Net cash stood at $18.4 million at the end of June, down from $34.3 million a year earlier, reflecting investment in strategic memory inventory to protect production during supply-chain disruption. Looking ahead, Raspberry Pi expects second-half unit volumes to exceed the first half, supported by its backlog and increased production capacity. Full-year EBITDA is expected to come in ahead of market consensus, despite moderation in the exceptional unit economics seen earlier in the year. Continue reading