Raspberry Pi shares hit record high on upgraded profit outlook
FTSE 250-listed company forecasts core profit of at least $38 million for the six months to June 30, with shares surging 18% to 972 pence.
Raspberry Pi upgraded its full-year profit outlook on Friday, sending the Cambridge-based single-board computer maker’s shares to an all-time high. The FTSE 250-listed company reported that strong pricing and robust demand from industrial customers helped offset soaring memory-chip costs, driving its shares up as much as 18% to 972 pence in early trade.
The company forecast core profit of at least $38 million for the six months to June 30, a figure close to the current $42 million analyst consensus for the entire year. Looking further ahead, Raspberry Pi stated that full 2026 core profit would be significantly ahead of current market expectations. This guidance comes as the company’s shares have more than tripled in value from their initial public offering price of 280 pence in 2024.
Raspberry Pi plans to utilise debt facilities to secure memory supplies amid an unprecedented scarcity driven by surging artificial intelligence demand. The company noted that while macroeconomic uncertainty persists and the pricing and availability of dynamic random-access memory and non-volatile memory remain challenging, it is confident it can secure the inventory necessary to meet its full-year 2026 production goals.
Profitability per unit is expected to moderate in the second half of the year as inventory of chips secured at lower prices begins to shrink. However, the company highlighted that approximately one-third of its boards and modules by volume either use no memory chips or use an older type for which it maintains a separate inventory buffer not exposed to market volatility.
Demand from equipment manufacturers and industrial customers remains a key driver for the maker of low-cost, credit-card-sized computers. These devices are utilised in factory automation, robotics, digital signage, medical devices, and energy management systems, underpinning the strong performance that has pushed the stock to record levels.
