Raspberry Pi hails record H1 performance, shares surge
By Michele Maatouk
Date: Thursday 24 Sep 2026
(Sharecast News) - Raspberry Pi surged on Thursday as it hailed record first-half profit and revenue, pointing to strong OEM and reseller demand and increased unit shipments.
In the six months to 30 June, adjusted earnings before interest, tax, depreciation and amortisation jumped 108% to $40.3m, with revenue up 90% at $256.9m.
Pre-tax profit rose to $19.6m from $6.2m in the same period a year earlier.
The company said revenue and profitability were supported by strong unit shipments and a favourable product mix, and by unit economics which reflect both its own price increases in FY 2026 and the continued consumption of memory inventory acquired at lower prices during 2025.
The single board computer maker said demand remained robust across both its OEM customer base and its reseller channel. Total unit shipments ticked up 17% to 4.2 million.
Chief executive Eben Upton said: "Demand from our OEM customers and our reseller channel was strong throughout, and our order backlog doubled during the period. 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.
"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."
At 0920 BST, the shares were up 15% at 724.08p.
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