Raspberry Pi Hits Record First-Half Revenue on Surging Industrial Demand
Raspberry Pi's Financial Performance and Market Drivers
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.
Key Financial Highlights
Here are some details:
Revenue and Profit Growth
• 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
Industrial and OEM Demand
• 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
Outlook for the Second Half
• Unit volumes are expected to be higher in the second half, thanks to strong demand
Strategic Initiatives and Future Planning
Memory Inventory and Production Goals
• It said it has sufficient memory inventory to meet its FY2026 production goals, while making strategic purchases for 2027
Profitability and Cost Management
• 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.
Supplier Base and Production Capacity
• 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)
