Raspberry Pi Stock Soars Over 16% on Record Results and Upgraded Outlook

Shares of Raspberry Pi Holdings PLC (RPI) surged more than 16% on Tuesday after the maker of low-cost single-board computers reported record interim results and raised its full-year earnings forecast, citing accelerating demand from commercial and industrial customers.

Stellar First-Half Performance

For the six months ended June 30, 2026, Raspberry Pi announced that its revenue jumped 90% year-over-year to $256.9 million. The company's profitability metrics showed even more substantial growth, with adjusted EBITDA more than doubling to $40.3 million and profit before tax soaring 216% to $19.6 million.

According to the company's report, these figures were materially ahead of what market analysts had anticipated.

Raised Guidance and Strong Demand

Buoyed by the strong performance, Raspberry Pi raised its outlook for the full year. Management now expects full-year 2026 adjusted EBITDA to exceed the prior market consensus, which stood at approximately $42 million.

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The positive forecast is underpinned by a significant increase in adoption by original equipment manufacturers (OEMs). Key operational highlights from the first half include:

• Total unit shipments rose 17% to 4.2 million.
• The customer order backlog doubled to 2.6 million units.
• Demand was noted as particularly robust in the Smart Home and Aerospace and Defence sectors.

Market Reaction

Investors reacted positively to the news, sending the company's stock up 16.2% to close at 733.99 pence in London trading. The rally was driven by company-specific fundamentals and stood in contrast to the broader market, where U.S. equities traded modestly lower during the session.

The strong report followed a six-day winning streak for the shares, suggesting some investors had been positioning for a positive earnings surprise.