Key facts
- Raspberry Pi raised its full-year 2026 profit forecast.
- Strong demand for AI-related products is driving the upward revision.
- First-half core profit is projected to be at least $38 million.
- Unit shipments are expected to exceed 4 million in the first half.
- Profit margins per unit are anticipated to moderate in the second half.
- The company will use debt facilities for strategic memory purchases.
Single-board computing company Raspberry Pi announced on Friday that it has raised its full-year 2026 profit forecast. This upward revision is driven by strong demand related to artificial intelligence, which is expected to lead to adjusted core profit significantly exceeding market expectations for the year. The company anticipates a first-half core profit of at least $38 million, with unit shipments projected to be over 4 million for the six months ending June 30. This performance is attributed to growth in volumes, a favorable product mix, and inventory stockpiled in fiscal year 2025. However, Raspberry Pi cautioned that profit margins per unit are likely to moderate in the second half as memory chip inventory diminishes. To address the unprecedented scarcity of memory chips, exacerbated by surging AI demand, the company plans to utilize debt facilities for strategic memory purchases to secure supply. London-listed shares were up 19.5% following the announcement.