Raspberry Pi Holdings (LSE:RPI) reported revenue of $256.9 million for the first half of 2026, an increase of 90% from the corresponding period a year earlier, as unit shipments and demand from OEM and reseller customers increased.
Adjusted EBITDA more than doubled to $40.3 million, while profit before tax rose 216% to $19.6 million.
Gross profit increased 79% to $59.4 million, with gross profit per board rising 53% to $12.2.
Gross Margin Declines as Memory Costs Increase
Raspberry Pi reported a slight decline in gross margin during the period as higher memory costs were passed through to customers.
The company shipped 4.2 million units during the first half, representing an increase of 17% year on year.
Direct shipments increased 26% to 3.4 million units.
Raspberry Pi said demand came from both OEM and reseller customers, with applications including smart home products and the aerospace and defence sectors.
Order Backlog Doubles to 2.6 Million Units
The company’s order backlog increased to 2.6 million units, twice the level reported previously.
Raspberry Pi increased inventory and diversified its supplier base as it sought to maintain product availability during disruption in the memory market.
Management expects unit volumes to increase during the second half of the year and is expanding production capacity to support anticipated demand.
The company also reported an OEM pipeline covering applications including industrial computing and edge artificial intelligence. These expectations remain subject to future demand and operating conditions.
About Raspberry Pi Holdings
Raspberry Pi Holdings is a Cambridge-based computing company supplying general-purpose computing platforms to industrial, embedded, enthusiast and education customers.
Its engineering activities cover semiconductor intellectual property, hardware design, software engineering and compliance.
The company also operates in the semiconductor market and said more than 77 million Raspberry Pi units have been sold to date.
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