Raspberry Pi upgrades profit outlook as industrial demand drives shares to record high
By
CNA
Summary
Raspberry Pi, the British single-board computer manufacturer, upgraded its full-year profit outlook, driving its shares to an all-time high. The company cited strong pricing power and robust demand from industrial customers as key factors that helped it manage soaring memory-chip costs. However, it warned that profitability per unit would moderate in the second half of the year as lower-priced chip inventory diminishes. The company expects full 2026 core profit to be significantly ahead of market expectations, with first-half core profit forecast at least $38 million.
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Key quotes
· 3 pulledRaspberry Pi said it expected full 2026 core profit to be 'significantly ahead' of current market expectations
strong pricing and demand from industrial customers helped it weather soaring memory-chip costs
its profitability per unit would moderate in the second half as the inventory of chips secured at lower prices begins to shrink
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