Raspberry Pi Holdings PLC saw its shares jump 20.8% after the Cambridge-based maker of low-cost single-board computers issued a trading update before the London market opened, upgrading its profit expectations for the year. The company now expects adjusted EBITDA for the first half to reach at least $38 million, and said full-year EBITDA is likely to come in substantially above current market forecasts.
The stronger-than-expected performance pushed the stock to a new 52-week high of 1,009p during the session, and it was trading at 994.5p after the announcement. The move contrasts with broader weakness across European equity markets on the day, underscoring how company-specific developments can drive investor action even when sector indexes are under pressure.
Management attributed the outperformance to three principal factors: ongoing growth in unit volumes, a favorable product mix, and the drawdown of low-cost DRAM inventory that the company accumulated during 2025 prior to increases in memory prices. In addition, Raspberry Pi confirmed that unit shipments are expected to exceed 4 million for the half ending June 30, 2026, and highlighted resilient demand from original equipment manufacturers and other customers despite DRAM-related price increases.
The update effectively addressed a prominent investor worry that rising memory costs would materially compress margins, at least over the near term, by signalling that the company’s inventory position and sales dynamics are supporting profitability.
Market context offered limited support to the rally. The pan-European STOXX 600 slipped 0.2% to 623.10 points and was set to record a 0.5% decline for the week. Technology names led the declines on the day, falling 2% on Friday after having posted gains of more than 33% over the prior two months following disappointing results from U.S.-based Broadcom. Energy markets were firmer, with Brent crude around $95 a barrel and on track to finish the week higher amid low expectations for a diplomatic resolution between the U.S. and Iran.
Raspberry Pi’s stock has recovered sharply from its 52-week low of 253.8p, more than tripling since that trough. The revised guidance has reset investor expectations for the full year and attracted renewed buying interest in a name that had already seen significant gains from its low point.
Investors and analysts will likely watch subsequent updates closely for confirmation that the drivers cited in the trading statement - unit-volume growth, product mix benefits and inventory drawdown - persist into the second half. For now, the trading update removed a near-term margin concern tied to higher DRAM pricing and prompted a strong market reaction despite a sluggish broader European market.
Summary
Raspberry Pi upgraded its first-half adjusted EBITDA outlook to at least $38 million and expects more than 4 million units shipped in the half ending June 30, 2026. The stock jumped to a 52-week high as investors welcomed confirmation that unit growth, favourable product mix and drawdown of low-cost DRAM inventory are supporting margins amid rising memory prices.