UK's Raspberry Pi 2025 revenue rises 25% on strong demand

Raspberry PI Holdings

31/03/2026 07:10

Overview

UK computing hardware maker's 2025 revenue rose 25% on higher unit sales and ASPs

Adjusted EBITDA up 25%, driven by demand and improved unit economics

Adjusted EPS for 2025 grew 35% yr/yr

Outlook

Raspberry Pi expects FY 2026 profitability to be in-line with market estimates, revenue materially higher

Company sees strong sales momentum continuing into opening months of FY 2026

Raspberry Pi expects DRAM supply constraints to persist beyond this year, with mitigation from demand elasticity and foundry investment

Result Drivers

HIGHER-VALUE PRODUCT MIX - Growth in sales of higher-priced Raspberry Pi 4 and 5 boards, along with increased accessory sales, contributed to revenue and profit gains

STRONG DEMAND IN KEY MARKETS - Robust demand from OEMs and resellers, particularly in the US and China, supported higher unit shipments

SUPPLY CHAIN AND PRICING ACTIONS - Supplier diversification, pricing adjustments, and inventory buffers helped offset rising DRAM costs

Company press release: ID:nRSe7060Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$323.2 mln
FY Adjusted EPS
$0.14
FY Adjusted EBITDA
$46.4 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated hardware & software peer group is "buy"

Wall Street's median 12-month price target for Raspberry Pi Holdings PLC is GBp420.00, about 43.7% above its March 30 closing price of GBp292.20

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 33 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)