Raspberry Pi’s revenue jumps 90% as its memory stockpile pays off

Raspberry Pi nearly doubled its revenue in the first half of 2026, helped by memory chips it stockpiled before prices soared. Revenue rose 90% to $256.9 million in the six months to 30 June, the company said in its interim results on Thursday. A year earlier it was $135.5 million.

Pre-tax profit rose 216% to $19.6 million, and adjusted EBITDA more than doubled to $40.3 million. The Cambridge company shipped 4.2 million units, up 17%. Its order backlog doubled to 2.6 million units.

The memory bet

Raspberry Pi built up memory inventory in 2025, expecting supply to tighten and prices to rise.

“The decision in FY 2025 to build significant strategic memory inventory has allowed us to maintain product availability at a time when smaller competitors have struggled to secure allocation,” chief executive Eben Upton said.

Gross profit rose 79% to $59.4 million, and gross profit per board went from...

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