Raspberry Pi (LON: RPI) shares climbed nearly 20% on Friday. The company issued a significant upgrade to its 2026 profit forecast.
Adjusted EBITDA for the first half is projected to reach at least $38 million. This figure nearly equals the previous full-year consensus estimate of $42 million.
Shipments are expected to exceed 4 million units in the first half. Performance was driven by strong demand and a favorable product mix.
The company utilized low-cost DRAM inventory acquired in 2025 to boost margins. Full-year results are now expected to finish well ahead of initial market expectations.
Management warned that margins may moderate during the second half. This expected decline follows the depletion of lower-cost memory inventory.