Raspberry Pi’s Revenue Jumps 90% as Memory Stockpile Pays Off
Raspberry Pi’s revenue rose 90% to $256.9 million in the first half of 2026, and pre-tax profit tripled. Memory chips bought in 2025 helped keep boards in stock as prices climbed.
Key Highlights:
- Revenue Growth: Up 90% to $256.9 million, from $135.5 million a year earlier.
- Pre-tax Profit: Increased 216% to $19.6 million.
- Adjusted EBITDA: More than doubled to $40.3 million.
- Shipments: 4.2 million units, a 17% increase.
- Order Backlog: Doubled to 2.6 million units.
Memory Strategy:
Raspberry Pi built up memory inventory in 2025, anticipating supply tightness and price rises. This strategy proved beneficial in the short term, allowing them to maintain product availability while smaller competitors struggled.
Financial Details:
- Gross Profit: Rose 79% to $59.4 million, with a gross margin of 23%.
- Memory Costs: Averaged $13.3 per gigabyte at the end of June, compared to $3.6 at the end of 2025.
- Credit Facility: Increased from $80 million to $140 million in July.
Future Prospects:
The company expects full-year EBITDA to exceed market forecasts, thanks to sufficient memory in hand and on order. They anticipate shipping more units in the second half than the first.
Global Memory Trends:
- China’s largest memory maker has caught up with Samsung.
- Insta360 spent $298 million on memory chips in six months.
- Memory price rises are slowing as buyers run out of funds.
By Cristian Dina, CRO at The Next Web.