Raspi share shoots up 60 percent after financial report
The Raspberry Pi manufacturer is growing in almost all metrics and paints a rosy outlook. The stock market is ecstatic.
(Image: Raspberry Pi Plc.)
The share price of Raspberry Pi Plc. temporarily shot up by over 60 percent within a single day. The reason is the financial report for the 2025 fiscal year.
The figures themselves are above expectations. But it is primarily the outlook that is making investors positive: CEO Eben Upton reports a strong start to 2026. The Raspi manufacturer can also largely navigate the storage crisis.
At 5.60 Euros, the Raspi share was still above its February high on Tuesday morning. At that time, the value had temporarily risen because Raspberry Pi single-board computers for use with AI agents such as OpenClaw and PicoClaw were hyped. The share has since settled at around 5.20 Euros.
Despite the current price increase, the Raspi share is only just reaching last year's value. The all-time high from early 2025 remains unreached. At that time, a share cost over 9 Euros.
More microcontrollers sold than boards
Raspberry Pi Plc. generated around 323.2 million US dollars in revenue for the entire year 2025, 25 percent more than in 2024. As expenses did not rise as sharply as revenue, net profit grew by 85 percent to 21.7 million US dollars.
For the first time in the company's history, the manufacturer sold more individual chips than single-board computers and modules. The ratio in 2025 was 8.4 million to 7.6 million. Raspberry Pi Plc. primarily sells its self-designed microcontrollers to other manufacturers, such as the RP2350 and RP2040. The processors on the Raspi boards come from Broadcom; they are not sold by Raspberry Pi Plc.
The only item that is significantly decreasing is the cash reserve. The company reports 28.1 million instead of 45.8 million. However, this already includes 52.2 million US dollars in settled liabilities to suppliers. The value is therefore well received. The manufacturer spent 11.1 million US dollars on research and development, 28 percent more than in 2024.
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Storage situation remains tense
Gross margin slightly decreased from 24.4 to 24.1 percent, presumably due to rising storage prices towards the end of the year. The largest cost increases only occurred after the end of the fiscal year. According to its own statements, LPDDR4 RAM on current Raspis now costs seven times as much as it did in 2025. The manufacturer expects a tense supply situation until at least 2027.
"Even though the situation on the DRAM market makes forecasts for the second half of the year more difficult, we have the necessary inventory, supplier relationships, and pricing flexibility to successfully manage this situation. Against this background, we expect profitability for the full year to be in line with market estimates, while revenue is likely to be significantly higher," the financial report states.
This means: Prices for Raspi products could continue to rise. Due to the higher prices, the manufacturer expects higher revenues, which will not be reflected in profits, however. The company does not provide specific revenue expectations.
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