Raspberry Pi raises profit forecast as AI demand grows
Summary
Raspberry Pi has raised its profit forecast because more people are buying its small computers to build AI devices. The company expects to earn at least $38 million in the first half of 2026, driven by strong sales and growing demand for affordable AI hardware.Key Facts
- Raspberry Pi is based in Cambridge, UK, and makes credit card-sized computers.
- The company expects adjusted earnings of at least $38 million (£28.2 million) for the first half of 2026.
- Shares jumped up to 25% after the profit forecast was raised.
- The company’s market value is now about £2 billion.
- More than four million Raspberry Pi units are expected to be sold in the first half of 2026.
- These small computers are popular for programming and are now used to create AI-powered devices.
- Raspberry Pi has increased product prices due to a global shortage of memory chips.
- The rise in chip prices is partly caused by high demand from AI data centers.
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