Single-board computing firm Raspberry Pi earnings beat expectations on demand and higher prices

Single-board computing company Raspberry Pi reported a better-than-expected 25% rise in annual earnings, helped by strengthening demand and price increases linked to higher memory chip costs, sending its shares up 26% on Tuesday.

The British company shipped 4 million units in the second half, giving a total of ‌7.6 million ⁠for ⁠the year, up 7% on 2024.

Constraints in the DRAM memory market as cloud providers and hyperscalers have ordered huge amounts of memory have caused prices to rise sharply.