London · Delayed Price · Currency is GBP · Price in GBX Raspberry Pi Holdings Earnings Call Transcripts
Fiscal Year 2025
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2025 delivered record growth in units, revenue, and EBITDA, with strong demand in the US and China and a 47% surge in chip sales. Elevated DRAM prices will pressure margins in 2026, but robust inventory and supplier relationships support continued growth.
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2025 delivered record growth in shipments, revenue, and profitability, with strong demand in the US and China and a major milestone in semiconductor sales. Elevated memory prices are expected to pressure margins in 2026, but robust demand and supply chain actions support a positive outlook.
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First half 2025 saw a recovery in demand, improved product mix, and strong industrial/OEM sales, with gross profit per unit at $8 and adjusted EBITDA of £19.4 million. Cash declined due to working capital normalization, but outlook remains positive with sufficient DRAM supply and continued innovation.
Fiscal Year 2024
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2024 saw a successful IPO, record product launches, and a shift to industrial markets. Gross profit per board declined due to product mix, but overall margins held steady. Inventory and CapEx rose to support new launches and supply chain resilience.
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Strong H1 performance with 31% unit growth, 47% higher gross profit, and a successful IPO funding future R&D and supply chain resilience. New product launches, including AI and cloud offerings, are driving innovation, while inventory and supply chain normalization are on track.
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Strong H1 performance with 61% revenue growth, 31% higher unit sales, and robust profit margins, driven by new product launches and recovery from supply chain shortages. Inventory and costs rose, but cash position remains solid, and full-year guidance is unchanged.