What Happened to Raspberry Pi Holdings plc Shares on 13 November 2026?

Raspberry Pi Holdings plc (LSE:RPI) shares eased 0.96% to 518.0p on 13 November 2026. The Cambridge-based computing company was in focus following its interim results for the half year ended 30 June 2026, published on 24 September 2026.

The results reported record Revenue and profitability, higher unit shipments and a doubled order backlog.

Key Highlights

Revenue rose 90% to $256.9m, and adjusted EBITDA rose 108% to $40.3m. Profit before tax increased 216% to $19.6m.

Unit volumes increased 17% to 4.2 million, and the order Backlog doubled to 2.6 million units.

About Raspberry Pi Holdings plc

Raspberry Pi is a leader in high-performance, low-cost computing, with over 77 million units sold to date. It supplies single-board computers, microcontrollers and related products to hobbyists, education and industrial customers.

Eben Upton is Chief Executive and Richard Boult is Chief Financial Officer. The company listed on the London Stock Exchange in June 2024.

Demand and Backlog

Demand from OEM customers and the reseller channel was healthy throughout the half, according to management. The doubling of the order backlog to 2.6 million units provides visibility into 2027.

OEM customers embed Raspberry Pi products in industrial and commercial equipment.

Outlook Upgrade

In a June trading update, the company said first-half profitability would be materially ahead of the prior year and upgraded its full-year outlook. It said full-year adjusted EBITDA would be significantly ahead of consensus expectations of $42.0m at that time.

The upgrade reflected Volume growth, favourable product mix and the use of lower-cost DRAM inventory.

Procurement and Supply

Management cited forward planning in procurement, including memory purchased earlier, which helped keep products available. The company referred to existing vendor relationships and plans to onboard new suppliers.

Memory pricing remains a Factor the company discusses in its outlook.

Product Range

The group has expanded its product range with new microcontroller chips and higher-performance computers. The semiconductor Business has become a larger share of the group over time.

New products reinforce the company's technology Leadership in its target markets.

Understanding OEM Customers and Adjusted EBITDA

An OEM customer builds a Raspberry Pi product into its own equipment, which can lead to multi-year volume programmes. Adjusted EBITDA is Earnings before interest, tax, Depreciation and amortisation, adjusted for specific items.

Unit volumes are the number of devices sold.

Why the Update Matters for the Sector

Embedded computing companies are followed for design wins, backlog and component supply. Raspberry Pi's update shows how Demand from industrial customers has supported growth.

UK technology listings are watched for how they perform as they scale.

Putting the Update in Context

Technology companies are commonly followed for recurring revenue, order intake, margins and the pace at which products are adopted by customers. Updates often describe how demand is developing across end markets and how Investment in product development supports future offerings.

Order books and contract visibility help describe how much future revenue has already been agreed, while gross Margin shows how much of each pound of sales remains after direct costs. Reading these measures together gives a rounded view of how a business is progressing.

Many technology businesses report adjusted measures of profit that exclude certain items, and they explain the adjustments in their announcements. Cash conversion, which compares Operating Cash Flow with profit, is another measure that readers follow to understand financial quality.

Customer concentration, product cycles and currency movements are routine topics in technology reporting. Management commentary on these areas helps readers understand how a company plans for changes in demand and supply.

Key Growth Catalysts

Growth in OEM demand, a larger backlog, new products and procurement planning are the main supports. Brand Recognition among developers adds reach.

Record first-half profit provides momentum into the second half.

Factors to Monitor

Component prices, Supply availability and product mix influence margins. Customer ordering patterns can vary between periods.

Currency movements affect a business reporting in US dollars.

What Investors Should Watch Next

Investors may wish to follow second-half trading, backlog conversion, memory supply and full-year results.

Conclusion

Raspberry Pi Holdings plc (LSE:RPI) eased 0.96% to 518.0p on 13 November 2026. Raspberry Pi reported 90% revenue growth to $256.9m and a doubled order backlog. Second-half trading and full-year results are the next points of reference.