Raspberry Pi Reports Strong First Half Post-IPO, Shares Surge

The company's revenue jumped 61% and gross profit rose 47%, driven by new product launches and easing supply constraints.

Raspberry Pi's revenue reached $144 million in the first half of 2024, up 61% from the previous year.
Gross profit for the period was $34.2 million, marking a 47% increase.
The company saw robust demand for its new Raspberry Pi 5 and AI Kit, contributing to higher margins.
Shares rose 7% following the earnings report, with the company now part of the FTSE 250 index.
Despite lower-than-expected unit volumes, higher-margin products boosted overall profitability.