Although the company's AI hardware only came to market three months ago, Raspberry Pi’s CEO Eben Upton said, “We’ve seen very, very robust demand for this product.”

The company reported a gross profit of $34.2mn in the first six months of 2024, higher than internal forecasts and a 47 per cent increase on the same period in 2023. Revenue for the period was $144mn, up from $89.3mn last year. It kept its full-year outlook unchanged.

Raspberry Pi profits higher than expected after stock market float - The tech firm told shareholders that revenues jumped by 61% to 144 million US dollars (£107.9 million) over the six months to June.

The newly public Raspberry Pi Holdings reported its first financial results, easily beating expectations and delighting investors.

Budget computer firm Raspberry Pi has revealed that profits were stronger than expected in its first update since floating on the London stock market earlier this year. Shares in the company, whose computers are made in Wales, swung higher in early trading as a result.

The Raspberry Pi share price jumped after reporting earnings for the first time since its IPO. Dr James Fox explores whether this stock's worth buying.

Shares in the Cambridge-based computer business - which floated in June at 280p each to much fanfare - surged 6.6%, or 23p, to 371.2p..

Raspberry Pi has better than expected interim financial results for H1 2024, despite volumes being lower than expected.