UK’s Raspberry Pi sees demand strengthening after first-half earnings drop

LONDON (Reuters) -Raspberry Pi , the single-board computer maker, said its second half had started well, with earnings ahead of last year and demand strengthening as it reported a 7% drop in adjusted earnings to $19.4 million for the six months to end-June.

The British company, which went public in June 2024, sold 3.6 million units in the period, slightly down on the year before.

Chief Executive Eben Upton said Raspberry Pi remained on track for the year, with profit expectations unchanged.

Analysts expect the company to report adjusted core earnings of $43.1 million for the full year, according to a company-complied consensus of three analysts.

(Reporting by Paul Sandle; editing by Sarah Young)