UK's Raspberry Pi says memory supply issues make 2026 outlook uncertain

LONDON, Jan 13 (Reuters) - Raspberry Pi, ⁠the single-board ‌computer maker, said its ⁠2025 core earnings would be ahead of expectations after it shipped ‍4 million units in the second half, but its 2026 ‍outlook was clouded by volatility in the supply and price of ⁠memory.

The British company said it expected 2025 core earnings to be not less than $45 million, up more than 20% ​on 2024.

Looking forward, it said the cost of LPDDR4, a type of memory used in devices, had increased rapidly in recent months, with some major ‍suppliers now indicating limitations of supply at high densities.

It ‌said the trend had largely been driven by memory vendors diverting capacity to ‌meet the surge in AI data centre investment.

"There is significant uncertainty as to the timing of a return to ‌more normal DRAM pricing and availability," it said.

Chief Executive Eben ​Upton, however, said that despite a challenging memory supply environment, the company's supply chain discipline had enabled it to meet expanding ⁠customer demand.

"We enter 2026 benefiting from ‍substantial inventory buffers, long-standing and growing industrial OEM relationships, which typically account for 70% ​of our demand, and a number ⁠of initiatives intended to optimise the performance of our business in the short and medium-term," he said.

(Reporting by Paul Sandle; editing by Sarah Young)

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