Shares in Raspberry Pi Holdings rocketed 19.5% to 9.85 pounds in London morning trading after the low-cost computer maker projected full-year earnings would significantly exceed market expectations. The stock has more than tripled in value year-to-date, marking a dramatic turnaround for the maker of affordable computing devices.

The company expects adjusted EBITDA of at least $38 million for the six months ending June 30, with unit sales topping 4 million devices. These figures substantially outpace analyst forecasts, reflecting improved financial performance across the business.

Jefferies analyst Janardan Menon attributed the better-than-expected results to higher average selling prices, strong demand, and the use of lower-cost DRAM inventory. The combination of pricing power and cost management appears to be driving the profit surge.

The remarkable share price recovery suggests investors are betting on sustained momentum in Raspberry Pi's core education and hobbyist markets, where demand for accessible computing platforms continues to grow.