Raspberry Pi Holdings PLC (LSE:RPI) delivers its maiden full-year results as a listed company on Wednesday, 2 April.

In its last update, in January, the UK DIY-computing outfit said it was expecting demand to “build gradually” through the coming year with its market described as “challenging” currently but the medium-term outlook felt to be “extremely positive”.

The company reported it had shipped 7 million units of its single-board computers and compute modules in 2024 and expects to report underlying profit (adjusted EBITDA) of at least $36 million.

Raspberry Pi had $45 million of cash at the end of December.

Ahead of the results, analysts at Jefferies tempered near-term expectations while flagging potential upside from edge AI – eventually.

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Analysts said they felt lower unit volumes are hitting 2024 and 2025 numbers, but the long-term story – involving “edge AI” and DeepSeek’s low-cost inferencing models – is still intact.

The earnings outlook for 2025 will be in focus, and Jefferies is forecasting sales of $291 million and adjusted EBITDA of $42.4 million off the back of continued destocking, which they think makes 2025 more of a “transition year”.