A sharp profit upgrade from Raspberry Pi (LSE:RPI) dominated the small-cap tech space, with the single-board computer maker lifting its full-year EBITDA guidance well above market expectations after a materially stronger first half. Meanwhile, Defence Holdings (LSE:LSE:VSVS) secured a Ministry of Defence testing contract, adding a modest but strategically notable win to its order book.
Raspberry Pi lifts FY2026 EBITDA guidance well above consensus
Raspberry Pi (LON:RPI) upgraded its full-year outlook after reporting that first-half FY2026 profitability came in materially ahead of the same period a year earlier. The board now expects FY2026 adjusted EBITDA to be significantly ahead of current market expectations, a guidance step-up that sent the shares surging 24.71% to 1,027p.
The upgrade marks a notable inflection for the Cambridge-based company, which has been expanding its addressable market beyond hobbyist computing into industrial and embedded applications. The scale of the guidance beat relative to consensus suggests the H1 outperformance was broad-based rather than driven by a one-off item.
Defence Holdings wins MoD integrated intelligence trial contract
Defence Holdings secured a proposed three-month contract with the Ministry of Defence to trial an integrated intelligence and decision-support capability, with the engagement expected to be worth approximately £226,000. No stock price data was available for the company at the time of publication.
While modest in value, the contract provides Defence Holdings with a direct proving ground inside the MoD's procurement pipeline, a foothold that could support larger follow-on work if the trial delivers. The decision-support capability under evaluation aligns with the UK defence establishment's stated priority of enhancing data-driven operational intelligence.
