Tuya (NYSE:TUYA) Announces Earnings Results, Hits Expectations

Tuya (NYSE:TUYA) released its quarterly earnings data on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, FiscalAI reports. The firm had revenue of $80.88 million during the quarter, compared to analysts’ expectations of $80.67 million. Tuya had a return on equity of 5.75% and a net margin of 17.99%.

Here are the key takeaways from Tuya’s conference call:

• Tuya reported Q1 2026 revenue of $80.9 million, up 8.3% year over year, with management saying growth momentum improved sequentially and has now been positive for multiple quarters.
• Profitability improved meaningfully, with GAAP operating margin at 9.2%, non-GAAP operating margin at 10%, and net margin at 19.5%, reflecting better operating efficiency and cost control.
• AI-related revenue continued to outgrow the company overall, with the AI application and others segment up 16.9% year over year as Tuya expanded AI cloud, energy management, voice, and OEM/SDK offerings.
• The company is actively shifting its business mix toward higher-value AI-native products, including smart locks, AI companions, AI toys, and energy solutions, while intentionally phasing out lower-value hardware in the Smart home & robot products segment.
• Management said supply-chain and chipset cost pressures are being managed through strategic inventory purchases and selective pass-through pricing, though some categories may still face margin pressure and demand sensitivity if costs rise further.

Tuya Trading Down 4.3%

NYSE TUYA traded down $0.11 during trading on Tuesday, hitting $2.36. 542,042 shares of the company traded hands, compared to its average volume of 1,491,813. Tuya has a 12 month low of $1.99 and a 12 month high of $2.94. The business has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $2.28. The company has a market capitalization of $1.28 billion, a P/E ratio of 26.17 and a beta of 0.45.

Tuya Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, April 21st. Shareholders of record on Wednesday, March 18th were issued a dividend of $0.0605 per share. The ex-dividend date was Wednesday, March 18th.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a $3.69 price objective on shares of Tuya in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Tuya in a report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.69.

Hedge Funds Weigh In On Tuya

Large investors have recently made changes to their positions in the business. Natixis Advisors LLC acquired a new position in shares of Tuya during the 3rd quarter worth about $246,000. Goldman Sachs Group Inc. lifted its position in shares of Tuya by 75.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after purchasing an additional 157,978 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Tuya by 45.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 816,519 shares of the company’s stock worth $2,474,000 after purchasing an additional 256,418 shares during the last quarter. Institutional investors and hedge funds own 11.47% of the company’s stock.

About Tuya

Tuya Inc is a global Internet of Things (IoT) platform provider that enables brands, OEMs and developers to create smart products and solutions. The company offers a suite of cloud services, connectivity modules and software development kits designed to support the full lifecycle of IoT devices. Tuya’s platform is built to facilitate rapid prototyping, secure device management and scalable data analytics, with an emphasis on interoperable solutions for smart homes, commercial buildings and industrial applications.

At the core of Tuya’s offering is its IoT operating system, which integrates device hardware, network protocols and application-level services into a unified framework.