Tuya (NYSE:TUYA) Posts Quarterly Earnings Results, Hits Estimates

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

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 Price Performance

Shares of TUYA stock traded down $0.11 during trading hours on Tuesday, reaching $2.36. The stock had a trading volume of 484,873 shares, compared to its average volume of 1,491,554. Tuya has a twelve month low of $1.99 and a twelve month high of $2.94. The firm has a 50-day simple moving average of $2.40 and a 200-day simple moving average of $2.28. The firm has a market capitalization of $1.28 billion, a PE ratio of 26.17 and a beta of 0.45.

Tuya Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, April 21st. Investors of record on Wednesday, March 18th were issued a $0.0605 dividend. The ex-dividend date of this dividend was Wednesday, March 18th.

Hedge Funds Weigh In On Tuya

A number of institutional investors and hedge funds have recently bought and sold shares of TUYA. Goldman Sachs Group Inc. grew its position in Tuya by 75.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock valued at $1,115,000 after buying an additional 157,978 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 valued at $2,474,000 after purchasing an additional 256,418 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new position in shares of Tuya in the third quarter worth about $246,000. Institutional investors own 11.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TUYA shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tuya in a research note on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $3.69 target price on shares of Tuya in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.69.

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.