Tuya (NYSE:TUYA) Posts Quarterly Earnings Results, Meets Expectations

Tuya (NYSE:TUYA) issued its quarterly 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 return on equity of 5.75% and a net margin of 17.99%.The business had revenue of $80.88 million for 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 Trading Down 4.3%

Shares of TUYA stock traded down $0.11 during trading on Tuesday, hitting $2.36. The company’s stock had a trading volume of 484,873 shares, compared to its average volume of 1,491,554. Tuya has a 52 week low of $1.99 and a 52 week high of $2.94. The company has a market cap of $1.28 billion, a PE ratio of 26.17 and a beta of 0.45. The business has a fifty day moving average of $2.40 and a 200-day moving average of $2.28.

Tuya Dividend Announcement

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

Institutional Trading of Tuya

Several large investors have recently modified their holdings of TUYA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Tuya by 45.8% in the first 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. Goldman Sachs Group Inc. boosted its position in Tuya by 75.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock valued at $1,115,000 after acquiring an additional 157,978 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in Tuya during the 3rd quarter valued at approximately $246,000. 11.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Tuya Company Profile

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.