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Tuya Reports Q1 Revenue of $80.9M
Reports Q1 revenue $80.9M, one estimate $80.7M. Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya, commented, "In the first quarter, despite ongoing external uncertainties and certain regional disruptions, we continued to demonstrate solid growth momentum and strong execution capabilities. Since the fourth quarter, we have benefited from a continued recovery in downstream demand, supporting the ongoing expansion of our business scale. Total revenue increased by 8.3% year over year, with the growth rate further improving from the previous quarter, and we maintained positive growth for multiple consecutive quarters. Our gross margin remained at a healthy level, underscoring the continued enhancement of our product value proposition and platform competitiveness. Strategically, we continue to pursue AI-driven development, harnessing AI capabilities to accelerate the deployment of application-level solutions and scenario-based products, with implementation across multiple scenarios. We continued to iterate our developer tools and platform capabilities, enabling global developers to access and apply the most advanced AI technologies at lower cost and with greater efficiency. This is reflected in the continued growth of our AI-related business revenue, highlighting our steady progress in commercialization and accelerated deployment. Meanwhile, demand for AI-native applications in consumer scenarios continued to rise, driving the scaled application of Physical AI in real-life settings. At the same time, we are expanding the global rollout of validated solutions and further strengthening our developer ecosystem, working with industry partners to jointly explore the long-term opportunities in the AI application market. Looking ahead, supported by our resilient business model and solid financial foundation, we remain focused on AI application innovation, global solution expansion and developer ecosystem development, continuously enhancing our long-term value creation capabilities."
Tuya Unveils First AI Pet Companion Robot Aura at CES 2026
Tuya officially unveiled Aura, its first AI-powered pet companion robot, at CES 2026.
Tuya Smart Partners with Robopoet to Develop World's First AI Companion
Tuya Smart announces a strategic partnership with Robopoet to develop the world's first AI companion powered by cellular connectivity. This milestone marks a fundamental shift in AI emotional companionship from fixed indoor scenarios to fully mobile, always-connected experiences.
Tuya Launches AI Life Assistant Hey Tuya
Tuya announced the launch of Hey Tuya, an AI life assistant designed to integrate artificial intelligence into daily life. The company said, "Hey Tuya will feature short-term and long-term memory, designed to learn and adapt to users' routines, environmental preferences, and habits. Over time, it will evolve beyond reactive commands to anticipate needs and offer proactive recommendations. As it learns your habits, Hey Tuya will possibly suggest turning on the air conditioner 30 minutes before you arrive home, preheating the water heater and opening bedroom curtains ahead of your 7 a.m. wake-up, or dimming lights and activating a humidifier as you wind down for sleep. This continuous learning process will make interactions feel more intuitive, seamless, and efficient."
Tuya announces Q3 earnings per share of 3 cents, down from 4 cents a year ago.
Reports Q3 revenue $82.5M vs. $81.6M last year. Platform-as-a-service revenue was $59.2 million, up approximately 2.4% year-over-year. Software-as-a-service and others revenue was $11.5 million, up approximately 15.4% year-over-year. Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya, commented, "Amid ongoing global trade uncertainties, Tuya delivered another quarter of strong execution and resilient performance. We achieved our ninth consecutive quarter of year-over-year revenue growth, driven by steady demand for our core PaaS and SaaS offerings and the continued enhancement of our product portfolio. Looking ahead, we remain focused on deepening our relationships with core customers, strengthening our global presence, and advancing product innovation, particularly in AI-driven software and developer services. Through disciplined operations and sustained investment in key technologies, we aim to further enhance the value we create for customers, partners, and shareholders."
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