The call emphasized steady full-year revenue growth (≈7.8%), meaningful margin expansion (gross margin ~48.2%, non-GAAP operating margin +2.9 pp YoY), record non-GAAP net income (USD 80.1M), a strong cash position (>USD 1.0B), and accelerating AI and developer ecosystem momentum (developer base +37%, recurring services +37%). Management flagged short-term caution from conservative procurement, macro/geopolitical uncertainties, and potential semiconductor supply pressures, but conveyed confidence in the company’s resilience, disciplined cost management, and a clear AI-driven strategy to expand higher-margin recurring revenue over time. Overall, positive operational and financial progress outweigh the near-term headwinds.

Company Guidance

Management’s forward guidance emphasized three strategic priorities—strengthen AI‑native platform capabilities, accelerate deployment and scalable expansion of AI application services across key scenarios, and deepen investment in the developer ecosystem—while maintaining cost discipline and shareholder returns (continued dividends, 1–2x/year). Near‑term actions include launching AI development tools this year, leveraging a net cash position of $1,017M to fund AI and ecosystem expansion, and scaling a developer base that reached 1.8M registered AI+IoT developers (+37% YoY) with ~16,000 AI agents; internally ~40% of front‑end code is now AI‑generated. Management expects demand to rebound in 2026 and to convert existing momentum—FY25 revenue ≈$322M (+7.8% YoY), blended gross margin 48.2% (+0.8ppt), non‑GAAP operating margin 10.5% (+2.9ppt), non‑GAAP net income $80.1M—into faster growth of recurring SaaS (SaaS & others $44.8M, recurring +37% YoY), continued PaaS stability (>$230M, 291 premium customers) and Smart Solutions upside ($45.7M, +8.9% YoY).

Full-Year Revenue Growth

Total revenue for fiscal 2025 was reported at approximately USD 322 million (company also referenced USD 320M), representing year-over-year growth of ~7.8%.

Improved Profitability and Record Non-GAAP Net Income

Full-year non-GAAP net income reached a record USD 80.1 million, up approximately USD 4.7 million year-over-year. Non-GAAP operating margin improved to 10.5% (up 2.9 percentage points YoY) and non-GAAP net margin rose to 24.9%.

Strong Gross Margins and Operating Performance

Blended gross margin for the full year improved to 48.2% (up 0.8 percentage points YoY). Q4 blended gross margin was 47.6%. Net operating cash flow totaled USD 23.5 million in the quarter, marking the 11th consecutive quarter of positive operating cash flow.

Large Cash Position

Tuya ended 2025 with cash and cash equivalents of approximately USD 1,017 million, providing flexibility for AI development, ecosystem expansion, and capital allocation.

Recurring SaaS Growth and PaaS Stability

SaaS and others revenue grew to USD 44.8 million for the year, up 13.4% YoY, with recurring services revenue increasing 37% YoY. PaaS revenue remained a stable core, generating over USD 230 million (up 6.5% YoY) with 291 PaaS premium customers.

Smart Solutions and AI Momentum

Smart Solutions revenue reached USD 45.7 million, up 8.9% YoY. Company highlighted AI-driven demand in new product categories and maintained 20%+ margins in higher-value hardware/solution offerings.

Developer & AI Ecosystem Expansion

Registered AI+IoT developers exceeded 1.8 million, up 37% YoY. Cumulative AI agents on the platform reached ~16,000. Company hosted a global hackathon (300+ developers, ~90% overseas) and rolled out Hey Tuya, an AI-powered smart life assistant.

Operational Efficiency via Internal AI

Tuya reported internal AI productivity gains, including nearly 40% of short-term front-end code being generated by AI systems, shortening R&D cycles and helping control headcount growth.

Strategic Priorities and Clear AI Roadmap

Management articulated three priorities: strengthen AI-native platform capabilities, accelerate scalable deployment of AI application services, and deepen investment in developer ecosystem — indicating a focused long-term strategy.

Tuya (TUYA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TUYA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 26, 2026	2026 (Q1)	0.03 / -	0.03	―	―	―
Mar 02, 2026	2025 (Q4)	0.03 / 0.03	0.04	-25.00% (-0.01)	―
Nov 24, 2025	2025 (Q3)	0.03 / 0.03	0.04	-25.00% (-0.01)
Aug 26, 2025	2025 (Q2)	0.03 / 0.03	0.04	-25.00% (-0.01)
May 20, 2025	2025 (Q1)	0.02 / 0.03	0.02	50.00% (<+0.01)
Feb 26, 2025	2024 (Q4)	0.03 / 0.04	0.02	100.00% (+0.02)	―
Nov 18, 2024	2024 (Q3)	0.03 / 0.04	0.02	100.00% (+0.02)	―
Aug 26, 2024	2024 (Q2)	0.02 / 0.04	0	―	―
May 20, 2024	2024 (Q1)	0.01 / 0.02	-0.01	300.00% (+0.03)	―
Feb 27, 2024	2023 (Q4)	<0.01 / 0.02	-0.01	300.00% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TUYA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 02, 2026	$2.49	$2.50	+0.40%
Nov 24, 2025	$2.14	$2.33	+8.88%
Aug 26, 2025	$2.50	$2.58	+3.11%
May 20, 2025	$2.52	$2.44	-3.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tuya, Inc. (TUYA) report earnings?

Tuya, Inc. (TUYA) is schdueled to report earning on May 26, 2026, After Close (Confirmed).

What is Tuya, Inc. (TUYA) earnings time?

Tuya, Inc. (TUYA) earnings time is at May 26, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is TUYA EPS forecast?

TUYA EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.