Tuya Inc. (TUYA) Form 6-K — Aug 24, 2026
Tuya reported second quarter 2026 revenue of US$92.9 million, up 16.0% year over year, with net profit rising 48% to US$18.6 million and operating margin improving to 10.0% from 1.4% a year earlier. PaaS revenue of US$67.9 million (+16.9% YoY) remained the primary growth driver and smart home & robot product revenue grew 23.2% to US$13.5 million, though overall gross margin slipped to 46.3% from 48.4% on product mix and semiconductor supply-chain pricing.
Key figures
- Eps
- US$0.03 per ADS (Q2 2026); US$0.06 per ADS (H1 2026)
- Revenue
- US$92.9 million (Q2 2026); US$173.8 million (H1 2026)
- Net Income
- US$18.6 million (Q2 2026, +48.0% YoY); US$34.4 million (H1 2026, +45.8% YoY)
- Revenue Yoy
- +16.0% YoY (Q2); +12.3% YoY (H1)
- Total Assets
- US$1,165.6 million as of June 30, 2026
- Cash Position
- US$976.1 million in cash, cash equivalents, time deposits and treasury securities as of June 30, 2026
- Dbner Paa S
- 100% for the trailing 12 months ended June 30, 2026
- Employees
- 1453
- Total Debt
- nil — no interest-bearing bank or other borrowings as of June 30, 2026
- Gross Margin Q2
- 46.3% vs 48.4% in 2Q2025
- Paas Revenue Q2
- US$67.9 million, +16.9% YoY
- Interim Dividend
- none declared for H1 2026
- Capex Commitments
- US$43.6 million, primarily office building construction
- Operating Cash Flow
- US$6.2 million (Q2) vs US$18.2 million (2Q2025); US$12.6 million (H1) vs US$27.5 million (H1 2025)
- Operating Margin Q2
- 10.0%, up 8.6pp YoY
- Non Gaap Net Profit Q2
- US$18.9 million vs US$20.1 million in 2Q2025
- Dividend Paid April2026
- US$37 million (US$0.0605 per ordinary share/ADS), approved March 2, 2026
- Registered Ai Developers
- over 2,092,000 as of June 30, 2026, up 16.2% from over 1,801,000 at December 31, 2025
- Treasury Securities Mandate
- up to US$400 million approved; approximately US$15.2 million outstanding; none acquired during the period
- Smart Home And Robot Revenue Q2
- US$13.5 million, +23.2% YoY
- Ai Application And Others Revenue Q2
- US$11.5 million, +3.9% YoY
- Premium Paa SCustomers Trailing12 M
- 318
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