Tuya is rated bullish with a $3.26 target, implying 31% upside, driven by accelerating AIoT adoption and a strong cash position. TUYA's high single-digit revenue growth, expanding EBIT margin (9.2% vs. -2% YoY), and SaaS segment outperformance support the investment thesis. Gross margin pressure from semiconductor supply chain volatility is viewed as transitory, with SaaS growth expected to offset future hardware cyclicality.
Tuya NYSE: TUYA reported higher first-quarter 2026 revenue and improved profitability as management said demand continued to recover and the company's artificial intelligence-related businesses gained traction across software, hardware and developer tools.
Tuya Inc. (TUYA) Q1 2026 Earnings Call Transcript
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 207,430 | $431,454.4 | $373,374 | -$58,080.4 | -13.46% |
Joseph Castro Nuveen LLC | 4.89M | $11.73M | $8.82M | -$2.9M | -24.75% |
| TK Taro Kuriyama Axq Capita LLP | 35,762 | $82,610 | $64,192.79 | -$18,417.21 | -22.29% |
| HFT Hui Fai Tam Caitong International Asset Management Co. Ltd. | 14,549 | $32,545.55 | $25,678.98 | -$6,866.57 | -21.1% |
Mathieu Cornu Pictet Asset Management Holding SA | 140,183 | $257,119.77 | $248,123.91 | -$8,995.86 | -3.5% |
| Transportation Infrastructure Industry | Industrials Sector | Xueji Wang CEO | NYSE Exchange | 90114C107 CUSIP |
| CN Country | 1,435 Employees | 21 Apr 2026 Last Dividend | - Last Split | 18 Mar 2021 IPO Date |
Tuya Inc., established in 2014 and headquartered in Hangzhou, the People's Republic of China, is a prominent provider of Internet of Things (IoT) cloud development platforms, both within China and on a global scale. The company specializes in offering robust platform-as-a-service (PaaS) solutions aimed at enabling brands, original equipment manufacturers (OEMs), and developers to swiftly develop, launch, manage, and monetize software-enabled smart devices and services. Tuya Inc. has extended its offerings to industry-specific software-as-a-service (SaaS), facilitating businesses in various sectors to deploy, connect, and effectively manage diverse arrays of smart devices. Catering to multiple industries including smart home, healthcare, education, agriculture, outdoors and sport, and entertainment, Tuya strives to simplify the IoT integration process for businesses and developers, aiming to enhance overall user experiences in the IoT domain.