Tuya (NYSE:TUYA) Releases Earnings Results, Hits Expectations

Tuya (NYSE:TUYA) announced its quarterly earnings data on Monday. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03, FiscalAI reports. Tuya had a return on equity of 4.84% and a net margin of 15.14%.The firm had revenue of $84.49 million for the quarter, compared to analyst estimates of $79.53 million.

Here are the key takeaways from Tuya’s conference call:

• Full-year revenue was about $322 million (up ~7.8% YoY) with improved margins (blended gross margin 48.2%, non-GAAP operating margin 10.5%), record non-GAAP net income of $80.1 million, and a cash balance of $1.017 billion after >10 consecutive quarters of positive operating cash flow.
• Management is pushing an AI-native strategy and launched the AI-powered assistant Hey Tuya to integrate agentic AI with existing smart devices and scale AI applications across real-world scenarios.
• The developer ecosystem is expanding quickly — registered AI+IoT developers exceeded 1.8 million (+37% YoY) and the platform hosts ~16,000 AI agents, with internal AI tools already boosting R&D efficiency (about 40% of front-end code generated with AI assistance).
• SaaS and recurring revenue accelerated, with SaaS revenue of $44.8 million (+13.4% YoY) and recurring services growing ~37%, identified as a key higher-growth, higher-margin area.
• Management noted continued near-term demand caution due to conservative customer procurement, dynamic geopolitical/tariff developments and chip supply uncertainty, which has delayed order visibility and could temper near-term growth timing.

Tuya Stock Performance

Shares of NYSE:TUYA opened at $2.49 on Tuesday. The stock has a 50-day simple moving average of $2.21 and a 200-day simple moving average of $2.32. Tuya has a 1 year low of $1.87 and a 1 year high of $4.17. The stock has a market capitalization of $1.35 billion, a P/E ratio of 31.13 and a beta of 0.41.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC acquired a new position in Tuya in the third quarter worth approximately $246,000. Goldman Sachs Group Inc. increased its position in shares of Tuya by 75.2% in the first quarter. Goldman Sachs Group Inc. now owns 368,011 shares of the company’s stock worth $1,115,000 after acquiring an additional 157,978 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Tuya by 45.8% during the 1st 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 acquiring an additional 256,418 shares during the period. 11.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $3.61 price objective on shares of Tuya in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Tuya has a consensus rating of “Moderate Buy” and an average target price of $3.61.

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.