Tuya reports $92.9 million revenue for Q2 2026, up 16% year-over-year, as it targets higher AI application margins.
Tuya Inc. (TUYA) announced a 16% year-over-year revenue increase to $92.9 million for Q2 2026, citing strong demand despite a complex global environment. The company outlined a gross margin target of 75%-80% for its AI applications segment as it advances shipments of CoBuilder and AI companion products.
The revenue growth aligns with prior performance trends, though the margin target reflects a strategic shift toward higher-margin AI-driven offerings. Comparable periods showed steady expansion in core segments, but the focus on AI applications marks a new phase for the company.
Management highlighted ongoing investments in AI infrastructure to support long-term profitability, though no immediate market reaction was disclosed in the earnings call insights.