Earnings ·
Tuya Inc. reported unaudited financial results for the second quarter ended June 30, 2026, showing total revenue of…
TUYATuya Inc.
Tuya Inc. reported unaudited financial results for the second quarter ended June 30, 2026, showing total revenue of US$92.9 million, a 16.0% year-over-year increase driven by Platform-as-a-service (PaaS) revenue growth of 16.9% to US$67.9 million. Net profit rose 48.0% to US$18.6 million, with operating margin expanding significantly to 10.0%. The company holds approximately US$976.1 million in cash and investments as of June 30, 2026. Tuya Inc. operates as a global AI cloud platform service provider enabling smart device development.