Tuya (NYSE:TUYA) Announces Earnings Results, Meets Estimates

Tuya (NYSE:TUYA) issued its quarterly earnings data on Monday. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, Zacks reports. Tuya had a net margin of 20.16% and a return on equity of 6.77%. The firm had revenue of $92.93 million during the quarter, compared to analysts’ expectations of $87.83 million.

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

• Revenue growth accelerated to $92.9 million, up 16% year over year, while PaaS revenue increased 16.9% and smart home and robot products revenue rose 23.2%.
• Tuya reported stable operating profitability, with a 10.3% non-GAAP operating margin and $9.6 million in non-GAAP operating profit; liquid assets totaled approximately $976 million.
• The company is expanding its AI platform through AI companion devices, AI energy solutions, and the newly launched Tuya CodeBuilder, which management says can shorten hardware development cycles and broaden its developer ecosystem.
• Management described demand as gradually recovering rather than rebounding immediately, with strong momentum in Europe’s energy-related products, telecom-led opportunities in Southeast Asia and Latin America, and growing AI hardware adoption in China.
• Gross margin was pressured by semiconductor cost increases and business mix, while traditional lighting and IP camera demand remained weak; AI application revenue growth slowed to 3.9% as Tuya reduced lower-margin, project-based B2B work.

Tuya Price Performance

Shares of TUYA opened at $1.77 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.65 and a current ratio of 6.94. The stock has a 50 day simple moving average of $1.78 and a 200 day simple moving average of $2.10. Tuya has a 52-week low of $1.61 and a 52-week high of $2.88. The firm has a market capitalization of $963.65 million, a PE ratio of 16.13 and a beta of 0.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Tuya in a report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Tuya presently has a consensus rating of “Moderate Buy” and an average price target of $3.69.

Institutional Trading of Tuya

Several hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC acquired a new position in shares of Tuya in the third quarter valued at approximately $246,000. Goldman Sachs Group Inc. raised its holdings in shares of Tuya by 75.2% during 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Tuya by 45.8% in 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 valued at $2,474,000 after acquiring an additional 256,418 shares in the last quarter. 11.47% of the stock is currently owned by institutional investors and hedge funds.

About Tuya

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.