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.
Founder and CEO Jerry Wang said the company delivered “solid growth momentum and a strong execution capability” despite external uncertainties and regional disruptions. Total revenue rose 8.3% year over year to approximately $80.9 million, with management citing a continued recovery in downstream demand and positive growth for multiple consecutive quarters.
