Operations
Q1 2026Key Earnings Driver
AI Application & Others AI application & others revenue increased 16.9% year over year to $11.6 million in Q1, primarily driven by higher cloud based services revenue. The company stated that it remained committed to offering recurring value-added services with AI application functions during the quarter. PaaS revenue increased 9.8% to $59.0M. Smart Home & Robot Products revenue declined 6.9% to $10.2 million as management proactively phased out relatively low-value hardware products.
Key Operating Metrics¹
METRIC
STATUS
PaaS↑ 9.8%
AI application & others↑ 16.9%
🟢 Scaling
Smart Home & Robot Products↓ 6.9%
🟠 Transition phase
Key Financial Metrics
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Tuya website and/or SEC filings for Q1, with status based on reported data.