Timothy Zhao

Kai Xiao

Yang Liu

John Marc Roy

Kai Zao

Matt Ma

Tom Tang

- Tuya Inc. reported **Q2 2025 revenue** of approximately **US80.1 million dollars**, representing a **9.3% year-over-year increase**.  **[1829118_tx_348651_0]** **[1829118_tx_348651_1]** 
- The company maintained strong profitability, with a **blended gross margin of 48.4%** and a **non-GAAP operating margin of nearly 11%** in Q2 2025.  **[1829118_tx_348651_1]** 
- Key business segments showed growth, with **Smart Solutions revenue up 16.7%** and **SaaS and others revenue up 15.6%** year-over-year in Q2 2025.  **[1829118_tx_348651_1]** 
- Tuya continues to integrate AI, with **93% of its shipped product categories equipped with AI capabilities** as of June 13, 2025, and its board approved a cash dividend totaling approximately **US33 million dollars**.  **[1829118_tx_348651_2]** **[1829118_tx_348651_3]** 
- Management noted ongoing **global trade uncertainties and tariff policies** impacting the consumer electronics industry, leading to a **conservative outlook** for Q3 and the remainder of 2025.  **[1829118_tx_348651_0]** **[1829118_tx_348651_4]**

Tuya (TUYA)