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Tigo Energy — Third Quarter 2026 Earnings Summary

  • Q3 2026 revenue declined 21.5% year-over-year to $24.0 million, though GAAP net income turned positive at $0.4 million versus a $2.2 million loss in Q3 2025, driven by a $0.8 million tariff refund and a 10.0% reduction in operating expenses.
  • Full-year 2026 revenue guidance was raised to $95 million–$97 million, with Q4 2026 revenue expected between $20 million and $22 million and an adjusted EBITDA loss projected between $(3.0) million and $(1.5) million.
  • Management plans to invest in Eastern Europe and Australia in 2027 to expand market share, while anticipating a gradual European market recovery and U.S. optimized inverter partner revenues exceeding Q3 levels in Q4.
  • Strategic balance sheet adjustments included a $13.2 million inventory reduction and a $16.8 million cash balance, offset by $2.5 million in long-term debt, while the U.S. market continues to adjust to the expiration of the IRS Section 25D tax credit.
Company
TIGO ENERGY INC
Sector
Technology
Industry
Solar