Tigo Energy, Inc. TYGO Q2 2026 earnings

“Second-quarter revenue grew 5.6% year over year to $25.4 million but came in below our guidance. While results were below our expectations, the variance was largely driven by external timing factors and current market conditions. U.S. sales remained soft following the expiration of the residential clean-energy tax credit, and our U.S. optimized inverter partner encountered operational delays that will shift the go-to-market launch for our Section 45X and ITC qualified optimized inverter solution, with volume shipments now expected to begin ramping in the fourth quarter. While this timing shift will delay the near-term contribution, the FCC's recent decision to restrict future authorizations of foreign-produced power inverters only strengthens the longer-term strategic rationale for our U.S. manufacturing strategy and positions us to benefit from future demand for domestically produced solar products. In Europe, the market recovery also continued at a more measured pace than anticipated. We remain focused on advancing our product initiatives and expanding partner relationships to capitalize on our broad international opportunities and drive more consistent growth.”