Tigo Energy's second quarter revenue misses expectations and its FY2026 outlook is lowered due to product delays.

Tigo Energy reported second quarter revenue of $25.4 million, an increase of 5.6% year-over-year but below its own guidance. The company reported GAAP net income of $2.2 million, or $0.03 per share, which was driven by a $3.2 million one-time tax benefit. Consequently, Tigo has lowered its full-year 2026 revenue guidance.

Key Highlights

• Revenue grew 5.6% YoY to $25.4 million, but missed the company's prior guidance due to soft U.S. sales and a slower-than-expected recovery in Europe.
• Reported GAAP net income of $2.2 million, a reversal from a $4.4 million loss in the prior year, primarily due to a $3.2 million discrete income-tax benefit.
• Full-year 2026 revenue guidance was lowered to a range of $100 million to $110 million, citing a partner's product launch delay, a slow ramp of its new battery, and the gradual European recovery.