Tigo Energy's third quarter 2026 revenue of $24M missed estimates as the company lowered full year guidance

Tigo Energy reported third quarter 2026 revenue of $24.0 million, hitting the bottom of its previous guidance range and missing analyst estimates of $25.3 million. While the top line faced headwinds from a 51.4% decline in U.S. revenue, the company achieved a surprise GAAP net profit and significantly exceeded Adjusted EBITDA expectations through disciplined cost controls and a one-time tariff refund.

Key Highlights

• Revenue declined 21.5% year-over-year to $24.0 million, impacted by the expiration of U.S. tax credits and a 14.8% contraction in EMEA markets.
• Adjusted EBITDA reached $1.5 million, far exceeding the $17 thousand estimate, though this figure was bolstered by a $0.8 million one-time tariff refund.
• Management lowered full-year 2026 revenue guidance to a range of $95 million to $97 million, reflecting a slower recovery in Europe and delays in the U.S. optimized inverter partner launch.
• Inventory levels were reduced by $13.2 million since the start of the year to $18.1 million, strengthening the balance sheet despite the current market softness.