Tigo Energy Q1 revenue rises 34% but misses estimates

Tigo Energy

05/05/2026 21:56

Overview

Solar hardware provider's Q1 revenue rose 34% yr/yr but missed analyst expectations

Q1 adjusted EBITDA loss narrowed yr/yr but missed analyst expectations

Company cites strong EMEA and Americas demand, but Americas saw sequential decline after tax credit pull-forward

Outlook

Tigo Energy sees Q2 2026 revenue between $30 mln and $32 mln

Company expects Q2 2026 adjusted EBITDA of $1 mln to $3 mln

Tigo Energy maintains full-year 2026 revenue outlook of $130 mln to $135 mln

Result Drivers

EMEA GROWTH - Company saw seasonally stronger year-over-year performance from several countries in the EMEA region, which comprised 69.5% of Q1 revenue

AMERICAS TAX CREDIT IMPACT - Americas region revenue was higher year-over-year but lower sequentially as buyers accelerated purchases late last year ahead of the expiration of residential clean energy tax credits

Company press release: ID:nBwhgK1ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$25.20 mln
$25.76 mln (4 Analysts)
Q1 Net Loss
$1.80 mln
Q1 Adjusted EBITDA
Miss
-$500,000
-$40,250 (4 Analysts)
Q1 Gross Profit
$10.80 mln
Q1 Operating Expenses
$13.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Tigo Energy Inc is $5.75, about 23.4% above its May 4 closing price of $4.66

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)