Tigo Energy Q2 revenue misses estimates on US market weakness

Tigo Energy

04/08/2026 21:40

Overview
US solar solutions provider's Q2 revenue rose 5.6% yr/yr but missed analyst expectations
Adjusted EBITDA for Q2 missed analyst expectations, reflecting a softer revenue mix and delays
Company cites soft US sales and delayed product launches as reasons for revenue shortfall

Outlook
Tigo Energy sees Q3 revenue between $24 mln and $26 mln
Company expects Q3 adjusted EBITDA (loss) between $(1) mln and $0.5 mln
Tigo Energy revises full-year 2026 revenue outlook to $100 mln-$110 mln

Result Drivers
US MARKET WEAKNESS - Co said US sales remained soft after expiration of residential clean-energy tax credit and partner delays pushed back a key product launch
SLOWER EUROPEAN RECOVERY - Co said European market recovery continued at a more measured pace than anticipated, though Germany and Italy grew yr/yr
SOFTER REVENUE MIX - Co said gross margin and adjusted EBITDA reflected a softer revenue mix in the quarter

Company press release: ID:nBw3NMY8ba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$25.40 mln
$30.82 mln (4 Analysts)
Q2 Net Income
 
$2.20 mln
 
Q2 Adjusted EBITDA
Miss
$52,000
$1.65 mln (4 Analysts)
Q2 Gross Profit
 
$10 mln
 
Q2 Operating Expenses
 
$11.70 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 $6.70, about 243.6% above its August 3 closing price of $1.95
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 71 three months ago

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Aug 4 - Israel's Enlight Renewable Energy Q2 net income rises

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.)