Tigo Energy Reports Q3 2026 Revenue Decline Amid U.S. Market Adjustments
Tigo Energy (TYGO) reported third-quarter 2026 revenue of $24.0 million, a 21.5% decrease compared to the same period in 2025. The decline was primarily driven by a 51.4% drop in U.S. revenue following the expiration of the IRS Section 25D tax credit and lower sales volumes for GO ESS products in the United States and Italy. Despite these headwinds, the company saw significant growth in the APAC region (up 56.3%) and strong performance in Spain and Poland. While GAAP net income turned positive at $0.4 million, management issued cautious guidance for the remainder of the year. Full-year 2026 revenue guidance was lowered to a range of $95 million to $97 million. The company is currently managing market volatility in Europe and timing shifts regarding an optimized inverter partner launch in the U.S., which has delayed certain expected orders.
Topics: EBITDA beat regional growth revenue decline tax credit impact
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