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Tigo Energy (TYGO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Tigo Energy (TYGO) Q3 2026 earnings results →
Q3 2026 Revenue down 22% year over year to $24.0M · 2¢ of every $1 of revenue kept as net profit · operating margin -0.3%
Tigo Energy made $24.0M in Q3 2026 (-22% Y/Y). Operating margin -0.3%, net earnings $361K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $24.0M in Q3 2026, down 21% year over year and down 5% from the previous quarter.
Gross margin was 46.2%, up 3.5 points from Q3 2025. Operating costs exceeded revenue by $77K, an operating margin of -0.3%. Operating expenses fell 10% while revenue fell 21%. Net earnings were $361K. The tax line was a benefit of $306K on pre-tax earnings of $55K. Non-operating items added $132K, 240% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.0M (up 39% year over year), 552% of net earnings. Non-cash charges added back $353K of depreciation and amortization and $1.2M of share-based compensation. Capital expenditures of $100K left free cash flow of $1.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $24.0M | -22% | -0.3% | $361K | $2.0M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $25.4M | +6% | -6.6% | $2.2M | −$1.0M |
| Q1 2026 | 10-Q | May 5, 2026 | $25.2M | +34% | -9.6% | −$1.8M | −$9.3M |
| Q4 2025 | 10-K | Mar 19, 2026 | $103.5B | 5,989× | 0.0% | $11.7M | $1.6M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $30.6M | +115% | 2.1% | −$2.2M | $1.4M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $24.1M | +89% | -6.3% | −$4.4M | $7.8M |
| Q1 2025 | 10-Q | May 6, 2025 | $18.8M | +92% | -21.1% | −$7.0M | −$530K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Tigo Energy
Founded in 2007, Tigo is a worldwide leader in the development and manufacture of smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Tigo combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Tigo MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The Company also develops and manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. For more information, please visit www.tigoenergy.com .
In its own words, from its 8-K, filed Aug 4, 2026.
Tigo Energy against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -22% against the peers' median +40%. Operating margin: -0.3% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| TYGO Tigo Energy | Q3 2026 | $24.0M | -22% | -0.3% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Tigo Energy 10-Q on SEC EDGAR · CIK 1855447 · Semiconductors & Related Devices
Guidance and outlook
13F: who owns TYGO and who is buying
More on TYGO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results