Tigo Energy swings to Q3 net income of $361,000 as revenue falls 22% to $24.04 million
TYGO•Tigo Energy reported third-quarter GAAP net income of $361,000 as revenue fell 22% year over year to $24.04 million. It forecast fourth-quarter revenue of $20 million–$22 million and updated its 2026 outlook to $95 million–$97 million.
1. Quarterly results
Tigo Energy swung to third-quarter 2026 GAAP net income of $361,000, while revenue fell 22% year over year to $24.04 million. Gross margin rose to 46.2% from 42.7%, including an $800,000 tariff refund related to prior periods.
2. Sales and outlook
GO ESS revenue dropped 59% year over year to $1.3 million due to lower sales volumes in the United States and Italy. The U.S. optimized inverter partner's launch shifted to the fourth quarter, a delay management warned may affect future order timing. Tigo forecast fourth-quarter revenue of $20 million–$22 million and updated its full-year 2026 outlook to $95 million–$97 million.
