Tuya Inc.

Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc.'s second quarter 2026 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be question and answer session. Please be informed that today's conference is being recorded. And now turn the call over to your first speaker today, Ms. Regina Wang, Investor Relations Associate Director of Tuya. Please go ahead.

Thank you, operator. Hello, everyone. Welcome to our second quarter 2026 earnings conference call. Joining us today is our founder and CEO, Mr. Jerry Wang, and our co-founder and CFO, Mr. Alex Yang. Our results and webcast of the conference call are available at ir.tuya.com. A replay of this call will also be available on our IR website in a few hours. Before we continue, I'd like to refer you to our Steve Hubbard statement in our earning press release, which applies to this call as we will make forward-looking statements. With that, I will now turn the call over to our founder and CEO, Mr. Jerry Wang. Jerry, please.

Hello everyone and thank you for joining Tuya's earnings conference call for the second quarter of 2026. When Tuya maintained solid growth momentum during the quarter despite the continued complexity of the global operating environment, our total revenue reached 92.9 million USD a year over a year increase of 16%, with growth accelerating from the first quarter. Within this, Revenue from our core path business increased 16.9% year-over-year. These results reflected ongoing rising smart product penetration, including steady demand across home appliances. Increased adoption of differentiated solutions, such as smart door locks, and growing demand for emerging AI-enabled product categories, and also underscored the resilience of our platform business across different regions and product categories. In terms of strategic execution, we continue to advance our AI-driven development strategy, extending our AI capabilities beyond foundation models and standalone features towards platformization, productization, and scenario-based deployment. In the second quarter, shipment volumes of AI companion product solutions continued to expand, and consumer acceptance of new forms of AI hardware began to be validated. Meanwhile, we launched the 3i Compute, which applies one coding to AI hardware development, enabling developers to cover the core development process, from project concept to physical device validation, using natural language, further shortening AI hardware development techniques. This development further reinforced AI's evolution from a mere conversational tool into a technology that operates in real physical environments and participates in sensing, understanding, and execution Looking ahead, we will deepen our focus on the following three key areas. First, we will continue to advance AI's native application and product innovation, centering on high-potential scenarios such as AI homes, AI energy, and AI robots. We will drive the large-scale adoption of AI across a broader range of physical devices. We will continue to enhance AI development tools such as live coding, agent orchestration, and cloud-edge device collaboration, further shortening the cycle from ideation and development to deployment on physical devices or AI hardware. Third, we will advance the global expansion of proven solutions while further strengthening our developing ecosystem. And industry partnership to jointly explore Long-term opportunities in the AI application market. Now, let me send the call over to our co-founder and CFO Alex Yang who will share more details about our financial performance and business progress.