Lantronix Reports Fiscal First-Quarter 2027 Financial Results
Key Highlights
- ➤Net revenue $32.4 million, up over 8% year-over-year
- ➤Embedded IoT Solutions revenue increased 37% year-over-year
- ➤Non-GAAP net income $2.2 million, up 50%, or $0.05 per share
- ➤Q2 revenue guidance $32.5 million to $34.5 million
- ➤Lantronix reaffirmed expectation for double-digit fiscal 2027 revenue growth
Expert Statements
Saleel Awsare, President and CEO of Lantronix
“We entered fiscal 2027 from a position of strength, delivering 8% year-over-year revenue growth, non-GAAP gross margins above 45%, and a 50% increase in year-over-year non-GAAP net income”
Saleel Awsare, President and CEO of Lantronix
“Our Embedded IoT Solutions revenue grew 37% year-over-year, driven by continued momentum across unmanned systems. Importantly, we're translating that success into opportunities beyond drones and defense. Recent design wins in advanced surveying and smart security monitoring for jobsite safety demonstrate how we're leveraging our edge computing and computer vision expertise across a broader range of commercial and industrial applications.”
Saleel Awsare, President and CEO of Lantronix
“The strategic tuck-in acquisition of Nero Global Tracking has expanded our pro forma software and services mix above 10% of total revenue, supporting our strategy of building a more predictable, higher-margin revenue base. We are also seeing growing interest in our out-of-band management solutions from customers deploying AI and data center infrastructure. Together, these developments reinforce our confidence in delivering double-digit revenue growth in fiscal 2027.”
* Net Revenue Increased over 8% Year-over-Year to $32.4 Million * Embedded IoT Solutions Revenue Increased 37% Year-over-Year * GAAP Net Loss Improved to $463 Thousand, or ($0.01) per Share * Non-GAAP Net Income Increased 50% to $2.2 Million, or $0.05 per Share * Company Reaffirms Expectation for Double-Digit Revenue Growth in Fiscal 2027 IRVINE, Calif., Nov. 09, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge Intelligence and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today reported results for the fiscal first quarter ended September 30, 2026.
Management Commentary “We entered fiscal 2027 from a position of strength, delivering 8% year-over-year revenue growth, non-GAAP gross margins above 45%, and a 50% increase in year-over-year non-GAAP net income,” said Saleel Awsare, president and CEO of Lantronix. “Our Embedded IoT Solutions revenue grew 37% year-over-year, driven by continued momentum across unmanned systems. Importantly, we're translating that success into opportunities beyond drones and defense. Recent design wins in advanced surveying and smart security monitoring for jobsite safety demonstrate how we're leveraging our edge computing and computer vision expertise across a broader range of commercial and industrial applications.
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