Lantronix Q4 Revenue Hits $31.2M, Guides to Double-Digit Growth on Drone Push
LTRX sits 68% above its 52-week low of $3.58.
Summary
Lantronix reported Q4 FY2026 revenue of $31.2M, an 8% year-over-year increase, which notably beat expectations due to strong Unmanned Systems growth, alongside non-GAAP EPS of $0.04 versus a GAAP loss of $0.01. For the full fiscal year 2026, revenue was $120.9M, down 1.6% from FY2025, but non-GAAP EPS improved to $0.15 from $0.14. The company guided Q1 FY2027 revenue to $31.0M-$33.0M and non-GAAP EPS to $0.04-$0.06, projecting double-digit revenue growth for the full year. Unmanned systems revenue reached $12.6M in FY2026, above prior guidance, and is expected to be 15-20% of total revenue in FY2027, with over 30 engagements. Strategic capital deployment includes a $32.3M equity offering in June and the Vecima Industrial IoT acquisition, announced in July, adding approximately $5.3M in annual revenue and $4.5M in annual recurring revenue, pushing Software & Services above 10% of total revenue pro forma. With the stock at $6.00 and a $261M market cap, this drone and software mix shift is material, and Q1 FY2027 results are key to confirming the growth trajectory.
At the time of this announcement, LTRX was trading at $6.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $261.4M. The 52-week trading range was $3.58 to $8.75. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.