Lantronix Reports Strong Fiscal 2026 Results with Revenue Growth and Unmanned Systems Expansion
Lantronix (NASDAQ:LTRX) reported strong fiscal fourth-quarter results in August 2026, with revenue rising 8% year-over-year to $31.2 million. Non-GAAP earnings per share increased by 300% to $0.04, and the GAAP net loss narrowed significantly compared to the prior-year quarter. The company ended fiscal 2026 debt-free with over $60 million in cash. Unmanned systems emerged as a key growth driver for Lantronix, generating $12.6 million in revenue during the year and expanding from around 10 engagements at the start of the fiscal period to more than 30 by year-end. Management expects unmanned systems to represent 15% to 20% of total revenue in fiscal 2027 due to demand for compliant domestic drone technology, particularly following U.S. regulatory actions restricting foreign-made drones. Lantronix also acquired Vecima Industrial IoT's Nero tracking platform and forecasted first-quarter fiscal 2027 revenue between $31 million and $33 million with double-digit annual growth expected.
Topics: acquisition financial_results revenue_growth unmanned_systems