Lantronix Reports Q4 Earnings with Revenue Growth, Strategic Acquisitions
Lantronix (LTRX) reported fourth-quarter revenue of $31.2 million in fiscal 2026, reflecting an 8% year-over-year increase driven by growth in its Embedded IoT Solutions and Unmanned Systems segments. The company's non-GAAP earnings per share rose to $0.04, a 300% improvement from the prior year quarter. Management attributed strong performance to increased demand for unmanned systems and recovery in federal procurement within the IoT segment. Lantronix also announced strategic acquisitions of Vecima Networks' Industrial IoT business and Nero Global Tracking platform for $11.7 million, which are expected to contribute incremental annual revenue of $5.3 million. The company ended the quarter with a cash balance of $60.5 million after repaying all outstanding debt. Looking ahead, management provided Q1 fiscal 2027 guidance and outlined expectations for unmanned systems to represent 15%–20% of total revenue in fiscal 2027.
Topics: financial_performance revenue_growth unmanned_systems