Lantronix Projects Q2 FY2027 Revenue Between $32.5M and $34.5M Amid IoT Growth
Lantronix (LTRX) reported a strong start to fiscal year 2027, with first-quarter revenue increasing over 8% year-over-year to reach $32.4 million. The company's growth was significantly driven by its Embedded IoT Solutions segment, which saw a substantial 37% year-over-year increase in revenue. Looking ahead, management has provided guidance for the second quarter of FY2027, projecting revenues in the range of $32.5 million to $34.5 million. A key strategic focus for the company is its unmanned systems division, which is targeted to account for 15% to 20% of total sales for the full fiscal year 2027.
Tickers: $LTRX
Topics: earnings report IoT solutions revenue growth
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