Lantronix Reports Q1 Fiscal 2027 Revenue Growth Driven by IoT and Software Expansion
Lantronix (LTRX) reported a strong first quarter for fiscal 2027, with revenue increasing 8% year-over-year to $32.4 million. The growth was primarily driven by a 37% surge in Embedded IoT Solutions, fueled by high demand for embedded edge computing and autonomous systems hardware. The company is successfully transitioning its business model toward higher-margin recurring revenue following the acquisition of Nero Global Tracking. Software and services now account for over 10% of pro forma revenue. Additionally, Lantronix has strategically increased its inventory to $31 million to mitigate potential supply chain disruptions in memory components caused by AI data center demand.
Tickers: $LTRX
Topics: Autonomous Systems Embedded IoT Solutions Q1 Fiscal 2027 Earnings Software and Services Revenue
Read the full article at Motley Fool
Part of the story Electromed Reports Q1 2027 Growth Driven by Home Care Expansion (7 articles)