Lantronix Inc.
08/26/2026 | Press release | Distributed by Public on 08/26/2026 14:10
Lantronix Reports Fiscal Fourth-Quarter and Full-Year 2026 Financial Results (Form 8-K)
Lantronix Reports Fiscal Fourth-Quarter and Full-Year 2026 Financial Results
| · | Fourth-Quarter Revenue Increased 8% Year- Over- Year to $31.2 Million | |
| · | GAAP EPS of ($0.01) | |
| · | Non-GAAP EPS of $0.04 | |
| · | Fiscal 2026 Unmanned Systems Revenue of $12.6 Million, Above the Midpoint of the Prior Guidance Range | |
| · | $60 Million in Cash and No Debt at Year-End | |
| · | Company Expects Double-Digit Revenue Growth in Fiscal 2027 |
IRVINE, Calif., Aug. 26, 2026 - Lantronix Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today reported results for the fiscal fourth quarter and full year ended June 30, 2026.
Management Commentary
"Fiscal 2026 was a year of measurable progress for Lantronix," said Saleel Awsare, president and CEO of Lantronix. "We returned the core business to growth, significantly strengthened our balance sheet, and closed the year with our fifth consecutive quarter of sequential revenue growth. We also established unmanned systems as a meaningful growth engine, expanded recurring revenue, and continued transforming Lantronix from a broad-based hardware provider into a more focused, higher-margin solutions platform.
"Today, we are seeing strong momentum across our three strategic focus areas: unmanned systems, critical infrastructure, and enterprise networking. Unmanned systems grew from a minimal contribution a year ago to $12.6 million in fiscal 2026 revenue, and we expect the business to represent 15% to 20% of total revenue in fiscal 2027. As we move further up the technology stack and expand our role across the broader autonomy ecosystem, we believe Lantronix is becoming the go-to edge compute company for unmanned systems. At the same time, our IoT Systems business is reaccelerating, and the Nero Global Tracking acquisition is expanding ARR while moving Software & Services above 10% of total revenue on a pro forma basis. We enter fiscal 2027 in the strongest financial position in our company's history, with multiple engines of profitable growth and confidence in our ability to deliver double-digit revenue growth in the year ahead."
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Q4 FY2026 Financial Results
| · | Net Revenue: $31.2 million | |
| · | GAAP EPS: ($0.01) | |
| · | Non-GAAP EPS: $0.04 |
FY2026 Financial Results
| · | Net Revenue: $120.9 million | |
| · | GAAP EPS: ($0.10) | |
| · | Non-GAAP EPS: $0.15 |
Q4 FY2026 and Recent Business Highlights
| · | Unmanned Systems Momentum |
| ○ | Generated $12.6 million in fiscal 2026 drone unmanned systems revenue, above the midpoint of the Company's previously communicated $10 million to $14 million outlook, compared with a minimal contribution in fiscal 2025. | |
| ○ | Expanded active unmanned systems engagements to more than 30 at year-end from approximately 10 at the beginning of FY 2026. | |
| ○ | Collaboration with Swarmer, Inc. (Nasdaq: SWMR) to develop a custom compute platform based on Lantronix's system-on-module technology, providing more than four times the onboard AI processing power to support combat-proven autonomy software across Group 1 unmanned aerial systems for Ukraine, the United States and allied defense programs. | |
| ○ | Partnership with DoD Solution, an Estonian-Ukrainian developer of onboard drone autonomy platforms, integrating Lantronix's Qualcomm-based Open-Q™ 6490CS platform with DoD Solution's AURA AI platform to support FPV drones, fixed-wing UAVs and interceptor systems. | |
| ○ | Partnership with AVT Australia, a CACI company, integrating Lantronix's system-on-module technology into advanced gimballed camera payloads for unmanned systems. |
| · | Acquired Vecima Networks' Industrial IoT business, including its Nero Global Tracking SaaS platform, which is expected to add approximately $5.3 million of annual revenue, including approximately $4.5 million of ARR, and approximately 125,000 asset tags under management. On a pro forma basis, the acquisition increases Software & Services to more than 10% of total company revenue. | |
| · | Launched the SLC 9000 Out-of-Band console manager integrated with Percepxion, targeting the AI data center networking market with secure remote access, autonomous provisioning and cloud-native fleet management to minimizing downtime and cut deployment costs. | |
| · | Added to the Russell 3000® Index as part of the 2026 reconstitution, reflecting Lantronix's progress toward higher growth, higher-value end markets and broadening the Company's visibility within the investment community. |
Q1 FY2027 Financial Outlook
| · | Revenue: $31.0 million to $33.0 million | |
| · | Non-GAAP EPS: $0.04 to $0.06 |
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Conference Call and Webcast
Management will host an investor conference call and audio webcast today (Wednesday, Aug. 26, 2026) at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss its results for the fiscal fourth quarter and full year of 2026. To access the live conference call, investors should dial 1-844-802-2442 (U.S./Canada) or 1-412-317-5135 (international) and indicate they are participating in the Lantronix fiscal 2026 fourth-quarter call. The webcast will also be available simultaneously via the investor relations section of the Company's website.
Investors can access a conference call replay starting at approximately 4:00 p.m. Pacific Time on Aug. 26, 2026, on the Lantronix website. A telephonic replay will also be available through Sept. 2, 2026, by dialing 1-855-669-9658 (U.S./Canada) or 1-412-317-0088 (international) and entering passcode 3642439.
About Lantronix
Lantronix Inc. (NASDAQ: LTRX) is a global leader in Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks. It delivers intelligent computing, secure connectivity and remote management for mission-critical applications enabling customers to optimize operations, enhance security and accelerate digital transformation. Its comprehensive portfolio of hardware, software and services powers applications ranging from mission-critical autonomous platforms and edge analytics for critical infrastructure to intelligent surveillance and secure network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security and a competitive edge in today's AI-driven world. For more information, visit the Lantronix website.
Discussion of Non-GAAP Financial Measures
Lantronix believes that the presentation of non-GAAP financial information, when presented in conjunction with the corresponding GAAP measures, provides important supplemental information to management and investors regarding financial and business trends relating to the company's financial condition and results of operations. Management uses the aforementioned non-GAAP measures to monitor and evaluate ongoing operating results and trends to gain an understanding of our comparative operating performance. The non-GAAP financial measures disclosed by the company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations of the non-GAAP financial measures to the financial measures calculated in accordance with GAAP should be carefully evaluated. The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The company has provided reconciliations of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
Non-GAAP net loss consists of net loss excluding (i) share-based compensation and the employer portion of withholding taxes on stock grants, (ii) depreciation and amortization, (iii) interest income (expense), (iv) other income (expense), (v) income tax provision (benefit), (vi) restructuring, severance and related charges, (vii) acquisition related costs, (viii) impairment of long-lived assets, (ix) amortization of purchased intangibles, (x) amortization of manufacturing profit in acquired inventory, (xi) fair value remeasurement of earnout consideration, and (xii) loss on extinguishment of debt.
Non-GAAP EPS is calculated by dividing non-GAAP net income by non-GAAP weighted-average shares outstanding (diluted). For purposes of calculating non-GAAP EPS, the calculation of GAAP weighted-average shares outstanding (diluted) is adjusted to exclude share-based compensation, which, for GAAP purposes, is treated as proceeds assumed to be used to repurchase shares under the GAAP treasury stock method.
Guidance on earnings per share growth is provided only on a non-GAAP basis due to the inherent difficulty of forecasting the timing or amount of certain items that have been excluded from the forward-looking non-GAAP measures, and a reconciliation to the comparable GAAP guidance has not been provided because certain factors that are materially significant to Lantronix's ability to estimate the excluded items are not accessible or estimable on a forward-looking basis without unreasonable effort.
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Lantronix Inc. published this content on August 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 26, 2026 at 20:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]