Quarterly ResultMay 6, 2026, 04:10 PM
Lantronix Q3 Revenue $30.2M, Non-GAAP EPS $0.04; Raises FY26 Drone Outlook
AI Summary
Lantronix reported fiscal third-quarter 2026 financial results with net revenue of $30.2 million and non-GAAP EPS of $0.04. The company saw strong growth in its Embedded IoT Solutions portfolio, up 22% year-over-year, and increased its FY26 drone revenue expectation to a range of $10 million–$14 million. Lantronix also announced strategic collaborations and new customer wins, while noting slower federal spending impacting IoT System Solutions.
Key Highlights
- Net Revenue for Q3 FY2026 was $30.2 million, up 5.96% year-over-year.
- Non-GAAP EPS for Q3 FY2026 was $0.04, a 33.33% increase from $0.03 in the prior year.
- GAAP EPS for Q3 FY2026 was ($0.03), an improvement from ($0.10) in the year-ago quarter.
- Embedded IoT Solutions revenue grew 22% year-over-year to $14.616 million.
- Software & Services revenue increased 31% year-over-year to $2.332 million.
- Raised FY26 drone revenue expectation to a range of $10 million–$14 million.
- Q4 FY2026 revenue guidance is $29.0 million to $33.0 million, with non-GAAP EPS of $0.03 to $0.05.
- Ended the quarter with $23.5 million in cash and cash equivalents, up $3.5 million year-over-year.