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Lantronix

Lantronix (LTRX) Q1 2026 Earnings

Reported Nov 5, 2025 at 4:15 PM ET · SEC Source

Q1 26 EPS

$0.04

BEAT +33.33%

Est. $0.03

Q1 26 Revenue

$29.8M

BEAT +0.81%

Est. $29.6M

vs S&P Since Q1 26

+11.6%

BEATING MARKET

LTRX +22.8% vs S&P +11.3%

Market Reaction

Did LTRX Beat Earnings? Q1 2026 Results

Lantronix posted a tidy beat to open fiscal 2026, with the IoT connectivity company reporting Q1 revenue of $29.79 million and non-GAAP EPS of $0.04, edging past Wall Street's $29.55 million revenue estimate and the $0.03 EPS consensus by 33.33%, eve… Read more Lantronix posted a tidy beat to open fiscal 2026, with the IoT connectivity company reporting Q1 revenue of $29.79 million and non-GAAP EPS of $0.04, edging past Wall Street's $29.55 million revenue estimate and the $0.03 EPS consensus by 33.33%, even as total revenue slipped 13.4% from the year-ago quarter. The headline driver behind the earnings upside was meaningful margin expansion, with non-GAAP gross margin climbing to 45.3%, up from 40.6% the prior quarter, fueled by favorable product mix, lower inventory charges, and royalty benefits that collectively lifted profitability well above recent trends. The drone and UAS segment emerged as a standout strategic bright spot, with OEM engagements growing from 10 to 17 during the quarter on the back of new design wins, a development that has contributed to the stock's notable momentum with investors over the past year. Looking ahead, management guided Q2 revenue of $28 million to $32 million with non-GAAP EPS of $0.02 to $0.04, implying nearly 20% year-over-year growth when excluding the Gridspertise impact, as defense funding and UAS regulatory tailwinds build.

Key Takeaways

  • • Favorable product mix driving gross margin expansion to 45.3% non-GAAP
  • • Lower inventory charges and royalty benefits
  • • Cost optimization initiatives from fiscal 2025 reducing operating expenses 10% year-over-year
  • • Strength in Network Infrastructure products driving sequential revenue growth
  • • Growing contributions from drone/UAS business with OEM engagements expanding from 10 to 17
24/7 Wall St

LTRX YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

LTRX Revenue by Segment

With YoY comparisons, source: SEC Filings

Q4 25 Q3 26
24/7 Wall St

LTRX Revenue by Geography

With YoY comparisons, source: SEC Filings

Q4 25 Q3 26

“Fiscal 2026 is off to a strong start, with revenue and earnings per share both at the high end of our guidance ranges. Our results reflect margin expansion, disciplined cost management and growing contributions from our high-growth platforms. In drones, we secured new design wins and expanded OEM engagements, which are supported by record defense funding and regulatory momentum that drive long-term opportunities in the UAS market.”

— Saleel Awsare, Q1 2026 Earnings Press Release

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