Lantronix ( (LTRX) ) has released its Q1 earnings. Here is a breakdown of the information Lantronix presented to its investors.
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Lantronix Inc. is a global leader in Edge AI and Industrial IoT solutions, providing intelligent computing, secure connectivity, and remote management for mission-critical applications across various high-growth markets.
Lantronix recently reported its financial results for the first fiscal quarter of 2026, showcasing strong performance with revenue and earnings per share at the high end of guidance ranges. The company highlighted its strategic advancements in the drone market and the launch of new AI platforms.
The company achieved a net revenue of $29.8 million for the quarter, with a non-GAAP EPS of $0.04, indicating a positive financial trajectory. Lantronix expanded its OEM engagements in the drone sector and launched innovative platforms like EdgeFabric.ai and Kompress.ai, enhancing its market position and recurring revenue potential.
Looking forward, Lantronix projects revenue between $28 million and $32 million for the second quarter of fiscal 2026, with non-GAAP EPS expected to range from $0.02 to $0.04. The company remains optimistic about its growth prospects, driven by strong industry demand and strategic initiatives.