Lantronix Q3 Revenue Hits $30.2M as Drone Forecast Rises to $14M
LTRX•Lantronix posted fiscal Q3 revenue of $30.2 million with GAAP loss of $0.03 per share and non-GAAP earnings of $0.04. It raised its FY26 drone revenue forecast to $10–$14 million and delivered 22% growth in its Embedded IoT Solutions portfolio.
1. Fiscal Third-Quarter Results
Lantronix recorded net revenue of $30.2 million for its fiscal third quarter ended March 31, 2026, reflecting year-over-year growth. GAAP loss was $0.03 per share while non-GAAP earnings reached $0.04 per share. Cash and equivalents stood at $23.5 million.
2. Business Momentum and Segment Performance
The Embedded IoT Solutions segment grew 22% year over year, driven by rising demand for onboard edge compute in unmanned systems. The company increased its full-year drone revenue expectation to $10 million–$14 million based on strong UAS ecosystem momentum.
3. Strategic Collaborations
During the quarter, Lantronix forged key collaborations including integrating Edge AI compute with Unusual Machines’ flight components and expanding distribution in Europe with Melchioni Electronics. It also advanced multi-silicon strategies with MediaTek and signed a post-quantum security memorandum with Pairpoint.
4. Q4 Financial Outlook
For fiscal Q4, Lantronix forecasts revenue between $29.0 million and $33.0 million (midpoint $31.0 million) and non-GAAP EPS of $0.03 to $0.05, reflecting management’s aim for double-digit revenue growth in fiscal 2027.
