Lantronix, Inc. Q4 2026 Earnings Recap

Lantronix shares rose 6.5% after the company reported Q4 revenue growth of 8% to $31.2 million and non-GAAP EPS of $0.04, both within its guidance range. Investors may also have responded to momentum in embedded IoT and unmanned systems, though the results were not above guidance.

Key Takeaways

• Embedded IoT solutions, including drones, grew 34% year over year; gross margin remained above 44%.
• Fiscal 2026 unmanned systems revenue was $12.6 million, above the midpoint of the company’s most recent guidance range. Engagements grew from roughly 10 in Q1 to more than 30.
• IoT System Solutions revenue increased 16% sequentially in Q4, with recovery in out-of-band management, strength in network switches, and early stabilization in federal business.
• Management highlighted domestic-drone regulatory and funding developments as potential tailwinds, while describing autonomy and edge AI compute as longer-term opportunities.