Lantronix Reports Fiscal First Quarter 2026 Financial Results

Core Insights - Lantronix Inc. reported strong fiscal first-quarter results for 2026, with revenue and earnings per share at the high end of guidance ranges, reflecting margin expansion and disciplined cost management [2][4]. Financial Performance - The company achieved net revenue of $29.8 million for Q1 FY2026, compared to $28.8 million in the previous quarter and $34.4 million in the same quarter last year [4][19]. - GAAP EPS was reported at ($0.04), while Non-GAAP EPS was $0.04, indicating a significant improvement in operational performance [4][19]. - The number of OEM engagements in the drone sector increased from 10 in Q4 to 17 in Q1, highlighting growing demand in the Unmanned Aircraft Systems (UAS) market [4][5]. Business Highlights - Lantronix integrated Gremsy and Teledyne FLIR technologies into its Edge AI drone solution, enhancing flight endurance and imaging performance [5]. - The launch of EdgeFabric.ai™ and Kompress.ai platforms aims to accelerate Edge AI deployment and optimize performance in industrial environments [5]. - The company expanded its Power-over-Ethernet (PoE) portfolio and enhanced Out-of-Band Management solutions for next-generation GPU-as-a-Service infrastructure [5]. Market Positioning - Lantronix is positioned to benefit from record defense funding and regulatory momentum in the UAS market, which supports long-term growth opportunities [2]. - The company received multiple industry awards for innovation in Edge AI and IoT, including the Product of the Year Award for advanced drone development solutions [5]. Regional Performance - Revenue from the Americas was $20.7 million, up from $19.8 million in the previous quarter, while EMEA and Asia Pacific Japan contributed $5.1 million and $4.1 million, respectively [23].