Lantronix Posts 8% Revenue Growth in Fiscal 2026, Eyes Double-Digit Expansion — Lantronix, Inc.

Event summary

Lantronix reported fiscal Q4 2026 revenue of $31.2M, up 8% YoY, with full-year revenue at $120.9M.
Unmanned systems revenue hit $12.6M in fiscal 2026, exceeding guidance midpoint.
Company ended fiscal 2026 with $60M in cash and no debt.
Lantronix expects double-digit revenue growth in fiscal 2027.
Acquired Vecima Networks’ Industrial IoT business, adding $5.3M in annual revenue.

The big picture

Lantronix is pivoting from a broad-based hardware provider to a focused, higher-margin solutions platform, with unmanned systems emerging as a key growth driver. The company's strategic acquisitions and partnerships position it to capitalize on the expanding edge AI and Industrial IoT markets, particularly in defense and critical infrastructure sectors. With a strengthened balance sheet and multiple engines of growth, Lantronix aims to deliver double-digit revenue expansion in fiscal 2027.

What we're watching

Unmanned Systems Growth: Whether Lantronix can sustain its unmanned systems momentum, targeting 15-20% of total revenue in fiscal 2027.
Execution Risk: How the integration of Vecima Networks’ Industrial IoT business will impact recurring revenue and software services growth.
Market Expansion: The pace at which Lantronix can expand its role in the broader autonomy ecosystem and edge compute market.