Overview

* Lantronix fiscal Q1 2026 revenue slightly beats analysts' expectations

* Non-GAAP EPS for fiscal Q1 2026 aligns with co's guidance

* Company grew drone OEM engagements to 17, highlighting UAS market demand

Outlook

* Lantronix ( LTRX ) forecasts Q2 FY2026 revenue between $28 mln and $32 mln

* Company expects Q2 FY2026 non-GAAP EPS between $0.02 and $0.04

* Lantronix ( LTRX ) sees long-term opportunities in UAS market supported by defense funding

Result Drivers

* DRONE OEM ENGAGEMENTS - Lantronix ( LTRX ) increased OEM engagements from 10 to 17, reflecting demand in the UAS market

* TECHNOLOGY INTEGRATION - Integrated Gremsy and Teledyne FLIR technologies into Edge AI drone solutions, enhancing performance

* NEW PLATFORM LAUNCHES - Launched Kompress.ai and EdgeFabric.ai to advance asset monitoring and edge AI deployment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Slight $29.79 $29.55

Revenue Beat* mln mln (4

Analysts

)

Q1 Net -$1.40

Income mln

Q1 Basic -$0.04

EPS

Q1 Gross $13.35

Profit mln

Q1 -$1.53

Income mln

From

Operatio

ns

Q1 -$1.36

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the communications & networking peer group is "buy"

* Wall Street's median 12-month price target for Lantronix Inc ( LTRX ) is $5.25, about 11.2% above its November 4 closing price of $4.66

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)