How Is Lantronix (NASDAQ:LTRX) Expanding Beyond Drones With Edge Intelligence?

Sonal Goyal

10 November 2026 06:56 PM AEDT

How Is Lantronix (NASDAQ:LTRX) Expanding Beyond Drones With Edge Intelligence?

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Key Highlights

Revenue grew 8% year over year in the fiscal first quarter of 2027.
Non-GAAP gross Margin remained above 45%, and non-GAAP Net Income rose 50%.
Embedded IoT Solutions Revenue increased 37% year over year.
The company completed a tuck-in Acquisition of Nero Global Tracking.

Lantronix Inc. (NASDAQ:LTRX) reported fiscal first-quarter 2027 results for the period ended September 30, 2026, showing revenue growth of 8% from a year earlier. The quarter combined steady top-line growth with higher profit measures and an expansion of the company's product scope.

Revenue Drivers

Chief Executive Saleel Awsare said that Demand from unmanned systems customers has been a principal driver of the segment's growth, and that the company is applying its Edge Computing and computer vision capabilities to a broader set of commercial applications.

Awsare cited recent design wins in advanced surveying and in smart security monitoring for jobsite safety as examples of that broader reach.

Profitability

Gross margin and net income measures are reported on a non-GAAP basis, which excludes certain items from the company's GAAP results.

Acquisition and Software Mix

Management said the acquisition has expanded the company's pro forma software and services mix above 10% of total revenue.

The Nero Global Tracking acquisition is small but strategically relevant because it extends the company's software and services offering.

Final Word

Lantronix's first quarter of fiscal 2027 shows revenue growth of 8%, a 37% rise in its embedded IoT Business and a 50% increase in non-GAAP net income.

FAQs

Q: What was Lantronix's fiscal first-quarter 2027 revenue growth?

A: Revenue grew 8% year over year.

Q: How did the Embedded IoT business perform?

A: Embedded IoT Solutions revenue grew 37% year over year, driven by unmanned systems.

Q: What was the non-GAAP gross margin?

A: The company reported a non-GAAP gross margin above 45%.

Q: What acquisition did Lantronix complete?

A: The company completed a tuck-in acquisition of Nero Global Tracking, which it said lifted its software and services mix above 10% of revenue.

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