Lantronix Projects Fiscal Q2 Revenue of $32.5 Million to $34.5 Million

Lantronix expects fiscal second-quarter revenue of $32.5 million to $34.5 million, a range that would mark double-digit year-over-year growth after sales rose more than 8% in the first quarter.

The company projects second-quarter non-GAAP net income of $1.8 million to $2.7 million, or 4 cents to 6 cents per share. The quarter ends Dec. 31, 2026.

First-quarter revenue totaled $32.4 million. Embedded IoT Solutions revenue increased 37%, driven by strength in unmanned systems.

Lantronix continues to target unmanned systems accounting for about 15% to 20% of total revenue in fiscal 2027, reaffirming its previously stated outlook.