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

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53517
Published: 2026-11-11T03:16:55.000Z
Updated: 2026-11-11T03:16:55.000Z
Section: Business

> First-quarter sales reached $32.4 million, up more than 8% year over year, while Embedded IoT Solutions revenue rose 37%.

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.