Lantronix Posts 8% Revenue Growth in Q1

The Irvine-based IoT company reported $32.4 million in net revenue for its fiscal first quarter of 2027.

Updated on Nov. 9, 2026 in Corporate Finance

Photograph of a bare green circuit board with gold contact pads resting on a workbench in a bright light-industrial production space. — Irvine-based Lantronix reported $32.4 million in fiscal first-quarter 2027 net revenue, up 8% year-over-year, led by a 37% jump in embedded IoT solutions. AI Illustration. Upload story photo >

Lantronix reported fiscal first-quarter 2027 net revenue of $32.4 million, up 8% year-over-year, with Embedded IoT Solutions revenue rising 37%. The company posted a GAAP net loss of $463 thousand, or ($0.01) per share, while non-GAAP net income reached $2.2 million, or $0.05 per share.

Why it matters

The results show growth concentrated in the company's embedded IoT segment, which offset a GAAP loss for the quarter. Lantronix also reaffirmed its expectation for double-digit revenue growth in fiscal 2027, signaling confidence in its product and acquisition strategy.

Lantronix's non-GAAP gross margin exceeded 45% for the quarter, and the company's Q2 FY2027 net revenue guidance is $32.5 million to $34.5 million. The quarter's GAAP net loss of $463 thousand contrasts with $2.2 million in non-GAAP net income.

The players

Lantronix

Lantronix is an Irvine, California-based company that designs IoT edge compute, device management and connectivity products for industrial and commercial markets.

Trimble Inc.

Trimble Inc. is a technology company that makes positioning and surveying equipment used in construction, agriculture and geospatial work.

The details

Lantronix acquired Nero Global Tracking in a tuck-in deal that expanded its software and services mix above 10% of total revenue. The company also added its Open-Q 8550CS system-on-module to the U.S. Department of War's Blue UAS Framework, secured two edge-compute design wins in commercial and industrial computer vision, and launched MediaTek-based system-on-modules rated at 10 TOPS of AI performance.

June 30, 2026: Lantronix's fiscal year 2026 ended.
August 27, 2026: Lantronix filed its Form 10-K with the SEC.
September 30, 2026: Lantronix's fiscal first quarter 2027 ended.
November 9, 2026: Lantronix reported Q1 FY2027 results and held its earnings call.

Market Dynamics

Lantronix's embedded IoT growth reflects the broader shift toward edge compute hardware in industrial and commercial deployments, where processing increasingly happens on-site rather than in the cloud. Its MediaTek-based modules and computer vision design wins place the company within that transition, though its GAAP loss shows the margin pressure that accompanies it.

Investors tracking Lantronix can compare its non-GAAP profitability against the GAAP loss when evaluating its guidance for the coming quarters. Customers in the embedded IoT market may see new hardware options from the MediaTek-based modules and the FOX5 gateway.

The takeaway

Lantronix's quarter shows that segment-level growth can coexist with a GAAP loss, so readers should weigh non-GAAP and GAAP figures together. The company's guidance for double-digit growth in fiscal 2027 will be tested in the quarters ahead.

What happens next

Lantronix expects to report its fiscal second-quarter 2027 results with net revenue guidance of $32.5 million to $34.5 million, and Spotter is expected to become available in the fourth quarter of calendar 2026.