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Lantronix ( (LTRX) ) has shared an announcement.
On May 6, 2026, Lantronix reported fiscal third-quarter 2026 results for the period ended March 31, posting net revenue of $30.2 million, GAAP loss per share of $0.03 and non-GAAP earnings per share of $0.04, with cash and equivalents of $23.5 million. Management cited disciplined execution, 22 percent growth in its Embedded IoT Solutions portfolio and rising demand in unmanned systems as it raised full-year 2026 drone revenue expectations to $10 million–$14 million and forecast fourth-quarter revenue between $29 million and $33 million and non-GAAP EPS of $0.03 to $0.05.
Recent initiatives included a collaboration with Unusual Machines to co-develop next-generation autonomous drone components, a new counter-UAS customer win using its Edge AI platform, and an expanded multi-silicon strategy with MediaTek to address broader Edge AI and Industrial IoT needs. Lantronix also broadened its geographic and security reach through a European distribution partnership with Melchioni Electronics and a memorandum of understanding with Vodafone’s Pairpoint to embed post-quantum cryptography into its industrial edge routers and gateways, moves that deepen its role as a critical compute platform within the unmanned and secure connectivity ecosystems.
The most recent analyst rating on (LTRX) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Lantronix stock, see the LTRX Stock Forecast page.
Spark’s Take on LTRX Stock
According to Spark, TipRanks’ AI Analyst, LTRX is a Neutral.
Overall score reflects a tug-of-war between weak profitability and top-line trajectory (major headwind) versus strengthening financial flexibility and positive free cash flow (support). Earnings call signals improving execution and stronger drone-driven outlook, but technicals remain weak and valuation support is limited due to a negative P/E and no dividend yield.
To see Spark’s full report on LTRX stock, click here.
More about Lantronix
Lantronix Inc., based in Irvine, Calif., is a global leader in Edge AI and Industrial IoT solutions, providing intelligent computing, secure connectivity and remote management for mission-critical applications. Its hardware, software and services target high-growth markets such as smart cities, enterprise IT and commercial and defense unmanned systems, powering uses from secure video surveillance to resilient network management at the network edge.
Average Trading Volume: 613,676
Technical Sentiment Signal: Strong Buy
Current Market Cap: $267.5M
See more insights into LTRX stock on TipRanks’ Stock Analysis page.