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Lantronix (LTRX)
NASDAQ:LTRX
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.04Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial momentum—most notably accelerated drone adoption and upgraded drone revenue guidance—improving margins year-over-year, reduced operating expenses, positive operating cash flow, debt reduction, and multiple strategic wins validating the company’s edge AI platform. Offsetting items include a short-term federal purchasing slowdown tied to a government shutdown, sequential gross margin moderation versus the previous quarter, supply-chain/memory pricing pressures, persistent (though reduced) GAAP net loss, and execution/concentration risks as drone revenue becomes a larger portion of the business. Overall, the positives (revenue within guidance, significant acceleration and upgraded drone outlook, expanding recurring revenue, margin improvement YoY, and balance-sheet improvements) outweigh the negatives, which are largely transitory or being actively managed.Company Guidance
Revenue and EPS Within Guidance
Reported revenue of $29.8 million in the fiscal second quarter and non-GAAP EPS of $0.04, both within the company's guidance ranges.
Drone Business Acceleration and Upgraded Guidance
Drone revenues increased meaningfully from Q1 to Q2. Company raised fiscal 2026 drone revenue outlook to $8.0M–$12.0M (previously $5.0M–$10.0M) and expects drones to represent ~15%–20% of total revenue in fiscal 2027 (implying roughly $20M–$30M in 2027).
Gross Margin Expansion Year-over-Year
GAAP gross margin improved to 43.6% from 42.6% year-ago; non-GAAP gross margin increased to 44.0% from 43.2% year-ago, driven by higher mix of premium products and cost discipline.
Profitability Improvements
GAAP net loss narrowed to $1.3M (−$0.03 per share) versus a GAAP net loss of $2.4M (−$0.06) year-ago. Non-GAAP net income was $1.6M or $0.04 per share, up slightly from $1.5M last quarter.
Operating Cash Flow and Strong Balance Sheet Actions
Generated nearly $2.2M of positive operating cash flow in the quarter, increased cash and cash equivalents to $23.0M (+$0.8M quarter-over-quarter), paid down ~ $1.0M of debt leaving ~$9.7M (down from $14.7M year-ago), and achieved a net cash position of approximately $13.3M.
Commercial & Strategic Wins Validating Edge AI Strategy
Multiple design wins and customer engagements across drones and critical infrastructure: Red CAT/Teal expanded partnership, selection by Flightwave (OpenCue), Edge AI chosen by Trillium Engineering for gimbal imaging, first DFR win with Flock Safety, and collaboration with Safeco/SafePro on AI-enabled threat detection—demonstrating product adoption across defense, public safety, and infrastructure markets.
Recurring Revenue and Product Platform Progress
Tier 1 U.S. mobile network operator rollout recognized revenue over last two quarters and supports SaaS-based ARR growth. Software & services represented ~6% of total revenue over the last 12 months with a stated path to more than double that mix over the mid-term. New CES product debuts (Smart Edge AI, Smart Switch AI) and a drone reference kit accelerate platform-led approach and brownfield upgrade opportunities.
Expense Discipline
GAAP operating expenses were $14.0M, down ~6% sequentially and ~9% versus $15.4M year-ago, reflecting cost optimization benefits and operating leverage.
LTRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LTRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $6.23 | $5.82 | -6.58% |
Nov 05, 2025 | $4.65 | $5.08 | +9.25% |
Aug 27, 2025 | $3.71 | $4.65 | +25.34% |
May 08, 2025 | $2.27 | $2.10 | -7.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Lantronix (LTRX) report earnings?
Lantronix (LTRX) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Lantronix (LTRX) earnings time?
Lantronix (LTRX) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LTRX EPS forecast?
LTRX EPS forecast for the fiscal quarter 2026 (Q3) is 0.04.