Lantronix raises FY 2026 drone revenue outlook

Lantronix

06/05/2026 21:43

Overview

Edge AI and Industrial IoT provider's fiscal Q3 revenue grew yr/yr, slightly missing analyst expectations

Non-GAAP EPS for fiscal Q3 was $0.04

Company raised FY26 drone revenue outlook to $10 mln–$14 mln on strong unmanned systems momentum

Outlook

Lantronix sees Q4 FY2026 revenue between $29.0 mln and $33.0 mln

Company expects Q4 FY2026 non-GAAP EPS of $0.03 to $0.05

Lantronix raises FY26 drone revenue outlook to $10 mln–$14 mln on strong momentum across UAS ecosystem

Result Drivers

EMBEDDED IOT GROWTH - 22% yr/yr growth in Embedded IoT Solutions portfolio drove overall revenue increase, per CEO Saleel Awsare

UNMANNED SYSTEMS MOMENTUM - Co deepened presence in unmanned systems ecosystem, including new customer win for counter-UAS market and strategic drone collaborations

Company press release: ID:nGNX8yg5wR

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$30.18 mln
$30.48 mln (4 Analysts)
Q3 Net Income
-$1.18 mln
Q3 Basic EPS
-$0.03
Q3 Gross Profit
$13.005 mln
Q3 Income From Operations
-$1.13 mln
Q3 Pretax Profit
-$1.15 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Lantronix Inc is $9.25, about 34.1% above its May 5 closing price of $6.90

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)