Filing Flows › Lantronix (LTRX) › Q1 FY26
Lantronix (LTRX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 6, 2025
Lantronix (LTRX) reported revenue of $29.8M for the first quarter fiscal 2026 (Q1 FY26), -13% from a year earlier and +3% from the quarter before. Operating margin was -5.1%, net loss $1.4M (4.7% of revenue).
Lantronix, Q1 FY26: revenue $29.8M (-13% year over year), operating margin -5.1%, net loss $1.4M, operating cash flow $3.6M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.8M | +3% | -13% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | $3.6M | +243% | +35% |
| Free cash flow | $3.5M | +288% | +41% |
What changed
Revenue was $29.8M in Q1 FY26, down 13% year over year and up 3% from the previous quarter. IoT System Solutions was the largest line at 55% of revenue. IoT System Solutions lost $2.3M year over year (down 12%), 50% of the total change.
Gross margin was 44.8%, up 2.7 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -5.1%. Operating expenses fell 10% while revenue fell 13%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $2.6M loss.
Operating cash flow was $3.6M (up 35% year over year). Non-cash charges added back $446K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $74K left free cash flow of $3.5M.
Questions
What was Lantronix's revenue in the first quarter fiscal 2026?
Lantronix (LTRX) reported revenue of $29.8M for the first quarter fiscal 2026 (Q1 FY26), -13% from a year earlier and +3% from the quarter before.
Was Lantronix profitable in the first quarter fiscal 2026?
Operating loss was $1.5M (-5.1% of revenue) and net loss $1.4M.
Source: Lantronix 10-Q on SEC EDGAR.