Filing Flows › Lantronix (LTRX) › Q1 FY27
Lantronix (LTRX) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 9, 2026
Lantronix (LTRX) reported revenue of $32.4M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and +4% from the quarter before. Operating margin was -1.7%, net loss $463K (1.4% of revenue).
Lantronix, Q1 FY27: revenue $32.4M (+9% year over year), operating margin -1.7%, net loss $463K, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.4M | +4% | +9% |
| Operating profit | −$558K | — | — |
| Net earnings | −$463K | — | — |
| Operating cash flow | −$2.5M | -230% | -169% |
What changed
Revenue was $32.4M in Q1 FY27, up 9% year over year and up 4% from the previous quarter. Embedded IoT Solutions was the largest line at 48% of revenue. Embedded IoT Solutions added $4.2M year over year (up 37%), 164% of the total change. IoT System Solutions declined 14%.
Gross margin was 44.8%, unchanged from Q1 FY26. Operating costs exceeded revenue by $558K, an operating margin of -1.7%. Operating expenses grew 1% against revenue growth of 9%. The quarter ended with a net loss of $463K, wider than the previous quarter's $269K loss. Non-operating items added $289K, so the bottom line overstates operating performance.
Operating cash flow was −$2.5M. Non-cash charges added back $368K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $4.0M. Capital expenditures of $110K exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Lantronix's revenue in the first quarter fiscal 2027?
Lantronix (LTRX) reported revenue of $32.4M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and +4% from the quarter before.
Was Lantronix profitable in the first quarter fiscal 2027?
Operating loss was $558K (-1.7% of revenue) and net loss $463K.
Source: Lantronix 10-Q on SEC EDGAR.