Filing Flows › Lantronix (LTRX) › Q2 FY26
Lantronix (LTRX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Lantronix (LTRX) reported revenue of $29.8M for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and -0.1% from the quarter before. Operating margin was -3.6%, net loss $1.3M (4.5% of revenue).
Lantronix, Q2 FY26: revenue $29.8M (-4% year over year), operating margin -3.6%, net loss $1.3M, operating cash flow $2.2M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.8M | -0.1% | -4% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | $2.2M | -40% | +541% |
| Free cash flow | $2.1M | -41% | +715% |
What changed
Revenue was $29.8M in Q2 FY26, down 4% year over year and roughly flat from the previous quarter. Embedded IoT Solutions was the largest line at 47% of revenue. IoT System Solutions lost $5.3M year over year (down 29%), 383% of the total change.
Gross margin was 43.6%, up 0.9 points from Q2 FY25. Operating costs exceeded revenue by $1.1M, an operating margin of -3.6%. Operating expenses fell 9% while revenue fell 4%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $1.4M loss.
Operating cash flow was $2.2M (up 541% year over year). Non-cash charges added back $407K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $92K left free cash flow of $2.1M.
Questions
What was Lantronix's revenue in the second quarter fiscal 2026?
Lantronix (LTRX) reported revenue of $29.8M for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and -0.1% from the quarter before.
Was Lantronix profitable in the second quarter fiscal 2026?
Operating loss was $1.1M (-3.6% of revenue) and net loss $1.3M.
Source: Lantronix 10-Q on SEC EDGAR.