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How Lantronix (LTRX) makes money

Lantronix (LTRX) made $31.2M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). IoT System Solutions brought in $15.3M (49%); Embedded IoT Solutions brought in $13.7M (44%); Software & Services brought in $2.2M (7%).

Drawing the Sankey…

Lantronix revenue by segment, Q4 FY26Lantronix revenue by segment, Q4 FY26IoT System Solutions$15.3MEmbedded IoT Solutions$13.7MSoftware & Services$2.2M
Lantronix: revenue by line, Q2 FY25 to Q4 FY26Lantronix: revenue by line, Q2 FY25 to Q4 FY26IoT System SolutionsEmbedded IoT SolutionsSoftware and ServicesSoftware & ServicesIoT System Solutions: $15.3M latest$15.3MEmbedded IoT Solutions: $13.7M latest$13.7MSoftware and Services: $0 latestSoftware & Services: $2.2M latest$2.2MQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
IoT System Solutions went from 60% of revenue in Q2 FY25 to 49% in Q4 FY26, the largest shift in the mix.
Lantronix revenue by quarterLantronix revenue by quarter$31.2MQ2 FY25$28.5MQ3 FY25$28.8MQ4 FY25$29.8MQ1 FY26$29.8MQ2 FY26$30.2MQ3 FY26$31.2MQ4 FY26
Lantronix: where each dollar of revenue goesLantronix: where each dollar of revenue goesOperating cash flow6¢Free cash flow6¢

Revenue by segment, Q4 FY26

SegmentRevenueShareQ/QY/Y
IoT System Solutions$15.3M49.1%+16%—
Embedded IoT Solutions$13.7M43.8%-7%—
Software & Services$2.2M7.0%-6%—

Where each dollar of revenue goes

LineQ4 FY26% of revenue
Revenue$31.2M100.0%
Operating cash flow$1.9M6.2%
Free cash flow$1.7M5.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q4 FY26$31.2M+8%
Q3 FY26$30.2M+6%
Q2 FY26$29.8M-4%
Q1 FY26$29.8M-13%
Q4 FY25$28.8M-41%
Q3 FY25$28.5M-31%
Q2 FY25$31.2M-16%

From Lantronix's 10-K filed Aug 27, 2026 (on EDGAR).

Questions

How does Lantronix make money?

Lantronix (LTRX) made $31.2M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). IoT System Solutions brought in $15.3M (49%); Embedded IoT Solutions brought in $13.7M (44%); Software & Services brought in $2.2M (7%).

What is Lantronix's biggest business?

IoT System Solutions: $15.3M in the fourth quarter fiscal 2026, 49% of revenue.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.