LTRX Reiterated by Needham -- Price Target Maintained at $11.00

Lantronix (LTRX) reported Q4 2026 revenue of $31.2M, up 8% YoY, with non-GAAP EPS at $0.04, a 300% increase. The company is expanding in drones and edge AI, with unmanned systems revenue reaching $12.6M. Lantronix is debt-free with $60.5M in cash, and expects drones to contribute 15-20% of revenue in 2027. Challenges include memory price increases and federal budget delays.

Lantronix (LTRX) reported Q4 2026 revenue of $31.2M, up 8% YoY, and non-GAAP EPS of $0.04, a 300% increase. Growth was driven by embedded IoT and unmanned systems, with IoT revenue up 34%. The company acquired Vecima Networks' Industrial IoT business for $11.7M. Management guided Q1 2027 revenue to $31M-$33M and EPS to $0.04-$0.06, with unmanned systems expected to contribute 15-20% of total revenue. Lantronix eliminated debt and increased cash reserves to $60.5M.

Needham analyst Austin Bohlig raised Lantronix's (LTRX) price target to $11 from $8.5, maintaining a Buy rating. The adjustment reflects a revised outlook on the company's valuation and market position. Lantronix and Cherry & White launched the Rapid Wi-Fi Platform, targeting connectivity gaps in critical infrastructure with enterprise-grade speeds up to 70 times faster than legacy solutions.

Lantronix stock rose 15.3% in pre-market trading after reporting Q4 2026 revenue of $31.2M, up 8% YoY, and non-GAAP EPS of $0.04, matching estimates. The company projected double-digit revenue growth for FY2027, driven by its unmanned systems segment. Gross margin expanded to 43.7%, and the company ended the year debt-free. The stock was added to the Russell 3000 Index, increasing institutional visibility. The broader market also showed gains, with the NASDAQ and S&P 500 up 1.2% and 0.5%, respec

Lantronix (LTRX) reported an 8% revenue increase to $31.2M and a 300% rise in non-GAAP EPS to $0.04 for fiscal 2026. The company's P/S ratio is 1.94, above its historical median, and its GF Value™ suggests a 67.3% overvaluation. Insider activity shows no buying and $0.2M in selling, while institutional interest is mixed. Lantronix projects revenue between $31M and $33M for the next fiscal period.

LANTRONIX INC (LTRX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Lantronix Reports Fiscal Fourth-Quarter and Full-Year 2026 Financial Results · Fourth-Quarter Revenue Increased 8% Year- Over- Year to $31.2 Million · GAAP EPS of ($0.01) · Non-GAAP EPS of $0.04 · Fiscal 2026 Unmanned Systems Revenue of $12.6 Million, Above the Midpo