Lantronix Reports $12.6 Million in Unmanned Systems Revenue, Anticipates Growth in FY2027
Lantronix's unmanned systems revenue reached $12.6 million in fiscal 2026, expected to represent 15%-20% of total revenue in FY2027. The company aims for continued growth with strategic partnerships and acquisitions in the defense sector.
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In fiscal 2026, Lantronix generated $12.6 million from unmanned systems, a significant increase from minimal contributions in the previous year. The company anticipates this segment will account for 15% to 20% of total revenue in fiscal 2027.
Active engagements in unmanned systems rose to over 30 by year-end, facilitated by partnerships such as the one with Swarmer, enhancing AI processing for drones. Lantronix's total revenue for FY2026 was $120.9 million, with an 8% year-over-year increase in Q4.
The acquisition of Vecima Networks' Industrial IoT business is expected to add approximately $5.3 million annually, indicating a shift towards recurring revenue. This growth trajectory presents potential risks and opportunities in the competitive unmanned systems market.
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