SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): May 17, 2007

                                 LTX CORPORATION
- --------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

         Massachusetts                             04-2594045
- --------------------------------------------------------------------------------
        (State or other                          (IRS Employer
jurisdiction of incorporation)                Identification No.)


825 University Avenue, Norwood, Massachusetts               02062
- --------------------------------------------------------------------------------
   (Address of principal executive offices)              (Zip Code)


       Registrant's telephone number, including area code: (781) 461-1000
- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
follow provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))



Item 2.02         Results of Operations and Financial Condition.

         On May 17, 2007, LTX announced its financial results for the quarter
ended April 30, 2007. The full text of the press release issued in connection
with the announcement is furnished as Exhibit 99.1 to this Current Report on
Form 8-K.

         The information contained in this Form 8-K (including Exhibit 99.1)
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 (the "Exchange Act"), nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933 or the Exchange Act,
except as expressly set forth by specific reference in such a filing.

Item 9.01         Financial Statements and Exhibits.

         (c)  Exhibits

              The following exhibit relating to Item 2.02 shall be deemed to be
              furnished, and not filed:

              99.1 Press Release entitled "LTX Announces Third Quarter Results"
                   issued by the company on May 17, 2007.



                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



Date:  May 17, 2007                   LTX Corporation

                                      By:  /s/ Mark J. Gallenberger
                                           -------------------------------------
                                           Mark J. Gallenberger
                                           Vice President & Chief Financial
                                           Officer



                                  EXHIBIT INDEX

Exhibit No.               Description
- -----------               -----------

99.1                      Press release entitled "LTX Announces Third Quarter
                          Results" dated May 17, 2007