Abstract This article examines the effectiveness of a recently developed theoretical model for the generation and sensing of Lamb waves in thin plates with surface-bonded piezoelectric transducers in predicting temperature effects on Lamb waves and their time reversibility. In particular, the analytical model provides a closed-form solution, which incorporates both the shear-lag effect of the bonding layer and the system inertia in transducer-plate interaction modeling. Temperature-dependent material properties and thermal expansion of the system constituents are considered to predict the Lamb wave signal under a thermal environment. The accuracy of the theoretical prediction is assessed in comparison with experimental results obtained using an aluminum plate with adhesively bonded lead zirconate titanate transducers to its surface at different system temperatures ranging from 20°C to 75°C. Comparison is also made with experimental data and analytical solutions presented earlier without considering the inertia effect. The study reveals that the current solution accurately predicts the change in Lamb wave signal due to temperature variation, including the frequency dependency of the peak amplitude change with temperature rise. However, the theoretical model fails to predict the experimental trends when the inertia terms are neglected. The current model is also used to study the contributions of individual system parameters to the overall temperature effect on the time reversibility of Lamb waves and its dependence on the excitation frequency.