CALIX (CALX) Earnings Date & Reports
Calix Inc develops, markets and sells its appliance-based platform, cloud and managed services that enable service providers of all types and sizes to innovate and transform their businesses... Show more
CALX is expected to report earnings to rise 2.17% to 40 cents per share on July 27
Calix (CALX) Q1 2026 Earnings Recap: Record Revenue Tops Estimates
Key Takeaways
- Calix reported record Q1 revenue of $280 million, up 3% sequentially from Q4 2025's $272 million and beating consensus estimates of approximately $278 million.+Tops+Q1+EPS+by+2c,+Offers+Guidance/26344444.html)
- Non-GAAP earnings per share (EPS) came in at $0.40, exceeding analyst expectations of $0.38.+Releases+Q1+2026+Earnings)
- Non-GAAP gross margin was 57.2%, up 100 basis points year-over-year but down 80 basis points sequentially due to dual cloud migration costs.
- Total remaining performance obligations (RPO) reached $376 million, while current RPO hit a record $157 million.
- Repurchased $171 million in shares (3.3 million shares at $51.34 average); cash and investments stood at $243 million.
- Q2 guidance includes revenue of $287–$293 million and non-GAAP gross margin of 54.25%–57.25%.
Earnings Context and Why It Matters
Calix, Inc. provides cloud-based software platforms and broadband infrastructure to communications service providers (CSPs). This Q1 2026 report (quarter ended March 28, 2026) underscores the company's transition to its Calix One platform, with full migration of existing customers to Google Cloud completed. Amid softening macroeconomic conditions for CSPs, strong platform demand drove record sales. Investors watch these results closely for signals on broadband recovery, recurring revenue growth via RPO, and margin sustainability amid rising memory costs. The earnings also precede today's Investor Day, heightening focus on long-term strategy.
Calix delivered Q1 revenue of $280 million, surpassing consensus estimates by about 1% and marking a new quarterly high with 3% growth from Q4 2025.+Tops+Q1+EPS+by+2c,+Offers+Guidance/26344444.html) Non-GAAP EPS of $0.40 topped expectations of $0.38, reflecting efficient operations despite investments.+Releases+Q1+2026+Earnings) GAAP net income was $11.2 million.
GAAP gross margin stood at 56.9%, with non-GAAP at 57.2%—the latter improved year-over-year on platform mix but dipped sequentially from cloud migration expenses. The company added 14 new customers and generated $7 million in free cash flow. Total RPO of $376 million signaled solid backlog, though down 2% sequentially.
Guidance for Q2 projects revenue of $287–$293 million (4% sequential growth at midpoint), non-GAAP gross margin of 54.25%–57.25%, and operating expenses around $128 million. Full-year gross margins are expected to decline 50–150 basis points due to memory surcharges and AI investments.
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Market Reaction and Investor Sentiment
Shares of Calix rose 1.67% in after-hours trading following the release, reaching $52.41, reflecting positive reception to the earnings beat and upbeat guidance despite margin pressures. Sentiment heading into results was cautious amid CSP spending concerns, but beats on revenue and EPS, plus strong RPO, bolstered confidence. Today's Investor Day at the NYSE is expected to provide further clarity on growth strategy.
Forward Outlook and Key Factors to Monitor
Investors should track execution of Q2 guidance, particularly revenue acceleration to $290 million midpoint and gross margin stabilization amid memory cost headwinds. The anticipated 50–150 basis point full-year margin contraction from higher component prices and platform investments warrants attention, alongside operating expense growth tied to AI features in Calix One.
RPO momentum, especially current RPO re-acceleration in H2 2026, will signal demand for cloud-based services. New customer wins (14 in Q1) and platform adoption remain critical, as CSPs prioritize experience-driven growth. Free cash flow positivity supports ongoing share repurchases, with $100 million newly authorized.
Upcoming catalysts include Investor Day insights on long-term strategy, Q2 results in late July, and broadband funding trends. Broader dynamics like fiber competition and AI integration in telecom could influence trajectory.
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General Information
a manufacturer of supplies telecommunication equipment
Industry ComputerCommunications