Calix (CALX) Earnings Dates, Call Summary & Reports

950 Followers

Earnings Data

Report Date

Jul 27, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.41

Last Year’s EPS

0.33

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 7 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 21, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong operational execution and product milestones (record revenue, platform migration completion, Google Cloud launch, rising current RPOs, and upgraded full-year revenue guidance) that underpin a positive growth outlook. However, material margin headwinds from higher memory costs, a temporary dual-cloud cost penalty, modest free cash flow in the quarter, and limited disclosure on Tier 1 cloud customer traction are near-term risks. Management has concrete mitigation actions (surcharges, inventory investments, and expected margin recovery as dual-cloud costs abate) and reiterated confidence in returning to target expense levels by year-end. On balance, the strategic advances and upgraded revenue guidance materially outweigh the near-term margin and visibility challenges.

Company Guidance

Calix guided Q2 revenue of $287–$293 million (midpoint +4% sequential) and raised full‑year 2026 revenue growth to 15–20% (up from prior 10–15%); Q2 non‑GAAP gross margin is guided to 54.25–57.25% with full‑year non‑GAAP gross margin expected to decline 50–150 basis points, while Q2 non‑GAAP operating expenses are forecast at $128 million at the midpoint (≈$1M sequential increase) and the company expects to return to its target expense model by year‑end; management noted the memory surcharge (effective May) is a partial recovery but will create an estimated ~200 bps headwind to 2026 margin unless adjusted, the dual‑cloud migration hit was roughly $3–$4M in Q1 and is complete, and RPOs (remaining POs $376M, down 2% seq and up 11% YoY; current RPOs $157M, +3% seq and +22% YoY) should reaccelerate in H2; Q1 results included record revenue of $280M (+3% seq), non‑GAAP gross margin 57.2% (‑80 bps seq, +100 bps YoY), DSO 36 days, inventory turns of 3, free cash flow $7M, $171M buybacks for 3.3M shares at an average $51.34 (plus an added $100M authorization), and $243M cash & investments, and management flagged BEAD contribution of “tens of millions” in H2’26 with a larger ramp in 2027 and a potential peak in 2028 (high‑tens of millions annually).

Record Revenue

Calix reported record non-GAAP revenue of $280 million in Q1 2026, a sequential increase of 3% driven by strong platform demand.

Raised Full-Year Revenue Outlook

Company raised FY 2026 revenue guidance to 15%–20% growth (previously 10%–15%), and Q2 revenue guidance of $287–$293 million representing ~4% sequential growth at the midpoint.

RPO and Current RPO Strength

Remaining performance obligations (RPOs) were $376 million (down 2% sequential, up 11% YoY). Current RPOs were a record $157 million, up 3% sequential and 22% year-over-year, with expectation of reacceleration in H2 2026.

Platform Migration and Cloud Launch

Completed migration of all existing customers to the third-generation Calix platform and launched on Google Cloud; over 1,200 customers loaded onto the AI-native Calix One platform, enabling expanded capabilities and markets.

Gross Margin Improvement Year-over-Year

Non-GAAP gross margin was 57.2% in Q1, an increase of 100 basis points year-over-year despite sequential headwinds from migration costs.

Shareholder Returns and Strong Liquidity

Generated $7 million of free cash flow in Q1, repurchased $171 million of stock (3.3 million shares at $51.34 average), and the Board authorized an additional $100 million for buybacks. Cash and investments finished at $243 million.

Operational Metrics and Supply Actions

DSO was 36 days and inventory turns remained steady at 3; company invested in inventory to support demand and supply continuity amid component constraints.

Execution and Investor Engagement

Management emphasized successful execution on migration, progress on AI-native features in Calix One, and scheduled Investor Day to provide roadmap and targets for growth, profitability and cash flow.

Calix (CALX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CALX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 27, 2026	2026 (Q2)	0.41 / -	0.33	―	―	―
Apr 21, 2026	2026 (Q1)	0.38 / 0.40	0.19	110.53% (+0.21)	―
Jan 28, 2026	2025 (Q4)	0.39 / 0.39	0.08	387.50% (+0.31)	―
Oct 29, 2025	2025 (Q3)	0.34 / 0.44	0.13	238.46% (+0.31)	―
Jul 21, 2025	2025 (Q2)	0.21 / 0.33	0.09	266.67% (+0.24)	―
Apr 21, 2025	2025 (Q1)	0.13 / 0.19	0.21	-9.52% (-0.02)	―
Jan 29, 2025	2024 (Q4)	0.07 / 0.08	0.43	-81.40% (-0.35)	―
Oct 28, 2024	2024 (Q3)	0.09 / 0.13	0.45	-71.11% (-0.32)	―
Jul 22, 2024	2024 (Q2)	0.06 / 0.09	0.36	-75.00% (-0.27)	―
Apr 22, 2024	2024 (Q1)	0.20 / 0.21	0.31	-32.26% (-0.10)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CALX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 21, 2026	$49.58	$42.65	-13.98%
Jan 28, 2026	$52.96	$46.66	-11.90%
Oct 29, 2025	$62.23	$68.04	+9.34%
Jul 21, 2025	$53.73	$55.42	+3.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.