Calix IncCALX
▲ PositiveCapitalrelevance
Record revenue and earnings beat, with strong guidance for next quarter.
Impact on stocks 1
Cloud & Digital Infrastructure
Calix IncCalix Inc reported record revenue of $293 million for the second quarter of 2026, a 5% sequential increase and 21% year-over-year growth. Software and service revenue reached a record $50 million, up 7% sequentially and 16% year-over-year, while remaining performance obligations hit a record $386 million, up 3% sequentially and 11% year-over-year. Non-GAAP software and service gross margin improved by 810 basis points sequentially, but non-GAAP appliance gross margin fell to 52.9%, a decrease of 460 basis points sequentially and 170 basis points year-over-year, partly due to higher memory costs. Non-GAAP net income was $31 million or $0.47 per diluted share, and free cash flow was approximately $12 million. The company guided for third-quarter revenue between $301 million and $307 million, with a non-GAAP gross margin midpoint of 52% and non-GAAP operating expenses of $124.5 million at the midpoint.
Calix IncRecord revenue and earnings beat, with strong guidance for next quarter.