Earnings summaries and quarterly performance for CALIX.
Executive leadership at CALIX.
Board of directors at CALIX.
Research analysts who have asked questions during CALIX earnings calls.
CS
Christian Schwab
Craig-Hallum Capital Group
6 questions for CALX
Also covers: ACLS, ADTN, AEHR +17 more
Ryan Koontz
Needham & Company, LLC
6 questions for CALX
Also covers: AAOI, ADTN, ANET +27 more
SS
Scott Searle
ROTH MKM
6 questions for CALX
Also covers: ADEA, AIOT, AIRG +22 more
Tim Savageaux
Northland Capital Markets
6 questions for CALX
Also covers: AAOI, ADTN, AIRG +16 more
GN
George Notter
Jefferies
4 questions for CALX
Also covers: AAOI, ADTN, ANET +18 more
Michael Genovese
Rosenblatt Securities Inc.
4 questions for CALX
Also covers: AAOI, ADTN, EXTR +5 more
SC
Samik Chatterjee
JPMorgan Chase & Co.
3 questions for CALX
Also covers: AAPL, ANET, APH +32 more
JC
Joe Cardoso
JPMorgan Chase & Co.
2 questions for CALX
Also covers: GLW, HPQ, LOGI +1 more
JC
Joseph Cardoso
JPMorgan Chase & Co.
1 question for CALX
Also covers: AXON, CIEN, CRDO +9 more
Mike Genovese
Rosenblatt Securities
1 question for CALX
Also covers: ADTN, EXTR, FN +1 more
Recent press releases and 8-K filings for CALX.
Calix Reports Record Q4 and Full-Year 2025 Results, Launches Third-Gen Platform, and Provides 2026 Growth Outlook
CALX
Earnings
Revenue Acceleration/Inflection
Product Launch
- Calix (CALX) reported record financial performance for Q4 and full-year 2025, with Q4 revenue of $272 million (up 32% year-over-year) and annual revenue surpassing $1 billion (up 20% over 2024).
- The company achieved a record non-GAAP gross margin of 58% in Q4 2025, generated record free cash flow of $40 million, and ended the year with record cash and investments of $388 million.
- Remaining Performance Obligation (RPO) reached a record $385 million, reflecting 18% year-over-year growth, with current RPOs also at a record $152 million.
- Calix launched the third generation of its platform in December 2025 and anticipates 2026 revenue growth in the 10%-15% range (excluding BEAD program contributions), with further acceleration expected from the BEAD program into 2027.
- In Q4 2025, Calix deployed $17 million to repurchase 300,000 shares, and its board authorized an additional $125 million for the stock repurchase plan.
Jan 29, 2026, 1:30 PM
Calix Reports Record Q4 2025 Results and Provides Q1 2026 Guidance
CALX
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Calix closed 2025 with record revenue of $272 million in Q4, a 32% year-over-year increase, and surpassed $1 billion in annual revenue for 2025, reflecting 20% growth over 2024.
- The company achieved a record non-GAAP gross margin of 58% in Q4 2025, marking its eighth consecutive quarter of improvement, and generated record free cash flow of $40 million.
- For Q1 2026, Calix provided revenue guidance between $275 million and $281 million and announced an increase of $125 million in its stock repurchase plan, having deployed $17 million to buy back 300,000 shares in Q4 2025.
- Calix launched its third-generation platform in December, with over 300 customers already migrated and a goal to complete all migrations by the end of Q1 2026. This, combined with a $1 billion to $1.5 billion BEAD opportunity, positions the company for a sustained growth phase in 2026 and beyond.
Jan 29, 2026, 1:30 PM
Calix Reports Record Q4 and Full-Year 2025 Results, Provides Q1 2026 Guidance
CALX
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Calix closed 2025 with its best performance in company history, reporting record Q4 2025 revenue of $272 million, a 32% year-over-year growth, and surpassing $1 billion in annual revenue for 2025, reflecting 20% growth over 2024.
- The company achieved record gross margin for the eighth consecutive quarter and its eleventh consecutive quarter of eight-figure free cash flow, ending 2025 with record cash.
- Remaining performance obligation (RPO) reached a record $385 million, marking an 18% year-over-year increase.
- Calix launched its third-generation platform in December 2025, with over 300 customers already migrated and a goal to complete all customer migrations by the end of Q1 2026. This platform is expected to enable new global markets and large customers with private clouds.
- For Q1 2026, revenue guidance is between $275 million and $281 million. Non-GAAP gross margin is expected to remain strong, with some near-term impact due to customer mix and dual cloud costs during the platform transition. Operating expenses are projected to increase sequentially due to accelerated AI development, with an expectation to return to the target financial model by the end of 2026. The BEAD program represents an opportunity of $1 billion to $1.5 billion for Calix, with deliveries expected to ramp meaningfully in 2027 and beyond.
Jan 29, 2026, 1:30 PM
Calix Reports Q4 2025 Results and Q1 2026 Outlook
CALX
Earnings
Guidance Update
- Calix reported unaudited Q4 2025 revenue of $272.4 million, slightly above expectations, and non-GAAP EPS of $0.39, marginally below consensus.
- Following the announcement, Calix shares experienced a modest 2.2% decline in after-hours trading.
- The company has scheduled a conference call for January 29, 2026, to discuss the results and outlook.
- Real-time news services reported a Q1 outlook with adjusted EPS of $0.34–$0.40 and sales of $275.0M–$281.0M.
- Third-party data indicates a strong balance sheet with a current ratio of 5.02 and low leverage, despite historical profitability challenges and a negative net margin of ~-0.78%.
Jan 28, 2026, 11:21 PM
Calix Announces Record Q4 and Full Year 2025 Financial Results
CALX
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Calix reported record revenue of $272 million for Q4 2025, representing 32% year-over-year growth, and $1 billion in annual revenue for FY 2025, a 20% year-over-year increase.
- The company achieved a record non-GAAP gross margin of 58% in Q4 2025 and generated $40 million in free cash flow, marking its eleventh consecutive quarter of eight-figure free cash flow.
- Remaining performance obligations (RPOs) grew 18% year-over-year to $385 million, driven by the addition of 25 new platform customers.
- Calix ended 2025 with record cash and investments of $388 million and maintained a low Days Sales Outstanding (DSO) of 35 days.
Jan 28, 2026, 9:18 PM
Calix Increases Stock Repurchase Authorization
CALX
Share Buyback
- Calix, Inc. announced an increase of $125 million in its common stock repurchase authorization on January 28, 2026.
- This additional authorization is added to the $109.3 million remaining at the end of the fourth quarter of 2025.
- The total authorization under the stock repurchase program is now $425 million.
- The board of directors approved this increase on January 27, 2026.
Jan 28, 2026, 9:17 PM
Calix Increases Stock Repurchase Authorization
CALX
Share Buyback
- Calix's board of directors has increased its stock repurchase authorization by an additional $125 million.
- This new authorization supplements the $109.3 million remaining from the previous program as of the end of the fourth quarter of 2025.
- The stock repurchase program is flexible, allowing for various repurchase methods, and does not obligate Calix to purchase any specific amount of shares.
Jan 28, 2026, 9:15 PM
Calix Reports Record Q3 2025 Results and Provides Q4 Guidance
CALX
Earnings
Guidance Update
New Projects/Investments
- Calix reported record Q3 2025 revenue of $265 million, reflecting 10% sequential growth, and achieved a record non-GAAP gross margin of 57.7%, marking its seventh consecutive quarter of margin improvement.
- The company guided Q4 2025 revenue to between $267 million and $273 million, with the midpoint indicating a 2% sequential increase and 20% revenue growth for fiscal year 2025 compared to 2024.
- Calix launched its third-generation platform integrating agentic AI in partnership with Google, and is increasing Q4 2025 operating expenses to accelerate AI development, with expectations to return to its target financial model by the end of 2026.
- RPOs grew 2% sequentially to a record $355 million, and Calix anticipates durable sequential growth into 2026, targeting the lower end of its 10-15% financial model, with potential upside from international expansion, Tier 1 customers, MDU products, and initial BEAD orders not yet factored into these projections.
Oct 30, 2025, 12:30 PM
Calix Reports Record Q3 2025 Results and Strong Q4 Outlook
CALX
Earnings
Guidance Update
New Projects/Investments
- Calix reported record revenue of $265 million in Q3 2025, marking its fifth consecutive quarter of sequential growth and a 10% sequential increase. The company also achieved a record non-GAAP gross margin of 57.7%, its seventh consecutive quarter of margin improvement.
- For Q4 2025, Calix provided a revenue outlook between $267 million and $273 million, with the midpoint representing a 2% sequential increase and 20% revenue growth for fiscal year 2025 compared to 2024.
- The company launched its Calix Agent workforce, integrating agentic AI, in partnership with Google, and has invested $100 million since November 2023 in AI infrastructure. This initiative, along with a migration to a third-generation platform, supports international expansion and large Tier 1 customer engagement.
- Calix received its first BEAD orders in Q3 2025 and is more optimistic about the program, expecting funds to flow in 2026, with fiber being the dominant technology at 65% of locations and 85% of dollars.
Oct 30, 2025, 12:30 PM
Calix Reports Record Q3 2025 Revenue and Gross Margin, Launches AI Workforce
CALX
Earnings
Guidance Update
Product Launch
- Calix reported record revenue of $265 million in Q3 2025, reflecting 10% sequential growth, and achieved a record non-GAAP gross margin of 57.7%, marking its seventh consecutive quarter of margin improvement.
- The company's Remaining Performance Obligations (RPOs) grew 2% sequentially to a record $355 million, with current RPOs increasing 5% sequentially to $141 million. Calix also generated $27 million in free cash flow and ended the quarter with record cash investments of $340 million.
- Calix provided higher guidance for Q4 2025 and expects sequential growth into 2026, projecting to be at the lower end of its 10-15% target financial model. Gross margin expansion for next year is anticipated to be at the lower end of the 100 to 200 basis points range.
- The company officially launched the Calix Agent workforce, integrating Magentic AI into its third-generation platform in partnership with Google Cloud, which is expected to accelerate customer growth and RPOs by enabling faster subscriber acquisition and service rollout.
Oct 30, 2025, 12:30 PM
Quarterly earnings call transcripts for CALIX.
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