Calix (NYSE:CALX) Updates Q2 2026 Earnings Guidance

Calix (NYSE:CALX) updated its second quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.350-0.450 for the period, compared to the consensus EPS estimate of 0.330. The company issued revenue guidance of $287.0 million-$293.0 million, compared to the consensus revenue estimate of $281.7 million.

Calix Trading Down 11.9%

Shares of Calix stock opened at $43.66 on Wednesday. The business has a 50-day moving average price of $50.97 and a two-hundred day moving average price of $54.60. Calix has a 1-year low of $36.25 and a 1-year high of $71.22. The company has a market cap of $2.82 billion, a P/E ratio of 174.81 and a beta of 1.53.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03. Calix had a return on equity of 2.31% and a net margin of 1.79%.The firm had revenue of $279.98 million during the quarter, compared to analyst estimates of $277.50 million. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 27.2% on a year-over-year basis. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. Equities research analysts forecast that Calix will post 0.87 EPS for the current fiscal year.

Calix announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 28th that authorizes the company to buyback $125.00 million in shares. This buyback authorization authorizes the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CALX. Zacks Research lowered shares of Calix from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Weiss Ratings upgraded shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. decreased their price target on shares of Calix from $90.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Needham & Company LLC dropped their price objective on shares of Calix from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, Craig Hallum set a $60.00 price objective on shares of Calix in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Calix presently has a consensus rating of “Moderate Buy” and an average target price of $68.86.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 2026 results beat estimates: Calix reported $0.40 EPS and ~$280M revenue (revenue +27% YoY) and issued stronger Q2 guidance (EPS $0.35–$0.45 vs. consensus ~$0.33) and raised FY revenue expectations (~$1.2B vs. ~$1.1B consensus), underscoring continued top-line momentum. Calix Releases First-Quarter 2026 Financial Results
• Positive Sentiment: Board expanded buyback: management authorized an additional $100M repurchase (roughly 3% of outstanding shares), a capital-return move that typically supports shares and signals management confidence in valuation. Calix Increases Stock Repurchase Authorization
• Positive Sentiment: Investor engagement: Calix will host Investor Day at the NYSE to outline its next phase and strategy around Calix One, which provides a forum to reinforce growth visibility with investors. Investor Day announcement
• Positive Sentiment: Analyst reaffirmation: Rosenblatt reiterated a “buy” and set a $70 price target, signaling bullish analyst conviction and upside vs. recent levels. Rosenblatt rating / TickerReport
• Neutral Sentiment: Earnings call and transcripts are available (detailed management commentary and investor Q&A could shape near-term sentiment as investors parse guidance and margin outlook). Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Some PR items in the tape (NY Stock Exchange pre-market content) are unrelated to Calix fundamentals and unlikely to move the stock materially. NYSE Content Update
• Neutral Sentiment: Company-related equity grants reported for Calix Limited (Australian entity) — executive long- and short-term incentive rights were issued; such grants can be seen as routine compensation actions but may modestly increase dilution over time. TipRanks: Grants to management
• Negative Sentiment: Analyst downgrade: Northland lowered its rating from “outperform” to “market perform” and trimmed its target to $52, creating near-term selling pressure from differing analyst views on valuation and near-term execution.

Institutional Trading of Calix

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in Calix during the second quarter worth $30,000. Strive Financial Group LLC acquired a new position in shares of Calix during the fourth quarter valued at about $40,000. NewEdge Advisors LLC bought a new stake in shares of Calix during the third quarter worth about $64,000. Smartleaf Asset Management LLC increased its position in shares of Calix by 27.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after acquiring an additional 265 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Calix in the 4th quarter worth about $67,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Calix Company Profile

Calix, Inc is a provider of cloud and software platforms, systems, and services that enable broadband service providers to transform their networks and subscriber experiences. The company’s flagship Calix Cloud platform delivers real-time analytics, automation and intelligence designed to simplify network operations, improve service agility and drive revenue growth. Calix also offers a comprehensive suite of premises and access systems, including broadband access nodes, fiber-to-the-home optics and residential gateways under the GigaSpire brand.

Through its software-defined network architecture, Calix helps service providers virtualize key network functions and introduce new services with minimal capital expenditure.