Calix (NYSE:CALX) Updates Q2 2026 Earnings Guidance

Calix (NYSE:CALX) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.350-0.450 for the period, compared to the consensus earnings per share 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 14.3%

CALX opened at $42.49 on Thursday. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 88.52 and a beta of 1.53. The company’s 50 day moving average is $50.77 and its 200 day moving average is $54.52. Calix has a 12-month low of $36.25 and a 12-month high of $71.22.

Calix (NYSE:CALX) last posted its quarterly earnings data on Tuesday, April 21st. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $279.98 million for the quarter, compared to the consensus estimate of $277.50 million. Calix had a net margin of 3.20% and a return on equity of 4.20%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Calix has set its Q2 2026 guidance at 0.350-0.450 EPS. As a group, analysts predict that Calix will post 0.87 EPS for the current fiscal year.

Calix declared that its board has initiated a share repurchase program on Wednesday, January 28th that allows the company to repurchase $125.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CALX shares. JPMorgan Chase & Co. dropped their price objective on shares of Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday. Craig Hallum set a $60.00 price objective on shares of Calix in a report on Friday, January 30th. Weiss Ratings raised shares of Calix from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday, February 23rd. Zacks Research downgraded shares of Calix from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Needham & Company LLC lowered their price target on shares of Calix from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.00.

Key Stories Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q1 beat and strong growth — Calix reported Q1 EPS $0.40 and revenue of $279.98M (up 27% Y/Y), beating estimates; management gave Q2 EPS guidance of $0.35–$0.45, above consensus. This is the primary catalyst lifting the stock. Article Title
• Positive Sentiment: Board increases buyback authorization by $100M — the company expanded its repurchase program, signaling management views shares as undervalued and supporting EPS/share over time. Article Title
• Positive Sentiment: Analyst support — Needham (Buy) reiterated conviction around the Calix One transition and long-term outlook; Rosenblatt reaffirmed Buy with a $70 PT, both providing favorable sell-side momentum. Article Title
• Neutral Sentiment: Investor Day scheduled — Calix announced an Investor Day at the NYSE to outline the next phase of its Calix One strategy; could provide longer-term clarity but is informational until new targets are given. Article Title
• Neutral Sentiment: Executive incentives granted — Calix issued long- and short-term performance rights to management (disclosed in Australian filings); typical for retention but may modestly dilute over time. Article Title
• Negative Sentiment: Margin pressure flagged on earnings call — management acknowledged margin compression despite top-line strength, which could cap near-term profitability multiple expansion. Article Title
• Negative Sentiment: Mixed analyst moves — Northland cut Calix from Outperform to Market Perform ($52 PT) and JPMorgan trimmed its PT from $70 to $65, creating some sell-side variability that can pressure sentiment. Article Title

Hedge Funds Weigh In On Calix

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Calix during the second quarter valued at approximately $30,000. Strive Financial Group LLC purchased a new position in Calix during the fourth quarter valued at approximately $40,000. NewEdge Advisors LLC purchased a new position in Calix during the third quarter valued at approximately $64,000. Smartleaf Asset Management LLC raised 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 valued at $64,000 after buying an additional 265 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Calix during the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

About Calix

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.