Calix (NYSE:CALX) Issues Q1 2026 Earnings Guidance

Calix (NYSE:CALX) updated its first quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.340-0.400 for the period, compared to the consensus estimate of 0.280. The company issued revenue guidance of $275.0 million-$281.0 million, compared to the consensus revenue estimate of $272.1 million.

Calix Stock Down 0.9%

Shares of CALX traded down $0.41 during trading hours on Friday, reaching $46.25. 335,367 shares of the company traded hands, compared to its average volume of 1,034,233. Calix has a 12 month low of $28.60 and a 12 month high of $71.22. The company’s fifty day moving average price is $54.55 and its two-hundred day moving average price is $57.71. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 183.87 and a beta of 1.55.

Calix (NYSE:CALX) last posted its quarterly earnings data on Wednesday, January 28th. The communications equipment provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Calix had a net margin of 1.79% and a return on equity of 2.36%. The business had revenue of $272.40 million for the quarter, compared to analyst estimates of $267.36 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Calix’s quarterly revenue was up 32.2% on a year-over-year basis. Calix has set its Q1 2026 guidance at 0.340-0.400 EPS. On average, analysts expect that Calix will post -0.43 EPS for the current year.

Calix declared that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

CALX has been the subject of several recent analyst reports. UBS Group restated an “outperform” rating and set a $75.00 target price on shares of Calix in a research report on Friday, October 31st. Roth Mkm set a $85.00 price target on shares of Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research raised Calix from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Craig Hallum reiterated a “buy” rating and issued a $75.00 price objective on shares of Calix in a report on Friday, October 31st. Finally, Needham & Company LLC reduced their target price on Calix from $82.00 to $70.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Calix has an average rating of “Moderate Buy” and an average target price of $80.00.

Insiders Place Their Bets

In related news, Director Carl Russo sold 420,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $64.09, for a total transaction of $26,917,800.00. Following the completion of the transaction, the director owned 1,694,188 shares of the company’s stock, valued at approximately $108,580,508.92. This trade represents a 19.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane Todd Marshall Eleniak sold 50,000 shares of Calix stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $65.34, for a total value of $3,267,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 520,000 shares of company stock valued at $33,449,800 over the last quarter. 16.90% of the stock is owned by insiders.

Calix News Summary

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 results: Calix reported revenue up ~32% YoY and beat consensus on revenue and EPS, underscoring strong demand. Read More.
• Positive Sentiment: Large addressable opportunity: Management outlined a $1B–$1.5B BEAD opportunity and reiterated plans for sustained revenue growth in 2026, supporting a long‑term growth story. Read More.
• Positive Sentiment: Share buyback: The board approved up to $125M in repurchases (about 3.4% of shares), which reduces float and signals management’s view that shares may be undervalued. Read More.
• Positive Sentiment: Analyst support: Zacks upgraded CALX to “strong‑buy” and firms like Rosenblatt have reiterated Buy ratings; a number of analysts hold elevated price targets, providing potential upside support. Read More. and Read More.
• Neutral Sentiment: Earnings call and disclosures: The company provided Q1 EPS guidance (0.34–0.40) and revenue guidance anchored to continued growth; investors are parsing the call transcript and presentation for margin and cadence details. Read More.
• Negative Sentiment: Guidance / forward tone disappointed some investors: Several outlets note that, despite an in‑line/beat quarter, commentary and guidance detail left the Street disappointed and triggered selling pressure. Read More.
• Negative Sentiment: Profitability signals under scrutiny: Some coverage highlighted softer operating‑profit and GAAP/earnings mix metrics discussed on the call, which may have amplified the negative reaction despite revenue strength. Read More.

Institutional Investors Weigh In On Calix

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Calix by 11.0% during the first quarter. Royal Bank of Canada now owns 28,022 shares of the communications equipment provider’s stock worth $993,000 after acquiring an additional 2,773 shares during the period. AQR Capital Management LLC raised its stake in shares of Calix by 304.1% during the 1st quarter. AQR Capital Management LLC now owns 44,874 shares of the communications equipment provider’s stock worth $1,538,000 after buying an additional 33,769 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Calix by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 176,328 shares of the communications equipment provider’s stock worth $6,249,000 after buying an additional 16,905 shares in the last quarter. Intech Investment Management LLC grew its stake in Calix by 26.8% in the 1st quarter. Intech Investment Management LLC now owns 32,923 shares of the communications equipment provider’s stock valued at $1,167,000 after acquiring an additional 6,962 shares during the last quarter. Finally, Amundi raised its position in Calix by 16,478.0% during the second quarter. Amundi now owns 9,781 shares of the communications equipment provider’s stock worth $518,000 after acquiring an additional 9,722 shares during the last quarter. Institutional investors and hedge funds 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.