Earnings Data
Report Date
Jul 20, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.26Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational execution and product milestones (record revenue, platform migration completion, Google Cloud launch, rising current RPOs, and upgraded full-year revenue guidance) that underpin a positive growth outlook. However, material margin headwinds from higher memory costs, a temporary dual-cloud cost penalty, modest free cash flow in the quarter, and limited disclosure on Tier 1 cloud customer traction are near-term risks. Management has concrete mitigation actions (surcharges, inventory investments, and expected margin recovery as dual-cloud costs abate) and reiterated confidence in returning to target expense levels by year-end. On balance, the strategic advances and upgraded revenue guidance materially outweigh the near-term margin and visibility challenges.Company Guidance
Record Revenue
Calix reported record non-GAAP revenue of $280 million in Q1 2026, a sequential increase of 3% driven by strong platform demand.
Raised Full-Year Revenue Outlook
Company raised FY 2026 revenue guidance to 15%–20% growth (previously 10%–15%), and Q2 revenue guidance of $287–$293 million representing ~4% sequential growth at the midpoint.
RPO and Current RPO Strength
Remaining performance obligations (RPOs) were $376 million (down 2% sequential, up 11% YoY). Current RPOs were a record $157 million, up 3% sequential and 22% year-over-year, with expectation of reacceleration in H2 2026.
Platform Migration and Cloud Launch
Completed migration of all existing customers to the third-generation Calix platform and launched on Google Cloud; over 1,200 customers loaded onto the AI-native Calix One platform, enabling expanded capabilities and markets.
Gross Margin Improvement Year-over-Year
Non-GAAP gross margin was 57.2% in Q1, an increase of 100 basis points year-over-year despite sequential headwinds from migration costs.
Shareholder Returns and Strong Liquidity
Generated $7 million of free cash flow in Q1, repurchased $171 million of stock (3.3 million shares at $51.34 average), and the Board authorized an additional $100 million for buybacks. Cash and investments finished at $243 million.
Operational Metrics and Supply Actions
DSO was 36 days and inventory turns remained steady at 3; company invested in inventory to support demand and supply continuity amid component constraints.
Execution and Investor Engagement
Management emphasized successful execution on migration, progress on AI-native features in Calix One, and scheduled Investor Day to provide roadmap and targets for growth, profitability and cash flow.
CH:CXA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does Calix Inc (CH:CXA) report earnings?
Calix Inc (CH:CXA) is schdueled to report earning on Jul 20, 2026, After Close (Confirmed).
What is Calix Inc (CH:CXA) earnings time?
Calix Inc (CH:CXA) earnings time is at Jul 20, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Calix Inc stock?
The P/E ratio of Calix is N/A.
What is CH:CXA EPS forecast?
CH:CXA EPS forecast for the fiscal quarter 2026 (Q2) is 0.33.
