Calix earnings date
Calix (CXA) Q3 2026 Earnings Report
DE:CXA Q3 2026 EPS Results
- Actual EPS
- EUR 0.40
- Consensus EPS
- EUR 0.38
- Beat/Miss
- Beat by +EUR 0.02
- One Year Ago EPS
- EUR 0.40
DE:CXA Q3 2026 Revenue Results
- Actual Revenue
- EUR 272.73M
- Expected Revenue
- EUR 275.00M
- Beat/Miss
- Missed by -EUR 2.27M
- YoY Revenue Growth
- +13.67%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/02/2026
- Time
- After Close
- Conference Call
- Monday, November 2, 2026
Calix's next earnings date is estimated for January 27, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was strongly optimistic, supported by record revenue, record software and service results, accelerating Calix One adoption, expanding AI capabilities, improving operating leverage, and guidance for 30% annual EPS growth. The main challenges were higher memory costs, a 220-basis-point sequential decline in appliance gross margin, ongoing supply chain uncertainty, and elevated inventory investment. Management nevertheless expressed confidence in demand, customer adoption, new-market expansion, and future productivity gains.
For the fourth quarter of 2026, Calix expects revenue to be between $311 million and $317 million, non-GAAP gross margin of 52.25%-54.75%, non-GAAP operating expenses of $129.5 million-$131.5 million, and non-GAAP EPS of $0.41-$0.49; at the midpoint, 2026 non-GAAP EPS is $1.76, representing annual EPS growth of 30%, compared to revenue growth of 19%. Excluding the fourth quarter bump due to ConneXions, OpEx as a percentage of revenue is expected to drift downward to 40% and below, the long-term financial target is 15% annual growth, software and service gross margin of 70% is inside that 2027 envelope, R&D budget is expected to be flat in 2027 while delivering 1,400 capabilities versus about 1,300 in 2026 and 2025, and the company outlined a goal to grow OpEx at half the rate of revenue growth in 2028 while looking to accelerate that into 2027; appliance margins are expected to stabilize at these levels and could go up or down as we move into 2027.
- Record Revenue and Strong Year-over-Year GrowthThird-quarter revenue reached a record $302 million, up 3% sequentially and 14% year-over-year. Management said the end-of-year forecast is expected to reach 19% year-over-year revenue growth at the midpoint, with OpEx leverage beginning.
- Record Software and Services PerformanceSoftware and service revenue reached a record $52 million, up 3% sequentially and 19% year-over-year, as customers continued to win new subscribers and take market share.
- Strong Calix One Contract Momentum and RPO GrowthCalix One contracts signed in the third quarter more than doubled from the prior quarter. RPO reached a record $396 million, up 2% sequentially and 12% year-over-year. Excluding the company's change to remove contracts with durations of one year or less, software and services RPO would have grown 4% sequentially and 13% year-over-year; $6 million of software and service contracts was excluded from the reported figure.
- Record Software and Service Gross MarginNon-GAAP software and service gross margin reached a record 67.2%, increasing 340 basis points sequentially, driven by subscriber growth and continued optimization of the third-generation platform. Management said 70% software and service gross margin is on the horizon within the 2027 envelope.
- Demonstrated Platform Benefits at ALLOThe Calix platform at ALLO was cited as yielding 40% lower truck rolls, a 60-point higher net promoter score, and support from 25 IT personnel versus 400 at the customer's prior multi-vendor broadband provider.
- Expansion of AI Platform and Specialized ModelsCalix One has been deployed since March, Calix Agent Workforce is rolling out, and the company released the Calix Communications Language Model and Calix Gems. Management said the architecture is designed to deliver communication-specific intelligence across the cloud, network, and subscriber premise, including specialized capabilities for security and Wi-Fi management.
- Customer Adoption and AI Engagement MomentumManagement said customers began committing to Calix's AI strategy in the third quarter, with early workflows beginning to roll out in August. Nearly 3,000 people attended ConneXions, which management described as the company's best event, and Calix said it serves approximately 1,000 service providers.
- Tier 1 and International Engagement ProgressTwo large North American tier 1 engagements were described as progressing at a very rapid rate. International engagements started in 2026 were characterized as having 18-to-24- or 36-month life cycles, with business wins expected in 2027 and revenue potentially building through late 2027 and into 2028.
- Expansion into prplOS, MDU, MSP, and Hospitality MarketsSmartLife products are now available in a prplOS container, with the full EXOS operating system expected to become prplOS certified in early 2027. Calix also plans further SmartMDU releases, expansion into managed service providers serving apartment buildings and multi-dwelling units, and expansion into hospitality.
- Operating Discipline and Internal AI Productivity GainsThird-quarter non-GAAP OpEx was $124 million, or 41% of revenue, down from 42% of revenue in the prior quarter. Management cited early productivity gains from human-centric AI investments and said an R&D function scoped at 15 man-months was completed in three. The company expects to deliver approximately 1,400 capabilities in 2027 versus approximately 1,300 capabilities delivered across 2025 and 2026, while keeping the 2027 R&D budget flat.
- Strong Balance Sheet and Share RepurchasesCalix ended the quarter with $155 million in cash and investments after deploying $50 million to repurchase 1.4 million shares. After quarter end, the company increased its share repurchase authorization by $100 million, in addition to the $44 million remaining at quarter end.
- Healthy Collections and Inventory AvailabilityDSO was 38 days and inventory turns were 2.8, reflecting improved collections and deliberate inventory investments to support customer demand and product availability.
- Positive Fourth-Quarter and Full-Year EPS OutlookFourth-quarter revenue guidance is $311 million to $317 million, non-GAAP gross margin guidance is 52.25% to 54.75%, non-GAAP OpEx guidance is $129.5 million to $131.5 million, and non-GAAP EPS guidance is $0.41 to $0.49. At the midpoint, 2026 non-GAAP EPS is expected to be $1.76, representing 30% annual EPS growth compared with 19% revenue growth.
- Expected Free Cash Flow ImprovementManagement said the company is unlikely to need the same level of inventory commitment in 2027 as in 2026 and expects free cash flow to improve year-over-year. It also said free cash flow generation will accelerate when inventory investments reverse.
DE:CXA Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Jan 27, 2027 | 2026 (Q4) | 0.41- | 0.35 | ― | ― |
| Nov 02, 2026 | 2026 (Q3) | 0.380.40 | 0.4 | 0.00% (+0.00) | |
| Apr 21, 2026 | 2026 (Q1) | 0.340.36 | 0.17 | 110.53% (+0.19) | |
| Jan 28, 2026 | 2025 (Q4) | 0.350.35 | 0.07 | 387.50% (+0.28) | |
| Jan 28, 2026 | 2026 (Q2) | 0.370.42 | 0.3 | 42.42% (+0.13) | |
| Oct 29, 2025 | 2025 (Q3) | 0.310.40 | 0.12 | 238.46% (+0.28) | |
| Jul 21, 2025 | 2025 (Q2) | 0.190.30 | 0.08 | 266.67% (+0.22) | |
| Apr 21, 2025 | 2025 (Q1) | 0.120.17 | 0.19 | -9.52% (-0.02) | |
| Jan 29, 2025 | 2024 (Q4) | 0.070.07 | 0.39 | -81.40% (-0.32) | |
| Oct 28, 2024 | 2024 (Q3) | 0.080.12 | 0.41 | -71.11% (-0.29) |
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.
