Calix (NYSE:CALX) Issues Q3 2026 Earnings Guidance

Calix (NYSE:CALX) updated its third quarter 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.370-0.450 for the period, compared to the consensus earnings per share estimate of 0.420. The company issued revenue guidance of $301.0 million-$307.0 million, compared to the consensus revenue estimate of $301.8 million.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research upgraded Calix from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. dropped their target price on Calix from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of Calix from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 2nd. Northland Securities lowered shares of Calix from an “outperform” rating to a “market perform” rating and set a $52.00 price target for the company. in a research report on Wednesday, April 22nd. Finally, Needham & Company LLC decreased their price objective on shares of Calix from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Calix Trading Down 1.9%

Shares of Calix stock traded down $0.76 during trading hours on Monday, reaching $38.38. The stock had a trading volume of 1,751,348 shares, compared to its average volume of 1,102,206. The stock’s 50 day moving average is $38.71 and its 200 day moving average is $46.58. The firm has a market capitalization of $2.45 billion, a PE ratio of 79.96 and a beta of 1.23. Calix has a twelve month low of $34.86 and a twelve month high of $71.22.

Calix (NYSE:CALX) last posted its earnings results on Monday, July 20th. The communications equipment provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Calix had a return on equity of 4.30% and a net margin of 3.20%.The firm had revenue of $293.33 million for the quarter, compared to analysts’ expectations of $289.96 million. Calix has set its Q3 2026 guidance at 0.370-0.450 EPS. As a group, sell-side analysts predict that Calix will post 0.83 earnings per share for the current year.

Calix declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the communications equipment provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Carl Russo sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $43.26, for a total value of $1,081,500.00. Following the completion of the sale, the director directly owned 1,644,188 shares in the company, valued at $71,127,572.88. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 17.44% of the company’s stock.

Calix News Roundup

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Calix reported second-quarter EPS of $0.47, topping analysts’ $0.40 estimate, and revenue of $293.33 million, also above expectations. The beat suggests the company is still executing well operationally. Article Title
• Neutral Sentiment: The company also released its second-quarter 2026 financial results and said a conference call will follow, giving investors more detail on trends and management commentary. Article Title
• Neutral Sentiment: One commentary piece highlighted renewed debate around Calix’s AI-related growth story and valuation, which may be influencing sentiment but is not a direct company announcement. Article Title
• Negative Sentiment: Calix lowered the tone of its outlook by guiding third-quarter EPS to $0.37-$0.45, which brackets but does not exceed the $0.42 consensus midpoint, while revenue guidance of $301 million-$307 million is only slightly above estimates. Investors may see this as less impressive than the Q2 beat. Guidance update
• Negative Sentiment: Multiple law firms issued reminders about a securities class action tied to alleged misconduct during the January 28-April 21 class period, with a lead-plaintiff deadline of July 27. These legal headlines can add overhang and uncertainty for the stock. Article Title

Institutional Investors Weigh In On Calix

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in Calix by 79.5% in the 4th quarter. Pacer Advisors Inc. now owns 6,520 shares of the communications equipment provider’s stock worth $345,000 after acquiring an additional 2,888 shares in the last quarter. Invesco Ltd. lifted its holdings in Calix by 19.9% during the fourth quarter. Invesco Ltd. now owns 577,771 shares of the communications equipment provider’s stock valued at $30,581,000 after purchasing an additional 95,738 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of Calix in the fourth quarter valued at about $40,000. Vident Advisory LLC grew its position in shares of Calix by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,570 shares of the communications equipment provider’s stock valued at $559,000 after purchasing an additional 287 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of Calix by 45.2% during the fourth quarter. Mackenzie Financial Corp now owns 58,057 shares of the communications equipment provider’s stock worth $3,070,000 after purchasing an additional 18,084 shares in 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.