CALX
Calix, Inc.54.18
+0.19+0.35%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Growth outlook firms; upmarket strategy detailed.
Q&A lifted 2026 growth confidence to mid-to-high end of 10-15% ex-BEAD, away from last quarter's low-end path. Management unpacked Tier 1 beachheads—MDU/business, networking automation, subscriber wins, Agentic frameworks—plus Mobile World Congress keynote and Google Cloud tie-up for international push, untapped in models. Agent Workforce monetizes H2 '26 via RPO, with software margins exceeding 70% post-dual-cloud. BEAD's $1-1.5B not fully additive amid crew shifts. No beachheads yet. Watch Investor Day details. Punchy: Upmarket traction builds slowly.
Key Stats
Market Cap
3.59BP/E (TTM)
-Basic EPS (TTM)
-0.12Dividend Yield
0%Recent Filings
10-K
FY2025 results
Calix posted FY2025 revenue of $1.00B, up 20% y/y, with appliances surging 19% to $826M on new customer wins and existing base expansion, while software/services jumped 27% to $174M as CXPs added subscribers. Gross margin expanded to 56.8% from 54.6%, fueled by platform adoption; operating income flipped to $21M profit. Q4 closed strong with $298K stock repurchases at ~$56/share average, leaving $109M authorized (boosted $125M in Jan 2026). Cash hit $388M. Supply chain constraints threaten quarterly momentum.
8-K
Calix ups buyback by $125M
Calix boosted its stock repurchase authorization by $125 million on January 27, 2026, lifting the total program to $425 million from $109.3 million remaining at year-end 2025. Repurchases will flex with market conditions and capital strategy, yet carry no purchase obligation. Board discretion allows suspension anytime.
8-K
Q4 revenue $272M, records set
Calix smashed Q4 2025 records with $272M revenue, up 32% year-over-year and 3% sequentially, hitting 58% non-GAAP gross margin—its eighth straight quarter of gains—while full-year revenue reached $1B, up 20%. RPOs swelled 18% to $385M on platform adoption; free cash flow hit $40M. Q1 2026 guides $275M-$281M revenue. Dual cloud costs pinch margins short-term.
8-K
Calix names Durocher COO
Calix appointed John Durocher as COO effective November 16, 2025, promoting him from chief customer officer where he scaled operations since 2023. Jonathan Lindsell steps in as chief customer officer. This internal shift bolsters scalable systems and AI initiatives amid industry transformation. Leadership aligns operations with customer success.
10-Q
Q3 FY2025 results
Calix swung to $265.4M revenue in Q3 ended September 27, 2025, up 32% y/y from $200.9M while gross margin expanded to 57.3% from 54.8% on platform and services mix. Operating income hit $17.4M versus prior loss, diluted EPS $0.22 (reconciles to 69.8M shares), fueled by small-customer gains and U.S. sales at 94%. Cash flow from operations reached $88.9M YTD; cash and equivalents stood at $95.0M, plus $244.6M marketable securities—no debt. Repurchased $77.0M stock YTD. Tariffs on Asian imports threaten costs.
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