Calix (NYSE:CALX) Issues Q1 2026 Earnings Guidance

Calix (NYSE:CALX) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.340-0.400 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

CALX has been the topic of a number of recent research reports. Craig Hallum reaffirmed a “buy” rating and issued a $75.00 target price on shares of Calix in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Calix in a research note on Monday, December 29th. Roth Mkm set a $85.00 price objective on Calix and gave the stock a “buy” rating in a research report on Thursday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $85.00 target price on shares of Calix in a research report on Tuesday. Finally, UBS Group reaffirmed an “outperform” rating and set a $75.00 price target on shares of Calix in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Calix presently has an average rating of “Moderate Buy” and an average price target of $82.00.

Calix Stock Performance

CALX stock opened at $49.51 on Thursday. Calix has a 1 year low of $28.60 and a 1 year high of $71.22. The stock’s 50 day moving average price is $54.69 and its 200 day moving average price is $57.79. The firm has a market cap of $3.28 billion, a P/E ratio of -406.01 and a beta of 1.55.

Calix (NYSE:CALX) last announced its earnings results on Wednesday, October 29th. The communications equipment provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.10. Calix had a negative net margin of 0.78% and a negative return on equity of 0.69%. The firm had revenue of $265.44 million for the quarter, compared to analyst estimates of $246.21 million. During the same quarter last year, the business earned $0.13 earnings per share. Calix’s revenue was up 32.1% compared to the same quarter last year. On average, research analysts predict that Calix will post -0.43 earnings per share for the current year.

Calix declared that its board has approved a stock buyback plan on Wednesday, January 28th that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the communications equipment provider to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

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

Key Headlines Impacting Calix

Here are the key news stories impacting Calix this week:

• Positive Sentiment: Q4 results slightly beat consensus: Calix reported Q4 EPS of $0.39 and revenue of $272.4M, topping estimates and reflecting 32% YoY revenue growth. Article Title
• Positive Sentiment: Management raised Q1 FY2026 guidance: EPS $0.34–$0.40 (consensus ~$0.28) and revenue $275M–$281M (consensus ~$272M), signaling confidence in near-term demand and execution. Press Release
• Positive Sentiment: Board authorized a $125M share repurchase program (≈3.4% of shares outstanding), and the company framed the expansion as flexibility to support the stock — typically viewed as shareholder-friendly. RTT News
• Positive Sentiment: Rosenblatt reiterated a Buy and maintains a bullish $85 price target, providing analyst affirmation behind the growth story. Article Title
• Neutral Sentiment: Street attention and mixed market signals: coverage notes rising relative strength and multiple buy ratings/price targets (median targets well above current levels), which supports longer-term upside but keeps expectations high. Quiver Quant
• Negative Sentiment: Profitability and quality-of-earnings questions: while revenue and headline EPS beat, operating profit and net income metrics were weak year-over-year in some reports, and Calix still shows a negative net margin and low ROE — risks that can prompt profit-taking. Quiver Quant

Hedge Funds Weigh In On Calix

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Calix during the 2nd quarter worth $30,000. NewEdge Advisors LLC acquired a new position in shares of Calix during the third quarter worth about $64,000. Smartleaf Asset Management LLC boosted its position in shares of Calix by 27.0% in the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the communications equipment provider’s stock worth $64,000 after buying an additional 265 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of Calix in the third quarter valued at about $214,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Calix in the second quarter valued at about $220,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Calix Company Profile

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.