Monitor next quarter's RPOs and gross margin for signs of recovery post-migration; the significant share repurchase signals strong confidence in future cash flows.
Price Chart
Executive Summary
Calix reported strong Q1 2026 results with record $280M revenue (3% sequential, 27% YoY growth) and non-GAAP EPS of $0.40, beating consensus of $0.37. The company successfully migrated all customers to its AI-native Calix One platform and guided to continued sequential growth, underscoring sustained demand. However, RPOs declined sequentially due to the migration, and the company announced a significant $171M share repurchase.
Key Financial Metrics
Key Facts
- Record revenue of $280M, up 3% sequentially and 27% YoY
- Non-GAAP EPS of $0.40, beating consensus of $0.37
- Successfully migrated all customers to AI-native Calix One platform
- Guided to continued sequential revenue growth
- RPOs declined $8.7M sequentially to $376.3M due to migration focus
- Returned $171M to shareholders via share repurchases
Financial Impact
Revenue beat by $2.5M, EPS beat by $0.03
Risk Factors
- Sequential decline in RPOs
- Increased memory component costs impacting future margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001406666-26-000017 |
| Exhibit: ex991pressrelease26q1.htm | 0001406666-26-000017 |
| Document: calx-20260421.htm | 0001406666-26-000017 |
| Document: 0001406666-26-000017-index-headers.html | 0001406666-26-000017 |
| Document: 0001406666-26-000017-index.html | 0001406666-26-000017 |
| Document: 0001406666-26-000017.txt | 0001406666-26-000017 |
| 8-K Data (Synthetic) | 0001406666-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $36.91 | awaiting T+60 | — | $38.45 (+4.17%) |
Oct 8, 2026 18d ago | 8-K | $37.24 | awaiting T+60 | — | $38.45 (+3.25%) |
Jul 20, 2026 14w ago | 8-K | $37.47 $36.31 | ▼ −3.10% | ▼ −7.07% | $38.45 (+2.62%) |
Apr 21, 2026 26w ago | 8-K | $42.65 $39.14 | ▼ −8.23% | ▼ −13.01% | $38.45 (−9.85%) |
Apr 21, 2026 26w ago | 8-K | $42.65 $39.14 | ▼ −8.23% | ▼ −13.01% | $38.45 (−9.85%) |
Mar 27, 2026 30w ago | DEFA14A | $49.40 $35.20 | ▼ −28.74% | ▼ −45.24% | $38.45 (−22.17%) |
US Market Status
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