Calix Reports 27% Revenue Growth to $279.98 Million, Achieves Net Income Turnaround

Calix, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $279.98 million for the three months ended March 28, 2026, a 27% increase from $220.24 million in the same period last year. The company's appliance segment saw a notable rise, generating $232.84 million, up 30% from $179.74 million, while software and service revenue increased by 16% to $47.14 million. This growth was attributed to the successful adoption of Calix's platform and managed services by new customers and the expansion of existing customer deployments.

The company also achieved a net income of $11.21 million, compared to a net loss of $4.79 million in the prior year, marking a significant turnaround in profitability. Gross profit increased to $159.30 million, reflecting a gross margin of 56.9%, up from 55.7% in the previous year. This improvement was primarily driven by higher revenue and a favorable product mix, although the gross margin for software and services declined due to the transition to a new platform.

Calix's operational metrics indicate a strong customer base, with approximately 1,600 active customers utilizing its broadband solutions. The company continues to focus on expanding its market presence, particularly in the U.S. and Canada, where it generated 95% of its revenue. International sales also grew, contributing 5% of total revenue, up from 4% in the previous year. The company is investing in its sales and marketing efforts, with operating expenses rising to $146.58 million, reflecting increased personnel costs and strategic initiatives to enhance customer engagement.

In terms of strategic developments, Calix has been actively repurchasing its common stock, with $170.9 million spent on buybacks during the quarter. The board has authorized an additional $100 million for the stock repurchase program, indicating a commitment to returning value to shareholders. The company also continues to invest in research and development, with R&D expenses increasing by 24% to $54.65 million, as it seeks to enhance its product offerings and maintain competitive advantages in the rapidly evolving technology landscape.

Looking ahead, Calix remains optimistic about its growth trajectory, emphasizing the importance of customer adoption of its platform and managed services. The company is navigating challenges such as supply chain constraints and market competition but believes that its strategic investments and focus on customer experience will drive future success. The management's outlook suggests confidence in achieving continued revenue growth and profitability as it leverages its innovative technologies and expands its market reach.