Calix Q2 FY26 net income returns to profit at $17.1 million; revenue rises 21% year over year to $293.3 million
CALX•Cash flow, buybacks and outlook
Free cash flow was USD 11.9 million; Calix repurchased 1,600,000 shares for USD 69.4 million during the quarter.
Q3 revenue is guided to USD 301 million to USD 307 million; non-GAAP gross margin is seen at 50.5% to 53.5%.
Q2 revenue and earnings return to profit
Calix posted Q2 2026 revenue of USD 293.3 million, up 5% sequentially and up 21% year over year; net income rose to USD 17.1 million.
Diluted EPS was USD 0.26; gross margin slipped 2.3 percentage points sequentially to 54.6% due to higher memory component costs.
Software and service revenue and backlog rise
Software and service revenue climbed to USD 50.5 million, up 7% sequentially and up 16% year over year; remaining performance obligations rose to USD 386.4 million, up 3% sequentially.
