Q2 Earnings Beat

Calix, Inc. released its Q2 2026 earnings on July 20, reporting revenue of $293.3 million—up 21 % year‑over‑year and 5 % sequentially. Appliance revenue climbed to $242.8 million from $198.1 million, while software and services generated a record $50.5 million. GAAP net income reached $17.1 million ($0.26 EPS), beating the Zacks consensus by $0.07 EPS; overall net income $31 million, and non‑GAAP net income $30.6 million ($0.47 EPS) vs $22.2 million ($0.33 EPS) YoY. Gross profit of $160.8 million delivered a 54.8 % margin, down from 56.8 % last year. Operating cash flow fell to $16.5 million from $39.4 million, with free cash flow around $12 million; the company repurchased 1.6 million shares for $69 million. The company highlighted AI‑enabled services investment and focused on improving gross margin via component cost optimization, reaffirming a 15% revenue growth target for 2027 and 2028 ahead.