Calix, Inc. Q2 2026 Financial Results

Calix, Inc. reported record revenue of $293.3 million for the second quarter of 2026, a 5% sequential and 21% year-over-year increase. Software and service revenue also reached a record $50.5 million, up 7% sequentially and 16% year-over-year. The company added 14 new Service Provider customers and saw a threefold increase in Calix One contracts. Remaining performance obligations (RPOs) were a record $386.4 million, up 3% sequentially and 11% year-over-year. GAAP operating expenses decreased sequentially by $8.3 million to $138.3 million, and non-GAAP operating expenses decreased by $4.7 million to $122.2 million. Free cash flow generated was $11.9 million. The company repurchased $69.4 million of its stock. For the third quarter of 2026, Calix guided revenue between $301 million and $307 million. The company anticipates full-year 2026 revenue to be at the higher end of its 15% to 20% growth expectations.