CALIX, INC reported results for the second quarter of fiscal 2026, with revenue of $293.3M, net income of $17.1M and diluted EPS of $0.26, marking a year‑over‑year revenue increase and a return to profitability versus the year‑ago quarter.
Financial Highlights
- Revenue: $293.3M for Q2 2026, up from $241.9M in the year‑ago quarter (21% YoY).
- Net income: $17.1M for Q2 2026, versus $(0.2)M in the year‑ago quarter (turnaround to profit).
- Diluted EPS: $0.26 for Q2 2026, versus $(0.00) in the year‑ago quarter (improved YoY).
Business Highlights
- Revenue growth was driven by appliance sales (up 23% in Q2) and software and services (up 16%), contributing to a 24% year‑to‑date increase.
- Sales mix shifted toward the U.S., which represented 95% of revenue; one customer accounted for 12% of Q2 revenue.
- Platform adoption accelerated with new customer additions and expanded footprints from legacy vendors as CALIX transitions customers to its third‑generation platform.
- Dual‑cloud migrations and the rollout of the next‑gen platform affected service margins during the transition period.
- Management is investing in R&D and increasing sales headcount to accelerate AI capabilities and support planned international expansion.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.