Calix, Inc CALX

33.14 (0.13) (0.39%) as of 25 Sep
Market cap
$2.1B
P/E
41.9×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 59.38
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 2 4 — — 1 — 1 — — 1 — —
Insider Ownership 10.32%

Capital & Financial Ratios

Market Cap 2,090.00
Revenue 1,111.20
Net Income 51.19
Free Cash Flow 85.42
Net Debt (194.30)
Current Ratio 2.83
Debt/Equity 0.00
P/E ratio 41.95
P/S ratio 1.89
P/B ratio 2.96
Past 5Y EPS Growth (7.01%)
This Y EPS Growth 28.44%
Next Y EPS Growth 33.84%
Next 5Y EPS Growth 35.63%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 220 297 388 194
Receivables 126 79 99 136
Inventory 133 103 134 180
Other — — — —
598 585 692 595
2023 2024 2025 Q'26
Payables 35 20 42 93
ST’ Debt — — — —
Other — — — —
188 131 163 210
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 9.39% 13.06% 4.84%
Cash Flow 0.00% 21.29% 70.59%
Earnings 0.00% (11.79%) (24.17%)
Book Value 13.80% 25.11% 8.13%

Revenue

Mar Jun Sep Dec Year
’26 280 293 — — —
’25 220 242 265 272 1,000
’24 226 198 201 206 832
’23 250 261 264 265 1,040
’22 185 202 236 245 868
’21 162 169 172 176 679
’20 102 119 151 170 541
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 15 17 — — —
’25 17 39 32 46 135
’24 15 22 16 15 68
’23 8 17 16 15 56
’22 7 7 7 6 27
’21 10 23 11 13 57
’20 1 3 17 30 51
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 7 12 — — —
’25 13 36 27 40 116
’24 11 16 13 10 50
’23 3 12 12 11 38
’22 4 4 3 1 13
’21 8 22 7 9 46
’20 0 0 16 28 44
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.16 0.26 — — —
’25 (0.07) 0.00 0.22 0.10 0.26
’24 0.00 (0.12) (0.06) (0.27) (0.45)
’23 0.14 0.13 0.24 (0.09) 0.46
’22 0.12 0.11 0.19 0.17 0.60
’21 0.31 0.30 2.61 0.29 3.51
’20 (0.12) (0.07) 0.32 0.37 0.54
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.2
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
5.64 4.65 5.55 5.60 5.61 28.58 31.59 31.95 26.76 28.61

Analyst estimates 2026–2028

Powerpack
Low Price
8.20 7.76 10.75 11.30 33.05 80.95 80.63 71.59 45.15 71.22
High Price
1,109 1,031 802 763 785 954 1,426 1,760 1,820 1,921
Employees
0 0 1 1 1 1 1 1 0 1
Revenue/Emp
459 510 441 424 541 679 868 1,040 832 1,000
Revenue
43.86% 33.88% 44.73% 44.29% 49.33% 52.49% 50.17% 49.86% 54.55% 56.83%
Gross Margin
(27) (82) (19) (17) 34 73 54 35 (32) 34
EBT
(5.90%) (16.03%) (4.25%) (3.90%) 6.33% 10.69% 6.23% 3.34% (3.81%) 3.42%
EBT Margin
(27) (83) (19) (18) 33 238 41 29 (30) 18
Net Income
15 11 9 10 14 15 14 17 20 18
Depreciation
9.41 10.18 8.39 7.72 9.16 10.74 13.34 15.76 12.62 15.14
Revenue/Sh
(0.56) (1.66) (0.37) (0.32) 0.57 3.77 0.63 0.48 (0.45) 0.27
Earnings/Sh
0.50 (1.25) 0.07 0.08 0.87 0.90 0.42 0.85 1.04 2.04
Cash Flow/Sh
(0.20) (0.16) (0.20) (0.24) (0.13) (0.17) (0.22) (0.27) (0.27) (0.29)
Capex/Sh
0.30 (1.41) (0.13) (0.16) 0.74 0.73 0.20 0.58 0.76 1.75
Free CF/Sh
4.37 2.89 2.89 2.80 4.75 8.98 10.45 10.90 11.85 13.01
Book Value/Sh
49 50 53 55 59 63 65 66 66 66
Shares
0.00 0.00 0.00 0.00 55.11 21.33 106.64 97.26 0.00 191.15
PE Ratio
0.81 0.57 1.16 1.04 3.25 7.45 5.12 2.79 2.76 3.50
PS Ratio
1.74 2.01 3.38 2.86 6.27 8.90 6.53 4.03 2.94 4.07
PB Ratio
0.64 0.55 1.12 1.03 3.04 7.18 4.86 2.59 2.43 3.12
EV/Sales
20.04 (3.97) (71.75) (50.22) 37.69 105.26 321.60 70.22 40.06 27.04
EV/FCF
24 (63) 4 5 51 57 27 56 68 135
Op' Cash Flow
(10) (8) (10) (13) (8) (10) (14) (18) (18) (19)
Capex
15 (71) (7) (9) 44 46 13 38 50 116
FCF
98 34 31 28 166 281 382 410 454 528
Working Cap'
— 30 30 30 6 8 11 — — —
Total Debt
(78) (10) (20) (17) (128) (196) (231) (220) (297) (388)
Net Debt
213 145 152 154 280 568 680 719 781 859
Sh' Equity
(8.07%) (25.53%) (6.30%) (5.58%) 9.00% 40.77% 5.04% 3.21% (3.16%) 1.79%
ROA
(13.03%) (37.70%) (8.79%) (7.05%) 15.11% 12.41% 7.32% 3.21% (5.56%) 2.78%
ROIC
(12.21%) (46.40%) (13.00%) (11.57%) 15.42% 56.17% 6.57% 4.19% (3.97%) 2.18%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Calix, Inc peers in Software Infrastructure

All 173 Software Infrastructure stocks →

Calix, Inc (CALX) key facts

  • Calix, Inc (CALX) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
  • Calix, Inc’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 20.3% from fiscal 2024.
  • Net income was $17.9 million, or $0.27 per share (basic), a net margin of 1.79%.
  • As of September 25, 2026, CALX traded at $33.14, a market capitalization of $2.1 billion.
  • At that price the stock trades at 41.9× trailing-twelve-month earnings and 1.9× sales.
  • Return on equity was 2.18% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Calix, Inc (CALX) Latest News

News by impact score

Fine-tune

24 Sep

3

Chariton Valley Telephone adopts Calix Agent Workforce Cloud on the AI-native Calix One platform, expanding a 15-year partnership to scale secure agentic workflows. The Missouri cooperative says the move builds on a prior reduction in OPEX of nearly $500,000 year-to-date, supports 88 Net Promoter Score, and accelerates subscriber activation by 80 percent while cutting mean time to repair by more than three hours in two years. About 65% of service tickets are resolved remotely, enabling faster network expansions and growth across residential, business, and community markets. The deployment reinforces Chariton Valley’s emphasis on high-touch, locally trusted service, community engagement via programs like Co-ops in Action, and SmartHome/SmartBiz/SmartTown offerings. Calix notes Chariton Valley’s ongoing net uplift in efficiency and customer experience as it broadens fiber and competitive differentiation in rural markets. Single-cooperative deployment shows positive client outcomes but limited near-term revenue impact.

17 Sep

3

Calix Agent Workforce Cloud expands workflows to increase ARPU, resolve service disruptions, and improve efficiency across service provider operations. Workflow expansion targets ARPU growth and operational efficiency for moderate business effects.

29 Aug

3

Calix (CALX) latest news raises questions on whether it will produce gains or losses for the company. News prompts evaluation of moderate effects on Calix operations and market view.

27 Aug

3

Calix partners with Tantalus Systems to leverage fiber networks for AMI deployments targeting utility markets. Partnership targets utility AMI expansion for Calix fiber solutions with moderate positioning gains.

13 Aug

4

Calix extends its platform beyond broadband to enable secure grid monitoring for critical utility infrastructure. Entry into utility grid monitoring marks a major strategic expansion that could significantly shift Calix's growth trajectory.

12 Aug

3

Calix expands SmartHome with ScamWatchIQ and ScamPRO to protect subscribers from fraud and identity theft, enabling service providers to increase loyalty and ARPU. Platform expansion adds fraud protection tools that may support ARPU growth but represents incremental product enhancement rather than core trajectory shift.

5 Aug

3

RTC Networks invests in Calix agent workforce to cut churn 46% and advance 5-year growth strategy. Expanded RTC Networks partnership signals added Calix revenue and retention gains but remains a single customer development.

23 Jul

4

Calix reports record earnings with 2026 guidance, indicating the stock could be 46% undervalued. Record earnings and 2026 guidance signal major positive shifts in financial performance and investor outlook.

3

Calix secures three new provider deployments to expand rural AI broadband reach. New deployments broaden rural market access and support incremental revenue growth.

3

Conexon Connect selects Calix Agent Workforce Cloud to raise its 79 NPS score and expand go-to-market operations. New customer deployment of Calix cloud tools supports moderate gains in service adoption and market expansion.

22 Jul

3

Calix posts record Q2 software gains while facing ongoing margin pressures, driving investor reactions to the results. Record software gains offset by persistent margin pressures create moderate effects on Calix financial performance and near-term market sentiment.

21 Jul

4 transcript

Calix Inc reported record Q2 2026 revenue during its earnings call and outlined ongoing strategic growth initiatives. Record revenue combined with strategic growth plans signals major positive shifts in financial trajectory and investor outlook.

4

Calix advances AI broadband strategy signaling future directions for fiber networks. Calix AI broadband strategy marks major positioning in fiber network evolution with direct effects on long-term growth.

4

Calix Q2 earnings call highlights cover financial results, operational updates and forward guidance for the company. Earnings highlights deliver financial metrics and outlook that shift investor views and share price.

3

Calix, Inc. (CALX) stock declined after a Q3 memory cost warning, yet analysts view the resulting dip as a buying opportunity. Q3 cost warning signals margin pressure but analyst buy ratings limit expected long-term trajectory shift.

3

Calix reports strong earnings growth, raising questions on whether CALX stock represents a buy opportunity or a potential value trap amid ongoing market evaluation. Post-earnings analysis may moderately shift investor views on Calix valuation and near-term trajectory.

3

Calix encounters margin pressures amid AI broadband expansion affecting its stock outlook. AI broadband growth paired with margin pressures may moderately influence Calix financial performance and positioning.

3

Calix, Inc. released its Q2 2026 earnings call summary covering financial results, operational updates and forward outlook. Earnings call summary discloses quarterly results and guidance that can move near-term stock sentiment but rarely shifts long-term strategy.

3

Calix beat Q2 earnings estimates driven by healthy revenue growth. Q2 earnings beat signals positive financial results with limited long-term strategic impact.

20 Jul

3

Calix (CALX) beat analyst estimates for both Q2 earnings and revenue. Beating quarterly estimates offers a modest positive signal for near-term financial results and sentiment.

3

Calix, Inc. (CALX) released second quarter 2026 financial results. Quarterly earnings release can moderately shift near-term investor views and share price.

16 Jul

3

CBS selects AI-Native Calix One platform to transform operations for 8 rural cooperatives across residential, business, and multifamily properties. Contract win expands Calix AI platform deployments in rural markets and supports moderate revenue and positioning gains.

15 Jul

3

Tombigbee invests in secure agentic workflows on Calix One to enable teams to personalize engagement at scale. Tombigbee investment signals Calix One adoption with moderate revenue and positioning effects.

8 Jul

3

Calix secures new customer for its AI platform to drive growth. New AI platform customer may moderately boost Calix financial performance and competitive position.

7 Jul

3

GVT selects AI-Native Calix One to build on 8% ARPU gains and transform go-to-market strategy. GVT adoption of Calix One signals expanded platform use and revenue upside for Calix.

2 Jul

4

Calix expands SmartMDU as service providers deepen Calix One adoption. Product expansion tied to rising adoption indicates major positive shift in growth trajectory.

3

Calix expands SmartMDU solutions and drives Calix One adoption, creating growth opportunities for shareholders. SmartMDU expansion plus Calix One adoption signals moderate product growth that can lift performance.

1 Jul

3

Alaska Communications achieved 193% SmartBiz adoption growth and won a competitive multi-dwelling unit contract using SmartMDU on Calix One. Customer adoption metrics and contract wins demonstrate expanding use of Calix SmartBiz and SmartMDU solutions.

3

Calix launches SmartMDU Platform capabilities to monetize premium connectivity. New platform capabilities enable additional revenue from premium services in multi-dwelling units.

25 Jun

3

VNET Fiber invests in Secure Agentic AI with Calix One to extend an 87 NPS advantage and expand into MDU. VNET Fiber's adoption of Calix One for AI and MDU expansion directly increases Calix platform usage and competitive differentiation.

stockrow.com/CALX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com