Calix Reports Q3 Earnings Beat on EPS with Revenue Growth and Increased Share Repurchase Authorization
Calix (CALX) reported third-quarter financial results featuring a non-GAAP earnings per share of $0.44, which exceeded analyst expectations by $0.03. While the company saw significant year-over-year revenue growth of 13.7% to reach $301.71 million, this figure slightly missed consensus estimates by approximately $2.39 million. In a move signaling confidence in its long-term value, Calix increased its stock repurchase authorization by $100 million. This brings the total remaining repurchase capacity to $144 million as of October 2026. The mixed results reflect strong operational profitability alongside slightly softer top-line performance than anticipated.
Tickers: $CALX
Topics: earnings beat non-GAAP EPS revenue miss stock buyback