Calix Reports Q3 2026 Record Revenue Growth and Software Margin Expansion
Calix (CALX) reported strong third-quarter 2026 financial results, highlighted by a 14% year-over-year revenue increase to $302 million. The company saw significant momentum in its software and services segment, which grew 19% to $52 million, achieving record non-GAAP gross margins of 67.2%. This growth was driven by increased subscriber adoption and the successful transition to the Calix One platform. Despite these successes, management noted headwinds regarding component costs, specifically in memory, which led to a sequential decline in appliance gross margins. Looking ahead, Calix provided Q4 revenue guidance between $311 million and $317 million and signaled an aggressive innovation roadmap for 2027. However, CFO Cory Sindelar cautioned that the cost environment may become more challenging due to supply chain pressures stemming from AI data center construction.
Tickers: $CALX
Topics: Financial Guidance Gross Margin Revenue Growth Software and Service Revenue