New York, February 2, 2026, 15:01 (EST) — Regular session
- Calix shares climbed in afternoon trading, building on gains following last week’s quarterly update
- The company projected sequential revenue growth but warned of margin pressure in the near term due to a cloud platform migration
- Investors eye Feb. 24 for new targets and more details on the platform shift
Calix shares jumped roughly 6.5% to $47.59 by Monday afternoon, following an earlier range from $44.13 up to $48.11.
The move keeps the broadband equipment and software maker in focus after last week’s quarterly update, which delivered record results but cautioned that margins might dip as the company transitions customers to a new cloud platform.
Why it matters now: Calix provides network equipment, cloud software, and managed services for broadband providers. Its outlook offers a window into carrier spending trends and how quickly fiber is being deployed in smaller markets.
On Jan. 28, Calix included a stockholder letter in its filing that highlighted “non-GAAP” results alongside traditional GAAP numbers. These non-GAAP metrics strip out items like stock-based compensation and intangible asset amortization. That can smooth out quarter-to-quarter comparisons but also makes it tougher to compare across different companies. (Calix, Inc.)
CEO Michael Weening reported fourth-quarter revenue of $272.4 million and a record non-GAAP gross margin of 58%. For the first quarter, Calix expects revenue between $275 million and $281 million, with non-GAAP earnings of 34 to 40 cents per share. The company said gross margins will soften as it operates overlapping cloud systems during its transition. Inventory builds reflect anticipated demand tied to the federal Broadband Equity, Access and Deployment program. “Demand visibility is at an all-time high,” Weening noted. Calix started moving customers in December and plans to finish the transition by mid-2026. (Calix, Inc.)
Calix boosted its share buyback authorization by $125 million, topping up the $109.3 million still available through the end of 2025. The company noted that the pace and scale of repurchases would hinge on its stock price and overall market dynamics. (Calix, Inc.)
Still, that near-term margin dip might linger if the migration drags on or broadband providers stall their rollouts. Rising component costs would only add pressure, as would a shift in the customer base toward lower-margin projects.
Calix’s next big date is Feb. 24 — that’s when it hosts an investor day at the New York Stock Exchange starting at 8:15 a.m. ET. A virtual webcast will also be available, per the company’s investor calendar. (Calix, Inc.)
Investors are keenly watching for clearer guidance on margins and operating costs, plus any indication that cloud and managed services might pick up the slack if appliance sales falter.
Monday’s jump leaves CALX working to regain footing after some wild swings. Eyes turn to Feb. 24, when management is set to share more detail on the 2026 margin outlook — and the pace at which those overlapping cloud expenses will ease.
