Filing Flows › Calix (CALX) › Q2 2026 › vs Q1 2026
Calix (CALX) Q2 2026 vs Q1 2026 (quarter over quarter)
Calix's revenue rose $13.3M (+5%) from $280M in Q1 2026 to $293M in Q2 2026. The biggest changes: Appliance +$9.9M (+4%); Software and service +$3.4M (+7%). Gross margin 54.6% against 56.9% (-2.3 pts).
Calix, Q2 2026: revenue $293M (+21% year over year), operating margin 7.4%, net earnings $17.1M, operating cash flow $16.5M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 54.6% | 56.9% | -2.3 pts |
| Operating margin | 7.4% | 4.5% | +2.9 pts |
| Net margin | 5.8% | 4.0% | +1.8 pts |
| Free cash flow margin | 4.1% | 2.3% | +1.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Appliance | $243M | $233M | $9.9M | +4% |
| Software and service | $50.5M | $47.1M | $3.4M | +7% |
| Revenue | $293M | $280M | $13.3M | +5% |
| Gross profit | $160M | $159M | $828K | +0.5% |
| Cost of revenue | $133M | $121M | $12.5M | +10% |
| Other income, net | $1.7M | $2.5M | −$770K | -31% |
| Operating profit | $21.8M | $12.7M | $9.1M | +72% |
| Operating expenses | $138M | $147M | −$8.3M | -6% |
| Pre-tax earnings | $23.6M | $15.2M | $8.4M | +55% |
| Research & development | $52.8M | $54.6M | −$1.9M | -3% |
| Sales & marketing | $62.3M | $63.5M | −$1.1M | -2% |
| General & admin | $23.2M | $28.4M | −$5.3M | -19% |
| Net earnings | $17.1M | $11.2M | $5.9M | +53% |
| Income tax | $6.5M | $4.0M | $2.5M | +61% |
| Operating cash sources | $38.2M | $36.2M | $2.0M | +6% |
| Depreciation & amortization | $4.4M | $4.4M | $36K | +0.8% |
| Share-based compensation | $16.7M | $20.6M | −$3.9M | -19% |
| Working capital & other | $21.7M | $21.6M | $144K | +0.7% |
| Operating cash flow | $16.5M | $14.6M | $1.9M | +13% |
| Free cash flow (OCF − capex) | $11.9M | $6.5M | $5.4M | +83% |
| Capital expenditures | $4.6M | $8.1M | −$3.5M | -44% |
Questions
How much did Calix's revenue grow quarter over quarter in Q2 2026?
Calix's revenue rose $13.3M (+5%) from $280M in Q1 2026 to $293M in Q2 2026.
What drove Calix's revenue change in Q2 2026?
Appliance +$9.9M (+4%); Software and service +$3.4M (+7%).