Filing Flows › Calix (CALX) › Q2 2026
Calix (CALX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 21, 2026
Calix (CALX) reported revenue of $293M for the second quarter 2026 (Q2 2026), +21% from a year earlier and +5% from the quarter before. Operating margin was 7.4%, net earnings $17.1M (5.8% of revenue).
Calix, Q2 2026: revenue $293M (+21% year over year), operating margin 7.4%, net earnings $17.1M, operating cash flow $16.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $293M | +5% | +21% |
| Gross profit | $160M | +0.5% | +17% |
| Operating profit | $21.8M | +72% | 56× |
| Net earnings | $17.1M | +53% | — |
| Operating cash flow | $16.5M | +13% | -58% |
| Free cash flow | $11.9M | +83% | -67% |
What changed
Revenue was $293.3M in Q2 2026, up 21% year over year and up 5% from the previous quarter. Appliance was the largest line at 83% of revenue. Appliance added $44.7M year over year (up 23%), 87% of the total change.
Gross margin was 54.6%, down 1.8 points from Q2 2025. Operating profit was $21.8M, a 7.4% margin (up 7.3 points year over year). Of the extra revenue versus Q2 2025, 42% reached operating profit, above the 0% margin then. Operating expenses grew 2% against revenue growth of 21%. The fastest-growing cost line was Research & development (+15%). Net earnings were $17.1M. The effective tax rate was 27.5%.
Operating cash flow was $16.5M (down 58% year over year), 96% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $16.7M of share-based compensation. Working capital and other items used $21.7M. Capital expenditures of $4.6M left free cash flow of $11.9M.
Questions
What was Calix's revenue in the second quarter 2026?
Calix (CALX) reported revenue of $293M for the second quarter 2026 (Q2 2026), +21% from a year earlier and +5% from the quarter before.
Was Calix profitable in the second quarter 2026?
Operating profit was $21.8M (7.4% of revenue) and net earnings $17.1M.
Source: Calix 10-Q on SEC EDGAR.