Filing Flows › Calix (CALX) › Q3 2026 › vs Q2 2026
Calix (CALX) Q3 2026 vs Q2 2026 (quarter over quarter)
Calix's revenue rose $8.4M (+3%) from $293M in Q2 2026 to $302M in Q3 2026. The biggest changes: Appliance +$7.0M (+3%); Software and service +$1.4M (+3%). Gross margin 53.3% against 54.6% (-1.3 pts).
Calix, Q3 2026: revenue $302M (+14% year over year), operating margin 5.5%, net earnings $10.2M, operating cash flow $6.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 53.3% | 54.6% | -1.3 pts |
| Operating margin | 5.5% | 7.4% | -2.0 pts |
| Net margin | 3.4% | 5.8% | -2.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Appliance | $250M | $243M | $7.0M | +3% |
| Software and service | $51.9M | $50.5M | $1.4M | +3% |
| Revenue | $302M | $293M | $8.4M | +3% |
| Gross profit | $161M | $160M | $645K | +0.4% |
| Cost of revenue | $141M | $133M | $7.7M | +6% |
| Other income, net | $1.5M | $1.7M | −$236K | -14% |
| Operating profit | $16.6M | $21.8M | −$5.3M | -24% |
| Operating expenses | $144M | $138M | $5.9M | +4% |
| Pre-tax earnings | $18.1M | $23.6M | −$5.5M | -23% |
| Research & development | $54.1M | $52.8M | $1.3M | +2% |
| Sales & marketing | $63.6M | $62.3M | $1.2M | +2% |
| General & admin | $26.6M | $23.2M | $3.4M | +15% |
| Net earnings | $10.2M | $17.1M | −$6.9M | -40% |
| Income tax | $7.8M | $6.5M | $1.4M | +21% |
| Operating cash sources | $35.7M | $38.2M | −$2.6M | -7% |
| Depreciation & amortization | $4.5M | $4.4M | $47K | +1% |
| Share-based compensation | $21.0M | $16.7M | $4.3M | +26% |
| Working capital & other | $29.4M | $21.7M | $7.7M | +35% |
| Operating cash flow | $6.3M | $16.5M | −$10.2M | -62% |
Questions
How much did Calix's revenue grow quarter over quarter in Q3 2026?
Calix's revenue rose $8.4M (+3%) from $293M in Q2 2026 to $302M in Q3 2026.
What drove Calix's revenue change in Q3 2026?
Appliance +$7.0M (+3%); Software and service +$1.4M (+3%).