Filing Flows › Calix (CALX) › Q3 2026
Calix (CALX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Calix (CALX) reported revenue of $302M for the third quarter 2026 (Q3 2026), +14% from a year earlier and +3% from the quarter before. Operating margin was 5.5%, net earnings $10.2M (3.4% of revenue).
Calix, Q3 2026: revenue $302M (+14% year over year), operating margin 5.5%, net earnings $10.2M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $302M | +3% | +14% |
| Gross profit | $161M | +0.4% | +6% |
| Operating profit | $16.6M | -24% | -5% |
| Net earnings | $10.2M | -40% | -35% |
| Operating cash flow | $6.3M | -62% | -80% |
| Free cash flow | $3.4M | — | -87% |
What changed
Revenue was $301.7M in Q3 2026, up 14% year over year and up 3% from the previous quarter. Appliance was the largest line at 83% of revenue. Appliance added $27.8M year over year (up 13%), 77% of the total change.
Gross margin was 53.3%, down 4.0 points from Q3 2025. Operating profit was $16.6M, a 5.5% margin (down 1.1 points year over year). Operating profit fell $852K even though revenue rose $36.3M versus Q3 2025, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 14%. The fastest-growing cost line was Research & development (+15%). Net earnings were $10.2M, down 35% year over year. The effective tax rate was 43.4%.
Operating cash flow was $6.3M (down 80% year over year), 62% of net earnings. Non-cash charges added back $4.5M of depreciation and amortization and $21.0M of share-based compensation. Working capital and other items used $29.4M. After purchases of property and equipment ($2.9M), free cash flow as the company reports it was $3.4M.
Questions
What was Calix's revenue in the third quarter 2026?
Calix (CALX) reported revenue of $302M for the third quarter 2026 (Q3 2026), +14% from a year earlier and +3% from the quarter before.
Was Calix profitable in the third quarter 2026?
Operating profit was $16.6M (5.5% of revenue) and net earnings $10.2M.
Source: Calix 10-Q on SEC EDGAR.