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Viasat vs Calix: VSAT and CALX compared
Viasat is the larger company: $1.2B of revenue in its latest quarter (Q2 FY27) against $302M for Calix (Q3 2026). Calix is growing faster (+14% against +3% a year earlier). Calix is more profitable, with an operating margin of 5.5% against 0.6%.
Where the money goes: VSAT and CALX
Viasat (VSAT) · Q2 FY27
Viasat, Q2 FY27: revenue $1.2B (+3% year over year), operating margin 0.6%, net loss $120M, operating cash flow $285M. The chart follows the revenue to costs, profit and cash.
Calix (CALX) · Q3 2026
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.
| Viasat (VSAT) | Calix (CALX) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $1.2B | $302M |
| Revenue growth, Y/Y | +3% | +14% |
| Gross margin | — | 53.3% |
| Operating margin | 0.6% | 5.5% |
| Net earnings | −$120M | $10.2M |
| Net margin | -10.2% | 3.4% |
| Operating cash flow | $285M | $6.3M |
| Free cash flow | — | $3.4M |
| Market value | $8.9B | $2.4B |
| P/E | — | 54.0× |
| Analysts’ mean target | $101.94 | $62.33 |
Where the revenue comes from
Viasat
- Service: $821M (70%)
- Product: $359M (30%)
Calix
- Appliance: $250M (83%)
- Software and service: $51.9M (17%)
Questions
Which is bigger, Viasat or Calix?
Viasat is the larger company: $1.2B of revenue in its latest quarter (Q2 FY27) against $302M for Calix (Q3 2026).
Is Viasat or Calix growing faster?
Calix is growing faster (+14% against +3% a year earlier).
Which is more profitable, Viasat or Calix?
Calix is more profitable, with an operating margin of 5.5% against 0.6%.
More: Viasat earnings · how Viasat makes money · Calix earnings · how Calix makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.