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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Calix
Calix (CALX) investor relations material
Calix Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary3 Nov, 2026
Executive summary
Q3 revenue was $301.7M, up 14% YoY; software and services revenue rose 19% to $51.9M, while net income declined to $10.2M from $15.7M.
Calix One contracts signed in Q3 more than doubled sequentially; the platform serves over 1,200 service-provider customers after more than $2B invested over 15 years.
AI strategy spans Calix One, Agent Workforce, communications-specific language models and Gems, with expansion planned across broadband, MDU, MSP and hospitality markets.
Q4 guidance implies continued growth; the long-term annual growth baseline is 15%, with management seeking to accelerate its target of OpEx growth at half the revenue growth rate into 2027.
Financial highlights
Q3 revenue was $301.7M, up 3% sequentially and 14% YoY; appliance revenue was $249.8M, up 13% YoY, and software and services revenue was $51.9M, up 19%.
Q3 gross profit was $160.8M versus $152.0M; operating income was $16.6M versus $17.4M, and net income was $10.2M versus $15.7M.
Q3 basic and diluted EPS were each $0.16, versus $0.24 basic and $0.22 diluted in Q3 2025.
9M revenue rose 20% to $875.0M; net income was $38.5M versus $10.7M, operating income was $51.1M versus $11.7M, and diluted EPS was $0.58 versus $0.15.
Non-GAAP OpEx was $124M, or 41% of revenue, versus 42% in Q2; cash and investments totaled $154.8M at quarter-end.
Outlook and guidance
Q4 2026 revenue guidance is $311M-$317M; non-GAAP gross margin 52.25%-54.75%, OpEx $129.5M-$131.5M and EPS $0.41-$0.49.
At the Q4 guidance midpoint, 2026 non-GAAP EPS is projected at $1.76, representing 30% annual growth versus 19% revenue growth.
Q4 OpEx includes annual ConneXions spending and five additional quarter days, partly offset by productivity gains; excluding the seasonal increase, OpEx/revenue is expected to trend toward 40% and below.
Management’s long-term annual growth baseline is 15%; it is working to move the target of OpEx growth at half the revenue growth rate into 2027 from 2028.
2027 appliance margins are expected to stabilize near current levels, while software and services margin of 70% is expected within the 2027 outlook.
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Next Calix earnings date
Q4 202628 Jan, 2027
Calix
Next Calix earnings date
Q4 202628 Jan, 2027
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Frequently asked questions
Calix Inc provides cloud and software platforms, systems, and services for broadband service providers. The company enables communications companies to deliver fiber-based broadband, smart home services, and managed Wi-Fi to residential and business customers. Its solutions support network operations, subscriber experience, and revenue growth. The company is headquartered in San Jose, California, and its shares are listed on the NYSE.