Calix Networks

Q2 FY2026 EarningsQ2 FY26 results delivered a beat on the bottom line despite a mixed top-line performance: revenue of $293.3M came in slightly above the $290.0M consensus (+1.17%), while GAAP EPS of $0.26 significantly outperformed the $0.155 expected (+67.7%). Gross margin of 54.6% missed the 55.68% mean estimate due to surging memory component costs. Management aggressively utilized its share repurchase program, buying back 5.0M shares YTD, which materially bolstered EPS and offset margin compression from the transition to third-generation cloud platforms.