Q2 2026 Calix Inc Earnings Call Transcript
Key Points
- Calix Inc (CALX) reported record revenue of $293 million for Q2 2026, marking a 5% sequential increase and 21% year-over-year growth.
- The company experienced strong software and service revenue growth, reaching a record $50 million, up 7% sequentially and 16% year-over-year.
- Calix Inc (CALX) successfully completed its platform migration, leading to record RPOs of $386 million, up 3% sequentially and 11% year-over-year.
- The company achieved an 810 basis point sequential improvement in non-GAAP software and service gross margin.
- Calix Inc (CALX) is leveraging AI to transform operations and improve customer experiences, positioning itself as a leader in the broadband space.
- Higher memory costs negatively impacted non-GAAP appliance gross margin, which decreased by 460 basis points sequentially.
- The company faced challenges with memory surcharges, which are expected to remain a headwind to gross margin.
- Calix Inc (CALX) experienced disruptions during its platform migration, affecting sales and customer implementations.
- The company anticipates continued inflationary pressures, particularly in memory costs, which could impact future financial performance.
- Despite strong revenue growth, the company is navigating a competitive landscape with challenges from satellite providers like StarLink.
Greetings, everyone, and welcome to the Calix second-quarter 2026 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Nancy Fazioli, Vice President, Investor Relations. Nancy, please go ahead.
Thank you, Darryl, and good morning, everyone. Thank you for joining our second quarter 2026 earnings call. Today on the call, we have President and CEO, Michael Weening; and Chief Financial Officer, Cory Sindelar. As a reminder, today, after the market closed, Calix issued a news release, which was furnished on a Form 8-K, along with our stockholder letter and is also posted in the Investor Relations section of the Calix website.
Today's conference call will be available for webcast replay in the Investor Relations section of our website. Before I turn the call over to Michael for his opening remarks, I want to remind every -- but on this call, we will refer to forward-looking statements, including
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