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Earnings transcript
Read the complete earnings call transcript.
CALX
Calix, Inc.
$38.69
1.41
(3.78%)
| Exchange: | NYSE |
| Market Cap: | 2.468B |
| Shares Outstanding: | 4.04M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Michael Weening | |||||
| Full Time Employees: | 1820 | |||||
| Address: |
| |||||
| Website: | https://www.calix.com |
Headquartered in San Jose, California, Calix, Inc., established in 1999, is a global technology provider specializing in cloud and software platforms, robust systems, and comprehensive services. The company’s innovative solutions empower broadband service providers (BSPs) to offer a diverse array of services to their customers. Calix’s reach extends throughout the United States, the broader Americas, Europe, the Middle East, Africa, and the Asia Pacific region. A core offering is the Calix Cloud platform, an advanced, role-based analytics suite comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud. This platform is highly configurable, delivering tailored insights that enable BSPs to proactively identify and pursue lucrative new revenue streams and applications, often through mobile interfaces. Additionally, Calix provides EXOS, a carrier-class operating system for premises equipment, seamlessly integrated with its GigaSpire family of systems to deliver complete subscriber experience solutions for both residential and business users. The company also offers AXOS, a software platform that optimizes the architecture and operations of the network’s access edge. Calix distributes its portfolio of products through both its dedicated direct sales force and a network of resellers.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,039,593 | 831,518 | 1,000,010 |
| Gross Profit | 518,316 | 453,594 | 568,316 |
| EBITDA | 42,216 | -23,484 | 51,878 |
| Operating Income | 25,585 | -43,034 | 20,990 |
| Net Income | 29,325 | -29,747 | 17,884 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 941,865 | 939,267 | 1,058,521.999 |
| Total Liabilities | 222,883 | 158,327 | 199,303 |
| Total Stockholders Equity | 718,982 | 780,940 | 859,219 |
| Total Debt | 11,563 | 8,023 | 25,512 |
| Cash and Cash Equivalents | 63,409 | 43,162 | 143,086 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 56,251 | 68,400 | 134,953 |
| Capital Expenditure | -17,855 | -18,054 | -19,435 |
| Free Cash Flow | 38,396 | 50,346 | 115,518 |
| Net Income | 29,325 | -29,747 | 17,884 |
| Net Change in Cash | -15,664 | -20,247 | 99,924 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,604,133.331 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,604,133.334 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,604,133.333 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 86,940.352 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 86,940.352 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 86,940.352 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 238,392.581 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 254,087.238 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 246,239.910 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 512,463.341 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 512,463.342 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 512,463.342 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.490 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.380 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Calix reported a revenue of $242 million in Q2 2025, reflecting a 10% year-over-year increase as highlighted in the earnings call transcript. This growth indicates strong market demand and effective business execution within the telecommunications equipment industry.
- Innovative AI Integration: The Q2 2025 earnings call emphasized Calix's strategic focus on leveraging AI to drive industry transformation. This positions the company as a forward-thinking player, potentially enhancing operational efficiency and customer offerings.
- Solid Financial Metrics: Based on key metrics (TTM), Calix demonstrates a healthy gross profit margin and net profit margin, suggesting effective cost management and profitability. Additionally, a favorable current ratio indicates strong liquidity to meet short-term obligations.
- Positive Free Cash Flow: Cash flow statements show consistent free cash flow generation, underpinned by strong operating cash flow. This financial stability supports reinvestment in growth initiatives and innovation without excessive reliance on external financing.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CALX intrinsic value between $10.69 – $11.24 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CALX valuation
Is Calix, Inc. (CALX) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Calix, Inc. (CALX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CALX a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CALX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CALX’s P/E ratio?
You can see CALX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CALX?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CALX a good long-term investment?
Whether CALX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CALX
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
3.78
Trading Metrics:
| Open: | 37.45 | Previous Close: | 37.28 | |
| Day Low: | 35.87 | Day High: | 38.91 | |
| Year Low: | 35.87 | Year High: | 71.22 | |
| Price Avg 50: | 43.79 | Price Avg 200: | 53.39 | |
| Volume: | 1.687M | Average Volume: | 939698 |
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Login — it's freeCALX full analysis
Welcome to MARKETSNAP’s SWOT analysis for Calix, a company that might not be on everyone’s radar but is definitely worth a deep dive for long-term investors like us. If you’re looking to build wealth through smart investments, let’s unpack what makes Calix tick, where it stands today, and what could drive its future. I’ve got a full breakdown of their strengths, weaknesses, opportunities, and threats, along with some key insights to keep you engaged. So, grab a coffee, and let’s…
