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Earnings transcript
Read the complete earnings call transcript.
CALX
Calix, Inc.
$46.34
-0.53
(-1.13%)
| Exchange: | NYSE |
| Market Cap: | 3.04B |
| Shares Outstanding: | 4.04M |
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Michael Weening | |||||
| Full Time Employees: | 1820 | |||||
| Address: |
| |||||
| Website: | https://www.calix.com |
Calix, Inc., together with its subsidiaries, provides cloud and software platforms, and systems and services in the United States, rest of Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s cloud and software platforms, and systems and services enable broadband service providers (BSPs) to provide a range of services. It provides Calix Cloud platform, a role-based analytics platform comprising Calix Marketing Cloud, Calix Support Cloud, and Calix Operations Cloud, which are configurable to display role-based insights and enable BSPs to anticipate and target new revenue-generating services and applications through mobile application. The company also offers EXOS, a carrier class premises operating system and fully integrated with its GigaSpire family of systems to be ready for deployment as a complete subscriber experience solutions for BSP’s residential and business subscribers; and AXOS, a software platform to access edge of the network by its architecture and operations. It offers its products through its direct sales force and resellers. Calix, Inc. was incorporated in 1999 and is headquartered in San Jose, California.
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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) | 239,584.910 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 253,541.429 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 246,563.170 | 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) | 3.600 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.400 | 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.
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
-1.13
Trading Metrics:
| Open: | 45.51 | Previous Close: | 46.87 | |
| Day Low: | 44.04 | Day High: | 46.57 | |
| Year Low: | 29.5 | Year High: | 71.22 | |
| Price Avg 50: | 51.65 | Price Avg 200: | 55.76 | |
| Volume: | 1.471M | Average Volume: | 1.19M |
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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…
