Calix reports profit beat in Q3, supported by AI-native subscriber growth

Calix

02/11/2026 22:09

Overview
AI platform company's Q3 revenue slightly missed analyst expectations
Adjusted EPS for Q3 beat analyst expectations

Outlook
Calix did not provide specific financial guidance for the current quarter or full year

Result Drivers
AI PLATFORM ADOPTION - Co said more than 1,200 customers use its AI-native Calix One platform, supporting subscriber growth and revenue expansion

Company press release: ID:nBw3DbW9Ma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$301.70 mln
$304.10 mln (6 Analysts)
Q3 Adjusted EPS
Beat
$0.44
$0.41 (7 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Calix, Inc. is $60.17, about 66.5% above its November 2 closing price of $36.13
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Nov 2 - Palantir Q3 revenue jumps 96%, beats analyst expectations
Nov 2 - Tempus AI Q3 revenue slightly beats estimates; raises guidance
Nov 2 - Palantir expects quarterly revenue above estimates on AI demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)