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Other financials

Income statement

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Revenue$293.3M+21.3%
Gross profit$160.1M+17.5%
Operating income$21.8M+5,488%
Net income$17.1M+8,698%
EPS (diluted)$0.26

Balance sheet

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Cash & equivalents$56.0M-26.9%
Total debt$14.0M+134%
Total equity$710.0M-8.1%
Total assets$954.4M+3.6%

Cash flow

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Operating cash flow$16.5M-58.1%
CapEx$4.6M+22.6%
Free cash flow$11.9M-66.5%

Valuation

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Market cap$2.36B-36.4%
Enterprise value$2.32B-36.3%
P/E46.1×
P/S2.1×-2.1×

Profitability

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Gross margin56.6%+1.1pp
Operating margin5.5%+3.9pp
Net margin4.6%+3.3pp
FCF margin7.7%-0.5pp

Returns & leverage

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Return on equity6.9%+5.2pp
Debt / equity0.0×
Current ratio2.8×-1.7×

Where this comes from

Reported directly by Calix in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Calix’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 4:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001406666-26-000034
Line itemThree Months Ended / June 27,2026Three Months Ended / June 28,2025Six Months Ended / June 27,2026Six Months Ended / June 28,2025
Gross profit160,124136,295319,420259,003
Operating expenses:
Sales and marketing62,33863,653125,824121,712
Research and development52,75445,787107,40089,767
General and administrative23,18326,46451,63153,214
Total operating expenses138,275135,904284,855264,693
Operating income (loss)21,84939134,565(5,690)
Interest income and other income (expense), net:

Item 1. Financial Statements (Unaudited)

FAQ

What is Calix's R&D?
Calix (CALX) reported R&D of $52.75M in Q2 2026.
How has Calix's R&D changed year-over-year?
Calix's R&D increased by 15.2% year-over-year, from $45.79M to $52.75M.
What is the long-term trend for Calix's R&D?
Over 4 years (2021 to 2025), Calix's R&D has grown at a 17.0% compound annual growth rate (CAGR), from $101.75M to $190.36M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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