Should You Go For This Mid Cap Post Earnings- CALX

Acrobull Canada Advisory Inc.

April 23			2026
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Calix, Inc.	CALX-NYSE	Technology		$2.788 Billion	Medium

Calix, Inc., along with its subsidiaries, provides cloud and software platforms, as well as systems and services, across the United States and internationally, including the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. Its offerings help broadband service providers deliver a wide variety of services to their customers.

Recent Highlights

Calix achieved a major milestone by completing the migration of all customers to its AI-driven Calix One platform by the end of March 2026. This marks the beginning of a new operational phase focused on innovation, automation, and enhanced service delivery capabilities for broadband providers.

The company emphasized its strategic direction by hosting its 2026 Investor Day at the New York Stock Exchange, where it outlined its long-term growth framework. The event highlighted future expansion plans, platform evolution, and continued investment in cloud-based solutions and customer experience transformation

Financial Highlights

Calix reported revenue of $280.0 million in Q1 2026, reflecting 3% sequential growth and 27% year-over-year growth. Gross profit reached $159.3 million, with a 56.9% gross margin, showing strong demand and continued expansion across its platform offerings.

Total operating expenses were $146.6 million, including $63.5 million in sales and marketing and $54.6 million in R&D. Operating income was $12.7 million, improving from a $6.1 million loss in the prior year period.

Net income for Q1 2026 was $11.2 million, compared to a $4.8 million loss last year. Earnings per diluted share were $0.16, while non-GAAP net income reached $27.2 million, driven by higher revenue and improved gross margins.

Cash flow from operations totaled $14.6 million, while investing activities generated $47.9 million. Financing activities used $150.9 million, mainly due to $170.9 million in share repurchases, reducing cash and equivalents to $54.6 million.

The balance sheet showed $243.3 million in cash and investments and accounts receivable of $116.8 million. Inventory turns were 3.0, and the cash conversion cycle improved to 122 days, reflecting efficient working capital management.

Stock Observation- Based on Q1 2026 performance, Calix expects continued momentum driven by strong demand for its platforms, building on $280.0 million in revenue and 56.9% gross margin. The company anticipates sustained growth, improved profitability, and further expansion of its cloud and software offerings in upcoming quarters.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. Inc ltd. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$42.65 USD
Acrobull Recommendation	Buy at $41.56
Target Price	$47.78 USD
RSI Level	43 (Neutral)
Total Shares Outstanding	64.61 million
Shares held by Insiders Risk Factor Stop Loss	9.52% Medium 5%