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Calix: How BEAD-Fueled Fiber Expansion Is Powering the Next Broadband Growth Supercycle!

Calix reported its first quarter of 2026 results with record revenue of $280 million, reflecting a 3% sequential increase driven by continued strong demand for its platform. The company completed its migration of all existing customers to its third-generation platform on Google Cloud, enabling expanded capabilities and market reach. Calix added 14 new customers during the quarter, supporting growth within local communities. Remaining performance obligations (RPO) totaled $376 million, down 2% sequentially but up 11% year-over-year, reflecting a combination of a strong fourth quarter 2025 and platform migration completion. Current RPOs were a record $157 million, a 3% sequential increase and 22% higher than the prior year, with management anticipating reacceleration of RPO growth in the second half of 2026 driven by momentum with Calix One. The non-GAAP gross margin declined 80 basis points sequentially to 57.