Calix is projected to report Q2 2026 revenue of $289.96 million and earnings of $0.17 per share, with the stock currently trading at $39.14, nearly 38% below the average analyst price target of $62.86.
Investors are primarily focused on the growth of Remaining Performance Obligations (RPO), which serves as the leading indicator for the company's successful transition into a high-margin software platform provider.
While Calix recently completed its migration to the AI-native Calix 3.0 platform, the company faces short-term profitability headwinds from memory component surcharges and higher operational costs. Analysts will be looking for signs that recent customer wins and platform adoption can offset these costs and a pending securities class action lawsuit.