Calix Inc (CALX) Stock Rises on Q4 2025 Earnings

Calix Inc (CALX) reported fourth-quarter 2025 results. Revenue rose 32.2% year‑over‑year to $272.4 million, slightly above the revenue estimate of $272.2 million.

Notable income statement items:

Gross profit: $157.3 million (up 38.8% YoY).

Cost of sales: $115.1 million (up 24.1% YoY).

Operating profit: $9.3 million (down 149.5% YoY).

Net income attributable to common shareholders: $7.2 million (down 140.2% YoY).

Diluted earnings per share: $0.10 (down 137.0% YoY; consensus estimate was $0.39).

Cash flow and balance sheet highlights:

Cash from operating activities: $46.0 million (up 199.7% YoY).

Purchases of property, plant and equipment: -$5.8 million (up 12.0% YoY).

Cash and cash equivalents: $143.1 million (up 231.5% YoY).

Total liabilities: $199.3 million (up 25.9% YoY).

Since market close, CALX shares were up 3.85%.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Calix Inc Hedge Fund Activity

We have seen 162 institutional investors add shares of Calix Inc stock to their portfolio, and 134 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ added 1,182,878 shares (+2349.4%) to their portfolio in Q3 2025, for an estimated $72,593,222
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 868,987 shares (+214.3%) to their portfolio in Q3 2025, for an estimated $53,329,732
ACADIAN ASSET MANAGEMENT LLC added 622,405 shares (+287.2%) to their portfolio in Q3 2025, for an estimated $38,196,994
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 494,486 shares (-41.0%) from their portfolio in Q3 2025, for an estimated $30,346,605
DIVISADERO STREET CAPITAL MANAGEMENT, LP added 400,851 shares (+756.0%) to their portfolio in Q3 2025, for an estimated $24,600,225
ROCKEFELLER CAPITAL MANAGEMENT L.P. added 393,551 shares (+1349.0%) to their portfolio in Q3 2025, for an estimated $24,152,224
WESTFIELD CAPITAL MANAGEMENT CO LP added 392,947 shares (+135.0%) to their portfolio in Q3 2025, for an estimated $24,115,157

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Calix Inc Analyst Ratings

Wall Street analysts have issued reports on $CALX in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 01/15/2026
Needham issued a "Buy" rating on 11/24/2025
Roth Capital issued a "Buy" rating on 09/15/2025

To track analyst ratings and price targets for Calix Inc, check out Quiver Quantitative's $CALX forecast page.

Calix Inc Price Targets

Multiple analysts have issued price targets for $CALX recently. We have seen 4 analysts offer price targets for $CALX in the last 6 months, with a median target of $83.5.

Here are some recent targets:

Mike Genovese from Rosenblatt set a target price of $85.0 on 01/27/2026
Samik Chatterjee from JP Morgan set a target price of $90.0 on 01/15/2026
Ryan Koontz from Needham set a target price of $82.0 on 11/24/2025
Scott Searle from Roth Capital set a target price of $69.0 on 09/15/2025