Calix (CALX) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.44
- Estimate
- $0.41
- Surprise
- +7.0%
- Score at report (before → after)
- 6.5 → 6.4/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Calix (CALX) beat the $0.41 estimate with adjusted EPS of $0.44 — a clear 7.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.5/10) to Hold at 6.4/10 after the report — the engine's score fell despite the beat.
Coverage in the report window
- Calix Lowers FY2026 Sales Guidance from $1.200B to $1.190B vs $1.191B Est — benzinga, 2026-11-02
- Calix Sees Q4 GAAP EPS $0.17-$0.25 vs $0.26 Est — benzinga, 2026-11-02
Where TrendMatrix's rating stands now
TrendMatrix currently rates CALX Hold at 6.4/10.
4 of the last 4 quarters beat the estimate; this quarter's +7.0% surprise compares with a +7.9% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Strong growth profile
What argues against it
- Concentration risk — Supplier: sole-source chipset and ASIC suppliers
- Sector modifier (Technology): -0.8
- Below 200-MA, MA slope -6.1%/30d (confirmed downtrend)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $36.13
- Price target
- $54.23
- Stop
- $33.60
- Upside to target
- +50.1%
- Reward-to-risk
- 7.2:1
The stock trades at 48.8× trailing but 15.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 1.8× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-03 — shown for context, not personalized investment advice.
CALX at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $2.27B
- P/E (fwd)
- 15.7
- P/E (ttm)
- 48.8
- 52-week range
- $32.35–$69.73
- Off 52-week high
- 48.2%
- RSI (14)
- 49
- Volume vs avg
- 1.76×
- Score today
- 6.4/10