Calix stock jumps 5% on $100M buyback program expansion

Calix, Inc. reported record Q2 2026 results, attributing them to the first full quarter of its Calix One AI-native platform, which drove higher RPOs and software revenue. Management said migrating customers to a single cloud improved software and service gross margins by 810 bps sequentially. It expects 2026 revenue growth of 15% to 20% and Q3 margin records, while noting memory cost inflation and $69M share repurchases.

Calix (CALX) shares fell over 4% after warning of higher memory costs in Q3, impacting earnings. Analysts at Roth Capital and Rosenblatt maintain 'Buy' ratings, citing long-term value despite near-term headwinds. Q2 revenue rose 5% to $293.3M, beating estimates, but Q3 guidance shows lower gross margins.

Calix (CALX) shares fell 17.8% in pre-open after reporting Q2 2026 results. The company guided Q3 EPS to $0.35–$0.45 versus $0.46 expected and revenue to $287M–$293M versus about $301.6M. Despite a Q2 EPS beat ($0.47 vs $0.41) and near revenue in-line, margin pressure from exhausted lower-cost component stockpiles and an ongoing securities class action also weighed.

CALIX, INC (CALX) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.2 3 ex992stockholderletter26q2.htm EX-99.2 Document Exhibit 99.2 July 20, 2026 Fellow Calix stockholders: We delivered record revenue of $293.3 million in the second quarter of 2026 representing 5% sequential growth and 21% year-over-year growth. Software and service revenu

TD Bank Group received regulatory approval for a new share buyback program, allowing it to repurchase up to C$10 billion of its common shares. The program, approved by the Office of the Superintendent of Financial Institutions Canada, will start on October 9, 2026. TD is a major North American bank with $2.1 trillion in assets.

X4 Pharmaceuticals (XFOR) secured a $150 million term loan from K2 HealthVentures, with $80 million funded initially. The loan refinances existing debt and supports operations. It carries an 8.55% or prime plus 1.55% cash interest rate, plus 1% PIK, maturing in 2030. The company also repaid its Hercules facility with a $78.7 million payoff.