Key points
- Record revenue of $36.0M, up 28% YoY
- Gross profit increased by 34% to $14.2M
- Operating expenses reduced by 24% to $30.0M
- Cash Capex down 80% to $2.1M
- Strong growth in Magnesia revenue, up 40% to $34.0M
Full summary
Calix Ltd's FY26 results showed a significant improvement in financial performance. The company reported record revenues of $36.0M, a 28% increase from the previous year, and gross profit of $14.2M, up 34%. Operating expenses were reduced by 24% to $30.0M, and cash Capex was down 80% to $2.1M. Magnesia revenue grew by 40% to $34.0M, and the company achieved several commercial milestones, including partnerships with global industry majors and the completion of new manufacturing plants. Calix maintained a healthy cash position and expects to be cash flow neutral in the 2026 calendar year.
Outlook
Calix is optimistic about its future, driven by strong revenue growth, cost discipline, and strategic partnerships. The company expects to continue its momentum in key target markets and achieve further commercial milestones.