Calix (NYSE: CALX) adds $100 million to existing share repurchase plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Calix, Inc. increased its common stock repurchase authorization by an additional $100 million, expanding the existing stock buyback program to a total of $525 million. As of March 28, 2026, the remaining authorized balance under the program was $63.4 million.
The board-approved program allows Calix to repurchase shares from time to time through methods such as open market purchases or privately negotiated transactions, subject to SEC rules and other legal requirements. The company is not obligated to repurchase a specific amount, and the program may be suspended or discontinued at any time.
Positive
- None.
Negative
- None.
Insights
Calix expands flexibility for share repurchases with a larger buyback pool.
Calix has raised its stock repurchase authorization by $100 million, bringing the total program size to $525 million. This provides more capacity to retire shares over time through open market or privately negotiated transactions, within regulatory constraints.
The program is discretionary and may be suspended or discontinued, so actual impact depends on how much management chooses to deploy. The filing ties repurchase activity to prevailing stock prices, economic and market conditions, and the company’s capital allocation strategy, emphasizing financial discipline rather than fixed purchase targets.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Additional buyback authorization: $100 million
Total repurchase program size: $525 million
Remaining authorization: $63.4 million
+3 more
6 metrics
Additional buyback authorization
$100 million
Added to stock repurchase program on April 21, 2026
Total repurchase program size
$525 million
Total stock buyback authorization after April 21, 2026 increase
Remaining authorization
$63.4 million
Repurchase capacity as of March 28, 2026 / end of Q1 2026
Customers using Calix One
More than 1,200
Service providers leveraging the Calix One platform
Platform investment
More than $2 billion
Cumulative investment over 15 years in Calix One platform
Awards since 2025
81 awards
Culture and innovation recognition since 2025
Key Terms
stock repurchase program, authorization to repurchase, open market purchases, privately negotiated transactions, +2 more
6 terms
stock repurchase program financial
"The Company maintains a repurchase program for its common stock."
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
authorization to repurchase financial
"its board of directors increased the authorization to repurchase the Company’s common stock"
open market purchases financial
"repurchases can be made from time to time using a variety of methods, which may include open market purchases"
Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.
privately negotiated transactions financial
"which may include open market purchases, privately negotiated transactions or otherwise"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.
forward-looking statements regulatory
"This press release contains forward-looking statements that are based upon management’s current expectations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
agentic-AI technical
"service providers can securely and privately activate agentic-AI alongside their human teams"
An agentic AI is a software system that can set or accept goals, make plans, and take actions in the real world or digital environments with minimal human guidance—think of it as a junior employee given a task and the freedom to decide how to accomplish it. For investors, agentic AI matters because it can boost productivity and create new revenue streams, but it also changes risk profiles through higher development costs, potential errors or unintended actions, and evolving regulatory and liability issues.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 21, 2026
(Exact name of Registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File No.) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
( | ||
| (Registrant’s telephone number, including area code) | ||
| Not Applicable | ||
| (Former name or former address if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
| Emerging Growth Company | |||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act). o
2
Item 8.01 Other Events.
The Company maintains a repurchase program for its common stock. As of March 28, 2026, the remaining authorized balance under the program was $63.4 million. On April 21, 2026, the Board amended the stock repurchase program to authorize the repurchase of up to an additional $100 million of its common stock, bringing the total authorization under the program up to $525 million.
Under the repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the SEC and other applicable legal requirements. The specific timing, price and size of the purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations consistent with the Company’s capital allocation strategy. The repurchase program does not obligate the Company to acquire a particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |||||||
99.1 | Press Release dated April 21, 2026, announcing increase in stock repurchase authorization. | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
3
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | April 21, 2026 | Calix, Inc. | ||||||||||||||||||||||||
| By: | /s/ Doug McNitt | |||||||||||||||||||||||||
| Doug McNitt | ||||||||||||||||||||||||||
| EVP, General Counsel | ||||||||||||||||||||||||||
4
Exhibit 99.1
Calix Increases Stock Repurchase Authorization by An Additional $100 Million
SAN JOSE, CA—April 21, 2026—Calix, Inc. (NYSE: CALX) today announced that its board of directors increased the authorization to repurchase the Company’s common stock by an additional $100 million under the existing stock repurchase program. The additional authorization announced today will be added to the remaining common stock repurchase authorization which totaled $63.4 million at the end of the first quarter of 2026.
Under the repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements. The specific timing, price and size of the purchases will depend on prevailing stock prices, general economic and market conditions, and other considerations consistent with the Company’s capital allocation strategy. The stock repurchase program does not obligate Calix to purchase any dollar amount or number of shares of common stock and the program may be suspended or discontinued at any time.
About Calix
Calix, Inc. (NYSE: CALX) is an AI platform company that enables service providers to transform their operations and accelerate delivery of differentiated experiences—so they can compete and win in the markets and communities they serve.
Through the AI-native Calix One platform, service providers can securely and privately activate agentic-AI alongside their human teams to acquire new subscribers, grow existing subscriber revenue, and build loyalty across residential, business, municipal, and MDU markets. More than 1,200 customers of all sizes leverage the Calix One platform, which has evolved over 15 years at an investment of more than $2 billion.
Calix innovation cycles are underpinned by a strong financial balance sheet and a people first culture that routinely earns broad industry recognition—winning 81 culture and innovation awards since 2025 alone, as well as Fortune’s 100 Best Companies to Work For® in 2026.
Forward-Looking Statements
This press release contains forward-looking statements that are based upon management’s current expectations and are inherently uncertain. Forward-looking statements relate to, but are not limited to, Calix’s stock repurchase program, are based upon information available to us as of the date of this release, and we assume no obligation to revise or update any such forward-looking statement to reflect any event or circumstance after the date of this release, except as required by law. Actual results and the timing of events could differ materially from current expectations based on risks and uncertainties affecting Calix’s business. The reader is cautioned not to rely on the forward-looking statements contained in this press release. Additional information on potential factors that could affect Calix’s results and other risks and uncertainties are detailed in its quarterly reports on Form 10-Q and Annual Report on Form 10-K filed with the SEC and available at www.sec.gov.
Category: Financial
Investor Inquiries:
Nancy Fazioli
VP, Investor Relations
InvestorRelations@calix.com
InvestorRelations@calix.com
(669) 308 3901
FAQ
What change did Calix (CALX) make to its stock repurchase program?
Calix increased its stock repurchase authorization by an additional $100 million, bringing the total program size to $525 million. This larger authorization lets the company retire more common shares over time, subject to market conditions and its overall capital allocation strategy.
How large is Calix’s (CALX) total stock buyback authorization now?
Calix’s total common stock repurchase authorization is now $525 million after the board added $100 million. This amount includes the previously remaining $63.4 million authorization and may be used via open market purchases or privately negotiated transactions when conditions are favorable.
Is Calix (CALX) required to repurchase a specific amount of stock?
Calix is not obligated to buy back any specific dollar amount or number of shares under its $525 million program. The company can suspend, discontinue, or adjust repurchases at any time, depending on stock price, economic conditions, and its capital allocation priorities.
What methods can Calix (CALX) use to repurchase its common stock?
Calix can execute share repurchases using a variety of methods, including open market purchases and privately negotiated transactions. All repurchases must comply with Securities and Exchange Commission rules and other applicable legal requirements, giving the company flexibility in how and when it buys back shares.
What was the remaining Calix (CALX) repurchase authorization before the increase?
Before the additional $100 million authorization, Calix had $63.4 million remaining under its existing stock repurchase program as of the end of the first quarter of 2026. The new approval adds to that balance, expanding the total available capacity for future buybacks.