Calix FY26 slides: record revenue, 40% Magnesia growth amid market caution

Calix Limited (ASX:CXL) reported its FY26 results on August 26, 2026, revealing record revenue and operational improvements. The company's group revenue increased by 16% to $39.2 million, with a corresponding 34% rise in gross profit to $14.2 million. Operating expenses were reduced by 24%, and capital expenditure decreased by 80%.

Despite these positive financials, Calix's shares fell 3.33% to $0.29, as investors remained cautious due to broader concerns in the clean-tech sector. The company's shares have declined about 84% from their 52-week high of $1.77, reflecting the challenges faced by clean-tech companies globally.