CALX
Calix, Inc.
CALX's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over CALX overall, supported by stronger modeled upside and stronger fundamentals.
CALX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
CALX's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
CALX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $32.68 | — |
| Cheap | 19x | $12.95 | -60% |
| Current | 47x | $32.68 | — |
| Fair | 72x | $49.68 | +52% |
| Expensive | 127x | $87.43 | +168% |
Historical ranges are pointers, not guarantees.
CALX's PE is in its cheap range at 47x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA has the edge over CALX in the historical PE scenario, which offers more potential upside but is not a forecast.
CALX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
CALX has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
CALX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | +219% |
| Q3 2026 | $0.69 | +$0.81 |
| Q2 2026 | $0.75 | +$1.15 |
| Q1 2026 | $0.49 | +$1.01 |
| Q4 2025 | $0.26 | +$0.71 |
| Q3 2025 | -$0.12 | +$0.15 |
| Q2 2025 | -$0.40 | -1433% |
| Q1 2025 | -$0.52 | -286% |
| Q4 2024 | -$0.45 | -207% |
CALX has returned to profit: it earned $0.69 per share over the past year, after losing money the year before.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over CALX on earnings, with more consistent year-over-year improvement.
CALX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $301.7M | +14% |
| Q2 2026 | $293.3M | +21% |
| Q1 2026 | $280M | +27% |
| Q4 2025 | $272.4M | +32% |
| Q3 2025 | $265.4M | +32% |
| Q2 2025 | $241.9M | +22% |
| Q1 2025 | $220.2M | -2.7% |
| Q4 2024 | $206.1M | -22% |
CALX's revenue has grown year over year for six quarters in a row: $302M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.5% | -1.1 points |
| Q2 2026 | 7.5% | +7.3 points |
| Q1 2026 | 4.5% | +7.3 points |
| Q4 2025 | 3.4% | +13 points |
| Q3 2025 | 6.6% | +12 points |
| Q2 2025 | 0.2% | +5.9 points |
| Q1 2025 | -2.8% | -1.9 points |
| Q4 2024 | -9.1% | -4.5 points |
CALX's operating margin was 5.5% last quarter, down 1.1 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over CALX on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over CALX on profitability, with a higher operating margin.
CALX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.4M | -87% |
| Q2 2026 | $11.9M | -67% |
| Q1 2026 | $6.5M | -49% |
| Q4 2025 | $40.3M | +294% |
| Q3 2025 | $26.7M | +109% |
| Q2 2025 | $35.6M | +117% |
| Q1 2025 | $12.9M | +17% |
| Q4 2024 | $10.2M | -6.7% |
CALX generated $62M in free cash flow over the past year, down 27% from the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over CALX on cash flow, with more consistent year-over-year improvement.
CALX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -1.1M shares |
| 1 year | -7.7% | -5.3M shares |
| 3 years | -7.4% | -5.1M shares |
| 5 years | -5.1% | -3.5M shares |
| Available history | +17% | +9.5M shares |
CALX has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $69.4M |
| Q1 2026 | $170.9M |
| Q4 2025 | $16.6M |
| Q3 2025 | $3.5M |
| Q2 2025 | $33.6M |
| Q1 2025 | $40M |
| Q4 2024 | $7M |
CALX spent $307M buying back its own shares over the past year, about four times what it spent the year before.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has 24.3B diluted shares, down 1% from a year ago, with $55.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
CALX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -3.7x | Net Cash |
| Q2 2024 | -9.2x | Net Cash |
| Q1 2024 | -2.8x | Net Cash |
| Q4 2023 | -1.5x | Net Cash |
| Q3 2023 | -2.0x | Net Cash |
CALX has the edge over NVDA on leverage, with a lower net debt burden relative to earnings.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
CALX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.9 | Neutral |
| Stochastic | 24.5 | Neutral |
CALX's weekly RSI is 39 (neutral) and its Stochastic is 25 (neutral).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
CALX PE vs Technology Sector
| Metric | CALX | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 28x | 70% above |
| PE % | 30 | 35 | 5 pts below |
CALX is trading at 47x earnings, a 70% premium to the Technology sector's median of 28x.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA has the edge over CALX on valuation relative to its sector.
CALX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.8 | 6% below |
| 20 week MA | $36.5 | 10% below |
| 50 week MA | $43.3 | 25% below |
| 100 week MA | $45.6 | 28% below |
| 200 week MA | $43.2 | 24% below |
CALX is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-week average.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has the edge over CALX on trend strength, trading above more of its moving averages.
CALX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.04 | $31.9 | +297% |
| 2021 | $31.9 | $66.2 | +108% |
| 2022 | $66.2 | $67.5 | +1.9% |
| 2023 | $67.5 | $43.7 | -35% |
| 2024 | $43.7 | $35.0 | -20% |
| 2025 | $35.0 | $54.3 | +55% |
| 2026 YTD | $54.3 | $32.7 | -40% |
CALX is down 40% so far in 2026, after finishing higher in four of the previous six years.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over CALX on returns for 2026, with the stronger performance.