Calix announced a new multi‑state fiber deployment contract with Helexon, a consortium of rural broadband providers that includes Shawnee Communications, Mosaic Technologies, Adams Fiber, Madison Communications, Peninsula Fiber Network, and WK&T. The partnership will cover Illinois, Indiana, Kentucky, and Michigan and will deploy thousands of miles of fiber using Calix’s AI‑native Calix One platform, which integrates Access Edge, Experience Edge, and Calix Cloud services to automate workflows, provide real‑time subscriber visibility, and deliver consistent service experiences from day one.
The contract positions Calix as the backbone technology for one of the largest BEAD (Broadband Equity, Access, and Deployment) program projects. The BEAD program has $42.5 billion in funding, and Helexon is slated to receive the largest share of that funding. While the exact contract value is not disclosed, the deal is expected to generate recurring, high‑margin revenue from platform licensing, cloud services, and managed services as Helexon scales its network.
Michael Weening, President and CEO of Calix, said, "We are proud to support growth for Helexon with Calix One as we partner with them to connect more Americans in more places across the country." The quote underscores Calix’s confidence that the AI‑native platform will accelerate deployment and improve operational efficiency across the consortium’s multi‑state rollout.
Calix’s recent financial performance supports the strategic importance of the deal. In Q4 2025, the company reported $272 million in revenue, a 32% year‑over‑year increase, and a record non‑GAAP gross margin of 58%. The company estimates its accessible BEAD opportunity to be roughly $1.0–1.5 billion, with appliance deliveries expected to ramp up later in 2026 and into 2027. The Helexon contract is therefore a key driver of Calix’s growth trajectory and a validation of its platform strategy in a high‑growth market.
Analysts have noted the deal’s significance. As of February 19 2026, the consensus price target for Calix was $77.50, representing about 41.8% upside from its $54.67 share price. The contract is expected to strengthen Calix’s market position and support its continued expansion in the Midwest, reinforcing the company’s long‑term growth prospects.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.