earnings
confidence high
sentiment positive
materiality 0.85
Calix Q3 2022: Revenue $236.3M (record, beat guidance), non-GAAP EPS $0.34 vs $0.18-0.24 guidance
CALIX, INC
2022-Q3 EPS reported
$0.42
revenue$623,324,000
- Revenue $236.3M (+37% YoY), above guidance of $211M-$217M; GAAP EPS $0.19, non-GAAP EPS $0.34.
- Systems revenue +38% YoY; EXOS platform revenue +81% YoY; AXOS platform revenue +118% YoY.
- Gross margin GAAP 50.1%, non-GAAP 50.7% (down 190/150 bps YoY) due to higher component and logistics costs.
- Q4 2022 guidance: revenue $237M-$243M, non-GAAP gross margin 49.5%-51.5%, non-GAAP EPS $0.22-$0.28.
- Record cash $234.7M; RPOs $173.1M (+65% YoY); added 26 new BSP customers in the quarter.