Calix Q1 revenue $250M record, non-GAAP EPS $0.31 beats guidance; Q2 guides $255-261M

CALIX, INC

2023-Q1 EPS reported $0.14 revenue$250,008,000

Q1 revenue $250.0M (+35% YoY, above guidance $242-248M); non-GAAP EPS $0.31 (guidance $0.24-0.30).
GAAP gross margin 51.2%; non-GAAP 51.8% (+170 bps YoY); Q2 non-GAAP GM guided 51.0%-53.0%.
Q2 guidance: revenue $255-261M, non-GAAP EPS $0.28-$0.34; expects annual GM expansion of 100-200 bps.
Cash and investments $257.1M, no debt; RPOs $206.2M (+49% YoY); positive free cash flow $3.5M.
Appointed John Durocher as EVP and Chief Customer Officer; added 11 new BSP customers in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CALIX, INC reported first quarter 2023 results: revenue 250.0 million.

Period: first quarter 2023
Revenue: 250.0 million
Result: reported results

Exact text from the filing

In the first quarter of 2023, the Calix team executed with excellence and delivered record quarterly revenue of $250.0 million.

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Source: SEC EDGAR

accession 0001406666-23-000028

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