Calix Q1 2024 revenue $226.3M (-9% YoY); GAAP EPS $0.00, non-GAAP $0.21; Q2 guide weak

CALIX, INC

2024-Q1 EPS reported $0.00 revenue$226,310,000

GAAP revenue $226.3M, down 9% YoY; GAAP net income $0.1M ($0.00 EPS); non-GAAP EPS $0.21.
Record GAAP gross margin 54.2% (up 300 bps YoY); non-GAAP gross margin 54.9%.
Q2 2024 guidance: revenue $197-203M, non-GAAP EPS $0.03-0.09 (below Q1).
RPOs $245.2M, up 19% YoY; cash & investments $239.5M, up $19.1M QoQ.
Management cites customer indecision on BEAD funding and shorter lead times as crosswinds.

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 0.85

CALIX, INC reported financial results for first quarter ended March 30, 2024.

Period: first quarter ended March 30, 2024
Result: reported results

Exact text from the filing

On April 22, 2024, Calix, Inc. (the “Company”) issued a press release announcing it has publicly disseminated a stockholder letter with its financial results for the first quarter ended March 30, 2024.

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CALIX, INC filing history →

Source: SEC EDGAR

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