Calix Q2 revenue $198.1M (-24% YoY); record gross margin 55.1%; guides Q3 rev $198M-$204M

CALIX, INC

2024-Q2 EPS reported -$0.12 revenue$424,449,000

Revenue $198.1M, down 24% YoY and 12% sequentially; GAAP EPS ($0.12), non-GAAP EPS $0.09.
Record non-GAAP gross margin 55.1% (up 230 bps YoY); RPOs $266.9M, up 25% YoY.
Added 24 new BSP customers; platform/cloud/managed services growth offsetting appliance weakness.
Q3 guidance: revenue $198M-$204M, non-GAAP gross margin 55.25% midpoint, non-GAAP EPS $0.05-$0.11.
Free cash flow $16.4M; cash & investments $261.2M; management sees Q2 as revenue low point.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.