secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001406666-24-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666624000029/0001406666-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666624000029/calx-20240722.htm
  HTML page:      https://secwatch.observer/filing/0001406666-24-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer