secwatch.observer — SEC 8-K summary
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Issuer:     CALIX, INC (CALX)
CIK:        0001406666
Form:       8-K
Filed at:   2025-04-21T23:59:59+00:00
Accession:  0001406666-25-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Calix Q1 record gross margin 56.2%, revenue $220.2M, non-GAAP EPS $0.19
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- Q1 revenue $220.2M (+6.9% QoQ, -2.7% YoY); GAAP net loss $4.8M ($0.07 loss per share); non-GAAP net income $13.1M ($0.19 per share).
- Record GAAP gross margin 55.7% (+150 bps YoY); non-GAAP gross margin 56.2% (also record).
- RPOs $340.4M (+39% YoY); added 16 new BSPs; cash & investments $282.3M after repurchasing 1.2M shares.
- Board authorized additional $100M buyback; Q2 guidance: revenue $221M–$227M, non-GAAP EPS $0.18–$0.24.
- Sequential growth driven by BXP customers pulling forward XGS-PON and WiFi-7 demand; Unlimited Subscriber revenue up 15% QoQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406666/000140666625000015/0001406666-25-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406666/000140666625000015/calx-20250421.htm
  HTML page:      https://secwatch.observer/filing/0001406666-25-000015

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