Calix beats Q1 revenue and EPS guidance; raises 2022 revenue growth outlook to 10-15%

CALIX, INC

2022-Q1 EPS reported $0.12 revenue$184,948,000

Record Q1 revenue of $184.9M, above guidance of $174-180M; up 14% YoY.
Non-GAAP EPS $0.22, above guidance of $0.16-0.21; GAAP EPS $0.12.
Non-GAAP gross margin 50.1%, down 370 bps YoY due to higher component/logistics costs.
Raised FY2022 revenue growth outlook to 10-15%; Q2 revenue guidance $192-198M.
Ended quarter with record cash of $213.1M; added 33 new BSP customers.

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