Every material Form 8-K Calix has filed with the SEC since October 23, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Calix reported third-quarter 2026 revenue of $301.7 million, up 14% from a year earlier, with non-GAAP earnings of $0.44 per diluted share, within its guidance range. The company expects fourth-quarter revenue of $311 million to $317 million and full-year 2026 revenue growth of about 19%, but GAAP gross margin fell 400 basis points year over year due to higher memory costs.
Q3 2026 revenue was $301.7 million, up 3% sequentially and 14% year over year; non-GAAP gross margin was 53.5%, down 420 basis points from a year earlier.
GAAP net income was $10.2 million, down $5.4 million year over year; GAAP diluted EPS was $0.16 versus non-GAAP EPS of $0.44.
Q4 2026 guidance: revenue of $311 million to $317 million and non-GAAP EPS of $0.41 to $0.49.
In October 2026 the board increased the repurchase authorization by $100 million; $50.0 million was repurchased in Q3, leaving $144 million remaining.
Calix reported record second-quarter 2026 revenue of $293.3 million, up 5% from the prior quarter and 21% from a year earlier, with non-GAAP earnings of $0.47 per diluted share, above its $0.35 to $0.45 guidance. Non-GAAP gross margin fell 240 basis points sequentially to 54.8% on higher memory component costs, and third-quarter revenue guidance is $301 million to $307 million.
Q2 2026 revenue $293.3 million, up 5% sequentially and 21% year over year; guidance had been $287 million to $293 million
Non-GAAP net income $30.6 million; GAAP net income $17.1 million; non-GAAP EPS $0.47 versus $0.35 to $0.45 guidance
Non-GAAP gross margin 54.8%, down 240 basis points sequentially; Q3 non-GAAP gross margin guided to 50.5% to 53.5%
Company returned $69.4 million to stockholders through repurchase of 1.6 million shares; $94.1 million authorization remains
Calix reported first-quarter 2026 revenue of $280.0 million, a record and up 27% year over year, and guided second-quarter revenue to $287 million to $293 million. Non-GAAP net income was $27.2 million and non-GAAP earnings per diluted share were $0.40, while GAAP earnings per diluted share were $0.16. Non-GAAP gross margin is guided lower in the second quarter, and the company will hold an Investor Day at the New York Stock Exchange on April 22, 2026.
Q1 2026 revenue $280.0 million, up 3% sequentially and 27% year over year
Q1 2026 non-GAAP earnings per diluted share $0.40 vs GAAP $0.16
Q2 2026 revenue guidance $287 million to $293 million; non-GAAP gross margin guided to 53.95%–56.95% range midpoint 55.8%
Q1 2026 share repurchases of $171 million; remaining authorization $63 million
Calix reported unaudited fourth-quarter 2025 revenue of $272.4 million, a record that was up 32% from a year earlier and 3% from the prior quarter, and full-year 2025 revenue of $1.0 billion, up 20%. The company guided first-quarter 2026 revenue to $275 million to $281 million, above the fourth-quarter level, but its non-GAAP gross margin guidance midpoint is 75 basis points below the prior quarter.
Q4 2025 GAAP net income was $7.4 million, or $0.10 per diluted share; non-GAAP net income was $27.3 million, or $0.39 per diluted share.
Q1 2026 guidance: revenue $275 million to $281 million; non-GAAP net income per diluted share $0.34 to $0.40.
Non-GAAP gross margin for Q4 2025 was a record 58.0%, but Q1 2026 non-GAAP gross margin guidance midpoint is 57.25%, down 75 basis points, due to overlapping cloud costs during platform migration.
Calix will hold an Investor Day at the New York Stock Exchange on February 24, 2026, and a conference call is set for January 29, 2026.
Calix, Inc. said its board appointed Chief Customer Officer John Durocher as chief operating officer, effective November 16, 2025. Jonathan Lindsell, currently senior vice president of Field and Success, takes over as chief customer officer and will report to Durocher.
Board appointed John Durocher, age 58, on November 13, 2025, effective November 16, 2025
Durocher has been Chief Customer Officer since joining Calix in March 2023, and previously served at Salesforce from 2006 to February 2023
Jonathan Lindsell named chief customer officer and will oversee the customer success function
Durocher's compensation is unchanged and continues under the existing executive compensation program in the March 27, 2025 proxy statement
Calix reported unaudited third-quarter 2025 results for the period ended September 27, 2025, with revenue of $265.4 million, up 10% from the prior quarter and 32% from a year earlier. GAAP net income was $15.7 million, compared with a net loss of $4.0 million a year earlier, and the company guided fourth-quarter revenue to $267 million to $273 million.
Q3 2025 revenue was $265.4 million, up 32% year over year, and GAAP net income was $15.7 million versus a $4.0 million net loss a year earlier.
Fourth-quarter 2025 revenue guidance is $267 million to $273 million; GAAP net income per diluted share guidance is $0.15 to $0.21.
Cash and investments were a record $339.6 million at quarter end, and remaining performance obligations rose 20% year over year to $354.6 million.
A conference call to discuss the results is scheduled for October 30, 2025, at 8:30 a.m. Eastern Time.
Calix reported unaudited second-quarter 2025 revenue of $241.9 million, up 10% from the prior quarter and 22% from a year earlier, above its prior guidance of $221.0 million to $227.0 million. GAAP results showed a net loss of $0.2 million, while non-GAAP net income per diluted share was $0.33, above the $0.18 to $0.24 guidance range. For shareholders, the filing also gives third-quarter 2025 guidance of $243 million to $249 million in revenue and non-GAAP net income per diluted share of $0.31 to $0.37.
Q2 2025 revenue was $241.9 million, versus prior non-GAAP guidance of $221.0 million to $227.0 million
GAAP net loss was $0.2 million, or $0.00 per diluted share; non-GAAP net income per diluted share was $0.33
Q3 2025 guidance: revenue $243 million to $249 million; non-GAAP net income per diluted share $0.31 to $0.37
Company repurchased 1.0 million shares in Q2 and ended the quarter with $299.0 million in cash and investments
Calix reported first-quarter 2025 results, with revenue of $220.2 million, up 6.9% from the prior quarter but down 2.7% from a year earlier, and a GAAP net loss of $4.8 million compared with net income of $0.1 million a year earlier. Non-GAAP diluted EPS of $0.19 came in above the company's January guidance of $0.10 to $0.16, and the company guided second-quarter revenue to $221 million to $227 million.
Q1 2025 revenue was $220.2 million, versus guidance of $204.0 million to $210.0 million and $226.3 million a year earlier.
GAAP net loss was $4.8 million, or $0.07 per diluted share; non-GAAP diluted EPS was $0.19.
Second-quarter 2025 guidance: revenue of $221 million to $227 million and non-GAAP diluted EPS of $0.18 to $0.24.
The Board authorized an additional $100 million under the share repurchase program; $62.9 million remained available at quarter end.
Calix said on March 27, 2025 that it has nominated Michael Berry, former CFO of NetApp, for election to its board at the annual meeting on May 8, 2025, to fill the seat held by Ellie Fields. Fields chose not to stand for re-election and said the decision was not due to any disagreement with the company, and she plans to devote time to an AI startup. The filing is a board governance change with no reported financial results.
Michael Berry nominated March 21, 2025 as a Class III director with a term expiring at the 2028 annual meeting
Ellie Fields' term expires at the annual meeting scheduled for May 8, 2025
Berry would receive a $60,000 annual retainer plus $200,000 initial and $200,000 annual restricted stock awards
Calix reported fourth-quarter 2024 revenue of $206.1 million, up 2.6% from the prior quarter but down 22% from the year-ago quarter. The GAAP net loss was $17.9 million, or $0.27 per diluted share, compared with a $0.10 loss per share a year earlier. The company guided first-quarter 2025 revenue to $204 million to $210 million and non-GAAP earnings per diluted share to $0.10 to $0.16.
Q4 2024 revenue was $206.1 million, up 2.6% sequentially and down 22% from $264.7 million a year earlier.
GAAP net loss was $17.9 million, or $0.27 per diluted share; non-GAAP net income was $5.2 million, or $0.08 per diluted share.
First-quarter 2025 guidance: revenue of $204 million to $210 million and non-GAAP EPS of $0.10 to $0.16.
Remaining performance obligations rose 34% year over year to $325.8 million.
On October 28, 2024, Calix reported third-quarter 2024 results in a press release and stockholder letter filed under Item 2.02. Revenue fell 24% from a year earlier to $200.9 million and the company posted a GAAP net loss of $4.0 million, compared with net income of $17.0 million a year earlier, though revenue rose 1.4% from the prior quarter and non-GAAP EPS of $0.13 exceeded its July 22 guidance of $0.05 to $0.11. Fourth-quarter guidance calls for revenue of $201 million to $207 million and non-GAAP EPS of $0.04 to $0.10, which shareholders will weigh against the year-over-year decline.
Q3 revenue of $200.9 million rose 1.4% from the prior quarter and fell 24% from the year-earlier quarter.
GAAP net loss of $4.0 million, or $0.06 per diluted share, versus GAAP net income of $17.0 million a year earlier; non-GAAP EPS was $0.13.
Q4 2024 guidance: revenue of $201 million to $207 million; non-GAAP EPS of $0.04 to $0.10.
Remaining performance obligations were $295.7 million, up 35% from the year-earlier quarter.
Calix, Inc. increased its board from eight to nine directors and appointed Wade Oosterman as a Class II director, effective August 8, 2024, to fill the new seat. The filing describes his prior roles at Bell Canada and other telecom companies, but it reports no financial results, guidance, or change in executive leadership.
Board approved on August 8, 2024, expanding the board from eight to nine authorized directors
Oosterman's term as a Class II director expires at the 2027 annual meeting of stockholders
As a non-employee director, he receives a $50,000 annual retainer and an initial grant of 7,317 stock options
The company announced the appointment in a press release dated August 12, 2024
Calix reported second quarter 2024 results, with revenue of $198.1 million, down 24% from $261.0 million a year earlier and down 12% from the prior quarter. The company posted a GAAP net loss of $8.0 million, compared with GAAP net income of $9.4 million in the year-ago quarter, and guided third quarter revenue to $198.0 million to $204.0 million.
Q2 2024 revenue was $198.1 million, down 24% year over year and 12% sequentially; Q2 2024 non-GAAP diluted EPS was $0.09, within the $0.03 to $0.09 guidance given April 22, 2024.
GAAP net loss was $8.0 million, or $(0.12) per diluted share; non-GAAP net income was $6.1 million, versus $25.2 million a year earlier.
Non-GAAP gross margin was a record 55.1%, and management expects gross margin to keep rising each quarter.
Third quarter 2024 guidance calls for revenue of $198.0 million to $204.0 million and non-GAAP diluted EPS of $0.05 to $0.11.
Calix reported first quarter 2024 revenue of $226.3 million, down 9% from a year earlier, and non-GAAP net income of $14.4 million, down from $21.5 million a year earlier. It guided second quarter 2024 revenue to $197.0 million to $203.0 million, below the first quarter level, citing expected lower appliance shipments as customers weigh government broadband funding.
Q1 2024 revenue was $226.3 million, down 9% from a year ago and 15% from the prior quarter, within January guidance of $225.0 million to $231.0 million.
Q1 non-GAAP net income was $14.4 million; GAAP net income was $0.1 million. Non-GAAP earnings per diluted share were $0.21, within guidance of $0.17 to $0.23.
Q1 non-GAAP gross margin was a record 54.9%, while non-GAAP operating expenses were $108.4 million.
Q2 2024 guidance calls for revenue of $197.0 million to $203.0 million and non-GAAP earnings per diluted share of $0.03 to $0.09.
Calix reported record fourth-quarter 2023 revenue of $264.7 million, up 8% from a year earlier, and non-GAAP net income of $29.4 million, while GAAP results included a net loss of $4.1 million after $28.7 million in inventory and component charges tied to its legacy product wind-down. The company guided first-quarter 2024 revenue to $225 million to $231 million, below the fourth quarter, citing customers pausing appliance purchases ahead of government broadband funding, so shareholders face a weaker near-term revenue outlook.
Q4 2023 revenue was a record $264.7 million, up 8% year over year; non-GAAP net income per diluted share was $0.43 versus guidance of $0.33 to $0.39
GAAP net loss was $4.1 million, or $(0.06) per diluted share, reflecting $28.7 million in one-time charges
Q1 2024 revenue guidance is $225 million to $231 million; non-GAAP EPS guidance is $0.17 to $0.23
Company repurchased $44.0 million of stock in Q4 2023 and the Board authorized an additional $100 million
Calix reported unaudited third-quarter 2023 results on October 23, 2023, with revenue of $263.8 million, up 12% from $236.3 million a year earlier and up 1% from the prior quarter. Non-GAAP net income per diluted share was $0.45, above the $0.32 to $0.38 range the company gave on July 19, 2023, while GAAP net income per diluted share was $0.24. The company also guided fourth-quarter 2023 non-GAAP net income per diluted share to $0.33 to $0.39 on revenue of $261.0 million to $267.0 million.
Third-quarter revenue was $263.8 million, up 12% year over year, with GAAP gross margin of 53.3% and non-GAAP gross margin of 53.8%.
Non-GAAP net income per diluted share was $0.45 versus GAAP net income per diluted share of $0.24; non-GAAP guidance given July 19, 2023 was $0.32 to $0.38.
Fourth-quarter 2023 guidance: revenue of $261.0 million to $267.0 million and non-GAAP net income per diluted share of $0.33 to $0.39.
The company repurchased $32.4 million of common stock in the quarter, bringing its use of the $100 million authorized plan to $42.4 million.
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