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AI brief of an SEC Form 8-K · Calix (CALX)

Calix Q3 revenue rises 12% to record $263.8 million; non-GAAP EPS $0.45 beats guidance

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyCalix (CALX)
Form8-K, current report
Filed with the SECOct 23, 2023, 4:13 PM ET
Accession number0001406666-23-000039

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.