Calix Q1 revenue falls 9% to $226.3 million; Q2 revenue outlook lower
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.
Key points
- 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.
The filing
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 April 22, 2024.
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.