Calix Q2 revenue falls 24% to $198.1 million; GAAP net loss of $8.0 million
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.
Key points
- 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.
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 July 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.