The earnings call highlighted strong revenue growth, record gross margins, and new customer wins, showcasing the company's strategic progress. However, attention was drawn to potential margin pressure and uncertainty regarding government programs. Overall, the positive aspects, such as growth in RPOs and new customer acquisitions, outweigh the concerns.

Company Guidance

During the Calix Fourth Quarter 2024 earnings call, the company provided optimistic guidance for the upcoming fiscal year. They reported strong fourth-quarter revenue of $206 million, which was at the high end of their guidance range and marked a 2.6% sequential growth. The demand for Platform Cloud and managed services was robust, as evidenced by a 10% sequential increase in Remaining Performance Obligations (RPOs) to $326 million, representing a 34% year-over-year growth. The company achieved a record non-GAAP gross margin of 55.5% in Q4. For Q1 2025, Calix anticipates revenue between $204 million and $210 million, with a flat to slightly increased non-GAAP gross margin due to product mix. They expect annual gross margin improvement at the lower end of their target financial model of 100 to 200 basis points. Calix also plans to keep operating expenses flat to slightly up in 2025 compared to 2024. Their strategic focus remains on expanding their footprint, landing new broadband service providers, and consistently expanding their platform, cloud, and managed services, helping their customers transform into broadband experience providers.

Strong Revenue and Growth in RPOs

Fourth quarter revenue reached $206 million, at the high end of guidance, with a sequential quarterly growth of 2.6%. RPOs (Remaining Performance Obligations) grew 10% sequentially to $326 million and increased 34% year-over-year.

Record Non-GAAP Gross Margin

Achieved a record non-GAAP gross margin of 55.5% in the fourth quarter, driven by strong demand for Platform Cloud and managed services.

New Customer Wins

Added 18 new ESP customers in Q4, with the majority being competitive takeaways. Additionally, 21 customers adopted the platform, and 32 customers deployed managed services for the first time.

Strong Balance Sheet

Ended the year with record cash and investments of $297 million. Inventory turns were strong at 3.1, exceeding the target range when excluding component inventory.

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Calix (CALX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CALX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 28, 2025	2025 (Q1)	0.13 / -	0.21	―	―	―
Jan 29, 2025	2024 (Q4)	0.07 / 0.08	0.43	-81.40% (-0.35)	―
Oct 28, 2024	2024 (Q3)	0.09 / 0.13	0.45	-71.11% (-0.32)	―
Jul 22, 2024	2024 (Q2)	0.06 / 0.09	0.36	-75.00% (-0.27)	―
Apr 22, 2024	2024 (Q1)	0.20 / 0.21	0.31	-32.26% (-0.10)	―
Jan 29, 2024	2023 (Q4)	0.36 / 0.43	0.34	26.47% (+0.09)	―
Oct 23, 2023	2023 (Q3)	0.36 / 0.45	0.34	32.35% (+0.11)	―
Jul 19, 2023	2023 (Q2)	0.32 / 0.36	0.22	63.64% (+0.14)	―
Apr 19, 2023	2023 (Q1)	0.28 / 0.31	0.22	40.91% (+0.09)	―
Jan 25, 2023	2022 (Q4)	0.27 / 0.34	0.26	30.77% (+0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CALX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	$36.87	$40.18	+8.98%
Oct 28, 2024	$39.47	$37.74	-4.38%
Jul 22, 2024	$37.39	$35.04	-6.29%
Apr 22, 2024	$29.56	$28.03	-5.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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