- Calix, Inc CALX reported third quarter non-GAAP revenue growth of 37% year over year to $236.33 million, beat the consensus of $215.25 million.
- Robust bookings combined with supply chain outperformance led to solid quarterly results.
- Non-GAAP gross margin decreased 150 basis points to 50.7% due to supply chain challenges.
- Adjusted earnings per share of $0.34 beat consensus of $0.23.
- Calix had $234.7 million in cash and cash equivalents and generated $3.3 million in non-GAAP free cash flow.
- Calix is forecasting fourth-quarter revenue of $237-$243 million, ahead of consensus of $218 million, and non-GAAP EPS of $0.22-$0.28 versus consensus from $0.23.
- Price promotion: CALX shares traded 16.37% higher at $70.22 on the latest check Tuesday.
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