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Investing.com -- Calix, Inc. (NYSE:CALX) shares jumped 7.7% in after-hours trading Wednesday after the broadband platform provider reported third-quarter results that significantly exceeded analyst expectations and issued an upbeat forecast for the current quarter.
The company reported adjusted earnings per share of $0.44 for the third quarter of 2025, handily beating the analyst consensus of $0.34. Revenue reached a record $265.4 million, surpassing analyst expectations of $246.21 million and representing a 32% increase YoY and 10% sequential growth.
Investors responded positively to Calix’s strong performance and optimistic outlook, sending shares higher. The company’s guidance for the fourth quarter also exceeded Wall Street forecasts, with projected revenue of $267-273 million versus analyst expectations of $251.3 million, and adjusted EPS guidance of $0.35-$0.41 compared to the consensus of $0.32.
"During the third quarter of 2025, the Calix team delivered record revenue of $265 million, our 5th quarter of consecutive revenue growth and an impressive sequential growth rate of 10% while guiding to continued sequential growth in the fourth quarter," said Calix in its shareholder letter.
The company achieved a record non-GAAP gross margin of 57.7%, improving 90 basis points sequentially and marking the seventh consecutive quarter of margin improvement. Calix added 20 new platform customers during the quarter.
Remaining performance obligations (RPOs) increased 20% YoY to $355 million, reflecting strong adoption of the company’s platform, cloud, and managed services. The company also generated $27 million in free cash flow, its tenth consecutive quarter of eight-figure free cash flow.
Calix continues to expand its offerings, announcing plans to launch its third-generation platform and Calix Agent Workforce in the fourth quarter of 2025, which will leverage AI capabilities to help broadband experience providers improve operations and customer service.
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