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Investing.com -- Calix, Inc. (NYSE:CALX) shares jumped 13% in after-hours trading Wednesday after the cloud and software platforms provider reported first quarter earnings that beat analyst expectations and issued upbeat guidance.
The San Jose, California-based company posted adjusted earnings per share of $0.19 for Q1 2025, surpassing the analyst consensus of $0.13. Revenue came in at $220.24 million, exceeding estimates of $207.3 million and representing a 6.9% increase from the previous quarter, though down 2.7% YoY.
Calix’s Q2 2025 outlook also topped Wall Street projections. The company expects adjusted EPS of $0.18-$0.24 on revenue of $221-227 million, compared to analyst estimates of $0.16 EPS and $211.1 million in revenue.
"The first quarter of 2025 delivered strong sequential revenue growth of 7%, reflecting an acceleration of deployments by our customers on Calix’s appliance-based platform, cloud and managed services model," said Michael Weening, President and CEO of Calix.
Gross margin expanded to a record 56.2% on a non-GAAP basis, up 130 basis points YoY. The company generated $17.2 million in operating cash flow and repurchased 1.2 million shares during the quarter.
Calix also announced its board has authorized an additional $100 million for share repurchases, signaling confidence in its outlook.
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