Calix reports Q3 adjusted EPS 45c, consensus 36c

Reports Q3 revenue $263.8M, consensus $263.23M. The company said: “In the third quarter of 2023, the Calix team executed our tenth consecutive quarter of sequential revenue growth and our fifth consecutive quarter of sequential gross margin expansion, once again demonstrating predictability in our performance due to the unique strength of our platform and managed services model. We delivered record revenue of $263.8M, record GAAP gross margin of 53.3% and non-GAAP gross margin of 53.8%. Adoption of our platform continued with 12 new BSPs choosing to partner with Calix.”