Calix sees Q4 EPS 35c-41c, consensus 31c

Sees Q4 revenue $267M-$273M, consensus $251.04M. The company said, “Our guidance for the fourth quarter of 2025, ending December 31, 2025, reflects our expectations as of the date of this letter. Our revenue guidance for the fourth quarter of 2025 is for revenue to be between $267 million and $273 million, up 2% (at the midpoint) from the prior quarter taking into consideration the robust demand that we are seeing across our customer base. Our non-GAAP gross margin guidance for the fourth quarter of 2025 of 57.75% (at the midpoint) would be a slight increase from the prior quarter reflecting expected customer and product mix for the fourth quarter of 2025. This guidance would equate to annual gross margin improvement in 2025 at the high end of our Target Financial Model range of 100 to 200 basis points, reflecting the growth of our platform, cloud and managed services.”