Description

Calix’s Next Frontier: Can MDUs & International Push Boost Its Market Performance?

Calix, Inc. reported a robust third quarter for 2025, marking significant increases in both revenue and other key financial metrics. The company achieved a record revenue of $265 million, reflecting a 10% sequential quarterly growth. This performance was attributed to broad-based demand from its BXP customers, who are expanding their subscriber base and network footprint. Additionally, Calix reported new customer acquisitions, with 20 new clients adopting their platform, contributing to the solid growth trajectory. A standout area for Calix has been its gross margin, which reached a record 57.7%, marking the seventh consecutive quarter of gross margin improvement. This reflects the company’s effective cost management and the value proposition of its platform services. The company also reported a strong free cash flow of $27 million, marking the tenth consecutive quarter of generating 8-figure free cash flows.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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