Calix (CALX) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
President and Chief Executive Officer — Michael Weening Chief Financial Officer — Cory Sindelar Vice President, Investor Relations — Nancy Fazioli Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Revenue -- $280 million, a new record, representing a 3% sequential increase driven by platform demand. Customer Growth -- Added 14 new customers during the quarter, supporting expansion in their local markets. Remaining Performance Obligations (RPO) -- $376 million, down 2% sequentially but up 11% year over year, reflecting platform migration completion. Current RPO -- $157 million, a record high, up 3% sequentially and 22% year over year, indicating continued contract momentum. Non-GAAP Gross Margin -- 57.2%, down 80 basis points from the prior quarter, but up 100 basis points year over year, impacted by dual cloud migration costs. Free Cash Flow -- Generated $7 million in free cash flow. DSO (Days Sales Outstanding) -- 36 days at quarter end. In
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