Calix, Inc
Securities Class Action
Company Name: Calix, Inc (CALX)
Download ComplaintJanuary 28, 2026 - April 21, 2026
July 27, 2026|52 days left
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Allegations
On April 21, 2026, after the market closed, Calix reported results for the first quarter of 2026 earnings, including that “[n]on-GAAP gross margin was 57.2%, a decrease of 80 basis points sequentially.” Further, the Company reported gross margin guidance for the second quarter of 2026 is “55.8% (at the midpoint) is down 140 basis points from the previous quarter. This decline is primarily due the increase in memory component costs.” In an accompanying earnings call on the same day, Calix’s Chief Financial Officer, Cory Sindelar, said that “advanced purchasing had allowed us to avoid higher memory component costs during the first quarter. However, that advanced supply has run its course, and we now face market prices.” Sindelar further revealed that, “reflecting the effects of higher memory component costs,” “[f]or the year, we expect our non-GAAP gross margin to decline between 50 and 150 basis points.” On this news, Calix’s stock price fell $6.93 per share, or 13.98%, to close at $42.65 per share on April 22, 2026.
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