Calix, Inc. (NYSE: CALX)

This lawsuit is for anyone who acquired securities in Calix, Inc. (NYSE: CALX) from January 28, 2026 to April 21, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors when discussing future gross margin by failing to mention that the Company was purchasing memory components in advance of needing the components to hedge against future cost increases of those components.

On April 21, 2026, Calix reported results for the first quarter of 2026 earnings, including that “Non-GAAP gross margin was 57.2%, down 80 basis points sequentially.” Further, the Company reported, “gross margin guidance for the second quarter of 2026 is between 54.25% and 57.25%” and “[f]or the year, we expect our non-GAAP gross margin to decline between 50 and 150 basis points.” In the accompanying earnings call, the Company’s CFO stated “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.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Calix, Inc. (NYSE: CALX) from January 28, 2026 to April 21, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.