Kirby McInerney LLP reminds Calix, Inc. investors of the July 27, 2026 deadline to seek the role of lead plaintiff in a pending federal securities class action. The lawsuit, filed on behalf of purchasers of Calix securities between January 28, 2026 and April 21, 2026, alleges that the company's first quarter margins had significantly benefited from advanced purchasing of memory components, that its advanced supply was dwindling, and that it consequently faced negative margin pressure as it was forced to buy memory components at rising market prices. On April 21, 2026, Calix reported first quarter 2026 earnings showing non-GAAP gross margin of 57.2%, down 80 basis points sequentially, and guided second quarter gross margin between 54.25% and 57.25%, with full-year non-GAAP gross margin expected to decline between 50 and 150 basis points. The CFO stated during the earnings call that advanced purchasing had allowed the company to avoid higher memory component costs during the first quarter, but that supply had run its course and the company now faced market prices. Calix shares fell $6.93, or approximately 14%, from $49.58 on April 21, 2026 to close at $42.65 on April 22, 2026.
Calix IncCalix's advanced purchasing of memory components ran out, leading to higher costs and margin pressure.