Calix reports Q2 remaining performance obligations up 30% to $347M

The company said, “During the second quarter of 2025, the Calix (CALX) team delivered strong sequential revenue growth of 10%, as our broadband experience provider customers continued to win new subscribers, drive down churn and grow revenue via the unique capabilities of our appliance-based platform, cloud and managed services model. As a result, our remaining performance obligations rose 30% year-over-year and 2% quarter-over-quarter to $347 million, and gross margin hit another record, increasing sequentially by 60 basis points. The market disruption continued as 18 customers began their journey with our appliance based platform, cloud and managed services model, and for the first time, a large customer adopted our cloud.”