Calix(CALX) - 2025 Q1 - Quarterly Results

Exhibit 99.2 April 21, 2025 Fellow Calix stockholders: The first quarter of 2025 delivered strong sequential revenue growth of 7%, reflecting an acceleration of deployments by our customers on Calix's appliance-based platform, cloud and managed services model. Once again, we delivered record gross margin as our broadband experience providers, or BXPs, leveraged our platform, cloud and managed services to provide differentiated experiences and gain new subscribers. As a result, our remaining performance obli ...