Calix(CALX) - 2025 Q2 - Quarterly Results

Exhibit 99.2 July 21, 2025 Fellow Calix stockholders: During the second quarter of 2025, the Calix team delivered strong sequential revenue growth of 10%, as our broadband experience provider customers (BXPs) 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 (RPOs) rose 30% year-over-year and 2% quarter-over- quarter to $347 million, and gross ma ...