Calix (NYSE: CALX) beat expectations in Q2 2025, delivering 10% sequential revenue growth and accelerating its broadband platform transformation with agentic AI.
Calix reported second-quarter revenue of $241.9 million, up 22% year-over-year, as its broadband experience provider (BXP) customers continued adopting its appliance-based platform, cloud and managed services. The company’s gross margin rose to a record 56.8% on a non-GAAP basis, while free cash flow hit $35.6 million, marking its 20th consecutive positive quarter.
CEO Michael Weening highlighted the launch of Calix’s third-generation platform, built for AI automation and sovereign cloud expansion, aimed at helping providers streamline operations and scale subscriber growth. The agentic AI integration is expected to amplify customer success capabilities and drive higher-margin services.
In the quarter, Calix added 18 new platform customers and saw strong momentum across managed services and international markets, with overseas revenue surging 152% sequentially. The company also repurchased 1 million shares and ended the quarter with $299 million in cash and investments.
Guidance for Q3 2025 forecasts revenue of $243–$249 million and further margin expansion, signaling sustained demand for Calix’s platform amid industry disruption and commoditization.
“Our team has lived the innovator’s dilemma and emerged as a platform leader, now poised to scale transformation for our customers through AI,” Weening said.