Calix, Inc. Q3 2025 Earnings Release

Calix, Inc. (NYSE: CALX) announced its unaudited financial results for the third quarter of 2025, reporting record revenue of $265 million, a 10% sequential growth. The company achieved a non-GAAP gross margin of 57.7%, marking its seventh consecutive quarter of margin improvement. Calix added 20 new platform customers during the quarter, contributing to a 20% year-over-year increase in remaining performance obligations (RPOs) to $355 million. The company also generated $27 million in free cash flow, marking its tenth consecutive quarter of eight-figure free cash flow. Calix highlighted the launch of its third-generation platform for agentic AI, which is expected to further enhance customer success and operational efficiency. The company provided guidance for the fourth quarter of 2025, anticipating revenue between $267 million and $273 million and a non-GAAP gross margin of 57.75%.