Company: CALX
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001406666-25-000035
Chunk: 31

Company: CALIX, INC
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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2025June 29,2024VarianceinDollarsVarianceinPercentJune 28,2025June 29,2024VarianceinDollarsVarianceinPercentLarge$27,836 $11,995 $15,841 132 %$49,480 $28,100 $21,380 76 %Medium39,251 24,366 14,885 61 %64,112 52,252 11,860 23 %Small174,795 161,778 13,017 8 %348,532 344,097 4,435 1 %$241,882 $198,139 $43,743 22 %$462,124 $424,449 $37,675 9 %

Our revenue increased by $43.7 million and $37.7 million for the three and six months ended June 28, 2025, respectively, as compared to the corresponding periods in 2024. After bottoming in the second quarter last year, we have experienced sequential quarterly revenue growth. That growth has been broad based. Specifically, during the second quarter of 2025, the large-customer segment increased $15.8 million primarily due to a North American customer that increased its capital expenditures this year relative to last year and the reclassification of a small customer to the large-customer segment after being acquired by a different large customer. The medium-customer segment increased $14.9 million primarily due to increased shipments to a European customer. The small-customer segment increased by $13.0 million as BXPs focused on adding subscribers.

For the three and six months ended June 28, 2025, United States revenue was $219.0 million and $430.2 million, or 91% and 93% of our revenue, compared to $182.7 million and $392.8 million, or 92% and 93% of our revenue for the same periods in 2024. International revenue was $22.8 million and $31.9 million, or 9% and 7% of our revenue, for the three and six months ended June 28, 2025, as compared to $15.4 million and $31.7 million, or 8% and 7% of our revenue, for the same periods in 2024. The increase in international revenue for the three and six