The MODIS is a key instrument for NASA’s EOS program, currently operated onboard the Terra and Aqua spacecraft launched in 1999 and 2002, respectively. The VIIRS is a MODIS follow-on instrument for the JPSS program. Adding to the ones operated onboard the S-NPP and NOAA-20 satellites launched in 2011 and 2017, respectively, three nearly identical VIIRS instruments will also be launched. This will enable the data records from MODIS and VIIRS to be extended beyond 2040. In addition to various applications and scientific studies of the Earth’s system, long-term data records from MODIS and VIIRS observations will greatly benefit the space-based climate observing system. This is attributed to the high-quality measurements and extensive calibration efforts, from pre-launch to post-launch. This paper provides an overview of MODIS and VIIRS calibration history and approaches applied to establish and maintain sensor calibration traceability and accuracy. It illustrates calibration and performance issues through different phases of the mission using examples derived from ground testing equipment, on-board calibrators, and other calibration targets. Moreover, discussed in this paper are outstanding challenges and future efforts to maintain and improve sensor calibration stability and long-term data quality, and to better support the space-based climate observing system.