Clearfield Reports Second Quarter Fiscal 2026 Results
Clearfield reported Q2 revenue of $34.4 million, down 15% year-over-year, and swung to a net loss of $0.04 per share, attributing the decline to a large customer pull-in in the prior year. Despite the headline miss, order backlog increased 39% sequentially to $31.6 million, and management reiterated full-year guidance for 10% topline growth at the midpoint.
Key figures
- Revenue
- 34400000
- Guidance
- FY26 revenue $160M-$170M (reiterated), Q3 revenue $42M-$46M, Q3 EPS $0.17-$0.21
- Revenue Yoy
- -15
- Backlog
- 31600000
- Gross margin
- 32.5%
- Buyback amount
- 7300000
- Buyback remaining
- 15900000
- Shares repurchased
- 237000
AI analysis
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