The guidance cut is the dominant signal — expect downward pressure on the stock as demand weakness in broadband end-markets persists. Monitor Q4 delivery against the lowered $38-42M revenue range and the $22M hyperscale data center order's conversion to revenue in early fiscal 2027. The $15M buyback authorization provides a modest floor.
Price Chart
Executive Summary
Clearfield reported Q3 fiscal 2026 revenue of $43.9M (+13% YoY) and EPS of $0.22, missing consensus by 8.3%. The company slashed its full-year FY2026 guidance: revenue lowered to $151-155M (from $160-170M) and EPS to $0.14-0.21 (from $0.48-0.62), citing industry demand constraints and supply chain/tariff uncertainty. Backlog fell 34% sequentially to $21.0M, including a $4.6M order removal. A $22M hyperscale data center order received post-quarter is a positive but deliveries start in early fiscal 2027.
Key Financial Metrics
Key Facts
- Q3 FY2026 net sales from continuing operations: $43.9M (+13% YoY vs $38.8M)
- Q3 diluted EPS from continuing ops: $0.22 (vs $0.16 YoY), missed consensus $0.24 by 8.3%
- FY2026 guidance lowered: revenue $151-155M (from $160-170M), EPS $0.14-0.21 (from $0.48-0.62)
- Q4 FY2026 guidance: revenue $38-42M, EPS $0.00-0.07
- Order backlog $21.0M at June 30, 2026, down 34% from $31.6M on March 31, 2026
- Gross margin 31.8% vs 35.3% a year ago; included $2.6M inventory charge and $655K non-recurring tariff recoveries
- Post-quarter: received first significant $22M order for a hyperscale data center project
- Share buybacks: $0.9M in Q3; $15.0M remaining under program
Financial Impact
FY2026 revenue guidance cut by ~7% at midpoint ($165M to $153M); EPS guidance slashed by ~67% ($0.55 to $0.175 at midpoint)
Risk Factors
- Supply chain constraints on optical fiber could worsen
- Evolving tariff situation creates further uncertainty
- Customer consolidation and BEAD program delays may slow broadband spending
- Backlog decline suggests near-term order weakness beyond the $4.6M order removal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-005241 |
| Document: f8k_080526.htm | 0001171843-26-005241 |
| Document: 0001171843-26-005241-index-headers.html | 0001171843-26-005241 |
| Document: 0001171843-26-005241-index.html | 0001171843-26-005241 |
| Document: 0001171843-26-005241.txt | 0001171843-26-005241 |
| 8-K Data (Synthetic) | 0001171843-26-005241 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $29.31 | awaiting T+20 | — | $30.64 (+4.54%) |
Oct 19, 2026 8d ago | SC 13G/A | $30.60 | awaiting T+20 | — | $30.64 (+0.13%) |
Aug 5, 2026 11w ago | 8-K | $26.66 $28.32 | ▼ −6.23% | ▼ −5.63% | $30.64 (−14.93%) |
Aug 5, 2026 11w ago | Press Release | $26.66 $28.32 | ▼ −6.23% | ▼ −5.63% | $30.64 (−14.93%) |
Jul 22, 2026 13w ago | Press Release | $30.50 $27.54 | ▼ −9.70% | ▼ −13.01% | $30.64 (+0.46%) |
May 11, 2026 24w ago | Insider Cluster | $46.73 $39.37 | ▲ +15.75% | ▲ +15.45% | $30.64 (+34.43%) |
May 6, 2026 24w ago | 8-K | $37.49 $45.13 | ▼ −20.38% | ▼ −17.24% | $30.64 (+18.27%) |
May 6, 2026 24w ago | Press Release | $37.49 $45.13 | ▲ +20.38% | ▲ +17.24% | $30.64 (−18.27%) |
US Market Status
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