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8-K ·Filed May 6, 2026

CLFD

Clearfield, Inc.
BEARISH
Impact 6/10
Horizonweeks Processed5mo ago SEC0001171843-26-003066
8-K Item 2.02: Earnings release
Actionable Insight ▼ Bearish

The revenue decline and loss-making quarter are concerning, but the strong backlog growth (+39% QoQ) and reaffirmed full-year guidance suggest a potential revenue ramp in H2. Watch Q3 results closely for confirmation of the pickup and margin recovery.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
CLFD ▼ -14.35% at T+60d
SHORT call ✓ call won +14.35% · α vs SPY +18.18% · entry $37.49 → $32.11
Entry = T+0 close
May 6, 2026
via day close
T+1d
0.00%
call 0.00% · α +0.83%
$37.49
settled 6mo ago
T+5d
+13.39%
call -13.39% · α -11.89%
$42.51
settled 6mo ago
T+20d
+20.38%
call -20.38% · α -17.24%
$45.13
settled 5mo ago
T+60d
-14.35%
call +14.35% · α +18.18%
$32.11
settled 3mo ago

Price Chart

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Executive Summary

Clearfield reported Q2 fiscal 2026 results with net sales down 15% YoY to $34.4M and a net loss of $0.5M ($0.04/sh) vs prior-year income of $2.5M ($0.18/sh). The revenue decline and swing to loss are partially offset by a 39% sequential backlog increase to $31.6M and reaffirmed full-year guidance, but the headline numbers indicate worsening fundamentals.

Key Financial Metrics

EPS
−$0.04
est −$0.04 · 0.0%
Revenue
$34.4M
-15.3% YoY
Rating
miss
Guidance
$160M-$170M (FY) | $42M-$46M (Q3)
maintained
Gross Margin
32.5%

Key Facts

  • Net sales from continuing operations declined 15% YoY to $34.4M from $40.6M
  • Net loss from continuing ops was $0.5M ($0.04/sh) vs net income of $2.5M ($0.18/sh) a year ago
  • Order backlog increased 39% sequentially to $31.6M as of March 31, 2026
  • Full-year FY2026 guidance reaffirmed: net sales $160M-$170M, EPS $0.48-$0.62
  • Q3 FY2026 guidance: net sales $42M-$46M, EPS $0.17-$0.21
  • Gross margin compressed to 32.5% from 34.4% a year ago
  • Operating expenses rose 8% to $13.2M, 38.5% of sales
  • Share buybacks totaled $7.3M in Q2; $15.9M remaining on authorization

Financial Impact

Revenue decline of $6.2M vs prior year; net loss of $0.5M vs prior-year income of $2.5M; EPS swung from $0.18 profit to $0.04 loss

revenueepsgross marginoperating income

Risk Factors

  • Continued revenue decline if broadband demand does not materialize
  • Tariff and supply chain uncertainties may pressure margins further
  • High customer concentration and lumpy ordering patterns

Market Snapshot

Exchange
Nasdaq
Sector
Telephone & Telegraph Apparatus
Analyst Consensus
90% bullish (10 analysts)

Investment Themes

Media & Telecom

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001171843-26-003066
Document: f8k_050626.htm0001171843-26-003066
Document: 0001171843-26-003066-index-headers.html0001171843-26-003066
Document: 0001171843-26-003066-index.html0001171843-26-003066
Document: 0001171843-26-003066.txt0001171843-26-003066
8-K Data (Synthetic)0001171843-26-003066
8 reports for CLFD
Performance horizon
33% Hit rate @ T+20 1 of 3 directional calls Went positive at some point 1 of 3 best @ T+60▲ +27.73%May 11, 2026
Filters
Rows
Reports for CLFD — sortable, filterable
TypeNow
Oct 20, 2026
7d ago
8-K
NEUTRAL ★ 4/10
$29.31awaiting T+20—$30.64 (+4.54%)
Oct 19, 2026
8d ago
SC 13G/A
NEUTRAL ★ 4/10
$30.60awaiting T+20—$30.64 (+0.13%)
Aug 5, 2026
11w ago
8-K
BEARISH ★ 7/10
$26.66 $28.32▼ −6.23%▼ −5.63%$30.64 (−14.93%)
Aug 5, 2026
11w ago
Press Release
BEARISH ★ 7/10
$26.66 $28.32▼ −6.23%▼ −5.63%$30.64 (−14.93%)
Jul 22, 2026
13w ago
Press Release
NEUTRAL ★ 1/10
$30.50 $27.54▼ −9.70%▼ −13.01%$30.64 (+0.46%)
May 11, 2026
24w ago
Insider Cluster
BEARISH ★ 5/10
$46.73 $39.37▲ +15.75%▲ +15.45%$30.64 (+34.43%)
May 6, 2026
24w ago
8-K
BEARISH ★ 6/10
$37.49 $45.13▼ −20.38%▼ −17.24%$30.64 (+18.27%)
May 6, 2026
24w ago
Press Release
MIXED ★ 6/10
$37.49 $45.13▲ +20.38%▲ +17.24%$30.64 (−18.27%)
Showing 8 of 8

US Market Status

Market Closed — Opens Thu (11h 28m)

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Report published May 6, 2026