The revenue beat and backlog growth signal demand recovery, but the EPS miss and YoY decline temper enthusiasm. Traders should monitor Q3 results for confirmation of the guided profitability rebound and tariff-related supply chain impacts that could disrupt the turnaround.
Price Chart
Executive Summary
Clearfield reported Q2 fiscal 2026 EPS of -$0.04, missing consensus of $0.01 by 500%, while revenue of $34.4M exceeded the $33.6M estimate by 2.4%. Revenue fell 15% YoY, but order backlog surged 39% sequentially to $31.6M. The company reaffirmed FY2026 guidance for revenue of $160-170M and EPS of $0.48-$0.62, with Q3 guidance implying a return to profitability.
Key Financial Metrics
Key Facts
- Q2 FY2026 EPS from continuing ops: -$0.04 vs consensus $0.01 (miss)
- Q2 revenue: $34.4M vs consensus $33.6M (beat)
- Revenue declined 15% YoY from $40.6M
- Order backlog grew 39% from Dec 31, 2025 to $31.6M
- FY2026 guidance maintained: revenue $160-170M, EPS $0.48-$0.62
- Q3 guidance: revenue $42-46M, EPS $0.17-$0.21
- Gross margin fell 190 bps YoY to 32.5%
- Operating loss of $2.1M vs income of $1.7M in prior year
- Company repurchased $7.3M in shares during the quarter
Financial Impact
EPS miss of $0.05 vs consensus ($0.01 expected vs -$0.04 actual); revenue beat of ~$0.8M. Full-year guidance implies ~$165M revenue midpoint with EPS ~$0.55.
Risk Factors
- Tariff and supply chain uncertainty could impact guidance achievability
- Continued revenue decline and operating losses may pressure the stock
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3289284 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $29.31 | awaiting T+20 | — | $29.40 (+0.31%) |
Oct 19, 2026 8d ago | SC 13G/A | $30.60 | awaiting T+20 | — | $29.40 (−3.92%) |
Aug 5, 2026 11w ago | 8-K | $26.66 $28.32 | ▼ −6.23% | ▼ −5.63% | $29.40 (−10.28%) |
Aug 5, 2026 11w ago | Press Release | $26.66 $28.32 | ▼ −6.23% | ▼ −5.63% | $29.40 (−10.28%) |
Jul 22, 2026 13w ago | Press Release | $30.50 $27.54 | ▼ −9.70% | ▼ −13.01% | $29.40 (−3.61%) |
May 11, 2026 24w ago | Insider Cluster | $46.73 $39.37 | ▲ +15.75% | ▲ +15.45% | $29.40 (+37.09%) |
May 6, 2026 24w ago | 8-K | $37.49 $45.13 | ▼ −20.38% | ▼ −17.24% | $29.40 (+21.58%) |
May 6, 2026 24w ago | Press Release | $37.49 $45.13 | ▲ +20.38% | ▲ +17.24% | $29.40 (−21.58%) |
US Market Status
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