Clearfield reported third quarter net sales from continuing operations of $43.9 million, up 13% year-over-year, and EPS from continuing operations of $0.22, up from $0.16. Despite the quarterly performance, the company significantly lowered its full-year 2026 guidance, citing industry demand constraints. On a positive note, Clearfield secured a $22 million order for a hyperscale data center project after the quarter's close.
Key Highlights
- Full-year fiscal 2026 guidance was reduced to a revenue range of $151 million to $155 million and an EPS range of $0.14 to $0.21.
- The company received its first significant hyperscale data center order, valued at $22 million, with shipments expected to begin in early fiscal 2027.
- Order backlog decreased to $21.0 million as of June 30, 2026, down 32% from the prior year, which included the removal of a $4.6 million order the company no longer expects to fulfill.
- Third quarter gross margin contracted to 31.8% from 35.3% a year ago, impacted by a $2.6 million inventory charge related to the removed order.