Clearfield FY26 Q3 net income rises 29% to $3 million; net sales climb 13% to $43.9 million
CLFD•Fiscal Q3 results
Clearfield posted fiscal Q3 net sales up 13% to $43.9 million; diluted EPS from continuing operations rose 38% to $0.22.
Net income rose 29% to $3 million.
Margins, backlog and outlook
Gross margin slipped 3.5 percentage points to 31.8% due to a $2.6 million inventory charge tied to an unfulfilled order.
Order backlog fell 34% from the prior quarter to $21 million, reflecting removal of a $4.6 million order it no longer expects to fulfill.
After quarter-end, it landed a $22 million hyperscale data center order; shipments are expected to begin in early fiscal 2027.
Clearfield cut fiscal 2026 outlook to net sales of $151 million-$155 million, projecting EPS of $0.14-$0.21.
