Clearfield Q2 Sales Drop 15% to $34.4M, Backlog Up 39%
CLFD•Clearfield’s fiscal Q2 net sales fell 15% year-over-year to $34.4 million, resulting in a $0.04 loss per share, while backlog surged 39% to $31.6 million. The company reaffirmed full-year revenue guidance of $160–170 million and repurchased $7.3 million of shares with $15.9 million remaining.
1. Q2 2026 Financial Performance
Clearfield recorded net sales of $34.4 million in fiscal Q2, down 15% from $40.6 million a year earlier, with gross margin narrowing to 32.5% and a net loss of $0.04 per diluted share. Operating expenses rose 8% to $13.2 million, driving a $2.1 million operating loss.
2. Order Backlog Growth
Purchase orders received but not yet fulfilled climbed to $31.6 million as of March 31, a 39% increase from December 31’s $22.8 million and a 12% rise year-over-year, reflecting strong demand in the Community Broadband segment.
3. Share Repurchase and Outlook
The company repurchased 237,000 shares for $7.3 million in Q2, leaving $15.9 million available under its buyback program. Clearfield reaffirmed full-year revenue guidance of $160–170 million and forecast Q3 net sales of $42–46 million with EPS of $0.17–0.21.
