Clearfield Q3 sales rise 13%, but company cuts fiscal 2026 outlook on industry demand
Clearfield reported fiscal third-quarter 2026 net sales from continuing operations of $43.9 million, up 13%, and diluted EPS from continuing operations of $0.22, up from $0.16. The company also reduced its fiscal 2026 outlook, citing industry demand constraints, and order backlog fell 34% to $21.0 million, which matters to shareholders because the lower guidance points to weaker sales and earnings ahead.
Key points
- Q3 net sales from continuing operations were $43.9 million, up from $38.8 million a year earlier; gross margin fell to 31.8% from 35.3%.
- Fiscal 2026 net sales guidance was cut to $151 million to $155 million, and EPS guidance to $0.14 to $0.21.
- Fourth-quarter guidance is net sales of $38 million to $42 million and EPS of $0.00 to $0.07.
- Backlog was $21.0 million at June 30, 2026, after removing a $4.6 million order the company no longer expects to fulfill.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.