Clearfield Q2 net sales fall, posts net loss

Clearfield

06/05/2026 21:15

Overview

U.S. fiber connectivity firm's fiscal Q2 net sales fell 15% yr/yr due to prior order timing

Company posted net loss per share of $0.04, compared to net income a year earlier

Clearfield repurchased $7.3 mln in shares

Outlook

Clearfield reiterates fiscal 2026 revenue guidance of $160 mln to $170 mln and EPS of $0.48-$0.62

Company expects Q3 2026 net sales of $42 mln to $46 mln and EPS of $0.17-$0.21

Guidance reflects potential supply chain constraints and tariff-related uncertainty impacting business

Result Drivers

ORDER TIMING - Co said Q2 sales decline was partly due to a large customer order being pulled into the prior year's quarter

COMMUNITY BROADBAND GROWTH - Year-to-date revenue in Community Broadband segment rose 5%, per CFO Dan Herzog

BACKLOG INCREASE - Order backlog rose 39% from the prior quarter, positioning co for annual guidance, per CFO Dan Herzog

Company press release: ID:nGNXbgJkpl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Gross Profit
$11.20 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Clearfield Inc is $44.50, about 49.3% above its May 5 closing price of $29.81

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 38 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)