Fiber optic products maker Clearfield's Q1 sales beat expectations

Clearfield

04/02/2026 21:08

Overview

Fiber connectivity firm's fiscal Q1 net sales rose 16%, beating analyst expectations

Gross margin improved by 4 percentage points to 33.2%

Company repurchased $5.2 mln in shares during the quarter

Outlook

Clearfield reiterates fiscal 2026 net sales guidance of $160 mln to $170 mln

Company anticipates Q2 fiscal 2026 net sales of $32 mln to $35 mln

Clearfield sees fiscal 2026 EPS between $0.48 and $0.62

Result Drivers

COMMUNITY BROADBAND - Increased sales in Community Broadband sector drove net sales growth, recovering from BEAD program delays

GROSS MARGIN IMPROVEMENT - Gross margin improved due to better overhead absorption and inventory utilization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$34.30 mln
$31.70 mln (4 Analysts)
Q1 EPS
-$0.02
Q1 Gross Profit
$11.4 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 $44.00, about 46% above its February 3 closing price of $30.13

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 56 three months ago

Press Release: ID:nGNX50ZYr7

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)