)
Overview
<ul>
<li>Fiber connectivity firm’s fiscal Q1 net sales rose 16%, beating analyst expectations</li>
<li>Gross margin improved by 4 percentage points to 33.2%</li>
<li>Company repurchased $5.2 mln in shares during the quarter</li>
</ul>
Outlook
<ul>
<li>Clearfield reiterates fiscal 2026 net sales guidance of $160 mln to $170 mln</li>
<li>Company anticipates Q2 fiscal 2026 net sales of $32 mln to $35 mln</li>
<li>Clearfield sees fiscal 2026 EPS between $0.48 and $0.62</li>
</ul>
Result Drivers
<ul>
<li>COMMUNITY BROADBAND - Increased sales in Community Broadband sector drove net sales growth, recovering from BEAD program delays</li>
<li>GROSS MARGIN IMPROVEMENT - Gross margin improved due to better overhead absorption and inventory utilization</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q1 Sales Beat $34.30 $31.70
mln mln (4
Analysts
)
<h3>Q1 EPS -$0.02</h3>
Q1 Gross $11.4
Profit mln
Analyst Coverage
<ul>
<li>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”</li>
<li>The average consensus recommendation for the communications &amp; networking peer group is “buy”</li>
<li>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</li>
<li>The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 56 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)

Fiber optic products maker Clearfield's Q1 sales beat expectations