Clearfield, Inc. 2Q 2026: Revenue $34.39M, EPS ($0.04) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Clearfield, Inc. reported a revenue of $34.39M for Q2 2026, a decline from $40.62M a year prior, resulting in a net loss of $528K and diluted EPS of ($0.04). This marks a significant drop from the previous year's net income of $1.33M and EPS of $0.09. The decrease in sales is attributed to lower demand in certain segments, despite growth from a national carrier and international markets. The company also faced gross margin pressure and noted operational challenges, including supply risks and delays related to BEAD.
Clearfield, Inc. reported second-quarter 2026 results with revenue of $34.39M, down from $40.62M a year earlier, and a net loss of ($528K) or diluted EPS of ($0.04), compared with net income of $1.33M and EPS of $0.09 in the prior-year quarter.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $34.39M | $40.62M | (15.3%) |
| Net income² | ($528K) | $1.33M | (139.8%) |
| Diluted EPS³ | ($0.04) | $0.09 | (144.4%) |
¹ Reported as “Net sales”. ² Reported as “Net (loss) income”. ³ Reported as “income per share”.
Business Highlights
- Net sales declined year-over-year, driven by lower demand in MSO, regional and community segments; H1 sales were down modestly versus the prior year.
- Channel mix shifted with continued focus on Broadband Service Providers; declines in MSO and large regional customers were partly offset by growth from a national carrier and international markets.
- Gross margin pressure reflected reduced overhead absorption from lower volumes, while inventory drawdown helped support order fulfillment and a seasonal rise in backlog.
- Manufacturing remains concentrated in Minnesota and Tijuana with global partners; company noted sale of Nestor Cables (discontinued operations), share repurchases, and cited BEAD-related delays and supply risks as near-term factors.
Original SEC Filing: Clearfield, Inc. [ CLFD ] - 10-Q - May. 07, 2026