Clearfield Reports Fourth Quarter and Full Year Fiscal 2026 Results
Key Highlights
- ➤Fiscal 2027 revenue guidance $195 million-$205 million, just over 30% growth midpoint
- ➤Fiscal 2026 sales $151.9 million, up 1%, while EPS fell to $0.16
- ➤Order backlog increased 75% to $43.3 million year over year
- ➤Began shipments against previously announced $22 million data center order
- ➤Fiscal 2027 EPS guidance ranges from $0.25 to $0.46
Expert Statements
Cheri Beranek, President and Chief Executive Officer of Clearfield
“Fiscal 2026 represented a pivotal transition year for Clearfield. We continued serving our established broadband customers while expanding our fiber management expertise to the rapidly growing AI infrastructure market. This last quarter, we have seen a positive sign in the Broadband market as Clearfield announced shipments to one of the first BEAD funded deployments here in Minnesota as well as the beginning of shipments to our first significant data center customer site. We believe this demonstrates the work that has been accomplished to date and the significant growth we see in front of us,”
Cheri Beranek, President and Chief Executive Officer of Clearfield
“Since co-founding Clearfield in 2008, it has been a privilege to help build the Company alongside our dedicated team. As previously announced, I plan to retire effective March 31, 2027, or earlier upon the appointment of my successor. I will continue as President and CEO Emeritus to support the transition. I am proud of what we have accomplished and confident in Clearfield’s next phase of growth under new leadership.”
Dan Herzog, Chief Financial Officer of Clearfield
“Over the past three fiscal years, we have strengthened our financial position through disciplined balance sheet management, including strong cash generation and thoughtful capital allocation. During that period, we generated approximately $41 million in cumulative free cash flow and returned $65 million to shareholders through share repurchases. With $157 million in cash and investments and no debt, we have the flexibility to invest in our business and expand our addressable markets,”
Dan Herzog, Chief Financial Officer of Clearfield
“We are excited about the growth opportunities ahead in fiscal 2027, with revenue expected to be in the range of $195 million to $205 million, supported by an anticipated gradual recovery in broadband demand and the expected ramp-up of our data center business.”
* Fiscal 2026 net sales from continuing operations of $151.9 million; Gross margin of 32.0%; Net income from continuing operations per diluted share of $0.16 * Sales order backlog increased 75% to $43.3 million as of the end of fiscal 2026, compared to $24.7 million as of the end of the prior fiscal year * Began shipments against the previously announced $22 million data center order, marking a significant milestone in the expansion of our data center business * Expects full year fiscal 2027 revenue of $195 million to $205 million, representing just over 30% growth from fiscal year 2026 revenue at the midpoint of guidance MINNEAPOLIS, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity solutions for telecom, data center, and network infrastructure environments, reported results for the fiscal fourth quarter and full year 2026. Additional commentary is provided in a letter to shareholders available in the Investor Relations section of the Company’s website.
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