Clearfield Inc
F:AP7
Clearfield Inc
Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. The company is headquartered in Brooklyn Park, Minnesota and currently employs 250 full-time employees. Clearfield is focused on providing fiber management, fiber protection, and fiber delivery products that accelerate the turn-up of gigabit speed bandwidth to residential homes, businesses, and network infrastructure in the wireline and wireless access network. The company provides contract manufacturing services for its customers which include original equipment manufacturers (OEM) requiring copper and fiber cable assemblies built to their specifications. Clearfield products include Clearview, FieldSmart, FieldShield, CraftSmart, WaveSmart and YOURx. Its YOURx platform consists of hardened terminals, test access points, and multiple drop cable options. Its broadband service providers include Multiple Service Operators (cable television) and Community Broadband (Tier 2 and 3 telco carriers, utilities, municipalities, and alternative carriers).
Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. The company is headquartered in Brooklyn Park, Minnesota and currently employs 250 full-time employees. Clearfield is focused on providing fiber management, fiber protection, and fiber delivery products that accelerate the turn-up of gigabit speed bandwidth to residential homes, businesses, and network infrastructure in the wireline and wireless access network. The company provides contract manufacturing services for its customers which include original equipment manufacturers (OEM) requiring copper and fiber cable assemblies built to their specifications. Clearfield products include Clearview, FieldSmart, FieldShield, CraftSmart, WaveSmart and YOURx. Its YOURx platform consists of hardened terminals, test access points, and multiple drop cable options. Its broadband service providers include Multiple Service Operators (cable television) and Community Broadband (Tier 2 and 3 telco carriers, utilities, municipalities, and alternative carriers).
Revenue Beat: Q1 net sales were $34.3 million, exceeding guidance of $30–33 million and up 16% year-over-year.
Margin Improvement: Gross margin rose to 33.2% from 29.2% last year, driven by better overhead absorption and inventory utilization.
Net Loss: Net loss per share from continuing operations was $0.02, unchanged from last year.
New Product Launch: Launched the NOVA modular fiber platform, targeting data centers and new markets, with modest near-term revenue expected.
BEAD Program Outlook: Full-year 2026 BEAD-related revenue expected to remain modest due to supply chain constraints and BABA fiber requirements.
Guidance Maintained: Reiterated FY26 net sales guidance of $160–170 million and EPS guidance of $0.48–0.62.
Strong Balance Sheet: Ended Q1 with $157 million in cash and investments, no debt, and continued share repurchases.
