CLFD 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

CLFD ▲ +20.38% at T+20d

SHORT call ✗ call lost -20.38% · α vs SPY -17.24% · entry $37.49 → $45.13

Next anchor: T+60d in 7w

Currently $39.37 · -5.01% from $37.49 entry (call sign-flipped)

Entry anchored
May 6, 03:59 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α +0.83%

$37.49

settled 5w ago

T+5d

+13.39%

call -13.39% · α -11.89%

$42.51

settled 28d ago

T+20d

+20.38%

call -20.38% · α -17.24%

$45.13

settled 6d ago

T+60d

—

call — · α —

—

in 7w

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Executive Summary

Clearfield reported Q2 fiscal 2026 results with net sales down 15% YoY to $34.4M and a net loss of $0.5M ($0.04/sh) vs prior-year income of $2.5M ($0.18/sh). The revenue decline and swing to loss are partially offset by a 39% sequential backlog increase to $31.6M and reaffirmed full-year guidance, but the headline numbers indicate worsening fundamentals.

Key Financial Metrics

Guidance

$160M-$170M (FY) | $42M-$46M (Q3)

maintained

Gross Margin

32.5%

Actionable Insight

The revenue decline and loss-making quarter are concerning, but the strong backlog growth (+39% QoQ) and reaffirmed full-year guidance suggest a potential revenue ramp in H2. Watch Q3 results closely for confirmation of the pickup and margin recovery.

Key Facts

Net sales from continuing operations declined 15% YoY to $34.4M from $40.6M
Net loss from continuing ops was $0.5M ($0.04/sh) vs net income of $2.5M ($0.18/sh) a year ago
Order backlog increased 39% sequentially to $31.6M as of March 31, 2026
Full-year FY2026 guidance reaffirmed: net sales $160M-$170M, EPS $0.48-$0.62
Q3 FY2026 guidance: net sales $42M-$46M, EPS $0.17-$0.21
Gross margin compressed to 32.5% from 34.4% a year ago
Operating expenses rose 8% to $13.2M, 38.5% of sales
Share buybacks totaled $7.3M in Q2; $15.9M remaining on authorization

Financial Impact

Revenue decline of $6.2M vs prior year; net loss of $0.5M vs prior-year income of $2.5M; EPS swung from $0.18 profit to $0.04 loss

revenueepsgross marginoperating income

Risk Factors

Continued revenue decline if broadband demand does not materialize
Tariff and supply chain uncertainties may pressure margins further
High customer concentration and lumpy ordering patterns

Market Snapshot

Exchange

Nasdaq

Sector

Telephone & Telegraph Apparatus

Analyst Consensus

90% bullish (10 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001171843-26-003066
Document: f8k_050626.htm	0001171843-26-003066
Document: 0001171843-26-003066-index-headers.html	0001171843-26-003066
Document: 0001171843-26-003066-index.html	0001171843-26-003066
Document: 0001171843-26-003066.txt	0001171843-26-003066
8-K Data (Synthetic)	0001171843-26-003066

3 reports for CLFD

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for CLFD — sortable, filterable
	Type				Now
May 11, 2026 4w ago	Insider Cluster BEARISH ★ 5/10	$46.73 $43.25	▲ +7.45%	▲ +7.36%	$39.37 (+15.75%)
May 6, 2026 4w ago	8-K BEARISH ★ 6/10	$37.49 $42.51	▼ −13.39%	▼ −11.89%	$39.37 (−5.01%)
May 6, 2026 4w ago	Press Release MIXED ★ 6/10	$37.49 $42.51	▲ +13.39%	▲ +11.89%	$39.37 (+5.01%)

US Market Status

Market Closed — Opens Thu (11h 17m)

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