Clearfield Reports Fiscal 2026 Results and Announces Significant Data Center Growth Strategy
Clearfield (CLFD) reported fiscal 2026 net sales of $151.9 million, a slight 1% increase year-over-year, despite facing margin compression due to rising optical fiber costs and tariff impacts. While Q4 net sales saw a 4% decline attributed to softness in the MSO market, the company's order backlog surged by 75% to $43.3 million, driven largely by a new $22 million data center project. The company is pivoting toward high-density fiber management for AI infrastructure, targeting approximately $40 million in data center revenue shipments for fiscal 2027. Management issued optimistic guidance for the upcoming fiscal year, projecting revenue between $195 million and $205 million—representing over 30% growth at the midpoint—and significant improvements in net income per diluted share.
Tickers: $CLFD
Topics: fiscal year results net sales order backlog revenue guidance