Filing Flows › Clearfield (CLFD) › Q2 FY26
Clearfield (CLFD) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
Clearfield (CLFD) reported revenue of $34.4M for the second quarter fiscal 2026 (Q2 FY26), -15% from a year earlier and +0.1% from the quarter before. Operating margin was -6.0%, net loss $528K (1.5% of revenue).
Clearfield, Q2 FY26: revenue $34.4M (-15% year over year), operating margin -6.0%, net loss $528K, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.4M | +0.1% | -15% |
| Operating profit | −$2.1M | — | -890% |
| Net earnings | −$528K | — | -140% |
| Operating cash flow | −$1.1M | — | -135% |
What changed
Revenue was $34.4M in Q2 FY26, down 15% year over year and roughly flat from the previous quarter.
Gross margin was 32.5%, down 1.9 points from Q2 FY25. Operating costs exceeded revenue by $2.1M, an operating margin of -6.0%. Operating expenses grew 8% against a revenue fall of 15%. The quarter ended with a net loss of $528K, narrower than the previous quarter's $614K loss. Non-operating items added $1.4M, -194% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.1M. Non-cash charges added back $1.6M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $1.0M exceeded it, leaving free cash flow of −$2.1M.
Questions
What was Clearfield's revenue in the second quarter fiscal 2026?
Clearfield (CLFD) reported revenue of $34.4M for the second quarter fiscal 2026 (Q2 FY26), -15% from a year earlier and +0.1% from the quarter before.
Was Clearfield profitable in the second quarter fiscal 2026?
Operating loss was $2.1M (-6.0% of revenue) and net loss $528K.
Source: Clearfield 10-Q on SEC EDGAR.