Filing Flows › Clearfield (CLFD) › Q3 FY26 › vs Q2 FY26
Clearfield (CLFD) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Clearfield's revenue rose $9.5M (+28%) from $34.4M in Q2 FY26 to $43.9M in Q3 FY26. Gross margin 31.8% against 32.5% (-0.7 pts).
Clearfield, Q3 FY26: revenue $43.9M (+13% year over year), operating margin 5.9%, net earnings $3.0M, operating cash flow $9.9M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 31.8% | 32.5% | -0.7 pts |
| Operating margin | 5.9% | -6.0% | +11.9 pts |
| Net margin | 6.8% | -1.5% | +8.4 pts |
| Free cash flow margin | 20.4% | -6.1% | +26.5 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $43.9M | $34.4M | $9.5M | +28% |
| Gross profit | $13.9M | $11.2M | $2.8M | +25% |
| Cost of revenue | $29.9M | $23.2M | $6.7M | +29% |
| Other income, net | $1.4M | $1.4M | −$2K | -0.1% |
| Operating profit | $2.6M | −$2.1M | $4.6M | — |
| Operating expenses | $11.4M | $13.2M | −$1.9M | -14% |
| Pre-tax earnings | $3.9M | −$704K | $4.6M | — |
| Net earnings | $3.0M | −$528K | $3.5M | — |
| Income tax | $934K | −$176K | $1.1M | — |
| Depreciation & amortization | $1.6M | $1.6M | −$22K | -1% |
| Share-based compensation | $1.0M | $1.3M | −$291K | -22% |
| Working capital & other | $4.3M | −$3.4M | $7.7M | — |
| Operating cash flow | $9.9M | −$1.1M | $10.9M | — |
| Free cash flow (OCF − capex) | $8.9M | −$2.1M | $11.0M | — |
| Capital expenditures | $910K | $1.0M | −$109K | -11% |
Questions
How much did Clearfield's revenue grow quarter over quarter in Q3 FY26?
Clearfield's revenue rose $9.5M (+28%) from $34.4M in Q2 FY26 to $43.9M in Q3 FY26. Gross margin 31.8% against 32.5% (-0.7 pts).