Filing Flows › Clearfield (CLFD) › Q3 FY26
Clearfield (CLFD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 6, 2026
Clearfield (CLFD) reported revenue of $43.9M for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and +28% from the quarter before. Operating margin was 5.9%, net earnings $3.0M (6.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.9M | +28% | +13% |
| Gross profit | $13.9M | +25% | +2% |
| Operating profit | $2.6M | — | +68% |
| Net earnings | $3.0M | — | +87% |
| Operating cash flow | $9.9M | — | +24% |
| Free cash flow | $8.9M | — | +20% |
What changed
Revenue was $43.9M in Q3 FY26, up 13% year over year and up 28% from the previous quarter.
Gross margin was 31.8%, down 3.5 points from Q3 FY25. Operating profit was $2.6M, a 5.9% margin (up 1.9 points year over year). Of the extra revenue versus Q3 FY25, 20% reached operating profit, above the 4% margin then. Operating expenses fell 6% while revenue rose 13%. Net earnings were $3.0M, up 87% year over year. The effective tax rate was 23.7%. Non-operating items added $1.4M, 35% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.9M (up 24% year over year), 329% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items added $4.3M. Capital expenditures of $910K left free cash flow of $8.9M.
Questions
What was Clearfield's revenue in the third quarter fiscal 2026?
Clearfield (CLFD) reported revenue of $43.9M for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and +28% from the quarter before.
Was Clearfield profitable in the third quarter fiscal 2026?
Operating profit was $2.6M (5.9% of revenue) and net earnings $3.0M.
Source: Clearfield 10-Q on SEC EDGAR.