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Adtran Holdings vs Clearfield: ADTN and CLFD compared
Adtran Holdings is the larger company: $281M of revenue in its latest quarter (Q3 2026) against $43.9M for Clearfield (Q3 FY26). Clearfield is growing faster (+13% against +0.6% a year earlier). Clearfield is more profitable, with an operating margin of 5.9% against -0.3%.
Where the money goes: ADTN and CLFD
Adtran Holdings (ADTN) · Q3 2026
Adtran Holdings, Q3 2026: revenue $281M (+0.6% year over year), operating margin -0.3%, net loss $7.1M, operating cash flow −$24.5M. The chart follows the revenue to costs, profit and cash.
Clearfield (CLFD) · Q3 FY26
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.
| Adtran Holdings (ADTN) | Clearfield (CLFD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $281M | $43.9M |
| Revenue growth, Y/Y | +0.6% | +13% |
| Gross margin | — | 31.8% |
| Operating margin | -0.3% | 5.9% |
| Net earnings | −$7.1M | $3.0M |
| Net margin | -2.5% | 6.8% |
| Operating cash flow | −$24.5M | $9.9M |
| Free cash flow | — | $8.9M |
| Market value | — | $408M |
| Analysts’ mean target | — | $40.25 |
Where the revenue comes from
Adtran Holdings
- Network Solutions: $231M (82%)
- Services and Support: $49.9M (18%)
Questions
Which is bigger, Adtran Holdings or Clearfield?
Adtran Holdings is the larger company: $281M of revenue in its latest quarter (Q3 2026) against $43.9M for Clearfield (Q3 FY26).
Is Adtran Holdings or Clearfield growing faster?
Clearfield is growing faster (+13% against +0.6% a year earlier).
Which is more profitable, Adtran Holdings or Clearfield?
Clearfield is more profitable, with an operating margin of 5.9% against -0.3%.
More: Adtran Holdings earnings · how Adtran Holdings makes money · Clearfield earnings · how Clearfield makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.