Clearfield reported $49.9 million in revenue for its fiscal Q3 2025, marking a 2% year-over-year increase and surpassing internal guidance, primarily due to strength in its Clearfield Segment. Gross profit surged 42% to $15.2 million, supported by improved overhead absorption and recovery of previously reserved inventory. Net income rose sharply to $1.6 million ($0.11 per diluted share), compared to a net loss in the same period last year. The company also repurchased $5.6 million of its shares during the quarter.
Year-to-date, Clearfield generated $132.5 million in revenue, up 11% from the prior year period, with gross profit more than doubling. Operating losses narrowed significantly, and the company returned to profitability, reporting $1.0 million in net income year-to-date. The company’s order backlog stood at $36.1 million as of June 30, 2025—up 11% year-over-year—signaling continued demand from large regional service providers and multiple system operators (MSOs).
Based on the Q3 performance, Clearfield raised its full-year revenue forecast to a range of $180 million to $184 million. For Q4, the company expects revenue between $47 million and $51 million, with earnings per share projected between $0.03 and $0.11. The company stated that current tariffs are not expected to have a material impact on results.
• Q3 revenue: $49.9 million (+2% YoY)
• Gross margin: 30.5% (up from 21.9%)
• Net income: $1.6 million or $0.11/share vs. $(0.04)/share YoY
• Year-to-date revenue: $132.5 million (+11% YoY)
• Order backlog: $36.1 million (+11% YoY)
• FY25 guidance raised to $180–$184 million revenue
• Share repurchases: $5.6 million in Q3; $8.4 million remaining
“Our net sales outperformance in the third quarter was driven by strong customer demand in the Large Regional Service Provider and MSO end markets within our Clearfield segment,” said CEO Cheri Beranek.
🌐 Why it Matters: Clearfield’s return to profitability highlights successful inventory and cost controls amid ongoing fiber network expansion across North America. The raised guidance signals confidence in continued demand from broadband providers seeking to expand fiber footprints in underserved regions.