---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002886"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:42:27.648139+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clearfield Q2 revenue up 34% to $71.8M; cuts FY23 guidance on customer inventory digestion

## Summary
- Revenue $71.8M (+34% YoY), net income $10.4M ($0.67 diluted EPS), gross margin fell to 32.8% from 43.3%.
- FY23 guidance slashed: net sales $260-275M (midpoint down ~$120M), EPS $1.80-2.10 (down $2.45 at midpoint).
- Order backlog declined 21% sequentially to $107.6M on faster fulfillment and normalizing ordering patterns.
- CEO cites demand lull as Large Regional Service Providers and cable operators digest excess pandemic inventory.
- Company rightsizing capacity to current demand but maintains long-term rural broadband build optimism.

## SEC filing metadata
- accession: 0001171843-23-002886
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796505/000117184323002886/0001171843-23-002886-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184323002886/f8k_050423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002886
- JSON: https://secwatch.observer/filing/0001171843-23-002886.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002886.txt

## Key facts
- Earnings Releases
  Clearfield, Inc. reported the second quarter of fiscal 2023 ended March 31, 2023 results: revenue $71.8 million, net income $10.4 million, EPS $0.67 per diluted share. Guidance lowered.
  - Period: the second quarter of fiscal 2023 ended March 31, 2023
  - Revenue: $71.8 million
  - Net income: $10.4 million
  - EPS: $0.67 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Clearfield Reports Fiscal Second Quarter 2023 Results Revenue for the Second Quarter of Fiscal 2023 Grew 34% Year-over-Year to $71.8 Million. Net Income for the Second Quarter of Fiscal 2023 Increased 12% Year-over-Year to $10.4 Million, or $0.67 per Diluted Share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/796505/000117184323002886/0001171843-23-002886-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.