Home / Business and Economy / Clearfield lands $22M hyperscale data center order
Clearfield lands $22M hyperscale data center order
6 Aug
Summary
- Clearfield's Q3 sales rose 13% to $43.9 million.
- Secured a $22 million hyperscale data center order.
- Ended the quarter with $155 million cash, no debt.
Clearfield announced fiscal third-quarter 2026 net sales of $43.9 million, an increase of 13% from the previous year and 28% sequentially. The company reported net income from continuing operations of $3 million, or $0.22 per diluted share. As of the end of the quarter, Clearfield held approximately $155 million in cash and investments with no outstanding debt.
President and CEO Cheri Beranek highlighted the company's growing focus on providing digital infrastructure connectivity solutions for the data center market. Shortly after the quarter concluded, Clearfield received a substantial $22 million hyperscale data center order, with shipments expected to commence in early fiscal 2027. This order resulted from early collaboration on a tailored connectivity solution, leading to an expansion of Clearfield's NOVA platform.
