Companies are just starting to understand the impact of the government shutdown

Companies from telecommunications to medical diagnostics have lowered revenue guidance after the 43-day shutdown halted federal spending programs worth billions and delayed approvals.

Spectral AI slashed revenue expectations, citing reduced work on federal biomedical contracts, while Clearfield warned of delays in a $42.5 billion broadband initiative.

Indirect effects ripple through unrelated sectors: DiamondRock and Red Robin blamed shutdown-driven consumer caution for reduced foot traffic, while banks delayed IPO activity.

While the longest government shutdown in US history is over, the consequences of the 43-day impasse are only just starting to feed through for companies across the U.S. and beyond.

Firms with significant exposure to federal spending, government contracts and regula