You're clicking on the WAV button on the File toolbar and then choosing "Export Song as Audio File". That brings up the Render to Audio File window, correct?

Do you have the bit depth set for "32 bit IEEE"? That will cause a render to clip every time.

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Jim Fogle - 2025 BiaB (Build 1128) RB (Build 5) - Ultra+ PAK
DAWs: Cakewalk Sonar - Standalone: Zoom MRS-8
Laptop: i3 Win 10, 8GB ram 500GB HDD
Desktop: i7 Win 11, 12GB ram 256GB SSD, 4 TB HDD
Music at: https://fogle622.wix.com/fogle622-audio-home