Corning oznámil víceletou, mnohamiliardovou dohodu s Verizonem na více než 80 milionů mil optických vláken pro broadband a propojení datacenter s AI. Přidává se tak k dřívějším dohodám s Amazonem a NVIDIA.
Corning locked in monster deals with Amazon, Nvidia, and Verizon while its AI fiber business exploded, yet the stock still suffered one of the worst monthly crashes in its modern history. Something does not add up, and the explanation reshapes…
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Corning (NYSE:GLW | GLW Price Prediction) shares fell 45.88% between June 30 and July 31, 2026, sliding from $254.95 to $137.99 on an adjusted basis. That is one of the worst monthly stretches in the company’s modern history, and it happened in the exact window when Corning was disclosing multibillion-dollar fiber commitments from the largest names in AI infrastructure. The company has executed no splits, spinoffs, or special dividends to distort the figure. Its only recorded split, a 3-for-1 forward split, occurred on October 4, 2000. The July drawdown is real.
What It Means The selloff collided with an order book that was accelerating, not slowing. On the July 28 earnings call, Corning reported that Optical Communications sales rose 32% year over year to $2.07 billion, with Enterprise sales up 65% to $1.27 billion and Gen AI product sales nearly doubling. Optical segment net income climbed 77% to $438 million. Core EPS came in at $0.78 versus the $0.75 consensus, the fifth consecutive EPS beat. Free cash flow reached $1.423 billion, up 255.75% year over year. Revenue of $4.505 billion missed expectations by 2.69%, and that single miss appears to have anchored the July repricing even as management upgraded its long-term plan.
Market Reaction Shares opened the recovery arc slowly. Corning traded at $142.20 on the day of the Q2 filing (July 28, 2026), down from $169.11 on the Q1 filing day (April 28, 2026). The stock closed at $137.99 on July 31, 2026. Since then the tape has turned. Corning is up 13.01% over the past week and 7.44% over the past month, closing at $168.04 as of the September 8 quote. Year to date, shares are up 92.93%. Over one year, up 143.13%. The July drop, in other words, compressed a runaway rally while the underlying business kept expanding.
Bull Case The customer roster is the story. In Q2, Corning cited a multiyear, multibillion-dollar Amazon agreement for optical fiber, cable, and connectivity for U.S. data centers, plus a long-term NVIDIA partnership to expand U.S. optical connectivity manufacturing capacity by 10x and U.S. fiber production capacity by more than 50%. On September 8, Verizon (NYSE:VZ) joined the list: the two companies announced a multiyear, multibillion-dollar agreement for 80 million plus miles of high density optical fiber solutions, designed to expand broadband and build the network connecting AI data centers for major hyperscalers. That is three giant, multiyear commitments layered on top of an existing up-to-$6 billion Meta agreement and Apple’s $2.5 billion commitment for 100% of iPhone and Apple Watch cover glass at the Kentucky facility.
Management has priced this into a hard target. CEO Wendell Weeks said Corning expects to reach an annualized sales run rate of $20 billion by end of 2026, $30 billion by end of 2028, and $40 billion by end of 2030, with a 19% sales CAGR from Q4 2026 to Q4 2030 and operating margins at or above 20%. Q2 core operating margin was already 20.9%, up 190 basis points, and core ROIC hit 14.9%, up 180 basis points. Weeks told investors “We’re entering a new phase of accelerating growth”. The July drawdown compressed the multiple on a business whose contracted demand keeps expanding. Corning is one of several picks-and-shovels suppliers to the AI buildout that never make the chipmaker headlines (we profiled seven of them, from fiber to power to cooling, in a free report here: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers)). For retirement-focused holders, the setup is straightforward: the customer commitments are longer-dated than the quarter that spooked the tape.
Bottom Line The forward catalyst is already on the board. Corning guided Q3 core sales to $4.90 billion to $5.00 billion, roughly 16% year-over-year growth, and core EPS to $0.85 to $0.89, roughly 28% year-over-year growth. Solar is building toward a $3 billion revenue stream. The 45.88% July slide priced in a revenue miss and near-term execution risk. The Verizon deal, arriving on top of Amazon and NVIDIA, is the market’s chance to reassess whether the AI fiber order book was the real signal all along.
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Corning těží z poptávky po AI infrastruktuře: tržby divize Optical Communications ve 2. čtvrtletí meziročně vzrostly o 32 % na 2,07 miliardy USD. Odhady zisku pro fiskální roky 2026 a 2027 za 60 dní stouply o 2,51 % na 3,27 USD a o 1,66 % na 4,28 USD.
Key Takeaways Corning's Optical Communications sales rose 32% as AI infrastructure demand boosted growth.Corning's Amazon and NVIDIA deals expand optical connectivity capacity and data-center exposure.Smartphone weakness, China risks and customer concentration could temper Corning's growth prospects. Earnings estimates for Corning Incorporated (GLW - Free Report) for fiscal 2026 and fiscal 2027 have moved up 2.51% to $3.27 and 1.66% to $4.28, respectively, over the past 60 days. The positive estimate revision depicts bullish sentiment about the stock’s growth potential.
Image Source: Zacks Investment Research
Strong AI-Related Demand, Diverse Portfolio are PositivesOptical Communications has emerged as Corning’s major growth engine. In the second quarter, the segment’s sales increased 32% year over year to $2.07 billion, while segment net income jumped 77% to $438 million. The uptick is backed by rapid AI infrastructure buildout.
Corning is expanding collaboration with some of the world’s largest tech companies. It has inked a multiyear, multibillion-dollar agreement with Amazon. Per the deal, Corning will provide optical fiber, cable and connectivity products for Amazon’s expanding U.S. data-center infrastructure. The company also announced a long-term partnership with NVIDIA to expand U.S.-based optical connectivity manufacturing capacity by 10 times and increase domestic fiber production capacity by more than 50%.
Corning’s Glass Innovations business is benefiting from its premium positioning and product innovation. The company expects Gorilla Glass sales to outperform the broader handheld market despite pressure from higher memory prices. TV manufacturers and panel makers are increasingly shifting towards larger and higher-priced televisions. This is likely to create a favorable opportunity for Corning’s Display Business.
Corning continues to enhance its financial profile under the Springboard initiative. The company has raised the ambition of its Springboard strategy, targeting an annualized sales run rate of $20 billion by the end of 2026, $30 billion by the end of 2028 and $40 billion by the end of 2030. Management expects sales to witness a 19% CAGR from the fourth quarter of 2026 through the fourth quarter of 2030, with earnings growing faster than sales.
Key ChallengesDemand softness in the handheld device market remains one of the key near-term challenges for the company. Management expects higher memory prices to push smartphone industry unit volumes down by a mid-teens percentage in 2026. Despite the company’s expectation of outperforming the market, demand for Gorilla Glass will likely be impacted by lower handset volume.
Corning maintains a sizeable presence in China, which exposes the company to geopolitical tensions and tariff- related uncertainty. The Display and consumer electronics businesses remain dependent on Chinese panel makers and manufacturing ecosystems. Escalating trade restrictions, tariff increases or supply-chain disruptions between the United States and China could adversely affect operating margins, production efficiency and customer demand. Stiff competition can limit growth potential. Competition from companies such as Amphenol (APH - Free Report) and Ciena Corporation (CIEN - Free Report) may increase pressure on pricing.
Corning's growing AI infrastructure exposure enhances growth but increases reliance on a small number of large customers. In second-quarter 2026, contract liabilities totaled $2.7B and included a $1B customer deposit tied to a long-term AI infrastructure supply agreement, highlighting concentration risk even as it supports near-term visibility.
Price PerformanceCorning shares have gained 104% in the past year compared with the communications components industry’s growth of 157.1%. The stock has outperformed the S&P 500 indexduring this period.
Image Source: Zacks Investment Research
It has underperformed its competitor, Ciena, but outperformed Amphenol. Ciena has gained 179.1%, while Amphenol has declined 28.4%.
Key Valuation Metric of GLWFrom a valuation standpoint, GLW is currently trading at a premium compared with the industry. Going by the price/earnings ratio, the company’s shares currently trade at 36.51 forward 12-month earnings, higher than 35.16 for the industry.
Image Source: Zacks Investment Research
End NoteGrowing exposure to AI infrastructure and expanding optical content per AI system are major growth drivers for Corning. Focus on product diversification and exposure to various markets such as solar, automotive and display boost resiliency in the business model. Strong demand for Gorilla Glass is a positive. However, weakness in the smartphone market, high customer concentration risks and growing geopolitical volatility remain major concerns. With a Zacks Rank #3 (Hold), Corning seems to offer a balanced investment outlook, suggesting that investors may want to exercise caution when considering the stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Corning těží z boomu AI datových center: ve 2. čtvrtletí 2026 dosáhly celkové core tržby 4,7 miliardy USD, což je meziročně o 17 % více, a tržby související s AI se téměř zdvojnásobily. Firma čeká, že do konce roku 2026 dosáhne ročního tempa tržeb 20 miliard USD.
The S&P 500 (^GSPC -0.65%) is hovering near a record high, but the ongoing geopolitical tensions in the Middle East, the rising odds of an interest rate hike, and the upcoming midterm congressional elections in November could disrupt what has been an incredible (nearly) four-year bull market.
The S&P 500 is currently trading at a Shiller Cyclically Adjusted Price-to-Earnings (CAPE) ratio of 41.8, its second-highest valuation in history, behind only the dot-com bubble peak in 2000. Even if the index were to plunge into a technical bear market by suffering a 20% decline from its recent peak, it would still be expensive by historical standards.
But the broader market has always trended higher over the long term, so sell-offs can be a great opportunity for investors to scoop up bargains. One stock that could be a great buy at a discount is Corning (GLW -3.34%), which has become a key player in the global artificial intelligence (AI) data center build-out. Here's why.
Image source: Getty Images.
An industrial powerhouse since 1851 Corning has been one of America's leading glass manufacturers for the last 175 years. It was the main supplier of glass for Thomas Edison's original lightbulb in 1880, and today, it makes the glass for all of Apple's iPhones. But the company's biggest opportunity currently lies in manufacturing fiber-optic connectivity solutions for data centers that accelerate processing speeds for AI workloads.
The typical Nvidia NVLink 72 data center rack includes 72 graphics processing units (GPUs), 36 central processing units (CPUs), and several networking components, all connected with 2 miles of copper cables. However, there is an ongoing shift toward fiber-optic cables instead, because they can transmit data significantly faster and with greater energy efficiency.
Corning recently developed a product called Multicore Fiber (MCF), which packs four cores into a single 125-micron strand of optical fiber. This enables data center operators to achieve the same level of performance as a single-core solution with 75% fewer cables, which will be a game changer as GPU clusters grow larger over time.
Corning says when clusters expand to more than 130,000 GPUs, they will require an extra optical layer, which means adding roughly 50% more fiber content. Products like MCF will help data center operators keep costs down and maximize processing speeds.
In January, Corning announced a multiyear deal to sell $6 billion in optical connectivity solutions to Meta Platforms, and it followed that up by signing a similar deal with Amazon in June. The company will expand its optical connectivity manufacturing capacity tenfold to meet this surge in demand, and it has partnered with Nvidia to access the funding and technological support to do so.
Corning's AI-related revenue is surging Corning generated $4.7 billion in total core revenue during the second quarter of 2026 (ended June 30), a 17% jump from the year-ago period. The optical communications segment contributed $2.1 billion and grew at a much faster rate of 32%. AI-related sales, specifically, almost doubled.
The optical communications business also produced $438 million in net income, a whopping 77% increase from the year-ago period. The soaring demand for fiber-optic data center solutions is giving Corning an unprecedented ability to dictate prices, which is significantly boosting its profit margins.
Looking ahead, Corning expects to reach a $20 billion annual revenue run rate by the end of 2026, and it believes that figure could double to $40 billion by 2030 due to AI-related demand.
Corning stock isn't cheap, but put it on your watch list Based on Corning's adjusted (non-GAAP) trailing 12-month earnings of $2.87 per share, its stock is trading at a price-to-earnings (P/E) ratio of 51.9. Considering Nvidia -- the undisputed leader in AI semiconductor hardware -- has a P/E ratio of just 27.5, Corning certainly isn't cheap.
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If Corning manages to double its annual revenue by 2030, as management's latest forecast suggests, its earnings will likely grow at a similar rate, so its stock might actually be cheap on a forward basis. However, I think the stock will struggle to deliver further upside in the near term, especially as the broader market navigates so many headwinds.
I think investors are better off waiting until Corning's valuation is at a more reasonable level. If the S&P 500 suffers a correction that pushes Corning stock down to around $100, then its P/E ratio will fall to around 34.7 (and potentially even lower with further quarterly earnings growth). That might be a more palatable level, particularly given the company's strong long-term growth prospects.
Ancora Advisors koupila novou pozici v Corning a ve 2. čtvrtletí získala 13 294 akcií za zhruba 3,396 milionu USD. Corning zároveň oznámila kvartální EPS 0,78 USD, nad odhadem 0,76 USD, a výnosy 4,74 miliardy USD.
Ancora Advisors LLC purchased a new position in shares of Corning Incorporated (NYSE:GLW – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 13,294 shares of the electronics maker’s stock, valued at approximately $3,396,000.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Corning by 1.2% during the third quarter. State Street Corp now owns 37,008,856 shares of the electronics maker’s stock worth $3,035,836,000 after buying an additional 439,883 shares during the last quarter. Geode Capital Management LLC lifted its position in Corning by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock valued at $1,781,250,000 after acquiring an additional 517,067 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Corning by 52.7% during the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after buying an additional 5,831,873 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Corning by 8.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,763,148 shares of the electronics maker’s stock worth $724,432,000 after buying an additional 1,036,988 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Corning in the fourth quarter valued at approximately $921,435,000. Institutional investors and hedge funds own 69.80% of the company’s stock.
Corning Price Performance Shares of NYSE:GLW opened at $152.76 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $131.59 billion, a PE ratio of 69.75, a P/E/G ratio of 1.88 and a beta of 1.14. Corning Incorporated has a twelve month low of $66.14 and a twelve month high of $271.78. The company has a 50-day moving average price of $172.96 and a two-hundred day moving average price of $164.50.
Corning (NYSE:GLW – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company had revenue of $4.74 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the prior year, the company posted $0.60 EPS. Corning’s revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts forecast that Corning Incorporated will post 3.27 EPS for the current year. Corning Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s payout ratio is presently 51.14%.
Insider Transactions at Corning In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares in the company, valued at $169,371,500.38. This trade represents a 9.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities research analysts have recently commented on GLW shares. Mizuho lowered their target price on Corning from $270.00 to $210.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Morgan Stanley reduced their price target on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Zacks Research downgraded shares of Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings lowered shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Finally, Susquehanna boosted their target price on shares of Corning from $125.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.08.
Check Out Our Latest Report on Corning
Corning Company Profile (Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
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It has been about a month since the last earnings report for Corning (GLW - Free Report) . Shares have added about 23.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Corning due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Corning Incorporated before we dive into how investors and analysts have reacted as of late.
Corning Beats Q2 Earnings Estimates on Optical and Solar Growth
Corning reported second-quarter 2026 results with non-GAAP earnings of 78 cents per share, up 30% year over year and 2.6% above the Zacks Consensus Estimate. Core revenues of $4.74 billion increased 17% and surpassed the consensus mark by 2.9%.
Revenue growth was primarily led by Optical Communications and Solar segments. Enterprise Networks sales jumped 65%, supported by accelerating demand for generative artificial intelligence (AI) infrastructure. Core operating margin also expanded as higher volumes and improved execution strengthened profitability.
Optical Sales Accelerate on AI Demand
Optical Communications remained the company’s largest growth engine, with sales rising 32% year over year to $2.07 billion. Segment net income surged 77% to $438 million, reflecting strong demand and favorable operating leverage.
Enterprise Networks drove the improvement as hyperscale customers expanded AI-related data center capacity. Corning also announced multiyear agreements with Amazon and NVIDIA, supporting further demand for optical fiber, cable and connectivity products. The NVIDIA partnership includes plans to increase U.S. optical connectivity manufacturing capacity tenfold and expand domestic fiber production capacity by more than 50%.
Solar Business Posts Sharp Growth
Solar revenues climbed 90% year over year to $438 million, making the segment the company’s fastest-growing operation. Sales also increased 18% sequentially as Corning continued to scale its polysilicon, wafer and module businesses.
The segment recorded a net loss of $7 million against a net income of $2 million a year earlier. Results were affected by an extended maintenance shutdown and equipment upgrade at the solar wafer facility. Management expects profitability to improve in the third quarter as production resumes and operating efficiencies strengthen.
GLW Expands Core Margins and Profitability
Core gross margin improved 120 basis points year over year to 39.6%. Core operating margin expanded 190 basis points to 20.9%, while core operating income rose to $989 million from $770 million.
Core net income increased 30% to $680 million. The stronger margin profile reflected higher sales volumes, a favorable business mix and improved scale. Core return on invested capital advanced 180 basis points to 14.9%, indicating better returns from the company’s asset base and growth investments.
On a GAAP basis, operating income rose to $698 million from $573 million. Selling, general and administrative expenses increased to $608 million from $515 million, while research, development and engineering expenses rose to $299 million from $276 million.
Corning’s Other Segments Deliver Mixed Results
Glass Innovations generated sales of $1.46 billion, up 1% year over year. Segment net income increased 9% to $354 million, showing improved profitability despite modest revenue growth. Automotive sales advanced 2% to $471 million, while net income increased 4% to $82 million. The business also improved sequentially, with revenues rising 8% and profit increasing 17% from the first quarter. Life Sciences and Emerging Growth Businesses remained a weak spot. Revenues declined 15% year over year to $294 million, while the segment posted a net loss of $21 million compared with net income of $6 million in the prior-year quarter.
Cash Flow Strength Lends Support
Corning generated $1.72 billion in operating cash flow during the quarter, up from $708 million a year earlier. Adjusted free cash flow reached $1.42 billion compared with $451 million in the prior-year period.
Capital expenditures totaled $422 million. Cash and cash equivalents were $2.50 billion at June 30, 2026, while long-term debt stood at $7.76 billion.
Outlook
For the third quarter, management expects core sales between $4.9 billion and $5 billion, representing approximately 16% year-over-year growth. Core earnings are projected between 85 cents and 89 cents per share, implying growth of roughly 28%.
Corning continues to target an annualized sales run rate of $20 billion by the end of 2026 under its upgraded Springboard Plan. The company also aims to reach $30 billion by the end of 2028 and $40 billion by the end of 2030, supported by AI infrastructure, solar expansion and deeper customer partnerships.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.
The consensus estimate has shifted 5.72% due to these changes.
VGM ScoresCurrently, Corning has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Corning has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
BNP Paribas lowered its position in Corning Incorporated (NYSE:GLW – Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,565 shares of the electronics maker’s stock after selling 3,574 shares during the quarter. BNP Paribas’ holdings in Corning were worth $17,152,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Corning during the fourth quarter valued at approximately $921,435,000. Bank of New York Mellon Corp purchased a new stake in shares of Corning during the 2nd quarter valued at $1,510,911,000. Capital Research Global Investors boosted its position in shares of Corning by 52.7% in the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after purchasing an additional 5,831,873 shares in the last quarter. Legal & General Group Plc purchased a new position in Corning during the 2nd quarter worth $1,212,283,000. Finally, Wellington Management Group LLP grew its stake in Corning by 50.9% during the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock worth $3,365,084,000 after buying an additional 4,446,514 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.
Corning Stock Down 2.6% Shares of GLW opened at $148.87 on Friday. The company’s 50-day moving average price is $171.18 and its 200 day moving average price is $164.60. Corning Incorporated has a 12-month low of $66.14 and a 12-month high of $271.78. The company has a current ratio of 1.81, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. The firm has a market cap of $128.24 billion, a P/E ratio of 67.98, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.
Corning (NYSE:GLW – Get Free Report) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, sell-side analysts forecast that Corning Incorporated will post 3.27 earnings per share for the current year. Corning Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.8%. Corning’s dividend payout ratio (DPR) is 51.14%.
Insider Transactions at Corning In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer owned 908,353 shares in the company, valued at $169,371,500.38. The trade was a 9.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth GLW has been the subject of several research reports. JPMorgan Chase & Co. decreased their price objective on shares of Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Mizuho reduced their price target on shares of Corning from $270.00 to $210.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Truist Financial raised shares of Corning from a “hold” rating to a “buy” rating and decreased their price target for the stock from $205.00 to $175.00 in a research note on Sunday, August 2nd. Barclays cut their price target on Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Finally, Oppenheimer cut their target price on Corning from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.08.
Read Our Latest Report on Corning
Corning Profile (Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
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Corning ve 2. čtvrtletí zvýšil tržby divize Optical Communications o 32 % na 2,07 mld. USD a čistý zisk o 77 % na 438 mil. USD. Tahounem byl růst poptávky tažený AI po vysokorychlostní optické konektivitě v datových centrech.
Key Takeaways Corning's Optical Communications sales rose 32% to $2.07B, while net income jumped 77% to $438M.Enterprise Networks sales climbed 65% as AI data centers drove demand for high-speed optical connectivity.Corning expects Scale-Up systems and tech partnerships to create further growth for its optical portfolio. Corning Incorporated (GLW - Free Report) is witnessing solid momentum in the Optical Communications segment. In the second quarter, the segment’s sales increased 32% year over year to $2.07 billion, while segment net income jumped 77% to $438 million.
AI-driven data center investment is the biggest catalyst. The expansion of generative AI is increasing the amount of high-speed optical connectivity needed inside and between data centers. This is driving strong demand for Corning’s GenAI-related enterprise products. Within the optical communications segment, Enterprise Networks sales increased 65% year over year.
The company disclosed that its current growth is primarily driven by Scale-Out infrastructure. In Scale-Out infrastructure, operators connect large numbers of servers and GPUs leveraging high-bandwidth optical links. Beyond the current Scale-Out opportunity, the company expects significant potential from Scale-Up systems. In Scale-Up systems, high-bandwidth connections are needed between GPUs and other computing components. This will likely create another major growth opportunity for Corning’s optical connectivity portfolio in upcoming years.
Its growth prospect is strengthened by strategic relationships with major tech organizations. Amazon announced a multiyear, multibillion-dollar agreement with Corning. Per the deal. Amazon will utilize Corning’s optical fiber, cable and connectivity solutions for its U.S. data center infrastructure. NVIDIA and Corning are also collaborating for expansion of U.S. optical connectivity manufacturing capacity. Such collaborations bode well for sustainable growth.
How Are Competitors Faring?Corning faces competition from Amphenol Corporation (APH - Free Report) and Ciena Corporation (CIEN - Free Report) in this domain. Amphenol’s high-speed copper, fiber optic and power interconnect portfolio gives it exposure across multiple AI data-center architectures. In second-quarter 2026, Communications Solutions revenues jumped 85% year over year to $5.38 billion. The segment remained Amphenol’s largest business, benefiting from strong demand for high-speed connectivity applications, particularly in the IT datacom market.
Ciena is witnessing encouraging demand trends as AI applications drive higher network traffic and bandwidth consumption across cloud and service provider environments. Customers are prioritizing investments in network infrastructure to support AI model training, data ingestion and inference workloads. Networking Platforms remained the largest contributor for Ciena, generating $1.27 billion in revenues and representing 81.1% of total sales. Within the segment, Optical Networking revenues increased to $1.10 billion from $773.6 million a year ago.
Corning's Price Performance, Valuation & EstimatesCorning has gained 124.4% compared to the communications components industry’s growth of 193.3%.
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From a valuation standpoint, GLW is currently trading at a discount compared with the industry. Going by the price/earnings ratio, the company’s shares currently trade at 38.22 forward 12-month earnings, higher than 37.41 for the industry.
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Earnings estimates for Corning for 2026 and 2027 have increased over the past 60 days.
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Corning currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zayo rozšířila strategickou dohodu s Corningem o dodávkách optického vlákna, které jí má zajistit významnou část potřeb až do konce desetiletí. Firma tak chce podpořit plánovanou expanzi sítě o 15 000 nových trasových mil do roku 2030.
AI infrastructure is putting unprecedented pressure on one of the physical inputs required to scale it: fiber. To address this constraint before it becomes a barrier to execution, Zayo, the leading digital network infrastructure provider, today announced an expanded strategic supply agreement with Corning Incorporated (NYSE: GLW), one of the world’s leading innovators in materials science and a major provider of fiber optic cable.
The agreement secures a significant portion of the fiber Zayo has projected to need through the remainder of the decade, providing supply assurance as the company executes one of the largest network expansions in its history.
Securing the Physical Inputs for AI-Ready Infrastructure
Zayo has spent years modelling where network demand is headed and deliberately planning how, when, and where it builds. As AI-driven demand accelerates, that planning increasingly extends beyond routes and capacity to the physical materials required to build them. Securing fiber optic cable supply now gives Zayo greater flexibility to scale as demand evolves.
“AI infrastructure is changing where and how quickly network capacity needs to be built,” said Steve Smith, CEO, Zayo. “We understand where demand is moving, and we’re putting the physical inputs in place now to build ahead of it. Deepening our relationship with Corning gives us greater confidence that material availability won’t stand between customer demand and the infrastructure required to deliver it.”
“AI is driving a fundamental increase in the amount and density of fiber optic cable and connectivity required across the network,” said Steve Mitchell, Senior Vice President, Corning Incorporated. “As networks evolve to meet those demands, providers need solutions that can accelerate deployment, increase capacity, and support long-term scalability. Our expanded relationship with Zayo brings together Corning's industry-leading optical innovations with Zayo's network expertise to help build the physical infrastructure required for AI at scale.”
Building the Physical Foundation for the AI Ecosystem
AI readiness is physical. Zayo plans to add 15,000 new route miles by 2030, including more than 8,000 miles of new long-haul fiber in collaboration with NVIDIA, while adding capacity across existing corridors where AI infrastructure is concentrating. Securing the optical cable earlier in the planning cycle helps Zayo turn those plans into operating infrastructure without allowing material availability to dictate where or when the network can be built.
“Anyone can draw a route on a map, but building it is a different story. Long-haul construction requires years of planning, permitting, materials, and disciplined execution,” said Troy Lupe, Chief Network Officer, Zayo. “Our experience building networks at this scale allows us to anticipate and manage execution risks before they become constraints. Corning understands what it takes to support an expansion of this magnitude and the speed required to deliver it. Securing fiber optic cable supply through our expanded agreement takes one critical variable off the table as we execute our network expansion.”
To learn more about Zayo’s network expansion and how its digital infrastructure is connecting the AI ecosystem, visit https://www.zayo.com/backbone-for-ai/.
About Zayo
The world’s digital future depends on networks that perform. Zayo builds and operates those networks. As the leading digital network infrastructure provider, the Zayo network spans 32 million fiber miles and 224,000 route miles across North America and connects more than 400 markets globally. With dense long-haul and metro fiber connectivity, tailored connectivity solutions, and managed services, Zayo’s network underpins the cloud, AI, and enterprise platforms powering the digital economy. Carriers, cloud providers, data centers, enterprises, schools, and governments rely on Zayo’s future-ready infrastructure and expertise to design, scale, and operate the networks that connect what’s next. Discover how Zayo connects what’s next at www.zayo.com and follow us on LinkedIn.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260820853007/en/
Algebris UK Ltd. ve 2. čtvrtletí koupila nový podíl v Corning za zhruba 1,727 milionu USD. Corning zároveň oznámila čtvrtletní dividendu ve výši 0,28 USD na akcii.
Algebris UK Ltd. purchased a new stake in Corning Incorporated (NYSE:GLW – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,783 shares of the electronics maker’s stock, valued at approximately $1,727,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. E Fund Management Co. Ltd. bought a new position in Corning in the 2nd quarter valued at about $54,154,000. Puzo Michael J bought a new stake in shares of Corning during the 2nd quarter worth approximately $243,000. Geneva Partners LLC bought a new stake in shares of Corning during the 2nd quarter worth approximately $12,695,000. Madison Asset Management LLC acquired a new stake in shares of Corning during the 2nd quarter worth approximately $348,000. Finally, Csenge Advisory Group acquired a new stake in shares of Corning during the 2nd quarter worth approximately $941,000. Institutional investors own 69.80% of the company’s stock.
Analyst Upgrades and Downgrades GLW has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Corning from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 7th. Bank of America raised their target price on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a report on Monday, July 6th. Morgan Stanley decreased their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen cut Corning from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Truist Financial upgraded Corning from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $205.00 to $175.00 in a research report on Sunday, August 2nd. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.08.
View Our Latest Stock Analysis on GLW Insider Activity at Corning In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares of the company’s stock, valued at $18,138,016. The trade was a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.25% of the stock is owned by company insiders.
Corning Trading Down 4.6% NYSE GLW opened at $152.52 on Thursday. The company has a market cap of $131.38 billion, a price-to-earnings ratio of 69.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. Corning Incorporated has a twelve month low of $63.37 and a twelve month high of $271.78. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average is $175.94 and its 200 day moving average is $163.10.
Corning (NYSE:GLW – Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, sell-side analysts expect that Corning Incorporated will post 3.27 EPS for the current fiscal year.
Corning Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio (DPR) is 51.14%.
Corning Company Profile (Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
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Corning podle CEO Wendella Weekse čelí clům jen minimálně, protože 90 % tržeb v USA tvoří produkty amerického původu a jen 1 % toho, co firma prodává v USA, vyrábí v Číně. Firma zároveň uvedla, že její Q2 core EPS činil 0,78 USD a překonal odhady 0,75 USD, tržby divize Optical Communications vzrostly meziročně o 32 % na 2,07 miliardy USD a core provozní marže se zvýšila o 190 bazických bodů na 20,9 %.
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On Jim Cramer’s Mad Money on August 14, 2026, Corning (NYSE:GLW | GLW Price Prediction) Chair and CEO Wendell Weeks was asked a question that many retirement-focused shareholders have been asking themselves this year: are tariffs hurting the business? His answer was blunt.
“No. Tariffs really have de minimis impact on us and that’s because of our philosophy,” Weeks said. “You got a sense of that today in the factory we locate close to our customers because the primary way that we win is with innovation.”
The Two Numbers Behind the Claim Weeks then offered the specific figures that anchor the argument: “So as a result, let’s take the U.S. for example. 90% of our U.S. revenue is created by U.S. origin products. Only 1% of what we sell in the United States we make in China. So tariffs, because of our fundamental philosophy and our values tend not to have a significant impact on us.”
Those two figures, attributed to Weeks on the broadcast rather than to a formal company disclosure, are the spine of the case. If 90% of what Corning sells into the United States is made in there, and only 1% of U.S. sales originate from Chinese factories, the surface area exposed to Section 301 duties and the ongoing U.S.-China trade friction is narrow by construction.
A Strategy That Wasn’t Designed as a Tariff Hedge The mechanism Weeks described predates the current tariff cycle. Corning has long placed plants near its largest customers and competed on product innovation rather than low-cost labor arbitrage. That posture shows up in the current customer roster: the Kentucky facility producing 100% of iPhone and Apple Watch cover glass, the Nvidia partnership to expand U.S. optical connectivity manufacturing, and the Amazon multi-billion-dollar agreement for U.S. data center fiber, cable, and connectivity. A footprint built for proximity to customers happens to also insulate the company from import duties.
The Gap Between the Stock and the Thesis Cramer’s question was premised on tariffs weighing on the stock even as the underlying business seemed unaffected. The price data reflects that tension. Corning opened at $169.74 as of August 17, 2026, up 9.6% over the prior month, but still up 93.4% year to date and 158.8% over the past year.
The Q2 numbers back Weeks’ operational confidence. Core EPS of $0.78 beat consensus of $0.75, Optical Communications revenue rose 32% year over year to $2.07 billion, and core operating margin expanded 190 basis points to 20.9%. Guidance called for Q3 core EPS of $0.85 to $0.89, roughly 28% growth.
For investors weighing tariff risk against fundamentals, the CEO drew the line clearly. Whether the market accepts 90% and 1% as the right frame is what to watch as Corning heads into Q3.
Contact [email protected] for any questions or corrections.
Corning vzrostl o 5,6 % poté, co Truist Securities zvýšil doporučení na Buy z Hold po prudkém červencovém propadu. Analytik vidí atraktivnější vstupní bod po téměř 46% poklesu.
Shares of Corning Inc. rose on Monday after Truist Securities upgraded the optical networking and specialty glass maker to Buy from Hold, arguing that the stock's steep decline in July has created a more attractive entry point for investors.
Corning shares GLW gained 5.6% to $146.12 on Monday after closing 2.2% higher on Friday.
The move came after the stock suffered a nearly 46% decline in July, marking its worst monthly performance in 24 years after the company's third-quarter guidance failed to meet Wall Street expectations.
The July selloff made Corning one of the worst-performing stocks in the S&P 500 during the month, with shares ending lower in 16 of 22 trading sessions.
Despite the sharp correction, the stock remains up 61% year to date and has gained 130% over the past 12 months.
Truist sees attractive entry point after selloffTruist analyst Matthew Niknam upgraded Corning to Buy while lowering his price target to $175 from $205.
The revised target still implies about 27% upside from Friday's closing price.
In a note to clients, Niknam said the recent decline has improved the stock's risk-reward profile.
“Simply put, we have waited for a more reasonable entry point to get more constructive, and we now have one post a ~45% pullback in July,” Niknam wrote.
The analyst said the upgrade is supported by continued customer spending in Corning's optical segment, expectations for accelerating revenue growth over the coming years, improving operating margins, and a projected 30% compound annual earnings growth rate through 2029.
Truist also noted that customer demand remains strong across artificial intelligence, data center infrastructure, and fiber-to-the-home deployments.
The firm highlighted Corning's recently introduced Photonics MAP as an additional long-term growth catalyst.
Corning currently trades at 32 times Truist's 2027 earnings estimates and 24 times its 2028 estimates.
AI sentiment remains a key riskCorning has become one of the major beneficiaries of the artificial intelligence infrastructure investment theme, with its Optical segment accounting for roughly 45% of company sales.
However, Truist cautioned that investor sentiment around AI spending remains an important risk.
“Fears around durability of the ‘AI trade’ and sustainability of elevated hyperscaler capex could weigh on sentiment, given the Optical segment (~45% of sales) is driving the lion’s share of GLW’s forward growth,” Niknam wrote.
The stock's sharp decline in July reflected concerns over AI-related valuations after the company issued guidance that largely matched expectations but failed to exceed investors' elevated forecasts.
Other analysts remain constructive but cautiousUBS also maintained a positive stance on Corning, reiterating its Buy rating while lowering its price target to $196 from $228.
Analyst Joshua Spector said the recent selloff appeared overdone, with only modest revisions to earnings estimates reflecting a more conservative outlook for fiber capacity expansion and the timing of the company's photonics business.
Morgan Stanley, however, maintained an Equal Weight rating while lowering its price target to $165 from $180.
The firm said Corning's second-quarter results largely met expectations but noted that sold-out conditions limit additional upside.
Analysts also pointed out that much of Corning's business operates under long-term contracts, leaving limited room for further pricing gains or earnings-per-share expansion.
For the third quarter, Corning expects adjusted earnings between $0.85 and $0.89 per share on revenue of $4.9 billion to $5.0 billion.
Wall Street is expecting earnings of $0.87 per share on revenue of approximately $4.99 billion. The company previously reported second-quarter earnings of $0.78 per share on revenue of $4.74 billion, exceeding analysts' estimates.
Chelsea Counsel Co. cut its holdings in Corning Incorporated (NYSE:GLW – Free Report) by 14.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,941 shares of the electronics maker’s stock after selling 10,630 shares during the period. Corning accounts for approximately 3.7% of Chelsea Counsel Co.’s portfolio, making the stock its 8th biggest holding. Chelsea Counsel Co.’s holdings in Corning were worth $8,422,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Signature Equity Partners LLC grew its holdings in Corning by 19.3% in the 1st quarter. Signature Equity Partners LLC now owns 383 shares of the electronics maker’s stock valued at $52,000 after buying an additional 62 shares during the last quarter. Beirne Wealth Consulting Services LLC lifted its holdings in shares of Corning by 0.8% during the first quarter. Beirne Wealth Consulting Services LLC now owns 8,045 shares of the electronics maker’s stock worth $1,094,000 after buying an additional 64 shares during the last quarter. Balefire LLC lifted its holdings in shares of Corning by 0.7% during the first quarter. Balefire LLC now owns 9,595 shares of the electronics maker’s stock worth $1,305,000 after buying an additional 65 shares during the last quarter. Millstone Evans Group LLC boosted its position in shares of Corning by 1.3% in the first quarter. Millstone Evans Group LLC now owns 5,393 shares of the electronics maker’s stock valued at $733,000 after acquiring an additional 67 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of Corning by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 4,585 shares of the electronics maker’s stock worth $623,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
Insider Activity In other Corning news, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total transaction of $674,885.20. Following the completion of the transaction, the senior vice president directly owned 10,174 shares in the company, valued at $2,106,221.48. This represents a 24.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jaymin Amin sold 27,395 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $192.14, for a total transaction of $5,263,675.30. Following the completion of the sale, the senior vice president owned 94,400 shares in the company, valued at $18,138,016. This represents a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 160,655 shares of company stock valued at $30,692,560. 0.25% of the stock is owned by company insiders.
Key Headlines Impacting Corning Here are the key news stories impacting Corning this week:
Positive Sentiment: AI-driven optical growth is supporting the rebound. Second-quarter core sales rose 17% year over year to $4.74 billion, while core EPS increased 30% to $0.78. Optical Communications sales jumped 32% to $2.07 billion, helped by enterprise-network demand tied to artificial-intelligence infrastructure. Multiyear partnerships with Amazon and NVIDIA, along with Corning’s $10 billion photonics ambition, are reinforcing the long-term growth narrative. Why Corning Incorporated Stock Is Up Today Positive Sentiment: Management’s near-term outlook remains healthy. Corning guided for third-quarter core sales of $4.9 billion to $5.0 billion and core EPS of $0.85 to $0.89. Stronger cash flow, rising earnings estimates and expectations for accelerating growth under the extended Springboard plan are supporting investor confidence. Corning Rides AI Data Center Growth as Optical Demand Accelerates Neutral Sentiment: Solar and photonics expansion remain execution-dependent. Investors are watching whether Corning can convert rapidly rising solar sales into sustainable profitability while also funding U.S. expansion and meeting its ambitious photonics targets. Corning Growth Outlook Hinges on AI Optics and Solar Profitability Negative Sentiment: Valuation and market skepticism remain risks. After its AI-led rally, GLW trades at a premium valuation, leaving less room for execution mistakes. Analysts at JPMorgan and Citigroup issued cautious views, while the earlier selloff reflected concerns that third-quarter guidance implied slower growth against difficult comparisons. Is GLW Stock Attractive After Its AI Rally and Earnings Momentum? Negative Sentiment: Insider selling is a sentiment headwind. Company insiders reportedly made 14 open-market sales and no purchases during the past six months, including sales by CEO Wendell Weeks and other senior executives. Corning Stock Up 0.2% Shares of GLW opened at $138.54 on Monday. The stock has a market cap of $119.34 billion, a price-to-earnings ratio of 63.26, a P/E/G ratio of 1.78 and a beta of 1.14. The company has a quick ratio of 1.24, a current ratio of 1.81 and a debt-to-equity ratio of 0.59. Corning Incorporated has a 12 month low of $61.44 and a 12 month high of $271.78. The company has a 50-day moving average price of $182.92 and a two-hundred day moving average price of $157.24.
Corning (NYSE:GLW – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The company’s quarterly revenue was up 17.1% on a year-over-year basis. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts predict that Corning Incorporated will post 3.25 EPS for the current fiscal year.
Corning Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, August 31st. Corning’s dividend payout ratio is 51.14%.
Wall Street Analyst Weigh In A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Bank of America upped their price objective on shares of Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Finally, Citigroup reduced their target price on shares of Corning from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.08.
Get Our Latest Research Report on Corning
Corning Company Profile (Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
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Key Takeaways Corning's Enterprise Networks sales rose 65% as GenAI product sales nearly doubled.Corning secured a deal worth up to $6B and two similar long-term hyperscaler agreements.Corning plans tenfold U.S. optical-capacity growth and sees photonics reaching $10B by 2030. Corning Incorporated (GLW - Free Report) is increasingly tied to artificial intelligence data centers, where bandwidth needs are lifting demand for optical fiber, cable and connectivity products.
That shift gives Corning a clearer growth path, but it also raises the execution bar. Hyperscaler agreements, U.S. capacity expansion and photonics products add upside while creating new dependencies.
Corning’s AI Partnerships Reshape Optical DemandCorning’s optical business is being reshaped by large artificial intelligence customers. Meta Platforms (META - Free Report) signed a multiyear agreement of up to $6 billion for Corning’s newest optical fiber, cable and connectivity solutions.
Amazon.com, Inc. (AMZN - Free Report) followed with a multiyear, multibillion-dollar agreement for optical products used in expanding U.S. data-center infrastructure. Corning also finalized two additional long-term hyperscaler agreements similar in size and duration to the Meta deal.
Enterprise Networks sales increased 65% year over year in the second quarter to $1.27 billion. Corning said GenAI product sales nearly doubled, showing how data-center architecture has become a central optical demand driver.
GLW’s Photonics Platform Extends the Growth RunwayCorning is extending beyond traditional fiber demand. Its GenAI portfolio includes multicore fiber, high-density connectivity systems and advanced optical products designed to improve network capacity and reduce installation complexity.
The longer-term opportunity is the Photonics Market-Access Platform. Management expects this platform to build a $10 billion revenue stream by 2030 as optical technology moves closer to chips and deeper into AI infrastructure.
NVIDIA Corporation (NVDA - Free Report) , whose accelerated-computing platforms are central to AI data-center deployments, is an important partner in this shift. Corning sees more optical content per graphics processing unit as clusters grow and scale-up networks adopt optical connections.
Corning’s U.S. Manufacturing Push Gains Strategic WeightThe NVIDIA partnership also changes Corning’s production footprint. The company plans to expand U.S.-based optical-connectivity manufacturing capacity tenfold and increase domestic fiber production capacity by more than 50%.
Corning also plans three new advanced manufacturing facilities in North Carolina and Texas and more than 3,000 jobs. These investments show how AI demand is moving from orders into manufacturing strategy.
The benefit is closer alignment with customers that need reliable domestic supply. The challenge is pacing capacity against demand, technology adoption and delivery schedules.
GLW’s Solar Buildout Adds a Second Secular ThemeSolar gives Corning another growth platform outside Optical Communications. The company is scaling polysilicon, wafer and module operations to support the domestic solar supply chain in the United States.
Second-quarter Solar sales increased 90% year over year to $438 million, but the segment posted a $7 million net loss. Maintenance, upgrades and a permanent power transition added about $30 million of costs versus the first quarter.
Management expects sales and profitability to improve beginning in the third quarter. The key test is whether higher production can turn demand into durable profit and cash flow.
Corning’s Customer Mix Creates New DependenciesLong-term AI agreements can improve visibility and help Corning share expansion costs with customers. They can also increase reliance on a small group of hyperscale buyers.
Contract liabilities totaled $2.7 billion in the second quarter and included a $1 billion customer deposit tied to a long-term AI infrastructure supply agreement. That supports visibility, but raises delivery and timing risks.
Other risks remain. Carrier spending is cyclical, China-related tariff uncertainty could pressure margins or supply chains, and the Solar ramp adds a separate execution challenge.
GLW’s Scores Favor Trend Exposure Over Deep ValueThe bottom line is that Corning’s AI exposure is becoming more visible and more strategic. Optical Communications is the clearest growth engine, while Solar adds a second secular theme.
GLW currently carries a Zacks Rank #3 (Hold), which points to a more measured near-term view. Its Momentum Score of A and Growth Score of B support the operating-trend thesis.
The Value Score of D is the main offset. Investors are already paying a premium for expected AI and solar growth. The VGM Score of B leaves GLW better suited to growth-oriented investors than to deep-value buyers.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Corning (GLW) ve 2. čtvrtletí zvýšil tržby o 17 % a zisk na akcii o 30 % na 78 centů, čímž prodloužil sérii osmi kvartálů růstu. Akcie za rok vzrostly o 113,8 % a obchodují se za 46,6násobek forward P/E.
Key Takeaways GLW posted 17% revenue growth and 30% earnings growth, extending its multi-quarter momentum.GLW trades at 46.6X forward earnings after a 113.8% one-year rally, limiting room for missteps.Operating cash flow rose to $1.72B, while Solar lost $7M amid $30M of ramp-related costs. Corning Incorporated (GLW - Free Report) has become a clearer AI infrastructure story after another stronger-than-expected quarter. Growth in optical communications, improving cash flow and higher estimates support the bull case.
The harder question is valuation. GLW has already rallied sharply over the past year, leaving less room for missteps as the company ramps optical and solar capacity.
GLW’s Earnings Momentum Strengthens the Bull CaseCorning reported second-quarter 2026 core revenues of $4.74 billion, up 17% year over year, while core earnings rose 30% to 78 cents per share. Both figures topped the Zacks Consensus Estimate, with sales and earnings surprises of 2.9% and 2.6%, respectively.
The company has delivered at least eight consecutive quarters of year-over-year growth.
Management expects third-quarter core sales of $4.9 billion to $5 billion and core EPS of 85-89 cents, while the current fiscal-year earnings estimate has moved 1.7% higher over the past four weeks.
Corning’s Valuation Limits the Margin for ErrorThe stock’s premium is visible across several valuation measures. GLW trades at about 46.6X forward earnings, 6.9X trailing sales and 9.4X trailing book value, levels that already assume continued execution.
That matters after a major share-price move. GLW advanced 113.8% over the past year, although the stock fell 25.9% in the past three months. The pullback improves the entry debate, but it does not make the valuation inexpensive.
GLW’s Cash Flow and Margins Improve the QualityCash generation gives the growth story more support. Corning produced $1.72 billion in operating cash flow in the second quarter, up from $708 million a year earlier, and adjusted free cash flow reached $1.42 billion.
Margins also improved. Core operating margin expanded 190 basis points to 20.9%, while return on invested capital increased 180 basis points to 14.9%. Those gains matter as Corning funds capacity investments tied to Optical Communications and other growth platforms.
Corning’s Risks Keep the Setup From Looking EasyAI demand creates opportunity, but it also raises customer concentration risk. Contract liabilities totaled $2.7 billion and included a $1 billion customer deposit tied to a long-term AI infrastructure supply agreement, improving visibility while increasing delivery and timing pressure.
Other risks remain. Consumer electronics and automotive demand can be cyclical, China-related tariffs and supply-chain uncertainty could pressure margins, and the Solar segment posted a $7 million quarterly loss as maintenance, equipment upgrades and a power transition added about $30 million in costs.
GLW’s Price Target Frames a Measured Upside CaseThe $160 price target compares with the referenced share price of $135.22. That points to potential upside, but not enough to ignore valuation risk.
For that upside case to hold, Corning needs to keep converting AI optical demand into profitable growth and show that Solar can improve beginning in the third quarter. Continued margin expansion is central to justifying the stock’s premium.
Corning’s Scores Point to Selective OptimismGLW currently carries a Zacks Rank #3 (Hold), which supports a balanced stance rather than an aggressively bullish one. NVIDIA Corporation (NVDA - Free Report) remains a relevant comparison because its AI infrastructure ecosystem is tied to demand for high-speed optical connectivity. Meta Platforms (META - Free Report) is also relevant because its AI data-center ambitions directly align with Corning’s hyperscale optical opportunity.
The Momentum Score of A and Growth Score of B reflect stronger operating trends, while the Value Score of D shows limited valuation support. The VGM Score of B leaves GLW better suited to growth-oriented investors willing to underwrite execution risk than to deep-value buyers seeking a discounted stock.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Amundi reduced its position in Corning Incorporated (NYSE:GLW – Free Report) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,958,324 shares of the electronics maker’s stock after selling 696,930 shares during the quarter. Amundi owned about 0.46% of Corning worth $538,213,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of GLW. Merit Financial Group LLC grew its holdings in Corning by 16.9% during the fourth quarter. Merit Financial Group LLC now owns 45,001 shares of the electronics maker’s stock worth $3,940,000 after acquiring an additional 6,493 shares during the period. Security National Bank lifted its holdings in Corning by 340.4% in the fourth quarter. Security National Bank now owns 72,523 shares of the electronics maker’s stock valued at $6,350,000 after acquiring an additional 56,056 shares during the period. Principal Financial Group Inc. boosted its position in shares of Corning by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 893,451 shares of the electronics maker’s stock worth $121,483,000 after purchasing an additional 10,591 shares in the last quarter. Wealthfront Advisers LLC grew its stake in shares of Corning by 36.2% during the 1st quarter. Wealthfront Advisers LLC now owns 92,425 shares of the electronics maker’s stock worth $12,567,000 after purchasing an additional 24,589 shares during the period. Finally, Three Seasons Wealth LLC purchased a new position in shares of Corning in the 4th quarter valued at about $1,750,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.
Corning Stock Down 1.5% Shares of Corning stock opened at $124.06 on Thursday. Corning Incorporated has a twelve month low of $61.44 and a twelve month high of $271.78. The stock has a market cap of $106.77 billion, a price-to-earnings ratio of 56.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $185.16 and a 200 day moving average price of $156.53.
Corning (NYSE:GLW – Get Free Report) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02. The business had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.20% and a return on equity of 20.09%. The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities research analysts forecast that Corning Incorporated will post 3.18 earnings per share for the current fiscal year.
Corning Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be paid a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.9%. Corning’s payout ratio is 53.59%.
Insiders Place Their Bets In other news, SVP Jaymin Amin sold 27,395 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $192.14, for a total value of $5,263,675.30. Following the transaction, the senior vice president directly owned 94,400 shares in the company, valued at approximately $18,138,016. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John Z. Zhang sold 10,000 shares of Corning stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the sale, the vice president owned 5,138 shares in the company, valued at approximately $1,019,070.92. This represents a 66.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 160,655 shares of company stock valued at $30,692,560. Insiders own 0.25% of the company’s stock.
Key Corning News Here are the key news stories impacting Corning this week:
Positive Sentiment: Corning reported second-quarter revenue of $4.74 billion, up 17% year over year, while core EPS rose 30% to $0.78, exceeding the $0.76 consensus estimate. Corning Q2 results Positive Sentiment: Optical Communications sales increased 32% to $2.07 billion, led by a 65% gain in Enterprise Networks as generative-AI products continued to grow rapidly. Solar sales also climbed 90%, supporting revenue, margins and free cash flow. Corning beats Q2 estimates Positive Sentiment: Management highlighted demand from AI data centers and its Springboard plan, which is intended to accelerate sales and profitability. Corning’s fiber products are benefiting from the shift toward higher-bandwidth data-center networks. GLW AI growth plan Neutral Sentiment: Citigroup maintained a Buy rating but reduced its price target from $240 to $220. JPMorgan lowered its target from $200 to $170 and kept a Neutral rating, indicating analysts still see potential upside but have moderated expectations. Analyst target changes Negative Sentiment: Third-quarter revenue guidance of $4.9 billion to $5.0 billion was viewed as roughly in line with, rather than above, Wall Street’s $5.0 billion expectation. Although EPS guidance of $0.85-$0.89 exceeded the consensus midpoint, investors wanted a stronger outlook after the stock’s prior AI-driven rally. Corning guidance reaction Negative Sentiment: The guidance disappointment triggered a broad selloff in optical and AI infrastructure stocks. Analysts and market commentators also cited valuation concerns and a possible rotation away from recent AI winners, making the earnings beat insufficient to support the share price. Corning AI trade and guidance Wall Street Analyst Weigh In A number of research analysts have issued reports on GLW shares. Bank of America increased their target price on shares of Corning from $223.00 to $243.00 and gave the company a “buy” rating in a report on Monday, July 6th. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings downgraded Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. Morgan Stanley cut their price target on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Citigroup reduced their target price on Corning from $240.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Corning currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.38.
Read Our Latest Stock Report on Corning
Corning Company Profile (Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
Further Reading Five stocks we like better than Corning Why SK hynix Could Be the Best AI Chip Stock to Buy Now Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead? Why Bloom Energy May Be the Most Important AI Infrastructure Stock Want to see what other hedge funds are holding GLW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corning Incorporated (NYSE:GLW – Free Report).
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Corning uvedla, že poptávka po AI infrastruktuře zvedla výnosy divize Optical Communications o 32 % meziročně na 2,07 mld. USD. Firma zároveň potvrdila dohody s Amazon a NVIDIA o rozšíření optické kapacity.
Key Takeaways GLW's Springboard plan targets $20B, $30B and $40B sales run rates by 2026, 2028 and 2030, respectively. Optical Communications sales rose 32% year over year, driven by AI and data center demand. Corning discussed Amazon and NVIDIA agreements supporting optical capacity expansion. Corning Incorporated (GLW - Free Report) used its second-quarter 2026 earnings call to highlight accelerating demand from artificial intelligence infrastructure and the progress on its upgraded Springboard growth plan.
Management emphasized expanding optical opportunities, customer partnerships and improving financial performance while outlining a longer-term path toward higher sales and profitability.
GLW Advances Springboard Growth StrategyCEO Wendell Weeks said Corning is entering a new phase of growth as the company executes its Springboard 20-30-40 plan. The strategy targets annualized sales run rates of $20 billion by the end of 2026, $30 billion by 2028 and $40 billion by 2030.
Weeks highlighted that the company expects sales growth to accelerate, with a projected 19% sales CAGR from the fourth quarter of 2026 through the fourth quarter of 2030. Management also expects earnings to grow faster than sales.
The company’s updated strategy is supported by investments in optical communications, photonics and other growth platforms. Management said the plan is designed to improve returns on invested capital and increase free cash flow over time.
Corning Benefits From AI Infrastructure DemandCorning reported strong momentum in Optical Communications, where sales increased 32% year over year to $2.07 billion. Enterprise Networks sales rose 65%, driven by demand for Gen AI-related products and data center infrastructure.
Weeks said AI networking requirements are creating opportunities beyond traditional GPU growth. He pointed to larger AI clusters, bandwidth requirements and the adoption of optical technologies in scale-up networks as drivers of future demand.
The CEO also discussed the potential expansion of Corning’s Photonics platform, which management believes could become a $10 billion market access platform by 2030 as optical technologies move further into advanced computing systems.
GLW Expands Customer PartnershipsCorning highlighted several major customer relationships supporting its growth outlook. Management discussed agreements with Amazon and NVIDIA tied to optical connectivity and expanded manufacturing capacity.
CFO Edward Schlesinger said long-term customer agreements are becoming an increasingly important part of the company’s capacity expansion strategy. These agreements help align investment decisions with customer demand.
During Q&A, a Wolfe Research analyst asked about the scale of long-term agreements within optical businesses. Weeks responded that major capacity expansions will increasingly be supported by these arrangements.
Corning Improves Profitability ProfileFor the second quarter, Corning delivered core sales of $4.74 billion, up 17% year over year, while core EPS increased 30% to 78 cents. Earnings per share beat the Zacks Consensus Estimate of 76 cents, while revenues beat the consensus mark of $4.60 billion. Core gross margin expanded to 39.6% and core operating margin reached 20.9%.
Schlesinger said Optical Communications achieved record profitability, with segment net income increasing 77% year over year to $438 million. He attributed margin improvement to stronger demand for innovative products.
The company also reported adjusted free cash flow of $1.42 billion during the quarter. Management said it expects free cash flow growth to continue while investing in expansion opportunities.
GLW Addresses Market Risks and OutlookManagement expects third-quarter core sales of $4.9 billion to $5 billion, representing approximately 16% year-over-year growth. Core EPS is expected to reach 85 cents to 89 cents, up about 28% year over year.
During Q&A, a Bank of America analyst questioned whether the third-quarter outlook implied slower growth after strong Enterprise performance. Schlesinger said the guidance was intended to reflect continued year-over-year growth and ongoing strength in Enterprise demand.
Management also noted pressure from memory pricing in handheld markets and muted automotive conditions, while expecting Gorilla Glass and other innovation-driven products to outperform broader market trends.
Corning Maintains Focus on Long-Term ExpansionCorning’s management emphasized that AI infrastructure remains a central growth opportunity, with Enterprise Networks and Photonics positioned as key contributors to future expansion.
The company continues to balance near-term execution with long-term investments, including higher capital spending to support optical capacity. Management expects to invest approximately $2 billion in capital expenditures during 2026.
The overall message from the call was centered on scaling new growth platforms, strengthening customer relationships and improving profitability as Corning advances its Springboard objectives.
Zacks Rank and Style Score SignalsCorning currently carries a Zacks Rank #2 (Buy), indicating that earnings estimate revisions are favorable compared with lower-ranked stocks. The Zacks Rank is designed to help identify stocks with stronger potential performance based on earnings estimate trends. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The stock has a Value Score of D, Growth Score of B, Momentum Score of F and a VGM Score of C. Zacks Style Scores use grades from A to F, with stronger scores reflecting more favorable characteristics within each investment style category.
The combination of a Zacks Rank #2 and individual Style Scores provides investors with additional context, though the Zacks Rank can change as analysts update earnings estimates following new company developments.
Corning po sérii zakázek od Apple, Meta, Nvidia a Amazon cílí na roční výnosy 40 miliard USD do konce roku 2030. Firma říká, že by to znamenalo zhruba zdvojnásobení současné výrobní kapacity.
The stock has already reflected some of that optimism. Shares have surged more than 103% over the past year and are up nearly 39% year to date, as investors increasingly view the company as a beneficiary of the AI buildout extending beyond semiconductors.
Four Tech Giants, One Growth StoryChairman and CEO Wendell Weeks recapped a series of partnerships announced over the past several months that span consumer electronics and AI infrastructure.
He said Apple expanded its long-standing relationship with Corning by committing to produce 100% of iPhone and Apple Watch cover glass at the company’s Kentucky facility.
In the first quarter, Corning and Meta announced a multi-year agreement worth up to $6 billion to support Meta’s AI ambitions using Corning’s latest optical fiber cable and connectivity technologies.
Weeks added that Nvidia subsequently announced a multi-year commercial and technology partnership with Corning to expand U.S.-based manufacturing of advanced optical connectivity solutions needed for next-generation AI infrastructure.
The momentum continued in June, when Amazon unveiled a multi-billion-dollar agreement under which Corning will supply optical fiber cable and connectivity products for the company’s expanding U.S. data center footprint.
While each announcement attracted attention on its own, Corning used its earnings call to present them as parts of a much larger strategy.
The Roadmap To $40 BillionFollowing the customer update, Weeks pointed investors to the company’s newly unveiled “Springboard 203040” plan.
The internal growth roadmap targets an annualized sales run rate of $20 billion by the end of 2026, $30 billion by the end of 2028 and $40 billion by the end of 2030—roughly doubling the company’s current revenue base over the next several years.
“We’re thinking of this as our Springboard 203040 plan,” Weeks said, adding that these are not aspirational concepts but the company’s actual operating plans developed across its business units.
AI Infrastructure Is Becoming Bigger Than ChipsThe customer list also highlights a broader shift in how investors think about AI beneficiaries.
Much of Wall Street’s attention has centered on GPU makers such as Nvidia or hyperscalers investing hundreds of billions of dollars into AI. Corning’s latest partnerships suggest another layer of the supply chain is also seeing significant demand.
As AI data centers scale, they require not only more computing power but also the optical fiber and connectivity systems that move enormous amounts of data between servers and networking equipment.
With Apple relying on Corning for device glass and Meta, Nvidia, and Amazon increasingly turning to the company for optical connectivity, Corning is positioning itself as a supplier to both the consumer hardware ecosystem and the infrastructure that powers artificial intelligence.
For investors, the message from management was straightforward: the recent wave of marquee customer wins is more than a collection of headline announcements—it is the foundation of a long-term growth plan that aims to transform Corning into a $40 billion annual sales company by the end of the decade.
Photo: T. Schneider / Shutterstock
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Corning zveřejnila výsledky za 2. čtvrtletí 2026. Firma uvedla, že bude používat výsledky na bázi core místo výsledků podle GAAP, pokud nebude výslovně uvedeno jinak.
Corning Incorporated (GLW) Q2 2026 Earnings Call July 28, 2026 8:30 AM EDT
Company Participants
Christopher Keenan - Director of Investor Relations
Wendell Weeks - Chairman, President & CEO
Edward Schlesinger - Executive Vice President & Chief Financial Officer
Conference Call Participants
Asiya Merchant - Citigroup Inc., Research Division
Joshua Spector - UBS Investment Bank, Research Division
George Notter - Wolfe Research, LLC
Wamsi Mohan - BofA Securities, Research Division
Joseph Cardoso - JPMorgan Chase & Co, Research Division
Meta Marshall - Morgan Stanley, Research Division
Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division
Presentation
Operator
Welcome to the Corning Incorporated Second Quarter 2026 Earnings Call.
[Operator Instructions]
Please be advised that today's conference is being recorded. It is my pleasure to introduce to you, Chris Keenan, Director of Investor Relations.
Christopher Keenan
Director of Investor Relations
Thank you, Carmen. Good morning, and welcome to Corning's Second Quarter 2026 Earnings Call. With me today are Wendell Weeks, Chairman, Chief Executive Officer and President; and Ed Schlesinger, Executive Vice President and Chief Financial Officer. I'd like to remind you that today's remarks contain forward-looking statements that fall within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties and other factors that could cause actual results to differ materially. These factors are detailed in the company's financial reports.
You should also note that we will be discussing our consolidated results using core performance measures, unless we specifically indicate our comments relate to GAAP data. Our core performance measures are non-GAAP measures used by management to analyze the business. For the second quarter, differences between GAAP and core EPS principally reflects adjustments for hedged exposures along with largely noncash discrete tax items and restructuring and impairment charges.
A reconciliation of core results to the comparable GAAP value can be found in
Corning po výsledcích klesl v premarketu o více než 12 %, protože výhled tržeb ve 3. čtvrtletí byl slabší, než se čekalo. Firma nyní očekává růst tržeb o 16 % na 4,9 až 5 miliard USD.
Corning stock plunged by over 12% in the premarket session after the company published the latest earnings report. GLW dropped by 12% to $122.92, its lowest level since March 9 this year. It has plunged by 54% from the year-to-date high of $271, with its valuation falling from $219 billion to $123 billion.
Corning, a top company that manufactures the popular Gorilla Glass, display glass, and advanced optics solutions, has been in a strong bull run this year, helped by its partnerships with companies like Nvidia, Meta Platforms, and Amazon.
These deals will see the company boost its optical connectivity manufacturing capacity by about 10%. It will also expand its fiber capacity by over 50%, including three manufacturing plants in the country.
As a result, it aims that these deals will help it meet its Springboard Plan, which aims to grow its annualized run rate of $20 billion by the end of this year to $30 billion by the end of 2028. It aims to grow this figure to $40 billion by 2030.
Still, despite these metrics, the stock has dropped sharply after releasing its results. Its results showed that its core sales jumped by 17% in the second quarter to $4.74 billion, with its core EPS rising by 30% to 78 cents. Its optical communications sales jumped by 32% to $2.07 billion.
By segment, its optical communications revenue jumped by 32% to $2.07 billion, while the glass innovations segment rose by just 1%. The automotive segment rose by just 2%, while its solar business soared by 90% to $438 million after completing a prolonged maintenance shutdown. In a statement, Wendell Weeks, the CEO, said:
“We continue to deepen our long-term customer partnerships with industry leaders, most recently with Amazon and NVIDIA. These partnerships provide strong proof points supporting our exciting Springboard Plan.”
A key concern among investors is that its guidance was relatively softer than expected. It now expects that its third-quarter sales will rise by 16% to between $4.9 billion and $5 billion.
At the same time, there are concerns that the company’s business has become highly overvalued. The company has a forward price-to-earnings ratio of 45, higher than the sector median of 24.
Despite this, analysts believe that Corning has more upside to go. Citigroup’s Asiya Merchant boosted his target from $225 to $240, while Oppenheimer boosted from $210 to $230. Bank of America’s Wamsi Mohan sees the stock soaring from $223 to $243.
Corning stock chart | Source: TradingView
The daily chart shows that the Corning share price has crashed in the past few months. It fell from a high of $271 on June 30 to a low of $122.9 today.
It has dropped below the lower side of the ascending channel pattern. Most notably, the stock has dropped below the 200-day moving average and the Ultimate Support of the Murrey Math Lines.
Therefore, the stock will likely continue falling with the next target being the extreme oversold level of $100.
Corning (GLW - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.6 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.63%. A quarter ago, it was expected that this specialty glass maker would post earnings of $0.7 per share when it actually produced earnings of $0.7, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Corning, which belongs to the Zacks Communication - Components industry, posted revenues of $4.74 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.94%. This compares to year-ago revenues of $4.05 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Corning shares have added about 63.7% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Corning?While Corning has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Corning was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $4.8 billion in revenues for the coming quarter and $3.18 on $18.62 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Communication - Components is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Ooma (OOMA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended July 2026.
This internet phone service provider is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of +39.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ooma's revenues are expected to be $81.68 million, up 23.1% from the year-ago quarter.
First Trust Advisors LP v 1. čtvrtletí snížil podíl v Corning o 42,3 % a prodal 299 457 akcií. Po prodeji držel 409 159 akcií v hodnotě 55,633 milionu USD.
First Trust Advisors LP reduced its stake in shares of Corning Incorporated (NYSE:GLW – Free Report) by 42.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 409,159 shares of the electronics maker’s stock after selling 299,457 shares during the period. First Trust Advisors LP’s holdings in Corning were worth $55,633,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in GLW. Berbice Capital Management LLC purchased a new stake in Corning during the fourth quarter worth about $26,000. Basepoint Wealth LLC acquired a new stake in shares of Corning during the 4th quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Corning during the 4th quarter worth approximately $27,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Corning in the 4th quarter worth approximately $31,000. Finally, Evolution Wealth Management Inc. grew its holdings in shares of Corning by 58.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 141 shares during the period. 69.80% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on GLW shares. Zacks Research cut Corning from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Bank of America raised their price target on Corning from $223.00 to $243.00 and gave the company a “buy” rating in a research report on Monday, July 6th. Barclays boosted their price objective on shares of Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Citigroup raised their target price on shares of Corning from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, July 13th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.69.
View Our Latest Stock Analysis on GLW
Insider Transactions at Corning In other news, VP John Z. Zhang sold 10,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $198.34, for a total transaction of $1,983,400.00. Following the completion of the sale, the vice president directly owned 5,138 shares of the company’s stock, valued at $1,019,070.92. The trade was a 66.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Wendell P. Weeks sold 100,000 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. This trade represents a 9.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 160,655 shares of company stock valued at $30,692,560 in the last quarter. Insiders own 0.25% of the company’s stock.
Corning Price Performance GLW stock opened at $146.57 on Monday. The stock has a market capitalization of $126.14 billion, a price-to-earnings ratio of 70.13, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. Corning Incorporated has a 52-week low of $54.89 and a 52-week high of $271.78. The stock’s fifty day simple moving average is $188.01 and its 200-day simple moving average is $155.61.
Corning (NYSE:GLW – Get Free Report) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts expect that Corning Incorporated will post 3.18 EPS for the current year.
Corning Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a dividend yield of 0.8%. Corning’s dividend payout ratio (DPR) is currently 53.59%.
About Corning (Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
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Corning zveřejní výsledky za 2. čtvrtletí 28. července; tržby mají dosáhnout 4,6 miliardy USD a zisk na akcii 76 centů. Růst má táhnout hlavně Optical Communications díky AI infrastruktuře a optickým vláknům.
Key Takeaways Corning reports Q2 2026 earnings on July 28, with Optical Communications expected to lead growth.GLW's AI infrastructure, fiber broadband and solar businesses are expected to support results.GLW has topped earnings estimates in the past four quarters but lacks a favorable earnings beat signal. Corning Incorporated (GLW - Free Report) is scheduled to report second-quarter 2026 earnings on July 28, 2026. The Zacks Consensus Estimate for sales and earnings is pegged at $4.6 billion and 76 cents per share, respectively. Earnings estimates for GLW have decreased 0.31% to $3.18 for 2026 and increased 0.96% to $4.22 for 2027 over the past 60 days.
GLW Estimate Trend
Image Source: Zacks Investment Research
Earnings Surprise HistoryThe advanced glass substrates producer has a solid trailing four-quarter earnings surprise history, having exceeded expectations on each occasion. It delivered a four-quarter earnings surprise of 2.41%, on average.
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Earnings WhispersOur proven model does not conclusively predict an earnings beat for Corning for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. That is not the case here.
Corning currently has an ESP of -0.70% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factor Shaping Upcoming ResultsCorning's Optical Communications business is expected to remain the primary growth engine in the second quarter. Growing investment in AI infrastructure will likely propel growth in this segment. Rising deployment of AI data centers is increasing demand for the company's optical fiber, cable and connectivity products.
Ongoing expansion of fiber broadband networks is another growth factor. Telecom carriers continue investing in fiber-to-the-home infrastructure to meet rising bandwidth requirements, creating strong demand for Corning's optical solutions.
The Solar business is expected to remain a major contributor. Demand for domestically manufactured solar products, including polysilicon, wafers and modules, remains healthy. Customers increasingly prefer U.S. made products and suppliers to increase reliability in their supply chain amid growing geopolitical volatility and trade uncertainty. Growing investment in advanced chip production and AI-related semiconductor capacity is supporting demand for the company's high-performance materials and optical technologies.
Per the Zacks Consensus Estimate, net sales from the optical communications segment are pegged at $1.94 billion, up from $1.56 billion a year ago. Net sales from the automotive and Life Sciences vertical are pegged at $453.36 million and $315.35 million, respectively.
Price PerformanceOver the past year, Corning has surged 191% compared with the industry’s growth of 251.2%. It has outperformed peers like Amphenol Corporation (APH - Free Report) but lagged Ciena Corporation (CIEN - Free Report) over this period. While Amphenol has gained 56.7%, Ciena has jumped 371.1%.
Image Source: Zacks Investment Research
Key Valuation MetricFrom a valuation standpoint, Corning appears premium relative to the industry but is trading above its mean. Going by the price/earnings ratio, the company shares currently trade at 43.17 forward earnings, higher than 39.47 for the industry and higher than the stock’s mean of 31.88.
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Investment ConsiderationCorning is positioning itself as a critical supplier to the AI ecosystem. An AI data center requires massive GPU clusters, high-speed optical interconnects, robust fiber networking infrastructure and advanced photonic solutions. Hyperscalers are rapidly expanding AI data centers, and this is directly boosting demand for Corning’s leading-edge optical fiber and connectivity products.
The company's Solar business has also emerged as an important growth engine. Its vertically integrated U.S. manufacturing platform, spanning polysilicon, wafers and solar modules, positions Corning to capitalize on growing demand for domestically produced solar components. Growing demand for specialty optical materials used in semiconductor manufacturing further diversifies its revenue base. Despite some weakness, demand for premium Corning’s Gorilla Glass products remains resilient. A diverse portfolio and strong focus on innovation enable it to maintain its competitive edge amid growing competition from other players, such as Amphenol and Ciena.
Corning's ongoing productivity initiatives are expected to remain a positive driver. Improved manufacturing efficiency, disciplined cost management and a more favorable product mix are expected to drive strong margin expansion.
End NoteCorning continues to strengthen its competitive position through innovation across optical connectivity, advanced glass and semiconductor applications. Expansion into high-growth markets, such as AI data center, solar, automotive and semiconductor, is a positive factor. Upward estimate revisions underscore growing confidence among investors regarding the stock's growth potential. Owing to these factors, Corning seems to be a good investment option at present.
Corning má těžit z poptávky po AI infrastruktuře, hlavně v Optical Communications, kde BofA čeká tržby 2,05 miliardy USD, meziročně +30,7 %. Banka také vidí druhé čtvrtletí nad guidance, s celkovými tržbami 4,65 miliardy USD.
Mohan expects Corning’s second-quarter results to reinforce confidence in a stronger second half, with Optical Communications driving revenue and earnings at or above guidance.
BofA projects second-quarter revenue of $4.65 billion, above Corning’s guidance of about $4.6 billion. It also expects adjusted EPS of 76 cents, near the high end of the company’s 73-cent to 77-cent guidance range.
Optical CommunicationsMohan identified Optical Communications as Corning’s key growth driver, supported by demand for AI infrastructure. He said Corning is benefiting from scale-up, scale-out, and scale-across AI buildout trends, particularly in fiber, connectivity, and cabling.
BofA projects second-quarter Optical revenue of $2.05 billion, up 30.7% year over year. Within the segment, Enterprise revenue is expected to rise 45% to $1.12 billion, while Carrier revenue is projected to increase 17% to $932 million.
Lumen TechnologiesThat support should continue even after stronger first-quarter activity pulled some seasonal demand forward.
Solar And Glass BusinessesBofA identified Solar as Corning’s main near-term headwind. Mohan expects a wafer transition to add about $30 million in second-quarter expense, pressuring margins before the drag eases in the second half.
In Glass Innovations, BofA expects mid-single-digit sequential and year-over-year growth, led by Specialty Materials.
Mohan also sees longer-term upside from GlassBridge technology and future glass substrate opportunities tied to advanced semiconductor packaging around 2029 to 2030.
Financial Forecasts And ValuationBofA raised its 2028 EPS estimate to $6.50 from $5.95 and lifted its 2027 EPS estimate to $5.00 from $4.99. The firm now models revenue of $19.32 billion in 2026, $24.88 billion in 2027, and $30.57 billion in 2028.
BofA values Corning at 37 times its 2028 EPS estimate. Mohan said the premium multiple reflects recoveries in Display, Environmental, and Specialty, as well as multiyear growth in Optical from hyperscalers and generative AI demand.
For the third quarter, BofA expects Corning to guide for revenue of about $5.2 billion and EPS of 87 cents to 91 cents. The outlook reflects Enterprise growth, steadier Carrier revenue, and easing Solar-related pressure.
Corning Technical AnalysisCorning remains in a solid long-term uptrend. The stock trades about 5.3% above its 50-day simple moving average of $189.18, 19.4% above its 100-day SMA of $166.82 and 55.9% above its 200-day SMA of $127.81. The moving averages also remain in a bullish alignment, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA.
In the near term, shares are trading close to the 20-day SMA of $199.25. That level could act as an important support or resistance point. Meanwhile, the 20-day exponential moving average of $205.61 sits above the current price, suggesting short-term momentum has eased.
The relative strength index stands at 49.22. An RSI near 50 signals neutral momentum and suggests the stock is consolidating rather than becoming overbought or oversold.
Traders are watching nearby technical levels after the stock reached a new 52-week high in June.
Key resistance: $208.50 Key support: $172.50 Corning Earnings And Analyst OutlookThe company’s next earnings report is expected on July 28.
Wall Street expects earnings of 75 cents per share, up from 60 cents a year earlier. Revenue is projected to increase to $4.62 billion from $4.04 billion.
Corning trades at a price-to-earnings ratio of 94.6, reflecting a premium valuation.
Analysts maintain a consensus Buy rating with an average price forecast of $206.60. Recent analyst actions include:
Bank of America: Buy; raised price forecast to $243 on July 6. Mizuho: Outperform; raised price forecast to $270 on July 1. Truist Securities: Hold; raised price forecast to $205 on June 22. GLW Stock Price Activity: Corning shares were up 1.35% at $199.44 at the time of publication on Monday, according to Benzinga Pro data.
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