Companies/Technology/Specialty glass, ceramics and optical communications

Corning

GLW · NYSEEarnings Oct 28 (est.)One Riverfront Plaza, Corning, New York, USA67.2K employeesWebsite ↗
146.71▲ 0.79%Pooled price · full market data →

What matters nowUpdated 3 h ago

  • Corning reported fiscal Q2 2026 revenue of $4.50 billion on July 28, 2026, up 17% from a year earlier ·, and filed its 10-Q for the quarter ended June 30 the next day 2.
  • GLW was at $145.39 on the pooled 24/7 venue price, 0.12% below its previous close. Recent daily moves were -7.07% on Oct 12, -6.43% on Oct 8, +6.02% on Oct 6, +4.25% on Oct 1 and +5.93% on Sep 29.
  • Optical Communications, the largest segment by sales, reported Q2 sales of $2.07 billion, up 32%, led by a 65% jump in Enterprise Networks. Solar sales rose 90% to $438 million after a maintenance shutdown and equipment upgrade, while Glass Innovations was up 1% at $1.46 billion.
  • Trailing twelve-month revenue is $16.96 billion, up 19.4% year over year, with a 36.4% gross margin, a 15.3% operating margin and EPS of $2.19, up 135% year over year, through June 30, 2026. At a $125.3 billion market capitalization the stock trades at 66.4 times earnings and 31.8 times EV/EBITDA.
  • Insiders sold 305,256 shares worth $57.5 million in 14 sales over the past 180 days and bought none.
  • Q3 2026 earnings are expected on October 28, 2026, not yet confirmed, against management guidance for core sales of $4.9 to $5.0 billion and core EPS of $0.85 to $0.89. Polymarket puts 81.5% on no Fed rate change after the October 2026 meeting and 17.5% on a 25 bp hike, with September CPI due October 14.
[2]
Corning files quarterly report (10-Q) for the period ended Jun 30, 2026
SEC EDGAR · Jul 29

Corning makes specialty glass, ceramics and optical fiber and connectivity products. Its optical communications business supplies fiber, cable and connectors for AI data centers and telecom networks, and it is the largest segment by sales. Its glass businesses supply display glass for consumer electronics and specialty materials, and its automotive business supplies glass for vehicles. Solar, which includes Hemlock Semiconductor's polysilicon and wafer operations, was reported as a separate segment from Q1 2026.

How it makes money

Corning sells engineered materials to manufacturers. Optical communications sells fiber, cable and connectivity hardware to telecom carriers and to AI data-center operators. Glass innovations sells glass to display makers and specialty materials to electronics customers. Automotive sells glass to vehicle makers. Solar sells polysilicon, wafers and modules. Sales are mainly to large industrial customers under multi-year supply agreements.

Last 12 monthsChart & venues →

128.62190.24251.86Corning Q2 2026 core EPS up 30% to $0.78; Q3 guidance of $0.85 to $0.89 core EPS1May 17Jun 23Jul 30Sep 5Oct 12
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Valuation & fundamentalsFull financials →

Market cap$126.37Bpooled price × shares
Enterprise value$126.37B+ net debt —
P/E (TTM)67.0×EPS $2.19
EV / EBITDA32.1×EBITDA $3.93B
P / Sales7.4×EV/Sales 7.4×
P / Book10.1×equity $12.56B
FCF yield—FCF —
Shareholder yield—div — · buyback —
Revenue (TTM)$16.96B19.4% YoY
Last quarter revenue16.6%growth YoY
EPS growth (TTM)135.5%last Q 18.5%
Gross margin36.4%operating 15.3%
Net margin11.2%EBITDA 23.2%
ROE16.1%on average equity
Cash$2.50Bdebt —
Shares out861.4Mdiluted 875.0M

TTM through 2026-06-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →

Biggest businessesAll products & projects →

scalingproduct line

Optical Communications

Q2 2026 sales rose 32% to $2.07 billion, led by a 65% jump in Enterprise Networks.

Net sales · Q2 2026
$2.07 billion +32% year over year
Enterprise Networks sales · Q2 2026
Up 65% year over year +65% year over year
Net income · Q2 2026
$438 million +77% year over year
scalingproduct line

Glass Innovations

Q2 2026 sales were $1.46 billion, up 1% year over year.

Net sales · Q2 2026
$1.46 billion +1% year over year
launchedproduct line

Automotive

Q2 2026 sales were $471 million, up 2% year over year.

Net sales · Q2 2026
$471 million +2% year over year
scalingproduct line

Solar

Q2 2026 sales rose 90% to $438 million after a maintenance shutdown and equipment upgrade.

Net sales · Q2 2026
$438 million +90% year over year

Next: Solar earnings impact expected to improve starting in Q3 2026 · 2026-07-01

Latest newsAll news →

Corning sets up $2 billion at-the-market stock sale program with Goldman Sachs

Corning signed an equity distribution agreement with Goldman Sachs on September 11, 2026, allowing it to sell up to $2 billion of common stock through an at-the-market program.

Capital

Corning Q2 2026 core EPS up 30% to $0.78; Q3 guidance of $0.85 to $0.89 core EPS

Corning reported second-quarter 2026 core sales of $4.74 billion, up 17%, and core EPS of $0.78, up 30%.

Earnings

NVIDIA buys warrants for up to 18 million Corning shares for $500 million

Corning filed an 8-K reporting that NVIDIA bought two warrants on May 6, 2026, the same day the companies announced their long-term US manufacturing partnership.

Capital

Corning Q1 2026 core sales rise 18% and optical sales jump 36%; Q2 core sales guided to about $4.6 billion

Corning reported first-quarter 2026 core sales of $4.35 billion, up 18%, and core EPS of $0.70, up 30%.

Earnings

Corning raises Springboard targets to $6.5 billion for end-2026 and $11 billion for end-2028

Corning raised the incremental annualized sales targets in its Springboard growth plan, announced with its Q4 2025 results.

Guidance

Corning reports fiscal Q3 2025 results: revenue $4.10B, up 21% from a year earlier

Corning filed a Form 8-K with the SEC on Oct 28, 2025, 7:05 AM ET, reporting an event dated Oct 28, 2025.

Earnings