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Corning

Corning (GLW) Q2 2026 Earnings

Reported Jul 28, 2026 at 7:03 AM ET · SEC Source

Q2 26 EPS

$0.78

BEAT +3.48%

Est. $0.75

Q2 26 Revenue

$4.51B

MISS 2.69%

Est. $4.63B

vs S&P Since Q2 26

+12.0%

BEATING MARKET

GLW +16.2% vs S&P +4.1%

Market Reaction

Did GLW Beat Earnings? Q2 2026 Results

Corning delivered a mixed but broadly encouraging second quarter for fiscal 2026, beating earnings expectations while falling short on the top line as AI-driven demand powered its best-performing segment. The company posted core EPS of $0.78, edging … Read more Corning delivered a mixed but broadly encouraging second quarter for fiscal 2026, beating earnings expectations while falling short on the top line as AI-driven demand powered its best-performing segment. The company posted core EPS of $0.78, edging past the $0.75 consensus by 3.48% and extending its streak of beating EPS estimates to five consecutive quarters, while revenue of $4.50 billion, up 16.6% year over year, came in 2.69% below analyst expectations. The standout driver was Optical Communications, where sales surged 32% to $2.07 billion, fueled by a 65% jump in Enterprise Networks as generative AI infrastructure buildouts accelerated demand for fiber and connectivity solutions; major multiyear commitments from Amazon and NVIDIA underscored that momentum. Shares fell sharply in the session following results, with investors appearing focused on conservative near-term signals. Still, management guided Q3 core sales of $4.90 billion to $5.00 billion and core EPS of $0.85 to $0.89, reflecting continued confidence in its upgraded Springboard Plan targeting $40.00 billion in annualized sales by end of 2030.

Key Takeaways

  • • Optical Communications grew 32% driven by 65% increase in Enterprise Networks and rapidly growing Gen AI product sales
  • • Solar segment grew 90% year over year
  • • Core gross margin expanded 120 basis points to 39.6%
  • • Core operating margin expanded 190 basis points to 20.9%
  • • Core ROIC improved 180 basis points to 14.9%
  • • Ninth consecutive quarter of year-over-year growth

GLW Forward Guidance & Outlook

For Q3 2026, management expects core sales to grow approximately 16% year over year to a range of $4.9 billion to $5.0 billion and core EPS to grow approximately 28% year over year to a range of $0.85 to $0.89. Management expects an improving impact on earnings from Solar starting in Q3 as the ramp continues, building toward a revenue stream of more than $3 billion with strong profit and cash flow. The company's upgraded Springboard Plan targets annualized sales run rates 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 while growing earnings faster than sales, with significantly higher returns on invested capital and substantially more free cash flow.

24/7 Wall St

GLW YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

GLW Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“In the second quarter, we delivered outstanding results, and we upgraded our Springboard Plan to grow sales to an annualized 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. We're entering a new phase of accelerating growth, and we expect to deliver a sales CAGR of 19% from Q4 2026 to Q4 2030 – while growing earnings faster than sales, with significantly higher returns on invested capital and substantially more free cash flow.”

— Wendell P. Weeks, Q2 2026 Earnings Press Release

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