Corning
What matters nowUpdated 4 days 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 1.
- 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.
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.↗ source
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 →
Valuation & fundamentalsFull financials →
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 →
Optical Communications
Q2 2026 sales rose 32% to $2.07 billion, led by a 65% jump in Enterprise Networks.
Glass Innovations
Q2 2026 sales were $1.46 billion, up 1% year over year.
Automotive
Q2 2026 sales were $471 million, up 2% year over year.
Solar
Q2 2026 sales rose 90% to $438 million after a maintenance shutdown and equipment upgrade.
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.
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%.
Corning reports fiscal Q2 2026 results: revenue $4.50B, up 17% from a year earlier
Corning filed a Form 8-K with the SEC on Jul 28, 2026, 7:03 AM ET, reporting an event dated Jul 28, 2026.
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.
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%.
Corning reports fiscal Q1 2026 results: revenue $4.14B, up 20% from a year earlier
Corning filed a Form 8-K with the SEC on Apr 28, 2026, 7:02 AM ET, reporting an event dated Apr 28, 2026.
Products & businesses
Optical Communications
Q2 2026 sales rose 32% to $2.07 billion, led by a 65% jump in Enterprise Networks.
Glass Innovations
Q2 2026 sales were $1.46 billion, up 1% year over year.
Automotive
Q2 2026 sales were $471 million, up 2% year over year.
Solar
Q2 2026 sales rose 90% to $438 million after a maintenance shutdown and equipment upgrade.
Next: Solar earnings impact expected to improve starting in Q3 2026 · 2026-07-01
Life Sciences and Emerging Growth Businesses
Q2 2026 sales were $294 million, down 15% year over year.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Optical Communications↗ Optical fiber, cable and connectivity for enterprise and carrier networks, including AI data-center networks and fiber to the home. | $6.27B | 38.0% | |
| Display↗ Glass substrates for liquid crystal and organic light-emitting diode displays. Reported as part of Glass Innovations from Q1 2026. | $3.70B | 23.0% | |
| Specialty Materials↗ Specialty glass for consumer electronics, including cover glass, and related materials. Reported as part of Glass Innovations from Q1 2026. | $2.21B | 13.0% | |
| Automotive↗ Glass and ceramic substrates for vehicles, including emissions substrates and vehicle glass. | $1.79B | 11.0% | |
| Life Sciences↗ Labware and cell culture products for research and biopharma. Reported as Life Sciences and Emerging Growth Businesses from Q1 2026. | $972.0M | 6.0% | |
| Hemlock and Emerging Growth Businesses↗ Hemlock Semiconductor polysilicon and wafer operations, plus other emerging businesses. Hemlock is now reported in the Solar segment from Q1 2026. | $1.46B | 9.0% |
Fiscal 2025 · from the annual report
Valuation & fundamentals
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.
Financial statements
| Metric | TTM | Q2 FY2026↗ 2026-06-30 | Q1 FY2026↗ 2026-03-31 | Q4 FY2025↗ 2025-12-31 | Q3 FY2025↗ 2025-09-30 | Q2 FY2025↗ 2025-06-30 | Q1 FY2025↗ 2025-03-31 | Q4 FY2024↗ 2024-12-31 | Q3 FY2024↗ 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.96B | $4.50B +17% | $4.14B +20% | $4.21Bd +20% | $4.10B +21% | $3.86B +19% | $3.45B +16% | $3.50Bd +17% | $3.39B +7% |
| Gross profit | $6.17B | $1.63B +17% | $1.53B +26% | $1.50Bd +25% | $1.52B +34% | $1.39B +47% | $1.21B +22% | $1.20Bd +31% | $1.14B +13% |
| Operating income | $2.60B | $698.0M +22% | $639.0M +44% | $672.0Md +71% | $589.0M +95% | $573.0M +208% | $445.0M +75% | $393.0Md +404% | $302.0M +28% |
| Net income | $1.90B | $559.0M +19% | $371.0M +136% | $540.0Md +74% | $430.0M | $469.0M +351% | $157.0M -25% | $310.0Md | −$117.0M -171% |
| EPS (diluted) | $2.19 | $0.64 +19% | $0.43 +139% | $0.62d +77% | $0.50 | $0.54 +350% | $0.18 -25% | $0.35d | −$0.14 -174% |
| Operating cash flow | $3.92B | $1.72Bd +143% | $362.0M +140% | $1.05Bd +69% | $784.0Md +12% | $708.0Md +36% | $151.0M +57% | $623.0Md -13% | $699.0Md -3% |
| Capital expenditure | $1.52B | $422.0Md +37% | $332.0M +60% | $432.0Md +70% | $334.0Md +54% | $308.0Md +27% | $208.0M -17% | $254.0Md -9% | $217.0Md -36% |
| Share buybacks | — | — | — | $5.0Md -83% | $25.0Md -17% | $33.0Md | $100.0M | $30.0Md | $30.0Md |
| Cash & equivalents | $2.50B | $2.50B | $1.75B | $1.53B | — | $1.49B | $1.36B | $1.77B | — |
| Total debt | $8.42B | $8.42Bd | $8.97Bd | $8.43Bd | $8.22Bd | $7.50Bd | $7.24Bd | $7.21Bd | $7.41Bd |
| Shares outstanding | 861.4M | 861.4M | 860.6M | 857.9M | 857.4M | 856.6M | 856.5M | 856.6M | 856.2M |
| Metric | FY2025↗ 2025-12-31 | FY2024↗ 2024-12-31 | FY2023↗ 2023-12-31 | FY2022↗ 2022-12-31 |
|---|---|---|---|---|
| Revenue | $15.63B +19% | $13.12B +4% | $12.59B -11% | $14.19B |
| Cost of revenue | $10.01B +13% | $8.84B +2% | $8.66B -11% | $9.68B |
| Gross profit | $5.62B +31% | $4.28B +9% | $3.93B -13% | $4.51B |
| Research & development | $800.0M +0% | $800.0M -11% | $900.0M +0% | $900.0M |
| Operating income | $2.28B +101% | $1.14B +28% | $890.0M -38% | $1.44B |
| EBIT | $2.28B +101% | $1.14B +28% | $890.0M -38% | $1.44B |
| Pre-tax income | $2.05B +152% | $813.0M -0% | $816.0M -55% | $1.80B |
| Depreciation & amortization | $1.24B +1% | $1.23B -1% | $1.25B -6% | $1.33B |
| Interest expense | $336.0M +2% | $329.0M +0% | $329.0M +13% | $292.0M |
| Income tax | $310.0M +40% | $221.0M +32% | $168.0M -59% | $411.0M |
| Net income | $1.60B +215% | $506.0M -13% | $581.0M -56% | $1.32B |
| EPS (diluted) | $1.83 +216% | $0.58 -15% | $0.68 -56% | $1.54 |
| Dividends per share | $1.12 +0% | $1.12 +0% | $1.12 +4% | $1.08 |
| Diluted shares (weighted) | 871.0M | 869.0M | 859.0M | 857.0M |
| Operating cash flow | $2.69B +39% | $1.94B -3% | $2.00B -23% | $2.62B |
| Capital expenditure | $1.28B +33% | $965.0M -31% | $1.39B -13% | $1.60B |
| Share buybacks | $163.0M -1% | $165.0M | — | $221.0M |
| Cash & equivalents | $1.53B | $1.77B | $1.78B | — |
| Total debt | $8.43Bd | $7.21Bd | $7.53Bd | $6.91Bd |
| Total assets | $30.98B | $27.73B | $28.50B | $29.50B |
| Total liabilities | $18.67B | $16.66B | $16.63B | $17.22B |
| Shareholders' equity | $11.81B | $10.69B | $11.55B | $12.01B |
| Shares outstanding | 857.9M | 856.6M | 853.5M | 846.6M |
From XBRL data in SEC filings; the ↗ on each period opens the filing it was read from. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
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.
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%.
Corning reports fiscal Q2 2026 results: revenue $4.50B, up 17% from a year earlier
Corning filed a Form 8-K with the SEC on Jul 28, 2026, 7:03 AM ET, reporting an event dated Jul 28, 2026.
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.
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%.
Corning reports fiscal Q1 2026 results: revenue $4.14B, up 20% from a year earlier
Corning filed a Form 8-K with the SEC on Apr 28, 2026, 7:02 AM ET, reporting an event dated Apr 28, 2026.
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.
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.
SEC filings
| Oct 1, 26 | 4 | Form 4: Martin Kevin J (Director) — derivative/holdings only | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: Ferguson Roger W. Jr. (Director) — derivative/holdings only | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: CUMMINGS ROBERT F JR (Director) — derivative/holdings only | sec.gov ↗ |
| Oct 1, 26 | 4 | Form 4: BURNS STEPHANIE (Director) — derivative/holdings only | sec.gov ↗ |
| Sep 11, 26 | 8-K | 8-K: Other Events (Item 8.01) | sec.gov ↗ |
| Sep 11, 26 | 424B5 | 424B5: Prospectus supplement | sec.gov ↗ |
| Sep 8, 26 | 4 | Form 4: Gullo Michelle L (Senior Vice President & CHRO) — open-market sale 9,874 sh | sec.gov ↗ |
| Sep 4, 26 | 8-K | 8-K: Regulation FD Disclosure (Item 7.01) | sec.gov ↗ |
| Sep 4, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Aug 31, 26 | 4 | Form 4: STEVERSON LEWIS A (Vice Chairman, EVP and CLAO) — open-market sale 13,100 sh | sec.gov ↗ |
| Aug 28, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jul 29, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Jul 28, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Jul 1, 26 | 4 | Form 4: Martin Kevin J (Director) — derivative/holdings only | sec.gov ↗ |
| Jul 1, 26 | 4 | Form 4: Ferguson Roger W. Jr. (Director) — derivative/holdings only | sec.gov ↗ |
| Jul 1, 26 | 4 | Form 4: CUMMINGS ROBERT F JR (Director) — derivative/holdings only | sec.gov ↗ |
| Jul 1, 26 | 4 | Form 4: BURNS STEPHANIE (Director) — derivative/holdings only | sec.gov ↗ |
| Jun 23, 26 | 4 | Form 4: Gullo Michelle L (Senior Vice President & CHRO) — tax withholding 18,378 sh | sec.gov ↗ |
| Jun 15, 26 | 11-K | 11-K: Employee stock plan annual report | sec.gov ↗ |
| Jun 15, 26 | 11-K | 11-K: Employee stock plan annual report | sec.gov ↗ |
| Jun 9, 26 | 4 | Form 4: WEEKS WENDELL P (Chairman, CEO and President, Director) — option exercise 100,000 sh, open-market sale 100,000 sh | sec.gov ↗ |
| Jun 9, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| May 29, 26 | SD | SD: Specialized disclosure (conflict minerals) | sec.gov ↗ |
| May 26, 26 | 4 | Form 4: Amin Jaymin (SVP and Chief Tech. Officer) — option exercise 7,917 sh, open-market sale 27,395 sh | sec.gov ↗ |
| May 22, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-04 | Gullo Michelle L Senior Vice President & CHRO | Sale | 9.9K | $152.29 | $1.5M |
| 2026-08-28 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Sale | 13.1K | $151.29 | $2.0M |
| 2026-06-09 | WEEKS WENDELL P Chairman, CEO and President, Director | Sale | 100.0K | $186.46 | $18.6M |
| 2026-05-22 | Amin Jaymin SVP and Chief Tech. Officer | Sale | 27.4K | $192.14 | $5.3M |
| 2026-05-15 | Nelson Avery H III Executive Vice President & COO | Sale | 20.0K | $195.93 | $3.9M |
| 2026-05-13 | Verkleeren Ronald L SVP Emerging Innovations Group | Sale | 10.0K | $207.77 | $2.1M |
| 2026-05-11 | Zhang John Z Exec. Vice President & CCDO | Sale | 10.0K | $198.34 | $2.0M |
| 2026-05-11 | Seetharam Soumya Senior Vice President & CDIO | Sale | 20.0K | $206.23 | $4.1M |
| 2026-05-11 | TILLMAN MICHAUNE D SVP and General Counsel | Sale | 3.3K | $207.02 | $674.9K |
| 2026-05-08 | Becker Stefan SVP, Finance & Corp Controller | Sale | 21.0K | $188.08 | $3.9M |
| 2026-05-08 | Gullo Michelle L Senior Vice President & CHRO | Sale | 5.3K | $189.03 | $1.0M |
| 2026-05-08 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Sale | 27.8K | $196.06 | $5.4M |
| 2026-05-07 | Schlesinger Edward A Exec. Vice President and CFO | Sale | 22.6K | $186.08 | $4.2M |
| 2026-05-06 | Zhang John Z Exec. Vice President & CCDO | Sale | 15.0K | $184.67 | $2.8M |
| 2026-02-26 | WEEKS WENDELL P Chairman, CEO and President, Director | Sale | 137.5K | $155.37 | $21.4M |
| 2026-02-13 | Gullo Michelle L Senior Vice President & CHRO | Sale | 587 | $131.11 | $77.0K |
| 2026-02-12 | Zhang John Z Exec. Vice President & CCDO | Sale | 1.5K | $133.75 | $204.8K |
| 2026-02-12 | Gullo Michelle L Senior Vice President & CHRO | Sale | 44 | $135.83 | $6.0K |
| 2026-02-11 | Nelson Avery H III Executive Vice President & COO | Sale | 1.6K | $128.74 | $203.8K |
| 2026-02-10 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Sale | 15.4K | $130.22 | $2.0M |
| 2026-02-09 | Musser Eric S Retired President | Sale | 15.0K | $130.25 | $2.0M |
| 2026-02-09 | Kammerud Jordana Daryl SVP | Sale | 30.0K | $127.67 | $3.8M |
| 2026-02-09 | Nelson Avery H III Executive Vice President & COO | Sale | 6.3K | $129.79 | $812.7K |
| 2026-02-04 | Fang Li SVP, Corning Intl & NBD, Solar | Sale | 9.8K | $113.51 | $1.1M |
| 2026-02-02 | Musser Eric S Retired President | Sale | 25.0K | $110.00 | $2.8M |