Corning Q2 Earnings Beat Estimates, Stock Falls on Guidance
Corning Inc. (GLW) reported second-quarter core earnings of $0.78 per share in 2026, surpassing the expected $0.76 and showing a year-over-year increase of 30%. Core sales reached $4.74 billion, up 17% from last year but below analyst expectations for $4.99 billion. Despite these strong results, Corning's stock fell by 14% in premarket trading due to weaker-than-expected guidance. The company projected third-quarter core earnings between $0.85 and $0.89 per share with sales expected between $4.9 billion and $5 billion—below the anticipated $4.99 billion revenue forecast by analysts. Corning's Optical Communications segment led performance, reporting a 32% year-over-year increase in net sales to $2.07 billion. The Solar segment saw significant growth with a 90% rise in sales but remained unprofitable for the quarter. Corning expects profitability improvements in Q3 following maintenance and upgrades at its solar wafer facility.
Topics: Earnings Guidance Stock Reaction