Corning revenue jumps 19% to $5.08 billion in Q3
Key points
- Corning (NYSE:GLW) reported third-quarter 2026 core revenue of $5.08 billion, up 19% year over year, and core earnings of $0.91 per share, above analysts’ $0.88 estimate.
- Optical Communications sales rose 44% to $2.38 billion, supported by stronger enterprise networking demand and more than doubled sales of generative AI products.
- Corning expects fourth-quarter core earnings of $0.96–$1.00 per share and core revenue of $5.20 billion–$5.30 billion.
Corning (NYSE:GLW) reported third-quarter 2026 core revenue of $5.08 billion, up 19% year over year, and core earnings of $0.91 per share, beating analyst estimates of $5.03 billion and $0.88, respectively.
Core revenue exceeded expectations, while GAAP sales rose 18% to $4.86 billion and GAAP earnings increased 56% to $0.78 per share compared with the prior-year quarter.
Optical Communications sales increased 44% to $2.38 billion, including 84% growth in Enterprise Networks, while Glass Innovations sales fell 3% to $1.51 billion and Solar segment sales rose 37% despite a $7 million net loss.
For the fourth quarter, Corning expects core revenue of $5.20 billion–$5.30 billion and core earnings of $0.96–$1.00 per share, compared with analyst estimates of $5.21 billion and $0.93 per share.
The company is pursuing its Springboard growth plan, which 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, supported in part by demand for AI networking products and solar technologies.
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