Jun 2026 (Q2 FY26) — Jul 28, 2026
Corning Q2 FY26 — Accelerating Growth Driven by Springboard 20-30-40 Plan and AI Demand
Read the full callCorning (GLW) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Corning earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,505 | +16.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.5 | +0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 559 | +19.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
24 of 27 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Conclude additional long-term capacity agreements with major hyperscale customers | similar long-term agreements, of similar size and scale to the up-to-$6bn Meta deal, with other major customers | Dec 2025 | in May, NVIDIA now is a multiyear commercial and technology partnership with Corning ... In June, Amazon announced a multibillion dollar agreement with Corning | Achieved |
| Solar module business operating margin to cross the 20% corporate target | cross over the 20% corporate operating margin target in Q2 2026 | Mar 2026 | The segment reported a net loss of $7 million — no module-margin crossover was addressed on the call | Ghosted |
| Capital expenditures | approximately $1.7 billion for 2026 | Dec 2025 | we expect to increase our investment run rate into Q3 and Q4, and to invest approximately $2 billion for the year | Revised Up |
3 of CORNING INC /NY's 47 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 44 more targets are in the full ledger.
Claimed
- Sales grew 17% year-over-year to $4.74 billion.
- EPS grew 30% year-over-year to $0.78.
- Optical Communications sales grew 32% year-over-year to over $2 billion, with net income up 77%.
- Enterprise sales within Optical Communications grew 65% year-over-year to $1.27 billion, with Gen AI product sales nearly doubling.
- Solar sales grew 90% year-over-year to $438 million.
Qualified
- Solar segment reported a net loss of $7 million in Q2 due to an additional $30 million expense from an extended maintenance shutdown.
- Memory prices are expected to impact the handheld market, with units down a mid-teens percentage for the full year.
- Global automotive vehicle market was down 2% year-over-year.
Price
$132.74 +0.56% · +$0.74
Performance +57.1% 1Y
1Y: $84.49 on 17 Oct 2025 → $132.74. High $255.69 (29 Jun 2026), low $78.03 (20 Nov 2025).
- Previous close
- $132
- 52-week range
- $78.03 – $255.69
- One year
- +55.65%
Overview
- Symbol
- GLW
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
24 of 27 judged targets kept · 20 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Conclude additional long-term capacity agreements with major hyperscale customers | similar long-term agreements, of similar size and scale to the up-to-$6bn Meta deal, with other major customers | Dec 2025 | in May, NVIDIA now is a multiyear commercial and technology partnership with Corning ... In June, Amazon announced a multibillion dollar agreement with Corning | Achieved |
| Solar module business operating margin to cross the 20% corporate target | cross over the 20% corporate operating margin target in Q2 2026 | Mar 2026 | The segment reported a net loss of $7 million — no module-margin crossover was addressed on the call | Ghosted |
| Capital expenditures | approximately $1.7 billion for 2026 | Dec 2025 | we expect to increase our investment run rate into Q3 and Q4, and to invest approximately $2 billion for the year | Revised Up |
Claimed
- Sales grew 17% year-over-year to $4.74 billion.
- EPS grew 30% year-over-year to $0.78.
- Optical Communications sales grew 32% year-over-year to over $2 billion, with net income up 77%.
- Enterprise sales within Optical Communications grew 65% year-over-year to $1.27 billion, with Gen AI product sales nearly doubling.
- Solar sales grew 90% year-over-year to $438 million.
Qualified
- Solar segment reported a net loss of $7 million in Q2 due to an additional $30 million expense from an extended maintenance shutdown.
- Memory prices are expected to impact the handheld market, with units down a mid-teens percentage for the full year.
- Global automotive vehicle market was down 2% year-over-year.
The full ledger
Open CORNING INC /NY’s full ledger
A free account opens 5 company ledgers a month. All 47 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
Corning Q1 FY26 — Strong Growth Led by Optical Communications and Solar, Springboard Plan Upgrade Ahead
Read the full callDec 2025 (Q4 FY25) — Jan 28, 2026
Corning Q4 FY25 — Springboard Plan Upgraded, Meta Partnership Drives Optical Growth
Read the full callEvery analysed call
Corning earnings calls (GLW)
Financials
What the filings say
Net profit, year on year: +19% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,391 | 3,501 | 3,452 | 3,862 | 4,100 | 4,215 | 4,144 | 4,505 |
| Operating profit | 302 | 393 | 445 | 573 | 589 | 672 | 639 | 698 |
| Operating margin | 8.9% | 11.2% | 12.9% | 14.8% | 14.4% | 15.9% | 15.4% | 15.5% |
| Interest | 83 | 79 | 82 | 83 | 78 | 93 | 92 | 94 |
| Profit before tax | -92 | 437 | 240 | 584 | 550 | 678 | 529 | 649 |
| Tax rate | −3.3% | 22.2% | 22.9% | 14.4% | 14.6% | 13.4% | 22.9% | 6.2% |
| Net profit | -117 | 310 | 157 | 469 | 430 | 540 | 371 | 559 |
| EPS ($ per share) | -0.14 | — | 0.18 | 0.55 | 0.50 | — | 0.43 | 0.65 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 857 | 859 | 863 | 907 | 910 | 916 | 921 | 924 |
| Reserves | 16,303 | 16,408 | 16,120 | 16,389 | 16,778 | 16,391 | 15,926 | 16,551 |
| Total liabilities | 13,619 | 15,901 | 17,327 | 17,609 | 17,224 | 16,632 | 16,665 | 18,669 |
| Fixed assets | 14,895 | 15,337 | 15,742 | 15,804 | 15,371 | 14,630 | 13,359 | 14,825 |
| Total assets | 27,505 | 28,898 | 30,775 | 30,154 | 29,499 | 28,500 | 27,735 | 30,976 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,919 | 2,031 | 2,180 | 3,412 | 2,615 | 2,005 | 1,939 | 2,695 |
| Cash from investing | -2,887 | -1,891 | -1,310 | -1,419 | -1,355 | -1,000 | -744 | -1,243 |
| Cash from financing | -1,995 | -47 | -729 | -2,452 | -1,649 | -883 | -1,164 | -1,672 |
| Net cash flow | -1,962 | 79 | 238 | -524 | -477 | 108 | -11 | -202 |
| Capital expenditure | -2,242 | -1,978 | -1,377 | -1,637 | -1,604 | -1,390 | -965 | -1,282 |
| Free cash flow | 677 | 53 | 803 | 1,775 | 1,011 | 615 | 974 | 1,413 |
GLW revenue by segment
Product and Service Other shrank from 3% to 1% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Optical Communications Products | — | — | 39% | — | 40% | — | — | 46% | — |
| Electronics Glass and Advanced Optics Products | — | — | — | — | — | — | 29% | 27% | — |
| Automotive Products | — | — | 12% | 12% | 11% | 10% | 11% | 11% | +3.7% |
| Polycrystalline Silicon and Solar Products | — | — | — | — | — | — | 9% | 10% | — |
| Life Science Products | 7% | 7% | 7% | 6% | 6% | 6% | 6% | 6% | +1.2% |
| Product and Service Other | 3% | 2% | 1% | 3% | 2% | 7% | 1% | 1% | -59.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
GLW operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Change vs prior quarter |
|---|---|---|---|
| Manufacturing facilities US | 34We also manufacture products for our automotive, Life Sciences, mobile consumer electronics and solar businesses in the US Almost all the products we sell in the US originate from our 34 advanced manufacturing facilities in the US In fact, nearly 90% of our US revenue comes from products of US origin.Source: earnings call transcript | 34But we have 34 factories in the US We're engaged with a number of our major customers in a number of our maps to basically make a major commitment to US-based manufacturing and to help us utilize those factories going forward.Source: earnings call transcript | 0% |
| Customers Gen AI fiber and cable system | 3We now have 3 industry-leading customers adopting the technology, and our production tripled every month in the first quarter.Source: earnings call transcript | 3We've now fully commercialized this product set and we have 3 industry-leading customers adopting the technology.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
188 filings between Oct 29, 2025 and Sep 4, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$112.20M
34 sales by 15 insiders
Compensation
not trading decisions- 1
- Award — granted as compensation
- 97
- Option exercise — converted options into shares
- 49
- Tax withheld — shares kept back by the company to cover tax
Also filed: 6 gifts, 1 disposition to issuer.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| WEEKS WENDELL P | — | $40.01M | Jun 9, 2026 |
| Musser Eric S | — | $13.72M | Feb 9, 2026 |
| STEVERSON LEWIS A | — | $11.48M | Aug 28, 2026 |
| Schlesinger Edward A | — | $8.31M | May 7, 2026 |
| Seetharam Soumya | — | $5.63M | May 11, 2026 |
| Amin Jaymin | — | $5.26M | May 22, 2026 |
| Becker Stefan | — | $5.05M | May 8, 2026 |
| Zhang John Z | — | $4.96M | May 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 4, 2026 | Gullo Michelle L Senior Vice President & CHRO | Sale | 9,874 | $1.50M |
| Aug 28, 2026 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Sale | 13,100 | $1.98M |
| Jun 22, 2026 | Gullo Michelle L Senior Vice President & CHRO | Tax withheld | 18,378 | $3.86M |
| Jun 9, 2026 | WEEKS WENDELL P Chairman, CEO and President | Option exercise | 100,000 | $2.70M |
| Jun 9, 2026 | WEEKS WENDELL P Chairman, CEO and President | Sale | 100,000 | $18.65M |
| May 22, 2026 | Amin Jaymin SVP and Chief Tech. Officer | Option exercise | 7,917 | $213.8K |
| May 22, 2026 | Amin Jaymin SVP and Chief Tech. Officer | Sale | 27,395 | $5.26M |
| May 15, 2026 | Nelson Avery H III Executive Vice President & COO | Sale | 20,000 | $3.92M |
| May 14, 2026 | Fang Li SVP, Corning Intl & NBD, Solar | Option exercise | 8,725 | $171.4K |
| May 13, 2026 | Becker Stefan SVP, Finance & Corp Controller | Gift | 126 | $0 |
| May 13, 2026 | Verkleeren Ronald L SVP Emerging Innovations Group | Sale | 10,000 | $2.08M |
| May 11, 2026 | Zhang John Z Exec. Vice President & CCDO | Sale | 10,000 | $1.98M |
| May 11, 2026 | Seetharam Soumya Senior Vice President & CDIO | Sale | 20,000 | $4.12M |
| May 11, 2026 | TILLMAN MICHAUNE D SVP and General Counsel | Sale | 3,260 | $674.9K |
| May 8, 2026 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Sale | 27,750 | $5.44M |
| May 8, 2026 | Gullo Michelle L Senior Vice President & CHRO | Sale | 5,315 | $1.00M |
| May 8, 2026 | Becker Stefan SVP, Finance & Corp Controller | Sale | 21,000 | $3.95M |
| May 7, 2026 | Schlesinger Edward A Exec. Vice President and CFO | Sale | 22,562 | $4.20M |
| May 6, 2026 | Zhang John Z Exec. Vice President & CCDO | Sale | 15,000 | $2.77M |
| May 4, 2026 | TILLMAN MICHAUNE D SVP and General Counsel | Tax withheld | 2,946 | $471.2K |
| Apr 29, 2026 | Becker Stefan SVP, Finance & Corp Controller | Option exercise | 674 | $0 |
| Apr 29, 2026 | Becker Stefan SVP, Finance & Corp Controller | Option exercise | 1,073 | $0 |
| Apr 29, 2026 | Becker Stefan SVP, Finance & Corp Controller | Tax withheld | 2,795 | $424.6K |
| Apr 29, 2026 | Becker Stefan SVP, Finance & Corp Controller | Option exercise | 619 | $0 |
| Apr 29, 2026 | Becker Stefan SVP, Finance & Corp Controller | Option exercise | 429 | $0 |
| Apr 28, 2026 | O'Day Michael Paul SVP and GM, Optical Comm. | Tax withheld | 3,496 | $535.1K |
| Apr 15, 2026 | Zhang John Z Exec. Vice President & CCDO | Tax withheld | 31,433 | $5.29M |
| Apr 15, 2026 | Zhang John Z Exec. Vice President & CCDO | Option exercise | 18,884 | $0 |
| Apr 15, 2026 | Zhang John Z Exec. Vice President & CCDO | Option exercise | 42,687 | $0 |
| Apr 15, 2026 | WEEKS WENDELL P Chairman, CEO and President | Option exercise | 235,610 | $0 |
| Apr 15, 2026 | Kammerud Jordana Daryl SVP | Tax withheld | 9,018 | $1.52M |
| Apr 15, 2026 | Kammerud Jordana Daryl SVP | Option exercise | 5,670 | $0 |
| Apr 15, 2026 | Kammerud Jordana Daryl SVP | Option exercise | 12,845 | $0 |
| Apr 15, 2026 | Verkleeren Ronald L SVP Emerging Innovations Group | Tax withheld | 22,843 | $3.84M |
| Apr 15, 2026 | Verkleeren Ronald L SVP Emerging Innovations Group | Option exercise | 14,332 | $0 |
| Apr 15, 2026 | Gullo Michelle L Senior Vice President & CHRO | Option exercise | 3,793 | $0 |
| Apr 15, 2026 | Gullo Michelle L Senior Vice President & CHRO | Option exercise | 9,356 | $0 |
| Apr 15, 2026 | Becker Stefan SVP, Finance & Corp Controller | Tax withheld | 22,861 | $3.85M |
| Apr 15, 2026 | Becker Stefan SVP, Finance & Corp Controller | Option exercise | 13,734 | $0 |
| Apr 15, 2026 | Becker Stefan SVP, Finance & Corp Controller | Option exercise | 31,046 | $0 |
| Apr 15, 2026 | Amin Jaymin SVP and Chief Tech. Officer | Tax withheld | 24,796 | $4.17M |
| Apr 15, 2026 | Amin Jaymin SVP and Chief Tech. Officer | Option exercise | 35,559 | $0 |
| Apr 15, 2026 | Amin Jaymin SVP and Chief Tech. Officer | Option exercise | 15,355 | $0 |
| Apr 15, 2026 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Tax withheld | 49,786 | $8.38M |
| Apr 15, 2026 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Option exercise | 31,109 | $0 |
| Apr 15, 2026 | Gullo Michelle L Senior Vice President & CHRO | Tax withheld | 6,198 | $1.04M |
| Apr 15, 2026 | STEVERSON LEWIS A Vice Chairman, EVP and CLAO | Option exercise | 71,118 | $0 |
| Apr 15, 2026 | Seetharam Soumya Senior Vice President & CDIO | Tax withheld | 17,622 | $2.97M |
| Apr 15, 2026 | Seetharam Soumya Senior Vice President & CDIO | Option exercise | 13,734 | $0 |
| Apr 15, 2026 | WEEKS WENDELL P Chairman, CEO and President | Tax withheld | 165,622 | $27.87M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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