Earnings Data
Report Date
Jul 28, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.66Last Year’s EPS
0.53Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was decidedly positive: Corning reported strong top-line and EPS growth, margin expansion, robust optical communications momentum with major hyperscaler deals, rapid solar sales growth and meaningful progress on its Springboard plan. These achievements outweigh notable near-term operational challenges — principally a delayed solar wafer ramp and temporary expense hits tied to transitioning utilities and equipment upgrades. Management expects these to be transitory and is upgrading long-term plans, signaling confidence in profitable growth ahead.Company Guidance
Strong Revenue and EPS Growth
Consolidated sales grew 18% year-over-year to $4.35 billion and core EPS grew 30% to $0.70, marking Corning's eighth consecutive quarter of year-over-year sales growth and coming in at the high end of guidance.
Margin Expansion and Improved Returns
Operating margin expanded 220 basis points to 20.2%, gross margin expanded 120 basis points to 39.1%, and ROIC improved 190 basis points to 13.5%, reflecting improved profitability and capital efficiency.
Optical Communications Momentum and Large Customer Deals
Optical Communications sales rose 36% year-over-year to $1.8 billion; segment net income increased 93% to $387 million. Company announced a multiyear up-to-$6 billion agreement with Meta and two additional large long-term agreements with hyperscalers, supporting strong enterprise and carrier demand (both up 36%).
Rapid Solar Sales Growth and Strategic Buildout
Solar sales increased 80% year-over-year to $370 million. Corning converted a prior minority polysilicon position into a materially larger business (described as nearly $1 billion in revenue activity), with polysilicon operations performing above the corporate 20% operating margin target. Corning also brought module manufacturing online and built the largest U.S. solar ingot/wafer facility in 18 months.
Cash Generation and Financial Position
Generated robust free cash flow of $188 million in the quarter; maintain a strong balance sheet with long debt tenor (average debt maturity ~20 years). Company reiterated commitment to returning excess cash via share buybacks and a strong dividend.
Material Progress on Springboard Plan
Since the Q4 2023 Springboard baseline, Corning grew sales 33%, EPS 79%, expanded operating margin by 390 basis points and ROIC by 470 basis points. Management plans an upgraded and extended Springboard through 2030 and will raise sales plans for Solar and Optical at the upcoming investor event.
Glass Innovations and Product Leadership
New Glass Innovations segment produced $1.4 billion in sales (up 1% YoY) and $324 million in net income (22.8% net income margin). Launched Corning Gorilla Glass Ceramic 3 and highlighted ongoing demand resilience for premium Gorilla Glass products.
DE:GLW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:GLW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | €144.01 | €130.57 | -9.33% |
Feb 03, 2026 | €93.06 | €96.28 | +3.46% |
Jan 28, 2026 | €91.02 | €88.61 | -2.65% |
Oct 28, 2025 | €75.77 | €73.95 | -2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Corning Inc (DE:GLW) report earnings?
Corning Inc (DE:GLW) is schdueled to report earning on Jul 28, 2026, TBA (Confirmed).
What is Corning Inc (DE:GLW) earnings time?
Corning Inc (DE:GLW) earnings time is at Jul 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Corning Inc stock?
The P/E ratio of Corning is N/A.
What is DE:GLW EPS forecast?
DE:GLW EPS forecast for the fiscal quarter 2026 (Q2) is 0.66.
