Corning (NYSE:GLW) Announces Quarterly Earnings Results

Posted by Brian Himes on Jul 28th, 2026

Corning (NYSE:GLW – Get Free Report) released its quarterly earnings data on Tuesday. The electronics maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.76 by $0.02, FiscalAI reports. The business had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.63 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Corning updated its Q3 2026 guidance to 0.850-0.890 EPS.

Corning Stock Performance

NYSE GLW opened at $116.71 on Tuesday. The stock has a market capitalization of $100.45 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 1.93 and a beta of 1.09. The stock has a 50-day moving average of $187.29 and a 200 day moving average of $155.99. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62. Corning has a twelve month low of $57.93 and a twelve month high of $271.78.

Corning Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a yield of 1.0%. Corning’s dividend payout ratio is presently 53.59%.

Insider Activity

In other Corning news, CEO Wendell P. Weeks sold 100,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $186.46, for a total transaction of $18,646,000.00. Following the completion of the transaction, the chief executive officer directly owned 908,353 shares in the company, valued at approximately $169,371,500.38. This represents a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Michaune D. Tillman sold 3,260 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $207.02, for a total transaction of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 160,655 shares of company stock worth $30,692,560. Insiders own 0.25% of the company’s stock.

Institutional Trading of Corning

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mcguire Capital Advisors Inc. purchased a new stake in Corning during the 4th quarter worth approximately $71,000. Compound Planning Inc. boosted its stake in Corning by 3.5% during the 4th quarter. Compound Planning Inc. now owns 9,626 shares of the electronics maker’s stock worth $843,000 after purchasing an additional 328 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Corning by 586.1% during the fourth quarter. Corient Private Wealth LLC now owns 1,656,906 shares of the electronics maker’s stock worth $145,079,000 after buying an additional 1,415,420 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of Corning in the fourth quarter valued at about $62,000. Finally, Widmann Financial Services Inc. raised its position in shares of Corning by 3.9% in the fourth quarter. Widmann Financial Services Inc. now owns 10,542 shares of the electronics maker’s stock valued at $923,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.

Key Corning News

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning exceeded second-quarter expectations, reporting adjusted earnings of $0.78 per share versus the $0.76 consensus and revenue of $4.74 billion versus estimates of $4.63 billion. Earnings increased from $0.60 a year earlier, while revenue rose 17% year over year. Corning Surpasses Q2 Earnings and Revenue Estimates
Positive Sentiment: Growth was led by Optical Communications, where sales climbed 32% to $2.07 billion. Enterprise Networks sales increased 65%, supported by strong demand for artificial-intelligence-related optical products. Solar sales also rose 90%, indicating broad improvement across several businesses. Corning’s Strong Second-Quarter 2026 Financial Results
Neutral Sentiment: Corning guided to third-quarter earnings of $0.85-$0.89 per share, compared with the $0.85 consensus estimate. The company expects revenue of $4.9-$5.0 billion, broadly near the $5.0 billion analyst forecast, suggesting continued growth but limited upside to current expectations. Corning Q2 Earnings and Q3 Guidance
Negative Sentiment: The stock weakened because investors viewed the revenue outlook as insufficient after Corning’s recent AI-driven rally. Coverage emphasized that in-line guidance did not provide the upside needed to support the company’s elevated valuation, prompting profit-taking despite the quarterly earnings beat. Corning Skids as Mixed Outlook Overshadows Strong Q2 Results

Analysts Set New Price Targets

Several brokerages recently issued reports on GLW. Truist Financial raised their target price on shares of Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a report on Monday, June 22nd. Barclays upped their price target on shares of Corning from $149.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Weiss Ratings downgraded Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Corning has an average rating of “Moderate Buy” and a consensus target price of $194.69.

View Our Latest Stock Report on GLW

About Corning

(Get Free Report)

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.