Corning posts Q3 2026 earnings beat, strong optical communications growth and raises Q4 outlook
Corning reported third‑quarter 2026 core sales of $5.08 billion, up 19% year‑over‑year, and core earnings per share of $0.91, up 36% YoY, beating consensus estimates. Optical Communications revenue surged 44% to $2.38 billion, driven by AI data‑center demand, while the Glass segment declined. The company guided Q4 core sales of $5.2‑$5.3 billion and core EPS of $0.96‑$1.00, above analyst expectations, but warned of a $2 billion capital‑expenditure program that pressured the share price.
Why it matters
The earnings beat and raised guidance suggest stronger near‑term earnings momentum, but the pre‑market share decline reflects investor concern over the $2 billion capex plan. The higher outlook may lift future earnings forecasts for GLW.
Key facts
- 1Core sales were $5.08 billion, a 19% YoY increase. zacks.com
- 2Core EPS was $0.91, a 36% YoY increase. zacks.com
- 3Optical Communications revenue was $2.38 billion, up 44% YoY. zacks.com
- 4Capital expenditures in the quarter totaled $545 million, with full‑year capex targeted at approximately $2 billion. zacks.com
- 5Q4 2026 core sales are projected at $5.2‑$5.3 billion, about 19% YoY growth. zacks.com
- 6Q4 2026 core EPS is projected at $0.96‑$1.00, roughly 36% YoY growth. zacks.com
Summary written by AlphAI AI Desk from 20 of 26 sources. Not investment advice. Figures are as stated by the linked sources.