Corning Incorporated: Beat — EPS $0.91, Revenue $5.08B
Earnings BeatQ3 2026 · Pre-market
Did Corning Incorporated (GLW) beat earnings today?
Yes, Corning Incorporated (GLW) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.41% surprise
$0.91Actual
Expected: $0.88
vs. year ago +36.0%
Total Revenue+1.01% surprise
$5.08BActual
Expected: $5.03B
vs. year ago +19.0%
Released Oct 27 · 7:01 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $4.86B | $4.10B | +18.0 |
| Revenue detail — reported lines | |||
| └─Optical Communications | $2.38B | $1.65B | +44.0 |
| └─Glass Innovations | $1.51B | $1.56B | -3.0 |
| └─Automotive | $470.00M | $454.00M | +4.0 |
| └─Solar | $436.00M | $319.00M | +37.0 |
| └─Life Sciences and Emerging Growth Businesses | $290.00M | $287.00M | +1.0 |
| Net Income | $680.00M | $430.00M | +58.0 |
| Diluted EPS | $0.78 | $0.50 | +56.0 |
| Core EPS | $0.91 | $0.67 | +36.0 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Full Year Outlook |
|---|---|---|
| Core Sales | $5.2B-$5.3B (+19% YoY) | — |
| Core EPS | $0.96-$1.00 (+36% YoY) | — |
Business Highlights
- ➤Secured four long-term, multibillion-dollar customer agreements in the third quarter.
- ➤New customer agreements included Verizon and AT&T.
- ➤Optical Communications benefited from faster adoption of Corning innovations.
- ➤Gen AI product sales grew more than 100% year over year.
- ➤Glass Innovations advanced its “More Corning” content strategy within customer ecosystems.
- ➤Solar production continued to ramp, though more slowly than anticipated.
- ➤Section 232 trade action improved the pricing environment and demand for U.S.-made solar products.
- ➤Capacity additions are backed by long-term customer agreements that share expansion cost and risk.
Management Commentary
Wendell P. Weeks, chairman, chief executive officer, and president
“We delivered an outstanding third quarter. Year over year, core sales grew 19% to $5.08 billion, and core EPS grew 36% to $0.91. We expanded core gross margin 150 basis points to 40.5%, core operating margin 310 basis points to 22.7%, and core ROIC 330 basis points to 16.7% – with strong adjusted free cash flow of $661 million, while investing more than half a billion in capital expenditures to address demand for our innovations. Our strong results provide excellent proof points of the acceleration of growth outlined in our ‘20-30-40’ Springboard Plan.””
Wendell P. Weeks, chairman, chief executive officer, and president
“We continue to successfully expand our content within customers’ ecosystems and outperform our underlying markets. For example, in Optical Communications, faster adoption of our innovations helped us double our Gen AI sales year over year in the quarter, outpacing GPU unit growth.””
Ed Schlesinger, executive vice president and chief financial officer
“When we upgraded Springboard in May, we laid out a path to double our annualized sales run rate from $20 billion to $40 billion by the end of 2030. We also expect to grow earnings faster than sales, with significantly higher ROIC and substantially more free cash flow. To support that growth, we have steadily added capacity, backed by long-term customer agreements that share the cost and risk of expansions. As a result, we have been able to grow adjusted free cash flow to $2.27 billion through the first nine months of 2026 while investing to meet demand.””
Ed Schlesinger, executive vice president and chief financial officer
“Looking ahead, we expect our outstanding performance to continue. In the fourth quarter, we expect to grow core sales approximately 19% year over year to a range of $5.2 billion to $5.3 billion and grow core EPS approximately 36% year over year to a range of $0.96 to $1.00.””