Corning Delivers Outstanding Third-Quarter Results(1)
Corning reported Q3 2026 results that exceeded guidance, with core sales up 19% year over year to $5.08 billion — the strongest growth since the launch of Springboard — and core EPS up 36% to $0.91. GAAP sales rose 18% to $4.86 billion with GAAP EPS up 56% to $0.78. Optical Communications drove the quarter with sales up 44% to $2.38 billion, with Enterprise Networks up 84% and Gen AI product sales more than doubling year over year. The company also secured four long-term, multibillion-dollar customer agreements in the quarter, including with Verizon and AT&T.
Key figures
- Eps
- 0.78
- Revenue
- 4855000000
- Guidance
- Q4 2026 core sales $5.2B-$5.3B (+~19% YoY); core EPS $0.96-$1.00 (+~36% YoY)
- Revenue Yoy
- 18% (GAAP); 19% core
- Core eps
- 0.91
- Core roic
- 16.7%
- Core sales
- 5081000000
- Adjusted fcf
- 661000000
- Core eps yoy
- 36%
- Gaap eps yoy
- 56%
- Core net income
- 795000000
- Gaap net income
- 680000000
- Solar sales yoy
- 37%
- Gen ai sales yoy
- more than 100%
- Core gross margin
- 40.5%
- Core operating margin
- 22.7%
- Adjusted fcf nine months
- 2270000000
- Gaap operating cash flow
- 1060000000
- Optical communications yoy
- 44%
- Optical communications sales
- 2379000000
AI analysis
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