CORNING INC /NY (GLW) Form 10-Q — Jul 29, 2026
Corning reported strong financial results for the six months ended June 30, 2026, with net sales increasing 18% year-over-year to $8.6 billion and net income attributable to Corning rising 49% to $930 million. The growth was primarily driven by a 34% increase in Optical Communications sales and an 85% surge in Solar segment sales, fueled by robust demand for generative AI infrastructure and solar industry products respectively. The company generated $2.1 billion in operating cash flow and ended the period with $2.5 billion in cash and equivalents.
Key figures
- Eps
- 1.06
- Revenue
- 8649
- Guidance
- expect 2026 full year capital expenditures to increase to approximately $2.0 billion
- Net Income
- 930
- Total Debt
- 8424
- Revenue Yoy
- 18%
- Cash Position
- 2504
- Shares Outstanding
- 861,388,331
- Solar Sales YTD
- 808
- Warrant Proceeds
- 500
- Customer Deposit Q2
- 1000
- Optical Communications Sales YTD
- 3918
Price after filing
Close on the filing date to close N calendar days later (from $143.36). Historical, not a forecast.
AI analysis
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