CORNING INC /NY (GLW) Form 8-K — Oct 27, 2026
Corning delivered Q3 2026 results that exceeded guidance, with core sales up 19% year over year to $5.08 billion — the strongest growth since its Springboard plan launched — and core EPS up 36% to $0.91. GAAP EPS was $0.78, up 56% year over year, on GAAP net income of $680 million. Optical Communications drove the quarter with sales up 44% to $2.38 billion, including 84% growth in Enterprise Networks and more than 100% growth in Gen AI product sales. The company also secured four long-term, multibillion-dollar customer agreements, including with Verizon and AT&T.
Key figures
- Eps
- 0.78
- Revenue
- 5081
- Guidance
- Q4 2026 core sales $5.2-$5.3B (+~19% YoY); core EPS $0.96-$1.00 (+~36% YoY)
- Net Income
- 680
- Total Debt
- 8200
- Revenue Yoy
- 19% (core); 18% GAAP ($4,855M)
- Total Assets
- 34126
- Cash Position
- 2537
- Core eps
- 0.91
- Core roic
- 16.7% (+330bps)
- Solar sales
- $436M, +37% YoY
- Core eps yoy
- 36%
- Gaap eps yoy
- 56%
- Core gross margin
- 40.5% (+150bps)
- Gaap net income yoy
- 58%
- Gen ai sales growth
- more than 100% YoY
- Core operating margin
- 22.7% (+310bps)
- Adjusted free cash flow q3
- 661
- Enterprise networks growth
- 84%
- Gaap operating cash flow q3
- 1061
- Optical communications sales
- $2,379M, +44% YoY
- Adjusted free cash flow nine months
- 2272
AI analysis
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