Corning (NYSE:GLW) Updates Q3 2026 Earnings Guidance

Corning (NYSE:GLW) updated its third quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.850-0.890 for the period, compared to the consensus EPS estimate of 0.850. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $5.0 billion.

Corning Stock Up 0.7%

Shares of NYSE:GLW traded up $0.85 during mid-day trading on Wednesday, reaching $126.86. 5,344,040 shares of the stock were exchanged, compared to its average volume of 12,918,233. Corning has a one year low of $61.44 and a one year high of $271.78. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $186.29 and its 200-day simple moving average is $156.25. The company has a market cap of $109.18 billion, a P/E ratio of 60.98, a P/E/G ratio of 1.88 and a beta of 1.09.

Corning (NYSE:GLW) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, equities research analysts predict that Corning will post 3.18 EPS for the current year.

Corning Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s payout ratio is 53.59%.

Analyst Ratings Changes

Several analysts have recently issued reports on GLW shares. Wall Street Zen upgraded shares of Corning from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Weiss Ratings cut shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Oppenheimer set a $200.00 price target on shares of Corning in a research report on Wednesday. Barclays lowered their price objective on shares of Corning from $180.00 to $129.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $176.38.

Insider Activity at Corning

In related news, CEO Wendell P. Weeks sold 100,000 shares of Corning stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $186.46, for a total value of $18,646,000.00. Following the completion of the sale, the chief executive officer directly owned 908,353 shares in the company, valued at $169,371,500.38. The trade was a 9.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Michaune D. Tillman sold 3,260 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $207.02, for a total value of $674,885.20. Following the transaction, the senior vice president directly owned 10,174 shares in the company, valued at approximately $2,106,221.48. The trade was a 24.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,655 shares of company stock worth $30,692,560 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Corning News Summary

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning exceeded second-quarter expectations, reporting revenue of $4.74 billion versus the $4.63 billion consensus and EPS of $0.78 versus $0.76. Revenue increased 17% year over year, while EPS rose from $0.60 a year earlier. Corning Q2 results
• Positive Sentiment: Optical Communications sales grew 32% to $2.07 billion, including 65% growth in Enterprise Networks, as demand for fiber, cables and connectivity products used in AI data centers remained strong. Solar sales also increased 90%. Corning Q2 earnings highlights
• Neutral Sentiment: JPMorgan lowered its price target from $200 to $170 and moved to a Neutral rating. The revised target still implies substantial potential upside, but the downgrade reflects a more cautious near-term view after the earnings reaction. JPMorgan price-target update
• Negative Sentiment: Third-quarter revenue guidance of $4.9 billion to $5.0 billion was below the $5.0 billion analyst consensus, and management’s EPS range of $0.85 to $0.89 was viewed as largely in line. Investors treated the outlook as insufficient to justify Corning’s premium valuation, despite the quarterly beat. Corning outlook and stock reaction
• Negative Sentiment: The results triggered a broader selloff in optical and AI-infrastructure stocks, suggesting investors are rotating away from crowded AI trades and demanding stronger guidance. Corning’s high earnings multiple amplified the reaction. Corning optical-stock selloff

Institutional Trading of Corning

Large investors have recently modified their holdings of the stock. Schnieders Capital Management LLC. acquired a new stake in shares of Corning during the second quarter worth about $266,000. Brighton Jones LLC increased its holdings in Corning by 46.0% during the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,114 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its stake in shares of Corning by 18.2% during the third quarter. Pinnacle Financial Partners Inc. now owns 95,504 shares of the electronics maker’s stock valued at $7,834,000 after acquiring an additional 14,719 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Corning in the 2nd quarter worth approximately $401,000. Finally, Wexford Capital LP acquired a new stake in shares of Corning in the third quarter worth approximately $104,000. Hedge funds and other institutional investors own 69.80% of the company’s stock.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.