Earnings Releases·Oct 27, 2026, 7:01 AM ET

Corning Incorporated — Third Quarter 2026 Earnings Summary

Core sales grew 19% year over year to $5.08 billion and core EPS increased 36% to $0.91, with GAAP sales and EPS rising 18% and 56% respectively; core gross and operating margins expanded 150 and 310 basis points year over year to 40.5% and 22.7%.
Management raised Q4 2026 guidance to core sales of $5.2–$5.3 billion (approx. 19% growth) and core EPS of $0.96–$1.00 (approx. 36% growth), citing acceleration of the "20-30-40" Springboard Plan to double the annualized sales run rate to $40 billion by 2030.
Optical Communications sales surged 44% year over year to $2.38 billion driven by Gen AI products growing over 100%, while securing four long-term, multibillion-dollar agreements with customers including Verizon and AT&T; conversely, Glass Innovations sales declined 3% year over year.
Adjusted free cash flow for the quarter was $661 million and $2.27 billion for the first nine months of 2026, while total long-term debt decreased to $7.267 billion from $7.630 billion at the end of 2025.
Solar sales grew 37% to $436 million, though production is ramping slower than anticipated due to construction and operational challenges, with profitability expected to improve as productivity increases.