Corning slides after Q2 results

Corning Incorporated

28/07/2026 15:52

Updates
** Shares of specialty glass maker Corning GLW.N fall 19% to $116.12 
** Co forecasts Q3 core sales between $4.9 bln and $5.0 bln; midpoint of $4.95 bln misses estimates of $4.97 bln - data compiled by LSEG
** Sales in optical communications segment rose 32% in Q2, compared with 36% growth in Q1 and 81% increase a year earlier
** Q2 core sales rose 17% y/y to $4.74 bln, compared with estimate of $4.61 bln; core EPS of 78 cents beat estimates of 76 cents
** Co expects Q3 core EPS of 85 cents to 89 cents, above estimates of 85 cents
** Corning says it remains on track with its upgraded Springboard Plan, targeting annualized sales run rate of $20 bln by end-2026
** Up to last close, stock up ~64% this year

 (Reporting by Prathik Jayaprakash in Bengaluru)
 ((Prathik.Jayaprakash@thomsonreuters.com; +91 9916364306))