Corning slides on weak Q2 revenue forecast

Corning Incorporated

28/04/2026 13:42

** Shares of specialty glass maker Corning GLW.N down ~12% at $148.01 premarket

** GLW, a key supplier to Apple AAPL.O, forecasts Q2 core sales of about $4.6 bln, vs analysts' estimate of $4.63 bln - data compiled by LSEG

** Posts Q1 core sales of $4.35 bln vs estimate of $4.26 bln, while adj. EPS at 70 cents is above the estimate of 69 cents

** Corning says it has signed long-term agreements with two hyperscalers

** GLW stock up 91.8% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))