GLW
FY2026 Q1 · Calendar Q2 2026
Corning Inc
Corning's Q1 2026 results extended the company's growth streak with sales rising 18% year over year to $4.35 billion and EPS climbing 30% to $0.70, both modestly above consensus (EPS surprise +1.2%, revenue surprise +1.1%). Operating margin held at 20.2% for the second consecutive quarter. The quarter's defining developments were an 80% year-over-year surge in Solar sales, now reported as a standalone segment for the first time, and the reaffirmation of large multiyear optical communications agreements including the $6 billion Meta deal alongside two additional hyperscaler contracts. Management announced plans to present an upgraded Springboard growth plan through 2030 at a May 6 investor event. The stock declined approximately 8.9% on the report day, subsequently drifting roughly 24.7% higher. A $30 million expense from a solar wafer plant shutdown is expected to weigh on Q2 EPS.…
EPS surprise+1.2%
Market move-8.9%
