Analyst Consensus ?
ConsensusHold37 ratings
Bullish2156.8%
Neutral1437.8%
Bearish25.4%
Corning Inc · GLW · FY2025 Q2 · Calendar Q3 2025
Corning's AI-fiber momentum supports growth, with tariff and ramp risks
The available call analysis supports a constructive growth case centered on GenAI-driven fiber demand, carrier DCI deployments, and solar capacity expansion. The case is conditional: management must convert demand and customer commitments into shipments while absorbing ramp costs and navigating tariff and macro uncertainty.
Reported Before market openNYSETechnology
$140.59B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.60
Consensus $0.57
EPS surprise
+5.1%
Reported versus consensus
Reported revenue
$3.86B
Consensus $3.86B
Revenue surprise
+0.2%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+11.9%
Event window
SPY move
-0.3%
Same window
Abnormal move
+12.1%
Stock minus SPY
Volume
4.2×
Versus trailing sessions
Subsequent drift
+8.7%
Up to 20 sessions
GLWSPY benchmark
Ask FN2 about GLW FY2025 Q2
Transcript, numbers and history already loaded
Why did GLW rise 11.9% after beating EPS estimates in FY2025 Q2?What changed in GLW's guidance and outlook in FY2025 Q2?Give me the bull and bear case for GLW after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
No prior-quarter transcript analysis was supplied, so a quarter-over-quarter change assessment is not available. In the available Q2 analysis, management highlighted record sales and EPS, stronger optical demand tied to AI infrastructure, solar capacity commitments, maintained Q3 guidance, and temporary tariff pull-forward and ramp-cost effects.
Guidance delta
Management maintained guidance and expected Q3 sales growth in the double digits, with EPS of $0.63-$0.67; tariff pull-forward effects were included and expected to normalize in the second half.
Key takeaways
- Management described strong demand for GenAI data-center fiber and carrier DCI products.
- The call analysis indicated Q2 sales and EPS exceeded expectations while operating margin expanded toward the 20% Springboard target.
- Management said the solar business is supported by U.S.-based polysilicon and wafer assets and customer commitments.
- The growth outlook is balanced by temporary ramp costs, tariff normalization, and uncertainty around macro demand.
Management priorities
- Commercialize new wafer products in Q3 and increase shipments in Q4.
- Scale high-density fiber and DCI offerings.
- Advance the U.S. advanced manufacturing footprint through customer negotiations.
- Invest about $1.3 billion in 2025 capital expenditures while continuing the share repurchase and dividend programs.
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Analyst 52W Price Targets
$163.25Previous close
$45Low
$138.09Average
$230High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 8, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 5, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 2, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Sep 15, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 29, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 29, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 29, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 29, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 29, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 6, 2026 |
| Susquehanna | Positive | Positive | Maintain | Apr 29, 2026 |
| Argus Research | Buy | Buy | Maintain | Oct 29, 2025 |
| HSBC | Buy | Hold | Upgrade | Jan 30, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Oct 30, 2024 |
| Fox Advisors | Overweight | Equal Weight | Upgrade | Jun 17, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 26, 2023 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jan 27, 2022 |
| Cross Research | Neutral | Buy | Downgrade | Sep 17, 2019 |
| Bank of America | Buy | Neutral | Upgrade | May 1, 2019 |
| Bernstein | Market Perform | Outperform | Downgrade | Feb 1, 2017 |
| Guggenheim | Buy | Buy | Maintain | Jan 4, 2017 |
| Wells Fargo | Perform | Market Perform | Maintain | Dec 21, 2016 |
| Standpoint Research | Hold | Buy | Downgrade | Jun 13, 2016 |
| Drexel Hamilton | Sell | Buy | Downgrade | Jun 10, 2016 |
| Sterne Agee CRT | Neutral | Neutral | Maintain | Sep 28, 2015 |
| Benchmark | Hold | Hold | Maintain | Jul 29, 2015 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Jun 16, 2015 |
| CLSA | Sell | Underperform | Maintain | Apr 29, 2015 |
| Jefferies | Hold | Hold | Maintain | Feb 2, 2015 |
| Standpoint | Buy | Hold | Upgrade | Oct 15, 2014 |
| Stifel Nicolaus | Buy | Buy | Maintain | Oct 23, 2013 |
| Stifel | Buy | Buy | Maintain | Oct 23, 2013 |
| Sterne Agee | Neutral | Buy | Downgrade | Oct 23, 2013 |
| PiperJaffray | Neutral | Overweight | Downgrade | Oct 11, 2013 |
| Piper Sandler | Neutral | Overweight | Downgrade | Oct 11, 2013 |
| Gilford Securities | Buy | Buy | Maintain | Sep 23, 2013 |
| Cantor Fitzgerald | Hold | Hold | Maintain | Sep 19, 2013 |
| Topeka | Buy | Buy | Maintain | Nov 27, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $163.25. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $201 | $164.16 | +23.1% | Oct 5, 2026 |
| Bernstein | Daniel Zhu | $140 | $158.75 | -14.2% | Sep 30, 2026 |
| Mizuho Securities | John Roberts | $180 | $143.5 | +10.3% | Sep 15, 2026 |
| Truist Financial | Analyst unavailable | $175 | $138.25 | +7.2% | Aug 2, 2026 |
| Morgan Stanley | Analyst unavailable | $165 | $125.88 | +1.1% | Jul 29, 2026 |
| Mizuho Securities | Analyst unavailable | $210 | $125.88 | +28.6% | Jul 29, 2026 |
| UBS | Joshua Spector | $196 | $125.88 | +20.1% | Jul 29, 2026 |
| Oppenheimer | Analyst unavailable | $200 | $125.88 | +22.5% | Jul 29, 2026 |
| Barclays | Tim Long | $129 | $125.88 | -21.0% | Jul 29, 2026 |
| Oppenheimer | Martin Yang | $230 | $194.77 | +40.9% | Jul 7, 2026 |
| UBS | Analyst unavailable | $243 | $196.7 | +48.9% | Jul 6, 2026 |
| Mizuho Securities | John Roberts | $270 | $255.54 | +65.4% | Jul 1, 2026 |
| Truist Financial | Matthew Niknam | $205 | $195 | +25.6% | Jun 22, 2026 |
| UBS | Joshua Spector | $228 | $197.93 | +39.7% | Jun 5, 2026 |
| Mizuho Securities | Analyst unavailable | $220 | $207.3 | +34.8% | May 12, 2026 |
| Morgan Stanley | Meta Marshall | $180 | $192.7 | +10.3% | May 8, 2026 |
| Barclays | Tim Long | $180 | $182.42 | +10.3% | May 8, 2026 |
| UBS | Analyst unavailable | $223 | $181.57 | +36.6% | May 7, 2026 |
| Truist Financial | Analyst unavailable | $149 | $149.3 | -8.7% | Apr 29, 2026 |
| Susquehanna | Analyst unavailable | $180 | $153.05 | +10.3% | Apr 29, 2026 |
| Barclays | Tim Long | $149 | $153.05 | -8.7% | Apr 29, 2026 |
| Morgan Stanley | Meta Marshall | $140 | $164.37 | -14.2% | Apr 20, 2026 |
| Mizuho Securities | Analyst unavailable | $160 | $165.1 | -2.0% | Apr 8, 2026 |
| Morgan Stanley | Analyst unavailable | $127 | $139.51 | -22.2% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $145 | $139.51 | -11.2% | Feb 23, 2026 |
| HSBC | Stephen Bersey | $135 | $131.5 | -17.3% | Feb 13, 2026 |
| UBS | Joshua Spector | $125 | $105.58 | -23.4% | Jan 30, 2026 |
| Morgan Stanley | Analyst unavailable | $103 | $100.86 | -36.9% | Jan 29, 2026 |
| Oppenheimer | Analyst unavailable | $120 | $102.76 | -26.5% | Jan 29, 2026 |
| Susquehanna | Analyst unavailable | $125 | $104.29 | -23.4% | Jan 29, 2026 |
| Mizuho Securities | Analyst unavailable | $120 | $104.29 | -26.5% | Jan 29, 2026 |
| Barclays | Analyst unavailable | $100 | $104.29 | -38.7% | Jan 29, 2026 |
| Wolfe Research | George Notter | $130 | $110.98 | -20.4% | Jan 27, 2026 |
| Morgan Stanley | Meta Marshall | $98 | $86.29 | -40.0% | Dec 17, 2025 |
| UBS | Analyst unavailable | $109 | $78.03 | -33.2% | Nov 21, 2025 |
| Argus Research | Analyst unavailable | $110 | $91.56 | -32.6% | Oct 29, 2025 |
| UBS | Analyst unavailable | $100 | $87.5 | -38.7% | Oct 29, 2025 |
| Morgan Stanley | Analyst unavailable | $82 | $87.5 | -49.8% | Oct 29, 2025 |
| Mizuho Securities | Analyst unavailable | $97 | $86.43 | -40.6% | Oct 29, 2025 |
| Oppenheimer | Analyst unavailable | $100 | $87.5 | -38.7% | Oct 29, 2025 |
| Susquehanna | Analyst unavailable | $100 | $90.01 | -38.7% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $83 | $86.43 | -49.2% | Oct 29, 2025 |
| Morgan Stanley | Analyst unavailable | $75 | $87.19 | -54.1% | Oct 10, 2025 |
| Mizuho Securities | Analyst unavailable | $90 | $82.52 | -44.9% | Oct 3, 2025 |
| UBS | Joshua Spector | $91 | $79.16 | -44.3% | Sep 23, 2025 |
| UBS | Analyst unavailable | $84 | $68.47 | -48.5% | Sep 2, 2025 |
| Mizuho Securities | John Roberts | $74 | $65.77 | -54.7% | Aug 8, 2025 |
| Morgan Stanley | Analyst unavailable | $56 | $62.61 | -65.7% | Jul 30, 2025 |
| Oppenheimer | Analyst unavailable | $72 | $62.61 | -55.9% | Jul 30, 2025 |
| Susquehanna | Analyst unavailable | $75 | $62.61 | -54.1% | Jul 30, 2025 |
| Mizuho Securities | John Roberts | $59 | $53.04 | -63.9% | Jul 15, 2025 |
| Mizuho Securities | John Roberts | $52 | $42 | -68.1% | Apr 15, 2025 |
| HSBC | Stephen Bersey | $60 | $49.8 | -63.2% | Jan 30, 2025 |
| Oppenheimer | Martin Yang | $58 | $48.84 | -64.5% | Oct 30, 2024 |
| Deutsche Bank | Matt Niknam | $54 | $49.03 | -66.9% | Oct 30, 2024 |
| Barclays | Tim Long | $53 | $49.03 | -67.5% | Oct 29, 2024 |
| Bank of America Securities | Wamsi Mohan | $56 | $49.03 | -65.7% | Oct 29, 2024 |
| Deutsche Bank | Matt Niknam | $49 | $45.66 | -70.0% | Oct 9, 2024 |
| Mizuho Securities | John Roberts | $51 | $44.65 | -68.8% | Sep 24, 2024 |
| Bank of America Securities | Wamsi Mohan | $51 | $44.3 | -68.8% | Sep 20, 2024 |
| Susquehanna | Mehdi Hosseini | $55 | $44.33 | -66.3% | Sep 20, 2024 |
| Oppenheimer | Martin Yang | $51 | $44.43 | -68.8% | Sep 20, 2024 |
| Citigroup | Asiya Merchant | $50 | $41.37 | -69.4% | Sep 6, 2024 |
| Mizuho Securities | John Roberts | $47 | $40.73 | -71.2% | Aug 21, 2024 |
| Bank of America Securities | Wamsi Mohan | $46 | $39.74 | -71.8% | Jul 31, 2024 |
| Deutsche Bank | Matt Niknam | $46 | $39.74 | -71.8% | Jul 31, 2024 |
| Morgan Stanley | Meta Marshall | $39 | $42.9 | -76.1% | Jul 26, 2024 |
| Argus Research | Jim Kelleher | $50 | $43.05 | -69.4% | Jul 9, 2024 |
| Mizuho Securities | John Roberts | $42 | $38.75 | -74.3% | Jun 18, 2024 |
| US Capital Advisors | Steve Fox | $45 | $37.25 | -72.4% | Jun 17, 2024 |
| Morgan Stanley | Meta Marshall | $38 | $38.02 | -76.7% | Jun 13, 2024 |
| UBS | Joshua Spector | $38 | $35.55 | -76.7% | May 30, 2024 |
| Mizuho Securities | John Roberts | $36 | $33.44 | -77.9% | May 7, 2024 |
| Susquehanna | Analyst unavailable | $40 | $35.68 | -75.5% | Feb 2, 2023 |
| Susquehanna | Mehdi Hosseini | $50 | $42.12 | -69.4% | Jan 30, 2022 |
| Barclays | Tim Long | $52 | $40.56 | -68.1% | Jan 27, 2022 |
| Oppenheimer | Martin Yang | $48 | $34.93 | -70.6% | Oct 27, 2021 |
Track every rating change on GLW the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationCorning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.…
Historical context
All GLW earningsTechnology peers this season
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| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-08T10:30:47.004558+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-08T10:30:47.001704+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-08. For educational purposes only; not investment advice.