Corning (NYSE: GLW) Exceeds Q3 Sales Expectations Driven by AI Demand
Key points
- Corning (NYSE: GLW) reported strong third-quarter 2026 core sales of $5.08 billion, surpassing guidance due to growth in Optical Communications and AI data center demand.
- The company anticipates approximately 19% year-over-year sales growth in Q4, fueled by its "Springboard" expansion plan and continued AI infrastructure demand, which is expected to boost adjusted earnings.
- Despite a weak solar business segment, overall results exceeded analysts' expectations, though the stock saw a slight 1% dip on October 27, 2026.
Corning (NYSE: GLW) makes glass, fiber-optic cable, and other materials used in products ranging from phone screens to data networks. Citigroup maintains its Buy rating on Corning but lowers its price target to $200 from $220. The stock trades at $126.36 when the update is posted.
Corning reports third-quarter 2026 core sales of $5.08 billion, as highlighted by The Motley Fool. Results exceed the company’s guidance, helped by growth in Optical Communications and demand from artificial intelligence data centers. Demand for fiber-optic materials also drives higher net income, as highlighted by The Wall Street Journal.
Corning expects roughly 19% year-over-year sales growth in the fourth quarter as it advances its long-term “Springboard” expansion plan. It also expects demand for AI infrastructure to lift adjusted earnings. Adjusted earnings exclude certain costs to show how the company’s main operations perform.
The solar business remains a weak spot. Its revenue falls to $436 million from $438 million in the second quarter, while its net loss stays at $7 million. It earned $30 million in the year-earlier quarter. Despite results that exceed analysts’ expectations, Corning is down about 1% at 1:08 p.m. ET on October 27, 2026.
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