CORNING INC /NY 8K

Corning Incorporated reported strong Q2 2026 results, announced major AI-related partnerships with Amazon and NVIDIA, and raised long-term growth targets under its upgraded Springboard Plan, forecasting continued double-digit sales and EPS growth.

On July 28, 2026, Corning Incorporated reported strong second-quarter 2026 financial results and updated its long-term growth outlook under its upgraded Springboard Plan. For Q2 2026, GAAP sales rose 17% year over year to $4.51 billion and GAAP EPS increased 19% to $0.64, while core (non-GAAP) sales grew 17% to $4.74 billion and core EPS grew 30% to $0.78, with notable margin expansion and adjusted free cash flow of $1.42 billion. Segment performance was led by Optical Communications, where sales increased 32% to $2.07 billion (including a 65% increase in Enterprise Networks driven by Gen AI demand), and Solar, where sales grew 90% following a maintenance shutdown and equipment upgrade, with management expecting improved profitability from Q3 onward. Corning also highlighted deepening strategic partnerships, including a multiyear, multibillion-dollar optical connectivity supply agreement with Amazon for U.S. data centers and a long-term partnership with NVIDIA under which Corning will expand U.S. optical connectivity manufacturing capacity by 10x and fiber production by over 50% to support AI factory buildouts. Management reaffirmed an aggressive Springboard Plan to grow annualized sales to $20 billion by the end of 2026, $30 billion by the end of 2028, and $40 billion by the end of 2030, and forecast Q3 2026 core sales of $4.9–$5.0 billion (approximately 16% year-over-year growth) and core EPS of $0.85–$0.89 (approximately 28% year-over-year growth), indicating an expected phase of accelerating growth with earnings growing faster than sales and higher returns on invested capital.

Filing Facts

CIK

24741

Ticker

GLW

Form

8K

Source Type

sec

Accession

0000024741-26-000253

Alert Tier

7