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Corning (GLW)
NYSE:GLW
Earnings Data
Report Date
May 05, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.54Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive: Corning reported strong Q4 and full‑year results with double‑digit sales growth, outsized EPS and margin expansion, substantial free cash flow improvement, and an upgraded multi‑year SpringBoard growth plan supported by major customer agreements (Meta, Apple). Optical Communications is a clear growth engine and management provided confident near‑term guidance. Key near‑term negatives include the solar ramp‑related EPS drag, some segment seasonality (display), automotive softness, and remaining timing/coverage uncertainty around additional customer agreements and longer‑term scale‑up adoption. Overall, the positives — new large customer commitments, upgraded growth targets, improved margins, and cash generation — materially outweigh the near‑term operational and timing challenges.Company Guidance
Strong Quarterly and Annual Financial Performance
Q4 sales grew 14% year‑over‑year to $4.41B and Q4 core EPS rose 26% to $0.72. Full‑year 2025 sales were a record $16.4B (up 13% YoY) and EPS was $2.52 (up 29% YoY). Operating margin expanded to 20.2% in Q4 and full‑year operating margin was 19.3% (expanding ~180 bps YoY). ROIC improved to 14.2%.
Material Free Cash Flow Improvement
Full‑year free cash flow nearly doubled to ~$1.72B in 2025 from $818M in 2023, supporting reinvestment and shareholder returns.
SpringBoard Plan Outperformance and Upgrade
Two years into the SpringBoard plan Corning expanded operating margin ~390 bps since launch, grew EPS ~85% from the launch point and upgraded the plan: internal target now adds $11B incremental annualized sales by 2028 (up from $8B), internal adds $6.5B by 2026 (up from $6B) and high‑confidence adds $5.75B by 2026 (up from $4B).
Major Customer Agreements (Meta & Apple) Strengthen Visibility
Announced a multiyear agreement with Meta (up to $6B) to supply GenAI high‑density optical fiber, cable and connectivity solutions with US production; referenced Apple’s $2.5B commitment for domestic cover glass production — both increase revenue visibility and underpin capacity expansion plans.
Optical Communications Led Growth
Optical Communications Q4 sales $1.7B (up 24% YoY) and FY sales $6.3B (up 35% YoY). FY net income for Optical rose ~71% YoY to ~$1.0B. Enterprise/data center sales grew ~61% YoY and hyperscale grew faster, driven by adoption of new GenAI products.
Segment Outperformance — Specialty Materials and Hemlock Growth
Specialty Materials Q4 sales $544M (up 6% YoY) and Q4 net income up 22% to $99M; full‑year sales $2.2B (up 10% YoY) and net income up 41% to $367M. Hemlock & Emerging Growth Q4 sales rose 62% YoY to $526M driven by polysilicon and solar modules.
Capital Allocation Discipline and Shareholder Returns
2026 CapEx planned at ~$1.7B (a few hundred million above depreciation) to fund growth while expecting materially higher free cash flow. Corning emphasized returning excess cash mainly via buybacks (historical repurchases ~800M shares, resumed buybacks since 2024).
Near‑term Guidance and Momentum
Q1 2026 guidance calls for ~15% YoY sales growth to $4.2–$4.3B and EPS growth of ~26% to $0.66–$0.70, with management expecting accelerating growth through the year.
GLW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GLW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $110.36 | $112.79 | +2.20% |
Jan 28, 2026 | $109.74 | $104.28 | -4.98% |
Oct 28, 2025 | $89.07 | $86.14 | -3.29% |
Jul 29, 2025 | $55.00 | $61.52 | +11.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Corning (GLW) report earnings?
Corning (GLW) is schdueled to report earning on May 05, 2026, TBA (Confirmed).
What is Corning (GLW) earnings time?
Corning (GLW) earnings time is at May 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLW EPS forecast?
GLW EPS forecast for the fiscal quarter 2026 (Q1) is 0.69.
