Corning Incorporated (GLW) reported second-quarter 2026 results on June 30, 2026, with non-GAAP earnings of 78 cents per share, a 30% increase year-over-year, and 2.6% above the Zacks Consensus Estimate. Core revenues reached $4.74 billion, reflecting a 17% rise and surpassing consensus by 2.9%.
Key drivers of revenue growth included a 32% increase in Optical Communications sales to $2.07 billion and a 90% surge in Solar revenues to $438 million. The Enterprise Networks segment reported a 65% sales jump, largely due to demand from AI infrastructure. The company anticipates third-quarter core sales between $4.9 billion and $5 billion, indicative of approximately 16% year-over-year growth.
Corning generated $1.72 billion in operating cash flow, up from $708 million a year earlier, with adjusted free cash flow reaching $1.42 billion. The company’s long-term strategy includes targeting a $20 billion sales run rate by the end of 2026, scaling to $30 billion by 2028 and $40 billion by 2030.
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