Corning Incorporated (GLW) Earnings Call Transcripts

Corning Incorporated's Latest Earnings Call - Q2 FY2026

Corning Incorporated reported strong second quarter results for fiscal year 2026, with revenues of $4.74 billion, up 17% year-over-year, and earnings per share (EPS) of $0.78, reflecting a 30% increase. The company continues to execute on its Springboard plan, aiming for an annualized sales run rate of $20 billion by the end of 2026, with a projected compound annual growth rate (CAGR) of 19% from Q4 2026 to Q4 2030. Management maintained its guidance for the third quarter, expecting sales growth of approximately 16% year-over-year and core EPS growth of 28%.

Reported metrics

Guidance from management

Management expects Q3 sales to grow approximately 16% year-over-year, with core EPS projected to be between $0.85 and $0.89. They anticipate continuing to invest in growth opportunities while generating significantly more free cash flow year-over-year.

What management said

Just to normal, simpler so is just in May, we provided that we get to the $20 billion run rate by quarter 4. And our growth rates are just going better. And so it looks like we could hit it a quarter early, and we didn't want to upgrade our springboard plan again after just doing it in May. So when we get around to updating and providing quarter 4 guide, we'll do that. Meanwhile, there's no implied message.

Yes. Thanks, Asiya. So last quarter, we got to 20%. This quarter, we're over 20%, a significant improvement from where we were when we first started the Springboard plan I think we'll continue to see nice growth in optical, and we can certainly see margin expansion as well.

What analysts pressed on

Analysts expressed concerns regarding the sustainability of growth in enterprise sales and the impact of memory prices on the handheld market. There were also questions about the timing of the adoption of optical Scale-Up in AI factories and its implications for future revenue growth.

Main topics on the call

• Springboard Plan Progress — Corning's Springboard plan aims to grow annualized sales to $20 billion by the end of 2026, $30 billion by 2028, and $40 billion by 2030. Management stated, "We are entering a new phase of accelerating growth" with a pro...
• Optical Communications Growth — Sales in the Optical Communications segment grew 32% year-over-year to $2.07 billion, with net income increasing 77% to $438 million. Management noted, "We continue to see strong demand for our Gen AI products and enterp...
• Solar Segment Performance — The solar segment reported a 90% year-over-year sales increase to $438 million, despite a net loss of $7 million due to maintenance shutdowns. Management expects sales and profitability to improve in Q3, stating, "Custom...
• Enterprise Sales Acceleration — Enterprise sales surged 65% year-over-year, driven by demand for Gen AI innovations. Management indicated that "the portion of enterprise sales related to AI data centers nearly doubled in the quarter."

Read the full Corning Incorporated transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 69 Corning Incorporated earnings call transcripts on record, spanning January 29, 2020 to July 28, 2026. Based on this history, Corning Incorporated reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GLW

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

69

First call

January 29, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly