Corning

Corning makes specialty glass, ceramics and optical fiber. Optical Communications sells fiber, cable and connectivity to telecom carriers and to cloud and AI data centers. Glass Innovations sells glass for displays and for phones and other devices, such as Gorilla Glass. Automotive sells glass and ceramic parts for cars.

Solar makes polysilicon and solar wafers in Michigan through Hemlock Semiconductor, a company that Corning owns in majority. In Q3 2026, net sales were $2.38 billion for Optical Communications, $1.51 billion for Glass Innovations, $470 million for Automotive, $436 million for Solar and $290 million for Life Sciences and other new businesses. Core sales were $16.41 billion in 2025.

The market doubts that Corning can reach the large growth targets of its Springboard plan, and it sees risk in the cost of the plan. Corning wants to grow its annualized sales run rate to $20 billion by the end of 2026, $30 billion by the end of 2028 and $40 billion by the end of 2030. Optical sales for AI data centers are the main driver: Optical Communications sales grew 44% in Q3 2026. But Corning must build new plants, and capital spending was $1.30 billion in the first nine months of 2026.

The Solar business still loses money as production ramps up more slowly than planned. Glass Innovations sales fell 3% because high memory prices hurt sales of TVs, notebooks and phones. Corning also set up a program to sell up to $2 billion of new shares. For the gap to close, three things must be true.

Optical sales must keep growing fast under the long-term agreements with Meta, NVIDIA, Amazon, Verizon, AT&T and others. Solar must become profitable. Core EPS must grow faster than sales with little new share issuance. The Q4 2026 report, expected in late January 2027, shows whether the run rate reached $20 billion.

If these checks pass, the gap can close slowly through 2028, when the $30 billion target falls due.

1. Jan 27, 2027 · est.Pending

   Q4 2026 results: $20 billion run rateCore sales of $5.2 billion to $5.3 billion, core EPS of $0.96 to $1.00 and an annualized sales run rate of $20 billion pass; results below guidance or a missed run rate fail.
2. 2028Pending

   Springboard: $30 billion run rate by the end of 2028Growth on the path to a $30 billion annualized sales run rate with a profitable Solar business passes; slower Optical growth or continued Solar losses fail.

Every passed and failed checkpoint across all picks

• October 27, 2026Corning reported Q3 2026 results. Core sales grew 19% to $5.08 billion, and core EPS grew 36% to $0.91. GAAP sales were $4.86 billion and GAAP EPS was $0.78. Optical Communications sales grew 44% to $2.38 billion, and Solar sales grew 37%. Corning signed four long-term customer agreements worth billions of dollars each, including with Verizon and AT&T. For Q4 2026, it guided core sales of $5.2 billion to $5.3 billion and core EPS of $0.96 to $1.00.
• September 11, 2026Corning set up an at-the-market program to sell up to $2 billion of new shares from time to time. It sold no shares under the program in Q3 2026.
• July 28, 2026Corning reported Q2 2026 results. Core sales grew 17% to $4.74 billion, and core EPS grew 30% to $0.78. Corning said that Amazon agreed to buy optical fiber, cable and connectivity for its U.S. data centers under a multiyear agreement worth billions of dollars.

Last earnings

October 27, 2026 (8-K on sec.gov)

Next earnings

Expected about January 27, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 29, 2026 · glw-20260930
• 8-KEarnings releaseFiled October 27, 2026 · glw-20261027
• 8-KOther company newsFiled September 11, 2026 · Read it on sec.gov
• 8-KInvestor disclosureFiled September 4, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 29, 2026 · glw-20260630
• 8-KEarnings releaseFiled July 28, 2026 · glw-20260728
• 8-KInvestor disclosureFiled May 15, 2026 · Read it on sec.gov
• 8-KInvestor disclosureFiled May 6, 2026 · Read it on sec.gov
• 8-KInvestor disclosureFiled May 4, 2026 · Read it on sec.gov
• 8-KShareholder vote resultsFiled May 4, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 24741)

• The Springboard plan needs large investments in new plants. Capital spending was $1.30 billion in the first nine months of 2026. If AI data center spending slows, the new capacity can earn less than planned.
• A few large cloud and AI companies give much of the growth in Optical Communications. If one of them spends less, growth can slow quickly.
• Solar lost $7 million in Q3 2026, and its production ramp is slower than planned. Its prices depend on U.S. trade measures, such as the Section 232 action in Q3 2026, which can change.
• Corning can sell up to $2 billion of new shares through its at-the-market program, and NVIDIA holds warrants for up to 18 million shares. New shares lower the value of each existing share.
• Glass Innovations sales fell 3% in Q3 2026 because high memory prices hurt sales of TVs, notebooks and phones.

Corning funds itself with long-term notes and debentures. At September 30, 2026, long-term debt was $7.27 billion, and current debt and short-term borrowings were $933 million. Read more

Dividend yield

0.9% (last 12 months, at today’s price of $131.20)

Paid per share

$1.12 in the last 12 months (4 payments)

Current annual rate

$1.12 ($0.28 × 4 a year)

Payout ratio

61% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

August 31, 2026, $0.28 per share

Dividends per share by year

Over the last 5 years, the dividend grew by about 3.6% a year. Over the last 10 years, the dividend grew by about 7.9% a year.

Source: company filings and market data, read on October 29, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.