Corning IncorporatedNYSE: GLW
Information Technology · Electronic Components
$158.46
-3.52%
Vol: 6.1M
Research Digest
Friday, May 1, 2026
Corning beats Q1 2026 with 18% sales growth and guides Q2 strong, backed by two new hyperscaler megadeals and AI demand
Corning reported Q1 2026 core sales of $4.35 billion (+18% YoY) with core EPS of $0.70 (+30% YoY). Optical Communications jumped 36% and Solar surged 80% YoY, driven by AI infrastructure demand. The company secured long-term agreements with major hyperscale customers similar to prior Meta deals. Q2 guidance: $4.6 billion revenue (~14% YoY growth) and EPS of $0.73-$0.77 (~25% YoY growth). Corning reorganized to create Glass Innovations and Solar segments and plans May 6 investor event at NYSE. Susquehanna raised price target to $180, but J.P. Morgan downgraded to Neutral.
Previous Market Intelligence
13 daysApr 30Corning reports Q1 FY26 core sales growth of 18% to $4.35B with 36% Optical Communications surge driven by AI and hyperscaler dealsPositive▶
Corning delivered strong Q1 2026 results with core sales growth of 18% to $4.35B and core EPS growth of 30% to $0.70, driven by 36% Optical Communications growth and 80% Solar sales expansion. Two additional hyperscale customers signed long-term agreements, modeled on the prior Meta deal, providing greater visibility and reducing concentration risk. Susquehanna raised price target to $180 from $125, and company announced new Gorilla Glass Ceramic 3 featuring on Motorola's razr fold. Leadership transition with COO Eric Musser retiring after 39 years. Investor event on May 6 will unveil new Market-Access Platform and Springboard extension to 2030. Stock pulled back 1% post-earnings after 250% run; valuation risks and competitive pressures warrant caution.
Apr 29Corning reports Q1 2026 core sales +18% to $4.35B, core EPS +30% to $0.70; Meta $6B optical deal in progressPositive▶
Corning delivered strong Q1 2026 with core sales growth of 18% YoY to $4.35B and core EPS up 30% to $0.70 (beat $0.69 estimate). Optical Communications sales surged 36% YoY and Solar sales jumped 80% YoY, driven by Gen AI data center demand. Corning and Meta broke ground on $6B multiyear optical cable expansion in Hickory, NC, with two additional hyperscale customers signing similar large agreements. Stock down 2.01% on April 29 but up 71.61% YTD. Analysts bullish: UBS raised PT to $179 from $171 (Buy), and Susquehanna raised to $180 from $125.
Apr 16Corning and Meta announce up to $6 billion multiyear agreement for data center expansion; COO retiring after 39 yearsPositive▶
Corning Inc. announced a multiyear agreement with Meta for up to $6 billion to accelerate advanced data center buildout in the U.S. to support Meta AI ambitions. Corning also announced construction of a cable manufacturing expansion in North Carolina. The company launched Gorilla Glass Ceramic 2 for the Samsung Galaxy S25 Edge and Gorilla Glass Ceramic 3 (toughest ever) for Motorola razr fold. Corning announced that COO Eric S. Musser will retire after 39 years of service. Q4 2025 EPS of $0.72 beat estimates of $0.70. Corning shares fell 3.2% on April 15 amid profit-taking. Q1 2026 earnings expected April 28.
Apr 14$6B Meta AI fiber deal drives Corning stock up 20% in AprilPositive▶
Multiyear agreement with Meta valued up to $6B for optical cable manufacturing. Stock surged 311% over past year. Revenue jumped 19% to $15.6B. Zacks upgraded to Buy.
Apr 13Meta $6B data center deal announced; strong Q4 earnings; AI demand surgePositive▶
Corning announced multiyear agreement with Meta for up to $6 billion to accelerate U.S. data center buildout. Stock surged 8.4% driven by AI optical communication demand. Q4 2025 EPS of $0.72 beat estimates of $0.70. Q1 2026 EPS estimate $0.69 (expected April 28). Stock trading at $171.46.
Apr 10Corning surges on Meta's $6 billion AI fiber deal and analyst upgrades driving strong demand for optical connectivity.Positive▶
Corning announced a multiyear agreement with Meta worth up to $6 billion to supply advanced fiber and cable for AI data centers. Q4 earnings EPS $0.72 vs. $0.70 est. boosted investor confidence. Mizuho increased target to $160 from $155 on April 8. Stock reached all-time highs around $164. Strong demand for AI-focused optical technologies.
Apr 9Corning hits all-time high on Meta partnership; 1-year return reaches 285%Positive▶
Corning Inc. stock hit all-time high of $162.12, gaining 9.06% on April 8 alone, with 1-year return reaching extraordinary 285%. Company announced multiyear agreement with Meta valued at up to $6 billion for advanced data center buildout. Corning launched Gorilla Glass Ceramic 3 (toughest ever) for Motorola's razr fold, with Samsung Galaxy S25 Edge featuring Gorilla Glass Ceramic 2. Announced acceleration of advanced manufacturing in Saginaw County, Michigan for U.S. solar components. UBS maintains Buy rating with $171 target; BofA raised to $144.
Apr 8No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Apr 7Corning secures $6B Meta fiber deal; launches AI optical breakthroughs at OFC 2026.Positive▶
Corning announced $6 billion multiyear optical fiber supply agreement with Meta for U.S. advanced data centers, with manufacturing expansion in North Carolina including Hickory cable facility. Company will present AI-driven optical breakthroughs at Optical Fiber Communication Conference March 16, including co-packaged optical systems, microcables, connectors, and multicore fiber. Q4 2025 core sales rose 14% to $4.41B with full-year 2025 core EPS up 29% to $2.52. Raised Springboard targets by $11B to 2028 and 2026 incremental sales to $5.75B. BofA raised price target to $144 (from $120). Buy consensus from 11 analysts.
Apr 6Corning secures $6B Meta supply deal for AI fiber optics; stock surges 8.1%.Positive▶
Corning announced major supply agreement with Meta worth up to $6B for AI data center fiber infrastructure. Stock jumped 8.1% April 1. Expanding North Carolina facility with 15-20% workforce increase. Up 57.6% YTD; trading 10.9% below 52-week high $160.43.
Apr 3Corning surges 8.4% on $6 billion Meta optical cable plant expansion deal and Apple's additional $2.5 billion iPhone glass commitment.Positive▶
Corning announced a multiyear agreement worth up to $6 billion with Meta Platforms to accelerate U.S. data center buildout. Apple committed an additional $2.5 billion to manufacture iPhone and Apple Watch cover glass in Kentucky. Corning launched Gorilla Glass Ceramic 3. The stock has surged 60.6% over the past three months. Analysts expect 25.9% YoY EPS growth.
Apr 1Corning announced multiyear $6 billion partnership with Meta for advanced U.S. data centers and launched Gorilla Glass Ceramic innovations.Positive▶
Corning signed a landmark multiyear agreement with Meta worth up to $6 billion to support data center buildout for AI infrastructure. The company launched Gorilla Glass Ceramic 2 for Samsung Galaxy S25 Edge and Gorilla Glass Ceramic 3 for Motorola razr fold. Q2 2025 Optical Communications revenue reached $1.56 billion, up 41% YoY. GLW has surged 204% over 12 months. Analysts rate GLW as Buy with expectations for 25.9% YoY EPS growth. COO Eric S. Musser will retire after 39 years.
Mar 31Corning surged 8.4% on AI optical demand; unveiled multicore fiber innovations at OFC 2026.Positive▶
Corning rallied 8.4% on AI optical communications demand. Multicore fiber and expanded-beam ferrule at OFC 2026. US Conec PRIZM TMT collaboration. Q4 EPS $0.72 beat $0.70. BofA reaffirmed Buy. Stock at $130.97, up 46.60% over 90 days.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| APHAMPHENOL | $142.68 | -3.12% | +16.4% | 28.4x | — | $181.1B |
| GLWCORNING | $158.46 | -3.52% | +12.1% | 40.8x | 1.05 | $149.0B |
| NVDANVIDIA | $198.66 | -0.46% | +12.3% | 17.8x | 2.33 | $4.85T |
| AAPLAPPLE | $280.06 | +3.21% | +4.8% | 28.9x | 1.11 | $3.98T |
| MSFTMICROSOFT | $414.02 | +1.53% | +9.4% | 21.2x | 1.11 | $3.03T |
| AVGOBROADCOM | $420.41 | +0.71% | +32.8% | 23.0x | 1.25 | $1.98T |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.