Corning signs more than USD 3 billion fiber deal as Corning stock trades at EUR 146.67
Published on 10/05/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Corning Incorporated (ISIN US2193501051) was trading at EUR 146.67 at Lang & Schwarz on October 5, 2026 at 11:01 a.m. CEST, up 0.42 percent versus the prior close of EUR 146.06. On September 29, 2026, Corning signed a multiyear fiber and cable agreement with AT&T valued at more than USD 3.0 billion, according to Corning.
AT&T deal adds fiber visibility
The agreement covers the fiber and cable AT&T needs for network expansion as data and artificial intelligence demand increases. AT&T is targeting 60 million fiber locations by the end of 2030, giving Corning a long-duration demand reference for its Optical Communications business, Reuters reported on September 29, 2026.
The contract follows Corning's second-quarter 2026 report, where core sales increased 17 percent year over year to USD 4.74 billion and core earnings per share rose 30 percent to USD 0.78. The figures came with operating margin of 20.9 percent and free cash flow of USD 1.42 billion, according to the company's earnings-call transcript published by Yahoo Finance.
Q2 growth sets the operating benchmark
Optical Communications was the key growth engine in the second quarter of 2026, with sales of USD 2.07 billion, up 32 percent year over year. Enterprise sales increased 65 percent, while artificial-intelligence data-center sales nearly doubled, placing capacity and execution at the center of the next earnings test.
Corning's third-quarter 2026 outlook calls for core sales of USD 4.9 billion to USD 5.0 billion and core earnings per share of USD 0.85 to USD 0.89. Management described the sales range as roughly 16 percent year-over-year growth, while the transcript said enterprise demand remained a significant contributor. The results will be discussed on October 27, 2026, at 8:30 a.m. ET, per Corning's investor calendar.
Analyst target remains above the quote
MarketBeat reported on September 29, 2026, that 18 research firms carried a Moderate Buy consensus, including 12 Buy ratings and six Holds, with an average 12-month target of USD 176.50. The target is a separate U.S.-dollar reference from the euro quote at Lang & Schwarz, so the two prices are not combined.
The current market capitalization was USD 141.4 billion as of October 2, 2026. Corning's NYSE listing uses the ticker GLW, and its Technology business spans optical communications, display glass, specialty materials, automotive products and life sciences.
EUR 146.67 in trading
At Lang & Schwarz, Corning stock was trading at EUR 146.67 on October 5, 2026 at 11:01 a.m. CEST, plus 0.42 percent versus the prior close of EUR 146.06. The further course of trading is shown by the continuously updated real-time quote of Corning stock.
Corning stock facts
- Company: Corning Incorporated
- ISIN: US2193501051
- Ticker: GLW
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 5, 2026, 11:01 a.m. CEST: EUR 146.67
- Change versus prior close: plus 0.42 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 146.06
- Market capitalization: USD 141.4 billion as of October 2, 2026
- Sector / Industry: Technology / Hardware, Equipment and Parts
- Next earnings date: October 27, 2026
