Corning signs USD 3 billion deal: 18 analysts rate Corning stock Buy
Published on 10/06/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Corning entered a multi-year fiber and cable agreement valued at more than USD 3 billion with AT&T on September 29, 2026, while 18 analysts listed by Investing.com include 13 Buy ratings and 5 Hold ratings. The agreement gives Corning a fresh commercial link to broadband expansion and artificial intelligence infrastructure demand.
Fiber deal adds demand visibility
According to Corning on September 29, 2026, the company will supply AT&T with fiber and cable for its network expansion. The agreement is valued at more than USD 3 billion and supports AT&T's plan to reach 60 million Americans with connectivity by the end of 2030.
The commercial backdrop is already visible in Corning's latest reported quarter. Investing.com reports second-quarter 2026 revenue of USD 4.74 billion, up 17.00 percent year over year, with Optical Communications revenue up 32.00 percent to USD 2.07 billion.
Growth comes with execution demands
The second-quarter figures show why optical infrastructure is central to the Corning story. Enterprise sales rose 65.00 percent year over year to USD 1.27 billion, and the company said artificial intelligence product sales nearly doubled during the quarter, according to the same reported results.
Corning's third-quarter 2026 outlook calls for revenue of USD 4.90 billion to USD 5.00 billion and core earnings per share of USD 0.85 to USD 0.89, versus USD 4.74 billion of revenue and USD 0.78 of earnings per share in the second quarter. The range points to continued expansion, but it also puts delivery against capacity investment and customer timing at the center of the next report.
Analyst target rises to USD 201
GuruFocus reported on October 5, 2026, that UBS maintained its Buy rating and raised its Corning price target to USD 201.00 from USD 196.00. The target increase followed Corning's optical growth narrative, while valuation remains a counter-factor in the analyst discussion.
Stock holds near EUR 142
Corning was trading at EUR 142.23 at Lang & Schwarz on October 6, 2026 at 10:49 a.m. CEST, up 0.14 percent versus the prior close of EUR 142.03. On the NYSE, the primary listing is Corning's GLW share in USD; its market capitalization was USD 137.3 billion as of October 6, 2026.
The further course of trading is shown by the continuously updated real-time quote of Corning stock.
Corning stock at a glance
- Company: Corning Incorporated
- ISIN: US2193501051
- Ticker: GLW
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026, 10:49 a.m. CEST: EUR 142.23
- Change versus prior close: plus 0.14 percent
- Prior close Lang & Schwarz September 5, 2026: EUR 142.03
- Market capitalization: USD 137.3 billion as of October 6, 2026
- Sector / Industry: Technology / Hardware, Equipment and Parts
- Next earnings date: October 27, 2026
