Corning stock falls as Q3 guidance misses estimates
Published on 09/02/2026 at 15:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Corning Inc. (US2193501051) stock fell after the company guided third-quarter 2026 revenue to USD 4.9 billion to USD 5.0 billion, with a midpoint of USD 4.95 billion, below the USD 5.0 billion consensus cited by MarketBeat. On September 1, 2026, the shares were quoted at USD 143.48 at 12:35:14 PM EDT, down 3.53 percent on the session, according to a market update carried by ad hoc news.
Guidance reset
Corning's second-quarter 2026 revenue reached USD 4.74 billion, up 17.1 percent year over year from USD 4.05 billion, while earnings per share came in at USD 0.78, above the USD 0.76 consensus by USD 0.02. The same report said the optical communications segment generated USD 2.1 billion, up 32 percent year over year, and net income there reached USD 438 million, up 77 percent.
Consensus still positive
Analyst sentiment remained constructive in the latest consensus snapshot. MarketScreener showed 16 analysts, a mean Buy rating and an average target price of USD 191.40, which is 31.49 percent above the last close of USD 145.56.
Corning's optical communications engine
The segment that matters most for the current debate is optical communications, which brought in USD 2.1 billion in the second quarter of 2026 and grew 32 percent year over year.
Stock and valuation
At USD 143.48, the stock traded well below the 52-week high of USD 271.78 and above the 52-week low of USD 66.14 on September 1, 2026. Market capitalization was listed at USD 123.337 billion in the same market snapshot.
Corning stock facts
- Company: Corning Inc.
- ISIN: US2193501051
- Ticker: GLW
- Trading venue: NYSE
- Price (as of September 1, 2026, 12:35 PM EDT): USD 143.48
- Market capitalization: USD 123.337 billion (as of September 1, 2026)
- Sector / Industry: Information Technology / Electronic Components
- Index membership: S&P 500
