Corning (NYSE:GLW) Releases Q1 2026 Earnings Guidance

Corning (NYSE:GLW) issued an update on its first quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.660-0.700 for the period, compared to the consensus earnings per share estimate of 0.670. The company issued revenue guidance of $4.2 billion-$4.3 billion, compared to the consensus revenue estimate of $4.2 billion.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GLW shares. Wolfe Research set a $130.00 target price on shares of Corning and gave the stock an “outperform” rating in a report on Tuesday. Wall Street Zen raised shares of Corning from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Argus boosted their price objective on shares of Corning from $68.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Fox Advisors downgraded shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on Corning from $98.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.91.

Corning Trading Down 1.3%

Shares of GLW opened at $102.97 on Friday. The firm’s 50-day moving average price is $89.46 and its 200-day moving average price is $79.63. The firm has a market capitalization of $88.29 billion, a price-to-earnings ratio of 55.96, a PEG ratio of 1.83 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. Corning has a 1-year low of $37.31 and a 1-year high of $113.99.

Corning (NYSE:GLW) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The company had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Corning’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Sell-side analysts anticipate that Corning will post 2.33 EPS for the current year.

Insider Activity

In other news, CFO Edward A. Schlesinger sold 21,104 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Key Headlines Impacting Corning

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Multiyear agreement with Meta (up to $6 billion) gives Corning clear revenue visibility for its optical business and supports planned manufacturing expansion. Corning and Meta announce multiyear, up to $6bln agreement
• Positive Sentiment: Q4 beat: $0.72 EPS on $4.41B revenue with Optical Communications surging (strong Gen‑AI/data‑center demand), reinforcing growth expectations. GLW Q4 Earnings Beat on Strength in Optical Communication
• Positive Sentiment: Broker upgrades and higher targets (Susquehanna $125, Citi $120, JPMorgan $115) signal consensus analyst upside and lend support to the stock. Susquehanna raises price target on GLW
• Neutral Sentiment: Media and commentators (including Jim Cramer) are highlighting GLW as an AI/data‑center beneficiary — a supportive narrative but largely priced in after recent moves. Jim Cramer Explains Why To Hold Corning
• Neutral Sentiment: Company guidance for Q1 2026 (EPS $0.660–0.700; sales above estimates) is constructive but broadly in line with market expectations. Corning forecasts Q1 sales above estimates
• Negative Sentiment: CFO Edward Schlesinger sold 21,104 shares (~$2.2M), cutting his stake by ~28% — an insider sale that can trigger investor concern even if it’s for diversification. SEC Form 4: Edward Schlesinger sale
• Negative Sentiment: After the spike to record highs on the Meta deal and earnings, short‑term profit‑taking and a technical pullback have appeared across coverage, which is the immediate driver of intraday weakness. Corning slips after Q4 results — Seeking Alpha

Institutional Trading of Corning

A number of hedge funds have recently modified their holdings of GLW. Schnieders Capital Management LLC. purchased a new stake in Corning in the second quarter worth about $266,000. Brighton Jones LLC boosted its position in shares of Corning by 46.0% in the 4th quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 2,114 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Corning in the 2nd quarter worth approximately $401,000. Voleon Capital Management LP purchased a new stake in shares of Corning in the 2nd quarter worth approximately $330,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Corning during the 2nd quarter valued at approximately $531,000. Institutional investors own 69.80% of the company’s stock.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.