§ Companies / GLW / Earnings / Research

GLW Q2 FY2026 earnings: EPS beat by 3.3%, revenue beat by 2.3%

Equipment Desk · RegardingSemi Engine · Jul 28, 2026 · updated Jul 31

CORNING INC /NY reported Q2 FY2026. EPS came in at $0.78 against a $0.76 consensus, beat by 3.3%. Revenue was $4.7B versus $4.6B expected, beat by 2.3%. Gross margin was 36.1%, down 80 bps from last quarter.

§ Noticed on the call

Sees Q3 sales up about 16 percent to $4.9 billion to $5.0 billion.

show quote

“In the third quarter, we expect sales to grow approximately 16% year-over-year to a range of $4.9 billion to $5 billion and core EPS to grow approximately 28% year-over-year to a range of $0.85 to $0.89.”
Sees Q3 core earnings per share up about 28 percent to $0.85 to $0.89.

show quote

“In the third quarter, we expect sales to grow approximately 16% year-over-year to a range of $4.9 billion to $5 billion and core EPS to grow approximately 28% year-over-year to a range of $0.85 to $0.89.”

§ From the call / model-read, verbatim-grounded

Sentiment

0.45

Net tone of the full call — above 0 positive, below 0 negative

Q&A Evasiveness

+8.4

Question-dodging vs this company's own baseline — spikes matter, not the level

Guidance Tone

0.77

Tone of the forward-guidance language

Novelty Share

96%

Language not seen in this company's prior calls

Guidance “For CapEx, we expect to increase our investment run rate into Q3 and Q4, and to invest approximately $2 billion for the year to support the compelling growth plan Wendell just described in optical communications.”

Guidance “For the full year, we expect memory prices to impact the handheld market with units to be down a mid-teens percentage.”

4 more flagged statementsand 3 tone events from this call are in the Pro read.

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the fully annotated transcript →

§ The quarter in numbers

Metric	Actual	Consensus	Surprise
EPS	$0.78	$0.76	beat by 3.3%
Revenue	$4.7B	$4.6B	beat by 2.3%

Line	This quarter	QoQ	YoY
Revenue	$4.5B	+8.7%	+16.6%
Gross profit	$1.6B	+6.5%	+17.0%
Operating income	$698.0M	+9.2%	+21.8%
Net income	$559.0M	+50.7%	+19.2%
Diluted EPS	$0.64	+48.8%	+18.5%
Gross margin: 36.1%.

§ The trend

Revenue is up 16.6% from the same quarter last year. Gross margin sits at 36.1%, 100 bps off its 8-quarter high.

§ How it stacks up Pro

This section is part of the Pro report for GLW.

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§ Go deeper on GLW

The annotated call — full transcript, ML highlights → Everything on GLW → Who owns it (13F) → Insider tape →

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