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GLW · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
A strong quarter driven by an Optical Communications boom (Gen AI/data center demand, +32% y/y) that lifted GAAP net income sharply and operating margin higher, while Solar remains a modest drag as it ramps toward profitability in Q3.
Net Income (Corning)
$559M
up 19% y/y
Net Sales
$4,505M
up 17% y/y
Operating Income
$698M
up 22% y/y
Gross Margin
$1,628M
up 17% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Optical Communications | $2,072 · +32% |
| Glass Innovations | $1,463 · +1% |
| Automotive | $471 · +2% |
| Solar | $438 · +90% |
| Life Sciences & Emerging | $294 · -15% |
| Net Sales | $4,505 · +17% · core sales $4,738 |
| Adjustment for Hedged Exposures | $233 · core → GAAP sales |
| Cost of Sales | $2,877 · +16% |
| Gross Margin | $1,628 · +17% · 36.1% margin |
| SG&A | $608 |
| R&D&E + Intangibles Amort. | $322 |
| Operating Income | $698 · +22% · 15.5% margin |
| Net Interest Expense | $82 |
| FX & Other, net | $33* · translated earnings contract gain net of other expense |
| Pretax Income | $649 · +11% |
| Income Tax | $40 |
| Non-controlling Interest | $50 |
| Net Income (Corning) | $559 · +19% · EPS $0.64 |
Verdict: a strong quarter driven by an Optical Communications boom (Gen AI/data center demand, +32% y/y) that lifted GAAP net income sharply and operating margin higher, while Solar remains a modest drag as it ramps toward profitability in Q3.
Operating cash flow $1,717M (+142% y/y); adjusted free cash flow $1,423M; dividends paid $251M; Q3 core sales guided to $4.9-5.0B (+~16% y/y) and core EPS $0.85-0.89.
Source and notation
* marks non-cash / ≈ estimated. Source: Corning Incorporated press release / 10-Q (SEC EDGAR).
Open as an image: GLW, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “GLW Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/glw/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/glw/q2-2026"><img src="https://whoreportstoday.com/t/glw/q2-2026/sankey.png" alt="GLW Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/glw/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/glw/q2-2026">GLW Q2 2026 earnings chart (Who Reports Today)</a>
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- Segment sales are on Corning's core (non-GAAP) basis and add up to $4,738M; GAAP net sales were $4,505M (+17% y/y) — the $233M gap is the adjustment for hedged exposures (yen, won, yuan and other hedged currencies), shown as a separate outflow from revenue.
- Optical Communications surged 32% y/y to $2,072M with Enterprise Networks up 65%, driven by Gen AI/data-center demand and new Amazon and NVIDIA partnerships.
- Solar sales grew 90% y/y to $438M but posted a net loss due to an extended maintenance shutdown/equipment upgrade; management expects improved profitability in Q3.
- Life Sciences and Emerging Growth Businesses sales fell 15% y/y to $294M with a net loss.
- Segments were recast in Q1 2026: Glass Innovations combines former Display and Specialty Materials; Solar now includes Hemlock Semiconductor plus wafer/module business.
- Translated earnings contract gains and interest expense are notable below-operating-income items feeding into pretax income; GAAP net income rose 19% y/y to $559M.
What distorts the picture in this report and what to watch beyond the headlines.
GLW — Corning Incorporated is a materials science and engineering company known for its glass and ceramic technologies used in consumer electronics, telecommunications, and life sciences.
The company is based in Corning, New York.
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