GLW

A month has gone by since the last earnings report for Corning (GLW). Shares have added about 25.7% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Corning due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Corning Incorporated before we dive into how investors and analysts have reacted as of late. GLW Q1 Earnings Match Estimates, Revenues Beat on Optical Strength Corning reported first-quarter 2026 core earnings of 70 cents per share, up 29.6% year over year and in line with the Zacks Consensus Estimate. Revenues of $4.35 billion increased 18.1% from the year-ago quarter and beat the consensus estimate by 1.78%.The top-line growth was driven by strong demand for Gen AI-related products and a sharp ramp in solar offerings, with Optical Communications and Solar emerging as key contributors. Core operating margin expanded to 20.2%, reflecting improved scale and execution. GLW Sees Strong Growth in Optical Communications Corning’s Optical Communications segment led growth, with first-quarter sales rising 36% year over year to $1.85 billion. Net income surged 93% to $387 million, supported by robust demand for Gen AI infrastructure.Growth was broad-based across enterprise and carrier networks, both of which posted 36% year-over-year gains. The company also secured additional long-term agreements with hyperscale customers, reinforcing its positioning in AI-driven data center expansion. Corning’s Solar Business Delivers Rapid Expansion The Solar segment remained a standout, with revenues jumping 80% year over year to $370 million. This reflects strong momentum in polysilicon and module production as the company scales its solar platform.Despite the revenue surge, profitability remained modest, with net income of $7 million. Management highlighted continued ramp-up activity and expects further margin improvement as production efficiencies increase and scale benefits materialize in upcoming quarters. GLW Margins Expand on Improved Cost Structure Corning delivered notable margin expansion in the quarter. Core operating margin improved 220 basis points year over year to 20.2%, while core gross margin rose to 39.1%.This improvement reflects a combination of higher volumes, favorable product mi...

Carillon Tower Advisers, an investment management company, released its first-quarter 2026 investor letter for the “Carillon Eagle Growth & Income Fund”. A copy of the letter is available to download here. The first quarter of 2026 was volatile due to market shifts, including increased geopolitical risk and inflation fears from rising energy prices. The S&P declined 4.33%. Early in the quarter, value outperformed growth. Inflation worries impacted financial and tech sectors in the quarter. Despite concerns, economic data and corporate earnings stayed strong. Forward S&P 500 earnings are projected to increase 15% in 2026, with the market trading at a PE ratio below 20x for the first time since 2023. Forecasting the macroeconomy is challenging, but the Fund focuses on financially strong companies with solid earnings growth that succeed in the long term despite macro issues. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its first-quarter 2026 investor letter, Carillon Eagle Growth & Income Fund highlighted Corning Incorporated (NYSE:GLW) as anotable contributor. Corning Incorporated (NYSE:GLW) is an optical communications, display technologies, environmental technologies, specialty materials, and life sciences business company. On May 21, 2026, Corning Incorporated (NYSE:GLW) closed at $191.89 per share. One-month return of Corning Incorporated (NYSE:GLW) was 9.10%, and its shares gained 296.79% over the past 52 weeks. Corning Incorporated (NYSE:GLW) has a market capitalization of $165.15 billion. Carillon Eagle Growth & Income Fund stated the following regarding Corning Incorporated (NYSE:GLW) in its Q1 2026 investor letter: Corning Incorporated (NYSE:GLW) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 85 hedge fund portfolios held Corning Incorporated (NYSE:GLW) at the end of the fourth quarter, up from 75 in the previous quarter. While we acknowledge the potential of Corning Incorporated (NYSE:GLW) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Corning Incorporated (NY...

Interested in Owens Corning Inc? Here are five stocks we like better. Owens Corning reported first-quarter revenue of $2.3 billion, down 10% year over year, as weak residential construction and repair/remodel demand pressured volumes. Even so, management said operating performance remained strong and margins improved through portfolio changes and cost discipline. Roofing and Insulation both saw lower sales, but the company said Roofing margins held up well and expected second-quarter Roofing EBITDA margins in the low 30% range. Insulation remained relatively stable, with strength in non-residential demand tied to data centers and reindustrialization helping offset softer housing markets. The company said it has completed its portfolio reshaping and is on track for about $135 million in run-rate enterprise cost synergies by midyear, plus an additional $75 million in structural cost improvements. Owens Corning also reaffirmed shareholder returns and guided second-quarter revenue slightly below last year, while warning of tariff and inflation-related cost pressures. 3 High-Potential Stocks Analysts Say Could Soar Owens Corning (NYSE:OC) reported lower first-quarter revenue as weaker residential construction and repair-and-remodel demand continued to pressure volumes, but executives said the company’s reshaped building products portfolio is producing more durable margins through the cycle. The Toledo, Ohio-based company generated first-quarter revenue of $2.3 billion, down 10% year over year, and adjusted EBITDA of $369 million, representing a 16% adjusted EBITDA margin. Adjusted earnings were $1.22 per diluted share. Chair and Chief Executive Officer Brian Chambers said the results reflected “strong operating performance” despite affordability challenges, consumer uncertainty and limited storm-related carryover demand from the second half of last year. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? MarketBeat Week in Review – 8/5 - 8/9 “For the past several quarters, we’ve been operating through markets with declining volumes, but our ability to consistently deliver solid results highlights the strength of our enterprise and the structural improvements we’ve made,” Chambers said. The company returned $63 million to shareholders through dividends during the quarter and reiterated its commitment to return $1 billion to shareholders in 20...

Lumentum Holdings’ LITE shares have gained 6.1% since the company reported third-quarter fiscal 2026 results on May 5, driven by robust AI- and cloud-related demand. Revenues surged 90.1% year over year to $808 million, while non-GAAP earnings jumped to $2.37 per share from 57 cents in the year-ago quarter. Both top and bottom lines exceeded analysts’ expectations. Revenues beat the Zacks Consensus Estimate by 0.37%, while earnings surpassed the consensus mark by 5.8%. Lumentum’s strong quarterly performance was primarily driven by accelerating demand for AI infrastructure and cloud networking products. Growth was particularly strong in EML laser chips, cloud transceivers and scale-across networking components. The company also benefited from improving product mix, pricing discipline and stronger operating leverage, which significantly boosted margins during the quarter. For the fourth quarter of fiscal 2026, Lumentum expects revenues between $960 million and $1.01 billion. The company guided non-GAAP operating margin to 35-36% and non-GAAP earnings to $2.85-$3.05 per share, based on an effective tax rate assumption of 16.5% and approximately 102 million diluted shares. Management indicated that transceivers are expected to be a major driver of sequential growth, supported by the ramp of 1.6T shipments in the fiscal fourth quarter. The company also expects continued progress in integrating internal CW lasers into its module portfolio. Management noted that nearly 20% of modules in the near-term mix could incorporate Lumentum’s own CW lasers, alongside ongoing yield improvements and lower scrap rates, which are expected to support profitability. The Zacks Consensus Estimate for fourth-quarter fiscal 2026 revenues is currently pegged at $986.69 million, indicating more than 100% year-over-year growth. The consensus estimate for earnings is pegged at $2.69 per share, up 3.5% over the past 30 days. Analyst sentiment also remains favorable for the longer term. Earnings estimates for fiscal 2026 and fiscal 2027 have increased 2.1% and 11.4%, respectively, over the past 30 days, reflecting optimism surrounding Lumentum’s expanding AI- and cloud-driven growth opportunities. Image Source: Zacks Investment Research Lumentum is benefiting significantly from robust AI and cloud infrastructure demand, which is driving strong adoption of its optical and photonic technolog...

The stock market hit fresh highs as crude oil prices tumbled below $100 on Iran hopes. Earnings were mostly strong, though there were big losers too

Coherent reported quarterly earnings that were in-line with Wall Street’s expectations, with gross margins increasing slightly. The optical networking company is benefiting from the artificial intelligence data center boom—but shares fell anyway. Coherent posted adjusted earnings of $1.41 a share for the fiscal third-quarter, compared to 91 cents a year ago and Wall Street’s $1.40 a share prediction.

The S&P 500 and Nasdaq hit new highs on Iran deal hopes. Nvidia leads new buys with Arm a big earnings mover late.

Apple, Sandisk and Roku were key movers after the stock market hit new highs amid huge earnings and lower oil prices.

NETGEAR, Inc. NTGR reported first-quarter 2026 non-GAAP earnings per share (EPS) of 6 cents compared with the Zacks Consensus Estimate of a loss of 8 cents. The company’s bottom line improved 200% year over year. Quarterly net revenues of $158.8 million declined 2% year over year but topped the consensus estimate of $152.5 million by 4.1%. Revenues came within the management guidance of $145 million and $160 million. The higher-margin Enterprise segment cushioned the performance, benefiting from growth in ProAV-managed switch products. NETGEAR, Inc. price-consensus-eps-surprise-chart | NETGEAR, Inc. Quote At the end of the first quarter, NTGR now has 559,000 recurring subscribers and $39.7 million in annual recurring revenues. For the second quarter of 2026, NETGEAR projects net revenues of $150 million to $165 million. The company expects end-user demand for ProAV managed switches to remain strong. However, the Consumer business is likely to be impacted by the rising cost of memory throughout the year, according to management. Service Provider and related products business revenues are forecast to be around $18 million, down nearly 33% year over year. Image Source: Zacks Investment Research In the past year, shares of NTGR have declined 7.5% against the Communications-Components industry’s growth of 335.7%. Driven by the ongoing momentum for ProAV managed switch products, revenues from the Enterprise segment (53% of total revenues) jumped 5.8% to $83.8 million. The company has added more than 50 partners to its AV ecosystem in the year, bringing total partnerships to 577. NTGR is also navigating supply-chain headwinds around certain managed switch products. The Consumer segment’s revenues of $75 million fell 9.5% year over year. Weakness in sales to Service Providers and associated products, which declined 32% year on year, proved a drag. Excluding this, the core Consumer business was up 3%, driven by strength in the WiFi 7 lineup and growth in recurring revenue services. Our estimates for Enterprise and Consumer stood at $79.5 million and $73 million, respectively. Region-wise, net revenues from the Americas were $105.9 million (67% of total revenues), down 1.8% year over year. Europe, the Middle East and Africa generated revenues (21%) of $33.5 million, up 4.2%. Revenues from the Asia Pacific region (12%) fell 12.1% year over year to $19.5 million. Non-GA...

Corning (GLW) reported Q1 2026 core sales of $4.35 billion, representing an 18% year-over-year increase. The core insight hiding beneath this headline beat is how entirely the AI-driven acceleration is offsetting the more modest growth currently seen in the company's traditional Glass Innovations segment. Photo by Bru-nO on Pixabay The Optical Communications segment surged 36% year-over-year to $1.8 billion, driven by the structural demand for high-density AI data center architectures. The company secured a $6 billion multi-year agreement with Meta Platforms (META) alongside two similarly sized hyperscaler deals in Q1. Furthermore, the Solar segment recorded 80% year-over-year growth. This combined secular strength expanded core gross margins by 120 basis points to 39.1% and operating margins by 220 basis points to 20.2%. See how Corning's growth and margins compare to those of its peers, including Thermo Fisher Scientific (TMO) and Danaher (DHR). Corning's core EPS rose 30% to $0.70, and management guided Q2 2026 sales to $4.6 billion. The AI infrastructure thesis is materializing exactly as projected. However, the Glass Innovations segment, which accounts for 32% of total revenue, stalled at just 1% year-over-year growth in Q1. Industry forecasts project global smartphone shipments will decline between 7% and 15% in 2026 due to component shortages and rising costs. A double-digit unit contraction will directly pressure high-margin Gorilla Glass volumes. Current market sentiment appears focused on the Optical surge, potentially underestimating the impact of near-term cyclical headwinds in mobile. Crucially, the market has already aggressively priced in this structural shift. Corning currently trades at 48 times its forward expected adjusted earnings. This is a severe expansion from its three-year average P/E multiple of approximately 21x. See how Corning's stock valuation compares with its peers. Investors are valuing a capital-intensive, cyclical materials manufacturer at a premium typically reserved for asset-light technology companies. The fundamental asymmetry has deteriorated, narrowing the margin of safety for investors entering at these levels. The transition of Corning into a primary AI infrastructure enabler is verified by the Q1 data, but the current valuation demands flawless execution. If the optical segment growth normalizes below 25% or the sm...

CORNING, N.Y., April 30, 2026--(BUSINESS WIRE)--Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 29, 2026, to shareholders of record on May 29, 2026. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements relate to, among other things, the Company’s Springboard plan, projected financial and operating performance, anticipated sales opportunities, long-term growth strategy, expected capital deployment, innovation and commercialization plans, and anticipated impacts of customer agreements. Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that impact the company, there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strat...

T-Mobile, US, Inc. TMUS is set to report first-quarter 2026 results on April 28, after the closing bell. In the trailing four quarters, the company delivered an earnings surprise of 5.83%, beating estimates on all occasions. The wireless service provider is expected to witness year-over-year revenue growth, supported by strong postpaid subscriber additions, rising 5G adoption and growing demand for premium wireless and broadband services. However, higher promotional spending, intense competition and increased network investments may continue to put pressure on the bottom line. During the quarter, T-Mobile launched the Samsung Galaxy S26 lineup with strong promotional offers, which is likely to have boosted revenues in the first quarter of 2026. Free phone deals, trade-in discounts and bundled 5G Home Internet plans are expected to have helped drive device sales, higher service adoption and recurring revenue growth. T-Mobile’s strong growth in 5G Home Internet is likely to have boosted revenues in the to-be-reported quarter. More broadband customers and premium wireless packages are likely to have improved customer retention and strengthened its position in the broadband market. During the to-be-reported quarter, T-Mobile began offering the iPhone 17e and iPad Air with attractive promotional offers, highlighting strong demand for its wireless services and premium plans. The launch is expected to have driven the company’s revenue growth in the quarter under review, as device sales, customer upgrades and new line activations began and are likely to have continued. T-Mobile collaborated with Samsung to improve the in-store customer experience in selected stores during the first quarter. This is expected to have supported revenue growth by improving customer engagement, increasing accessory sales and driving better in-store conversion rates. T-Mobile remains strong in the competitive U.S. wireless market against rivals like AT&T and Verizon. Its reliable 5G network, attractive plans and customer-friendly offers are likely to have driven subscriber growth, improved retention and supported steady future revenue growth. For the March quarter, the Zacks Consensus Estimate for total revenues is pegged at $23 billion, indicating an improvement from the year-ago quarter’s reported figure of $20.9 billion. The consensus estimate for adjusted earnings per share is pegged...