GLW

Ericsson ERIC reported second-quarter 2026 results, wherein earnings met the Zacks Consensus Estimate, while revenues missed the same. Adjusted earnings were SEK 1.22 (13 cents) per share, in line with the consensus estimate. Revenues were SEK 52.7 billion ($5.62 billion), down 6% year over year and 2.56% below the Zacks Consensus Estimate of $5.77 billion.Organic sales declined 1% year over year primarily due to lower IPR licensing revenues following a non-recurring benefit in the prior-year quarter. However, the company delivered a solid adjusted gross margin of 48.4%, reflecting disciplined execution and improved profitability in its core businesses. Ericsson price-consensus-eps-surprise-chart | Ericsson Quote ERIC generated SEK 52.7 billion ($5.62 billion) in revenues compared with SEK 56.1 billion in the year-ago quarter. Currency headwinds and lower IPR licensing revenues weighed on reported sales, although organic growth remained relatively resilient.Adjusted gross income declined to SEK 25.5 billion ($2.72 billion) from SEK 27 billion a year ago. Nevertheless, the adjusted gross margin improved to 48.4% from 48%, supported by improved margins in Networks and Cloud Software and Services, partly offset by unfavorable currency movements. The Networks segment generated SEK 33 billion ($3.52 billion), down 8% year over year on a reported basis. Organic sales declined 4%, mainly reflecting lower IPR licensing revenues. Excluding IPR licensing, organic sales were broadly stable as growth in North East Asia and South East Asia, Oceania and India partly offset weakness in other regions. The adjusted gross margin improved to 50.4% from 49.5%.Cloud Software and Services revenues increased 3% year over year to SEK 14.7 billion ($1.57 billion). Organic sales rose 5%, driven by growth across all market areas, including higher software demand and core network upgrades. The adjusted gross margin expanded to 44.1% from 43.2%, while adjusted EBIT increased 33% to SEK 1.8 billion ($192 million). Enterprise revenues declined 19% year over year to SEK 4.5 billion ($480 million), primarily reflecting the divestment of iconectiv completed in 2025. On an organic basis, however, sales increased 3%, supported by growth in Global Communications Platform and Enterprise Wireless Solutions.The adjusted gross margin narrowed to 50.9% from 54.9%, reflecting the portfolio change fol...

Corning, New York-based Corning Incorporated (GLW) operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States and internationally. Valued at a market cap of $157.6 billion, the company’s offerings include optical fibers and cables, cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry. GLW is expected to release its Q2 2026 earnings on Tuesday, July 28, before the market opens. Ahead of the event, analysts expect the company’s EPS to be $0.76 on a diluted basis, up 26.7% from $0.60 in the year-ago quarter. The company has met or exceeded Wall Street’s EPS estimates in each of its last four quarters. Dear Google Stock Fans, Mark Your Calendars for July 13 Oracle Stock Crashes to a 52-Week Low. Here’s Why It Might Be Time to Buy. Costco vs. Walmart: 1 Dividend-Paying Retail Giant Stands Above the Other Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2026, analysts project the company’s EPS to be $3.19, up 26.6% from $2.52 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 32.3% year over year (YoY) to $4.22 in fiscal 2027. GLW stock has surged 257.1% over the past 52 weeks, outperforming the S&P 500 Index’s ($SPX) 20.1% rise and the State Street Technology Select Sector SPDR ETF’s (XLK) 43.1% rise during the same time frame. On Mar. 02, GLW shares rose nearly 5% following the launch of its Corning® Gorilla® Glass Ceramic 3, its latest product in the company’s highly acclaimed Gorilla® Glass lineup. The company claimed it was the toughest and most durable Gorilla Glass Ceramic ever made, signaling a key product innovation that will soon be used in many consumer electronics. Investor confidence was boosted post-announcement, as the launch of a company’s flagship product is expected to expand its portfolio and drive higher sales. Analysts are somewhat bullish about GLW, with the stock having a “Moderate Buy” rating overall. Among the 14 analysts covering the stock, eight recommend a “Strong Buy,” and six recommend a “Hold.” GLW’s average analyst price target of $217.43 offers a 15.7% upside potential. On the date of publication, Aritra Gangopadhyay did not have (either directly or indire...

Corning Incorporated (NYSE:GLW) is one of the Best Stocks To Buy. On June 24, Corning Incorporated (NYSE:GLW)’s board announced a quarterly dividend of $0.28 per share, with payment scheduled for September 29, 2026, to shareholders of record on August 31, 2026. Earlier, on June 8, Reuters reported that Amazon signed a multi-billion-dollar agreement with Corning Incorporated (NYSE:GLW) to expand US production of optical fiber and connectivity products used in AI data centers. However, Amazon did not disclose financial terms. Reuters said the multi-year deal will create 1,000 jobs at Corning’s North Carolina facilities. It is growing the corporation’s fiber optic technician training program with Catawba Valley Community College. Reuters reported that Corning Incorporated (NYSE:GLW) previously announced plans to increase its US optical connectivity manufacturing capacity tenfold and expand domestic fiber production capacity by more than 50%. The company also signed a partnership with Nvidia last month to expand US fiber optics manufacturing, as per Reuters. Corning Incorporated (NYSE:GLW) works in optical communications, display, specialty materials, automotive, and life sciences businesses. While we acknowledge the potential of 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. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

Micron surged overnight on strong earnings and guidance, lifting other memory and chip plays. The Fed's favorite inflation gauge is on tap.

CORNING, N.Y., June 24, 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 September 29, 2026, to shareholders of record on August 31, 2026. Caution Concerning Forward-Looking StatementsThe 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...

As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the electronic components industry, including Corning (NYSE:GLW) and its peers. Like many equipment and component manufacturers, electronic components companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include data centers and telecommunications, which can benefit companies whose optical and transceiver offerings fit those markets. But like the broader industrials sector, these companies are also at the whim of economic cycles. Consumer spending, for example, can greatly impact these companies’ volumes. The 8 electronic components stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 2.9% while next quarter’s revenue guidance was 0.8% below. In light of this news, share prices of the companies have held steady as they are up 2.6% on average since the latest earnings results. Supplying windows for some of the United States’s earliest spacecraft, Corning (NYSE:GLW) provides glass and other electronic components for the consumer electronics, telecommunications, automotive, and healthcare industries. Corning reported revenues of $4.35 billion, up 18.1% year on year. This print exceeded analysts’ expectations by 0.6%. Despite the top-line beat, it was still a mixed quarter for the company with an impressive beat of analysts’ EBITDA estimates but revenue guidance for next quarter missing analysts’ expectations. Interestingly, the stock is up 11.7% since reporting and currently trades at $187.75. Is now the time to buy Corning? Access our full analysis of the earnings results here, it’s free. Founded by a former CEO and Harvard-educated entrepreneur Scott Keeneyn, nLIGHT (NASDAQ:LASR) offers semiconductor and fiber lasers to the industrial, aerospace & defense, and medical sectors. nLIGHT reported revenues of $80.18 million, up 55.2% year on year, outperforming analysts’ expectations by 11.2%. The business had an incredible quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates. nLIGHT pulled off the biggest analyst estimate beat and fastest revenue growth among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $66.84....

Ciena Corporation CIEN stock has declined approximately 13% since its second-quarter fiscal 2026 results were reported on June 4, 2026. Shares of the company have declined 19.7% in the past month, underperforming the Zacks Computer & Technology sector and the Zacks Communication - Components industry, which decreased 0.2% and 14.9%, respectively. The S&P 500 composite is down 0.6% over the same time frame. The company’s shares have surged 38.4% in the past three months. CIEN has outperformed its peers, Corning Incorporated GLW and Arista Networks, Inc. ANET but underperformed Cisco Systems, Inc. CSCO. GLW and ANET have climbed 37.9% and 12%, respectively, while CSCO has gained 60.7% in the past three months. Image Source: Zacks Investment Research Investors may wonder whether CIEN has further downside risk or if its underlying fundamentals can help stabilize the stock. Let’s examine the company’s strengths, operational challenges and growth outlook to determine the best course of action. Ciena reported fiscal second-quarter 2026 adjusted earnings of $1.64 per share, surpassing the Zacks Consensus Estimate of $1.46. The bottom line soared 290% year over year, driven by accelerating AI-led network investments. Quarterly revenues increased 39.5% from the year-ago quarter to $1.57 billion, topping the consensus estimate of $1.50 billion, supported by record sales, robust cloud demand and strong adoption of optical networking solutions. Management expects fiscal third-quarter 2026 revenues of $1.625 billion (+/-$50 million). The company also raised its fiscal 2026 revenue guidance to $6.3 billion (+/-$100 million), implying approximately 32% year-over-year growth at the midpoint. Management attributed the improved outlook to continued AI infrastructure investments and sustained demand for its optical networking solutions. Image Source: Zacks Investment Research Ciena is benefiting from AI-led demand across cloud and service providers, its technology leadership, deep customer relationships and a broad portfolio spanning systems, interconnects, software and services. The company’s revenues grew in the second quarter, its adjusted gross margin expanded and adjusted earnings per share nearly quadrupled. Management stated that a strong and growing backlog, together with its leading technology portfolio, provides strong visibility and positions the company to capture l...

Ciena stock fell after the optical gear maker's fiscal Q2 earnings and revenue modestly beat consensus estimates amid big share gains in 2026.

The networking company reports better-than-expected earnings and revenue in its fiscal second quarter.

Ciena Corporation CIEN reported fiscal second-quarter 2026 adjusted earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.46. The bottom line surged 290% year over year as AI-driven network investments continued to accelerate. Quarterly revenues rose 39.5% year over year to $1.57 billion and surpassed the consensus estimate of $1.50 billion. Record revenues, expanding cloud demand and strong optical networking adoption fueled the performance. Cloud provider revenues accounted for 46% of total sales and climbed 70% year over year. Revenues from RLS and Waveserver products each increased more than 50% from the prior-year quarter. India revenues more than doubled, driven by the BharatNet-related MOFN program. The company also added 20 new WaveLogic 6 Extreme customers during the quarter, bringing the total customer count to 110. Management highlighted that demand for optical networking tied to AI deployments continues to exceed supply, providing longer-term visibility. The company also secured the industry's first hyperscaler multi-rail opportunity using its RLS Hyper-Rail solution, reinforcing its position in AI infrastructure networking. Networking Platforms remained the largest contributor, generating $1.27 billion in revenues and representing 81.1% of total sales. Within the segment, Optical Networking revenues increased to $1.10 billion from $773.6 million a year ago, while Routing and Switching revenues advanced to $174.2 million from $92.7 million. Platform Software and Services revenues improved to $93.9 million from $85.4 million in the year-earlier quarter. Ciena Corporation price-consensus-eps-surprise-chart | Ciena Corporation Quote Global Services revenues rose to $179.4 million from $146.2 million, reflecting healthy demand for implementation, maintenance and support offerings. Blue Planet Automation Software and Services revenues declined to $23.4 million from $28 million. Profitability improved sharply during the quarter. Adjusted gross margin expanded 390 basis points year over year to 44.9%, supported by favorable product mix and operating execution. Adjusted operating margin increased to 19.5% from 8.2% in the prior-year period. Adjusted operating expenses were $397.8 million, up 7.7% year over year. Despite higher spending, the company generated substantial operating leverage as revenue growth significantly outpaced expense...

A month has gone by since the last earnings report for ADTRAN Holdings (ADTN). Shares have added about 19.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is ADTRAN Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. ADTRAN Q1 Earnings Beat Estimates on Strong Revenue Growth ADTRAN reported strong first-quarter 2026 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Non-GAAP earnings came in at 14 cents per share, beating the consensus estimate of 9 cents.Revenues of $286.1 million edged past the consensus estimate of $285 million by 0.4% and increased 15.5% year over year, driven by solid demand across core markets and improved operating leverage. ADTN Delivers Solid Top-Line Growth ADTRAN generated total revenues of $286.1 million in the first quarter, reflecting a 15.5% year-over-year increase from $247.7 million. Growth was broad-based, supported by strength across its Network Solutions and Services & Support segments.Network Solutions revenues rose to $237.9 million from $202.2 million in the prior-year quarter, while Services & Support contributed $48.1 million compared with $45.5 million a year ago. The expansion highlights improving demand trends across fiber, cloud and edge networking infrastructure. ADTRAN Expands Margins on Operating Leverage Profitability improved meaningfully during the quarter. GAAP gross margin expanded to 39.5% from 38.4% in the year-ago period, while non-GAAP gross margin rose to 43.0%, reflecting operational efficiencies and better cost control.Operating performance also strengthened. GAAP operating margin turned positive at 2.2% compared with a negative 1.6% last year. Non-GAAP operating margin improved to 6.9% from 3.9%, indicating enhanced scalability of the company’s business model. ADTN Earnings Performance Reflects Cost Discipline On a GAAP basis, ADTRAN reported a net loss attributable to shareholders of $1.3 million or 1 cent per share, narrower than a loss of $11.3 million or 14 cents per share in the prior-year quarter.Adjusted earnings were significantly stronger at 14 cents per share, reflecting the exclusion of acquisition-related costs, stoc...

A month has gone by since the last earnings report for NETGEAR, Inc. (NTGR). Shares have added about 1.7% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is NETGEAR due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. NETGEAR 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.At the end of the first quarter, NETGEAR 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. 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. The company 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...