Schwab Network on $GLW (Oct 27, 2026)
Corning's quarter was very good: sales of $5.08 billion vs $5.02 billion expected and EPS of 91 cents vs 88 cents, with sales up 19% year on year—the strongest since Springboard—EPS up 36%, and four multi-billion-dollar customer agreements; optical communications grew 44% on AI demand, enterprise network 84%, and solar 37% helped by tariffs. The stock initially rose about two and a half to nearly 3%, then stabilized; it has fallen over the past two months to key support around 125, and whether it holds and the call draws enthusiasm is open.
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Corning is on your radar this morning. At one time, this company was not involved in the artificial intelligence business, but now it is. Yes, we see the stock already exceeding expectations in terms of both revenue and earnings.
Core sales amounted to $5.08 billion . Market expectations were $5.02 billion, and earnings per share were 91 cents. The market forecast was 88 cents.
Now, when looking at their sales growth, it's about 19 % year-on-year. This is the strongest growth since they launched their Springboard product offerings here. Basic earnings per share also increased by 36% year-on-year.
The company discussed that it secured four multi- billion dollar long-term customer agreements during the quarter. Their optical communications activity is what is actually driving the artificial intelligence story here.
Their sales have already increased by 44% year-on-year. This far exceeded market expectations .
Their enterprise network sales also increased by 84% year-on-year. Then there is the solar energy business , which many traders and investors may not notice, but their sales have grown by 37% year-on-year.
They have already stated that they are seeing a positive impact with regard to some tariffs because we are seeing an increase in domestic demand for solar panels and solar energy products .
So they are actually one of the beneficiaries of those tariffs on some foreign goods, especially if we look at Chinese solar panels here.
So, overall, this is actually a very good report. The stock was up at the start of trading after the report here. It is actually stable in today's session at the moment . We saw it rise by about two and a half to nearly 3%, but it has fallen back a little here.
Expectations were very high before that, but the stock has ultimately declined here over the past two months and is trading at a key support zone around the 125 level . So let's see if it can hold out today and perhaps some investors will become more enthusiastic about this name after the conference call.