Corning Incorporated (GLW) earnings on July 28, 2026

Before the market opens Q2 2026

More Corning Incorporated earnings

Prior outlook: Optimistic Outcome: Missed

Corning shares plunged after earnings, triggering a broader selloff in the sector.

GLW price around the earnings

126.01

Change: -12.1%

2026-07-28, 20:00 UTC

Start of the measured window End of the measured window
114.66 124.23 133.79 143.36 143.36
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 28, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Missed

Thesis published
Results released

Extreme negative recent trend and relative weakness, but 100% beat rate and high analyst upside suggest an after a strong recent drop bounce candidate.

Context analyzed before publication

Trend
Trajectory shows a collapse into the event, despite starting strong, indicating extreme after a strong recent drop conditions.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.63
Analysts covering the stock
15
Average price target
215.47
Lowest price target
155
Highest price target
270
Upside to price target
50.3%
Quarterly earnings growth
136.3%
Revenue growth
20%
Forward EPS
4.29
Trailing EPS
2.08
Analyst moves in the last 60 days
6
  • Strong buy: 0
  • Buy: 11
  • Hold: 5
  • Sell: 0
  • Strong sell: 0
Strong buy
0
Buy
11
Hold
5
Sell
0
Strong sell
0
  • July 13, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • July 7, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
  • July 6, 2026 · B of A Securities: Maintains rating (Buy → Buy)
  • July 1, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
  • June 22, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • June 5, 2026 · UBS: Maintains rating (Buy → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (3)

Technicals

Evidence

Average true range (ATR)
8.9%
Distance to 52-week high
-43.9%
14-day change (14d)
-21.8%
30-day change (31d)
-35.8%
30-day relative strength
-37.1%
SPY change (31d)
+1.3%
Nearest support
141.46
Nearest resistance
143.33
Volume accumulation ratio (14d / 46d)
0.77

Trends

Evidence

Average earnings surprise
+2.3%
  • April 28, 2026: actual EPS 0.7 vs estimate 0.69 (surprise +1.2%)
  • January 28, 2026: actual EPS 0.72 vs estimate 0.71 (surprise +2.1%)
  • October 28, 2025: actual EPS 0.67 vs estimate 0.66 (surprise +0.8%)
  • July 29, 2025: actual EPS 0.6 vs estimate 0.57 (surprise +5.1%)

Expected move

Implied move
+7.8%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.8%
75th percentile move
5.4%
90th percentile move
9.1%
Up / down moves
9 / 11
Average up move
+5.3%
Average down move
-3.8%

Monitoring and close

What Corning Incorporated reported

Status
Finished
Actual EPS0.78
EPS estimate0.76
EPS surprise+2.6%
Revenue$4,738 million
Revenue estimate$4,608 million
Revenue surprise+2.8%

Corning reported Q2 earnings that beat estimates with EPS $0.78, but its Q3 outlook fell short of Wall Street expectations. Shares dropped about 16%.

Sources (41)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures overturn the prior optimistic scenario. In the 418 past cases with a similar move, the close held that direction 94% of the time.

How the stock reacted

Outcome
Missed
Consolidated
-12.1%
Max favorable move (MFE)
0.8%
Max adverse move (MAE)
20.1%