Corning stock at EUR 109.74, down 6.87% premarket
Published on 10/30/2026 at 09:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSStrong growth supports Corning outlook
- Optical Communications sales increased 44% year over year to USD 2.38 billion in the third quarter.
- Management expects fourth-quarter core sales of USD 5.2 billion to USD 5.3 billion and core earnings per share of USD 0.96 to USD 1.00.
- Corning reported third-quarter GAAP sales of USD 4.86 billion and core sales of USD 5.08 billion.
At 07:32 Berlin time on Friday, October 30, 2026, Lang & Schwarz indicated Corning stock at EUR 109.74, down 6.87% from the Xetra close of EUR 117.84 on Thursday, October 29.
Corning's third-quarter update pointed to strong demand in its Optical Communications business. According to the company's official release, core sales rose 19% year over year to USD 5.08 billion, while core earnings per share increased 36% to USD 0.91. The company also reported GAAP sales of USD 4.86 billion and GAAP earnings per share of USD 0.78.
Optical Communications sales rose 44% to USD 2.38 billion. Corning said Enterprise Networks sales increased 84%, with generative-AI product sales more than doubling year over year. The figures indicate that data-center and connectivity demand remains an important growth driver, although the release also highlighted mixed performance across other businesses.
For the fourth quarter, management expects core sales of USD 5.2 billion to USD 5.3 billion and core earnings per share of USD 0.96 to USD 1.00. These are non-GAAP measures, so investors should distinguish them from the reported GAAP figures and consider the reconciliation provided by the company.
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