Corning Inc. (GLW)

NYSEInformation TechnologyHardware, Equipment & PartsSnapshot 2026-10-15

$132.00-4.64%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Corning Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.3%

+10% or more+5%0%−5%−10% or less

4.35 → 4.36 EPS · FY ending Dec 31, 2027 · 11 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 15, 2026 to Oct 15, 2026: (new ÷ prior − 1). Contributor count changed from 10 to 11; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

Three key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Grow core sales and EPS with at least 14% YoY revenue growth	A primary condition in Corning Inc.'s published investment case. The stated target is >=14% YoY revenue growth.	Broken	YoY revenue growth falls below 14% in 2026-Q2	Revenue growth: 16.65% FY2026-Q2; GAAP. Published target: >=14% YoY revenue growth. The target does not explicitly identify fiscal versus calendar quarters. Source published Jul 29, 202616.649404 percent · calculatedSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: da4dc04c-2226-4043-aa6e-587b78657947. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
EPS of about $0.75 next quarter	EPS guidance for next quarter is $0.75, up from $0.7 last quarter.	Intact	EPS falls below $0.73 in 2026-Q2	Diluted EPS: $0.64 per share FY2026-Q2; GAAP. Published target: ~$0.75 EPS. The target does not explicitly identify fiscal versus calendar quarters. Source published Jul 29, 20260.64 USD/share · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: da4dc04c-2226-4043-aa6e-587b78657947. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Expand U.S. optical connectivity capacity 10x	optical capacity 10x to meet this demand.	Improving	Failure to materially progress toward 10x capacity expansion by end 2026	Qualitative progress: $3B AT&T deal + NVIDIA partnership vs 10x target News confirms $3B AT&T deal and NVIDIA partnership advancing U.S. optical connectivity capacity expansion. Context reviewed through Oct 15, 2026Last status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Newly stated in 2026-Q1 and reiterated in 2026-Q2. Management announced a long-term partnership with NVIDIA to expand U.S. optical connectivity manufacturing capacity by 10x and fiber production capacity by over 50% to meet AI-driven demand. This is a strategic capacity expansion with limited direct financial metrics disclosed yet, so delivery is in early stages. Delivery assessment Oct 15, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$4.36

$4.26 → $4.36 · observed estimates

FY2027 revenue$23.00B

$22.54B → $23.00B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$4.26	$22,537,783,869	10 / 8
2026-07-25	$4.26	$22,537,783,869	10 / 8
2026-07-26	$4.29	$22,553,093,190	16 / 9
2026-07-27	$4.26	$22,691,076,245	10 / 7
2026-07-28	$4.29	$22,720,183,870	16 / 10
2026-07-29	$4.31	$22,897,546,074	10 / 8
2026-07-30	$4.28	$22,735,533,870	16 / 10
2026-07-31	$4.30	$22,822,110,750	10 / 9
2026-08-01	$4.30	$22,822,110,750	10 / 9
2026-08-02	$4.30	$22,856,823,010	16 / 11
2026-08-03	$4.30	$22,856,823,010	16 / 11
2026-08-04	$4.30	$22,856,823,010	16 / 11
2026-08-05	$4.31	$22,876,459,370	16 / 11
2026-08-06	$4.30	$22,803,444,084	10 / 9
2026-08-07	$4.30	$22,803,444,084	10 / 9
2026-08-08	$4.32	$22,876,459,370	16 / 11
2026-08-09	$4.32	$22,876,459,370	16 / 11
2026-08-10	$4.30	$22,803,444,084	10 / 9
2026-08-12	$4.32	$22,876,459,370	16 / 11
2026-08-13	$4.30	$22,803,444,084	10 / 9
2026-08-14	$4.30	$22,803,444,084	10 / 9
2026-08-15	$4.30	$22,803,444,084	10 / 9
2026-08-16	$4.30	$22,803,444,084	10 / 9
2026-08-17	$4.30	$22,803,444,084	10 / 9
2026-08-18	$4.30	$22,803,444,084	10 / 9
2026-08-19	$4.30	$22,803,444,084	10 / 9
2026-08-20	$4.32	$22,798,563,770	10 / 8
2026-08-21	$4.32	$22,798,563,770	10 / 8
2026-08-22	$4.32	$22,798,563,770	10 / 8
2026-08-23	$4.32	$22,798,563,770	10 / 8
2026-08-24	$4.32	$22,798,563,770	10 / 8
2026-08-25	$4.32	$22,798,563,770	10 / 8
2026-08-26	$4.32	$22,798,563,770	10 / 8
2026-08-27	$4.32	$22,798,563,770	10 / 8
2026-08-28	$4.32	$22,798,563,770	10 / 8
2026-08-29	$4.32	$22,798,563,770	10 / 8
2026-08-30	$4.32	$22,798,563,770	10 / 8
2026-08-31	$4.32	$22,798,563,770	10 / 8
2026-09-01	$4.32	$22,798,563,770	10 / 8
2026-09-02	$4.32	$22,798,563,770	10 / 8
2026-09-03	$4.32	$22,798,563,770	10 / 8
2026-09-04	$4.32	$22,798,563,770	10 / 8
2026-09-05	$4.32	$22,798,563,770	10 / 8
2026-09-06	$4.32	$22,798,563,770	10 / 8
2026-09-07	$4.32	$22,798,563,770	10 / 8
2026-09-08	$4.32	$22,798,563,770	10 / 8
2026-09-09	$4.35	$22,815,523,500	10 / 9
2026-09-10	$4.35	$22,815,523,500	10 / 9
2026-09-11	$4.35	$22,824,666,358	10 / 9
2026-09-12	$4.35	$22,824,666,358	10 / 8
2026-09-13	$4.35	$22,824,666,358	10 / 8
2026-09-14	$4.35	$22,824,666,358	10 / 8
2026-09-15	$4.35	$22,831,809,215	10 / 8
2026-09-16	$4.35	$22,831,809,215	10 / 8
2026-09-17	$4.35	$22,831,809,215	10 / 8
2026-09-18	$4.35	$22,831,809,215	10 / 8
2026-09-19	$4.35	$22,831,809,215	10 / 8
2026-09-20	$4.35	$22,831,809,215	10 / 8
2026-09-21	$4.35	$22,831,809,215	10 / 8
2026-09-22	$4.35	$22,831,809,215	10 / 8
2026-09-23	$4.35	$22,831,809,215	10 / 8
2026-09-24	$4.35	$22,831,809,215	10 / 8
2026-09-25	$4.35	$22,831,809,215	10 / 8
2026-09-26	$4.35	$22,831,809,215	10 / 8
2026-09-27	$4.35	$22,831,809,215	10 / 8
2026-09-28	$4.35	$22,831,809,215	10 / 8
2026-09-29	$4.35	$22,831,809,215	10 / 8
2026-09-30	$4.35	$22,831,809,215	10 / 8
2026-10-01	$4.34	$22,834,355,267	11 / 9
2026-10-02	$4.34	$22,854,221,934	11 / 9
2026-10-03	$4.34	$22,854,221,934	11 / 10
2026-10-04	$4.34	$22,854,221,934	11 / 10
2026-10-05	$4.34	$22,854,221,934	11 / 10
2026-10-06	$4.36	$22,926,554,764	11 / 10
2026-10-07	$4.36	$22,926,554,764	11 / 10
2026-10-08	$4.36	$22,926,563,438	11 / 10
2026-10-09	$4.36	$22,926,563,438	11 / 10
2026-10-10	$4.36	$22,926,563,438	11 / 10
2026-10-11	$4.36	$23,002,013,028	11 / 10
2026-10-12	$4.36	$23,002,013,028	11 / 10
2026-10-13	$4.36	$23,002,013,028	11 / 10
2026-10-14	$4.36	$23,002,013,028	11 / 10
2026-10-15	$4.36	$23,002,013,028	11 / 10

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	10	5	1
2026-06-01	11	6	2
2026-07-01	11	5	2
2026-08-01	12	5	0
2026-09-01	13	5	0
2026-10-01	13	5	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 13 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Sep 16–Oct 15 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

UBSOct 5 · prior Jul 29

$196.00 → $201.00+2.6%

BernsteinSep 30

$140.00New observation · no comparable prior

$0$110.55$221.10

1 raises · 0 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Grow core sales and EPS with at least 14% YoY revenue growthPublished status: Broken
EPS of about $0.75 next quarterDiluted EPS: $0.64 per share

Next proof point

Oct 27, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

2 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

3.3%Typical daily move · historical

Downside history

-51.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Corning Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a durable compounder, focusing on consistent growth in sales and earnings. The current thesis state is intact, with management executing on their growth strategies and delivering strong results.

What's priced into Corning Inc.

The valuation is considered expensive compared to peers, with a premium of 1.24. The market seems to have priced in a justified level of performance, but there is a slight expectations gap indicating that some growth may already be anticipated.

What the fundamentals likely do

Fundamentals are likely to remain strong, as management has consistently delivered double-digit growth in core sales and earnings per share. However, there is a near-term risk of missing guidance, which could negatively impact sentiment.

What Corning Inc. hinges on

The thesis hinges on several factors, including the potential for the Federal Reserve to cut interest rates, which could benefit GLW. Additionally, the performance of key sector peers and the execution of management's growth plans will be crucial.