Corning Q3 FY2026: sales up 18.4% to $4.86 billion, core EPS $0.91 tops consensus
Corning cleared the consensus earnings bar and guided the December quarter to another 19.0% core sales increase. Optical Communications did the heavy lifting, with sales up 44.0% on Gen AI demand. Read the numbers in two layers: GAAP sales of $4.86 billion versus core sales of $5.08 billion, a $226 million currency-hedging adjustment. Core EPS of $0.91 beat the $0.8903 consensus; GAAP EPS of $0.78 did not.
1 · Expected vs. Actual
Free preview belowCore EPS of $0.91 rose 35.8% year over year and beat the $0.8903 consensus by about 2.2%. GAAP EPS of $0.78 rose 56.0% but sits below that same consensus figure, because the gap between the two lines is mostly hedging gains and discrete tax items. Which line you compare against consensus decides whether this was a beat or a miss — and the company reports against core.
GAAP sales rose 18.4% year over year to $4.86 billion and 7.8% from the June quarter, the third sequential increase in a row. Strip out the $226 million hedging adjustment and core sales were $5.08 billion, up 19.0%. Almost all of the increase came from one place: Optical Communications added roughly $727 million of sales year over year, against a $755 million total increase.
Management guides December-quarter core sales to $5.2–$5.3 billion, a midpoint of $5.25 billion, and core EPS to $0.96–$1.00. That sales midpoint is 3.3% above the $5.08 billion core figure just delivered. The company frames both as roughly 19% sales growth and 36% EPS growth year over year.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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