A materials-science company best known for Gorilla Glass, the tough cover screens on many smartphones, plus optical fiber for networks, display glass, and lab glassware sold under brands like PYREX, Falcon, and Axygen. Founded in 1851 as the Bay State Glass Co., it moved to Corning, New York, in 1868 and took the town's name. Its famous Pyrex bakeware began when a scientist's wife baked a cake in a sawed-off battery jar made of heat-resistant railroad-lantern glass.
Q2 2026 revenue rose 20% to $4.144B with net income up 136% to $371M on Optical Communications and Solar growth
and Solar carried Corning's growth again this quarter. rose 20% to $4,144M and rose 136% to $371M as widened 1.7 points to 36.9%, driven by a $506M Optical Communications sales increase and $207M of Solar sales. The company is growing on AI demand but carries $7,718M of as steps up to about $2.0B.
Key takeaways
rose 20% to $4,144M, led by adding $506M and Solar adding $207M versus the year-ago quarter.
rose 136% to $371M and rose 139% to $0.43, though both fell from Q1 2026's $500M and $0.43 respectively as the prior quarter included a larger contribution.
widened 1.7 points to 36.9% as higher profit offset temporary Solar capacity ramp costs that pushed the Solar to a $7M net loss.
Section summaries
Management's Discussion and Analysis
Q2 2026 net sales rose 17% to $4.5B, driven by Optical Communications and Solar, while gross margin held at 36%.
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increased 17% to $4.5B in Q2 2026, led by (+$506M) and Solar (+$207M).
rose 43.6% to $639M but declined 4.9% sequentially from $672M in Q1 2026.
was $362M, up 139.7% but down 65.6% from $1,052M in Q4 2025; H1 2026 operating cash flow reached $2.1B including a $1.0B upfront customer deposit under a long-term supply agreement.
Full-year 2026 are expected to rise to approximately $2.0B from the ~$1.7B planned at the Q1 2026 report.
What changed
Q2 2026 core against the guided ~$4.6B: the company guided $4.6B for Q2 in Q1 2026; reported revenue of $4,144M with the table showing Q2 2025 at $3,862M implies the core figure was not separately stated this quarter but total revenue came in below the $4.6B outlook level.
Full-year 2026 : Q1 2026 guided ~$1.7B; this filing raises the expectation to approximately $2.0B.
Solar margin: Q1 2026 flagged temporary ramp costs rolling off; instead Solar turned to -$7M as ramp costs persisted into Q2.
: rose to $7,718M in Q1 2026 and was $7,718M at Q2 2026 per the table, up 11% , continuing the rise flagged after FY 2025.
Display : FY 2025 fell 5% on yen reset to 120; not separately reported in this Q2 2026 excerpt but no reversal was stated.
What to watch
Q3 2026 core against the next to confirm growth holds as AI demand continues.
Solar as capacity ramp costs roll off and volume builds toward profitability.
Full-year 2026 against the raised ~$2.0B plan as spending steps up from 2025.
trajectory after holding at $7,718M through Q2 2026.
dollars grew 17% to $1.6B, but margin percentage remained flat at 36% as higher profit was offset by Solar ramp-up costs.
surged 77% to $438M on strong Enterprise demand for Generative AI products.
Solar turned negative (-$7M) due to temporarily higher costs to ramp up capacity.
improved to $2.1B in H1 2026, boosted by a $1.0B upfront customer deposit under a long-term supply agreement.
Full-year 2026 are expected to increase to approximately $2.0B.
Quantitative and Qualitative Disclosures About Market Risk
As noted in the 2025 Form 10-K, we operate and conduct business in many foreign countries and as a result are exposed to movements in foreign currency exchange rates. Our exposure to exchange rates has the following effects: •Exchange rate movements on financial instruments and…
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As noted in the 2025 Form 10-K, we operate and conduct business in many foreign countries and as a result are exposed to movements in foreign currency exchange rates. Our exposure to exchange rates has the following effects:
•Exchange rate movements on financial instruments and transactions denominated in foreign currencies that impact earnings; and
•Exchange rate movements upon conversion of net assets and net income of foreign subsidiaries for which the functional currency is not the U.S. dollar.
For a discussion of the Company’s exposure to market risk and how we mitigate that risk, refer to Part II, Item 7A, Quantitative and Qualitative Disclosures About Market Risks, contained in the 2025 Form 10-K. There have been no material changes in our market risk exposure since the disclosures in our 2025 Form 10‑K.
Corning is a defendant in various lawsuits and is subject to various claims that arise in the normal course of business, the most significant of which are summarized in Note 8 (Commitments and Contingencies) in the accompanying notes to the consolidated financial statements. In…
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Corning is a defendant in various lawsuits and is subject to various claims that arise in the normal course of business, the most significant of which are summarized in Note 8 (Commitments and Contingencies) in the accompanying notes to the consolidated financial statements. In the opinion of management, the likelihood that the ultimate disposition of these matters will have a material adverse effect on the Company’s consolidated financial position, liquidity or results of operations, is remote.
In addition to other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A. Risk Factors in Corning’s 2025 Form 10-K, which could materially impact the Company’s business, financial condition or future results. Risks disclos…
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In addition to other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A. Risk Factors in Corning’s 2025 Form 10-K, which could materially impact the Company’s business, financial condition or future results. Risks disclosed in the 2025 Form 10-K are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may materially adversely impact Corning’s business, financial condition or operating results.