CORNING INC /NY Earnings Summary — Q1 2026

• Revenue grew 20% year-over-year to $4.14 billion, marking a significant recovery from the prior year's period.
• Net income more than doubled on a year-over-year basis, rising from $185 million to $408 million.
• Operating income showed healthy expansion to $639 million, though it declined slightly on a sequential basis from Q4 2025.
• The company faced negative non-operating pressure of -$110 million in the quarter, largely offsetting interest income.
• Shares outstanding have remained relatively flat with a minor 0.58% increase YoY, indicating a pause in aggressive buybacks.
• Total operating expenses rose to $889 million, driven primarily by higher SG&A costs of $588 million compared to $471 million YoY.
• The revenue trajectory confirms a return to high-growth cycles following previous downturns in telecom and display segments.

Management remains focused on the 'Springboard' framework to drive high-margin growth through materials science innovation, targeting a return to historical profitability peaks in 2026.

Improving

A clear reversal of the revenue contraction seen in earlier 2024 periods suggests the cyclical bottom has passed, with strong double-digit growth now established.

The company is projected to continue its recovery through 2026, supported by 5G build-outs and Optical Communications demand, though volatility in net margins remains a risk factor.