Corning Inc.
(NYSE:GLW), a supplier of specialty glass for Apple Inc.'s iPhone and Apple Watch, stock fell sharply Tuesday despite reporting better-than-expected second-quarter 2026 results, as investors focused on revenue guidance that largely matched Wall Street expectations after a year of AI-driven gains.
Corning Delivered Strong Growth Adjusted earnings rose 30% year over year to 78 cents per share, topping analysts' estimates of 76 cents.
Revenue increased 17% to $4.74 billion, ahead of the consensus estimate of $4.61 billion.
Core gross margin expanded 120 basis points to 39.6%, while core operating margin improved 190 basis points to 20.9%.
