These Analysts Cut Their Forecasts On Corning Following Q2 Earnings

Benzinga Earnings
07/29

Corning Inc. (NYSE:GLW) on Tuesday reported better-than-expected second-quarter 2026 results.

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.

For the third quarter, Corning expects adjusted earnings of 85 cents to 89 cents per share, compared with analysts’ estimate of 85 cents. The company forecast revenue of $4.9 billion to $5.0 billion, representing about 16% year-over-year growth and broadly in line with the consensus estimate of $4.97 billion.

Corning shares gained 0.2% to trade at $126.25 on Wednesday.

These analysts made changes to their price targets on Corning following earnings announcement.

  • JP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $200 to $170.
  • Barclays analyst Tim Long maintained the stock with an Equal-Weight rating and lowered the price target from $180 to $129.
  • Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $240 to $220.
  • Mizuho analyst John Roberts maintained the stock with an Outperform rating and cut the price target from $270 to $210.

Considering buying GLW stock? Here’s what analysts think:

Photo via Shutterstock

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