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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(NYSE:GLW) on Tuesday reported better-than-expected second-quarter 2026 results.</p>\n<p>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.</p>\n<p>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.</p>\n<p>Corning shares gained 0.2% to trade at $126.25 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Corning following earnings announcement.</p>\n<ul>\n<li>JP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $200 to $170.</li>\n<li>Barclays analyst Tim Long maintained the stock with an Equal-Weight rating and lowered the price target from $180 to $129.</li>\n<li>Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $240 to $220.</li>\n<li>Mizuho analyst John Roberts maintained the stock with an Outperform rating and cut the price target from $270 to $210.</li>\n</ul>\n<p><strong>Considering buying GLW stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"303\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-1024x303.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-1024x303.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-300x89.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-768x227.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860.png 1167w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Cut Their Forecasts On Corning Following Q2 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Cut Their Forecasts On Corning Following Q2 Earnings\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2026-07-29 23:20</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong>Corning Inc</strong>. (NYSE:GLW) on Tuesday reported better-than-expected second-quarter 2026 results.</p>\n<p>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.</p>\n<p>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.</p>\n<p>Corning shares gained 0.2% to trade at $126.25 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Corning following earnings announcement.</p>\n<ul>\n<li>JP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $200 to $170.</li>\n<li>Barclays analyst Tim Long maintained the stock with an Equal-Weight rating and lowered the price target from $180 to $129.</li>\n<li>Citigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $240 to $220.</li>\n<li>Mizuho analyst John Roberts maintained the stock with an Outperform rating and cut the price target from $270 to $210.</li>\n</ul>\n<p><strong>Considering buying GLW stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"303\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-1024x303.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-1024x303.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-300x89.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860-768x227.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/29111951/image-860.png 1167w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CNAV","symbol_name":"Mohr Company Nav ETF","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/07/60766299/these-analysts-cut-their-forecasts-on-corning-following-q2-earnings","article_id":"2655891707","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2655891707","pubTimestamp":1785338418,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Corning Inc (GLW) reported strong Q2 results, with adjusted earnings and revenue beating estimates. 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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.\nCorning shares gained 0.2% to trade at $126.25 on Wednesday.\nThese analysts made changes to their price targets on Corning following earnings announcement.\n\nJP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $200 to $170.\nBarclays analyst Tim Long maintained the stock with an Equal-Weight rating and lowered the price target from $180 to $129.\nCitigroup analyst Asiya Merchant maintained the stock with a Buy and lowered the price target from $240 to $220.\nMizuho analyst John Roberts maintained the stock with an Outperform rating and cut the price target from $270 to $210.\n\nConsidering buying GLW stock? 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