Corning reported third quarter 2026 results that exceeded analyst expectations for both top and bottom-line figures, driven by record demand for generative AI connectivity solutions. The company delivered core sales growth of 19% year over year, marking the strongest growth since the inception of its Springboard profitability plan.
Key Highlights
- Optical Communications revenue reached $2.38 billion, up 44% year over year, with Enterprise Network sales surging 84% due to AI data center buildouts.
- Generative AI product sales within the Optical segment grew by more than 100% year over year, outpacing broader GPU unit growth.
- Management secured four major long-term customer agreements during the quarter, including multi-billion dollar contracts with Verizon and AT&T.
- Solar segment sales grew 37% year over year to $436 million, though management noted the production ramp-up is progressing slower than originally anticipated.