$Corning(GLW.US)Context: Corning reported third quarter 2026 sales of US$4.855b and net income of US$680m, alongside nin…
$Corning(GLW.US)
Context: Corning reported third quarter 2026 sales of US$4.855b and net income of US$680m, alongside nine month sales of US$13.504b and earnings growth compared with the prior year. Management also issued guidance for higher core sales and EPS in the fourth quarter.
A multibillion dollar agreement to supply more than 80 million miles of optical fiber to Verizon highlights how Corning is tying its telecom manufacturing footprint directly to long duration demand for broadband and AI infrastructure, while also expanding roles in life sciences and advanced cell culture markets.
My Trade: Patient on this one. Was focused on other stocks so didn't deploy for Corning yet. The bloodbath certainly did not spare the option sector as well.
Takeaway: Not everyone reads Corning the same way. The most cautious analysts focus on the risk that new equity issuance keeps earnings per share muted even if revenue grows. Their pre news models pointed to about US$29.6b of 2029 sales and US$4.9b of earnings. @Captain's Treasure
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