Corning (NYSE:GLW) reports third-quarter results before the open on Tuesday, Oct. 27, after shares fell 19.93% over the past month and trade at about 38x 2026 consensus EPS. Last quarter core EPS of $0.78 beat the $0.7538 estimate for a fifth straight quarter, but revenue of $4.505 billion missed the $4.63 billion consensus despite 16.6% growth. Optical Communications sales rose 32% to $2.072 billion, and management raised its Springboard Plan to annualized sales run rates of $20 billion by end-2026, $30 billion by 2028 and $40 billion by 2030. The article says the report must show whether Optical growth stays at 30%-plus and whether new hyperscaler deals with Meta Platforms, Amazon and NVIDIA follow. Solar posted a $7 million net loss after a $30 million expense from a wafer shutdown, while capital spending is rising.
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