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- Buy Corning on Solid Q3 Earnings, Guidance and AI Photonics Space Rally
Corning reported third-quarter 2026 core earnings of 91 cents per share, up 36% year over year and above the Zacks Consensus Estimate of 89 cents, while core revenue rose 19% to $5.08 billion. Optical Communications sales jumped 44% to $2.38 billion on AI infrastructure demand, and Enterprise Networks revenue rose 84%. Core gross margin expanded 150 basis points to 40.5%. For the fourth quarter of 2026 the company guides core sales of $5.2 to $5.3 billion and targets a $30 billion annualized sales run rate by the end of 2028. Zacks ranks Corning #1 (Strong Buy), and the average short-term brokerage target implies a 41.6% increase from the $131.20 last close.
- Why Shares of Corning Are Tumbling Lower Today
Corning reported third-quarter 2026 results before the market opened, with core sales of $5.08 billion, above analysts' expectations of $5.03 billion, and core EPS of $0.91 versus the $0.88 anticipated. Core sales rose 19% year over year, but the solar business posted $436 million in revenue, down from $438 million in Q2 2026, and a $7 million net loss, compared with $30 million in net income in the same period of 2025. Shares, which had fallen as much as 4.7% earlier, were down 1% as of 1:08 p.m. ET. The article notes management had expected solar revenue and profitability to improve in Q3, and that Corning projects fourth-quarter sales growth of about 19% and EPS growth of 36% year over year. With shares trading at 30.8 times forward earnings, the article suggests investors may consider waiting for a further pullback.
- Corning Stock Has Lost Half Its Value Since June. Is It a Buy Before Its Next Report?
Corning shares have fallen about 51% from their June 29 record of $255.69 to roughly $125, even though second-quarter core earnings per share rose 30% and management forecast around 28% growth in the third quarter. The article attributes much of the decline to a rally that ran ahead of the business, following a Nvidia partnership and an Amazon supply deal, along with an agreement to issue up to $2 billion in new shares. Optical communications sales rose 32% to $2.07 billion in Q2, about 44% of total sales and the main driver of core sales growth. At the current price, the stock trades at about 44 times adjusted earnings over the past four quarters and about 29 times analysts' 2027 consensus estimate, under half its June peak P/E. The author sees the sell-off as making the stock worth a closer look, while flagging risks from reliance on AI data center spending by a few tech giants and possible dilution from share issuance.
- Can AI Fiber Still Deliver? Corning Faces High-Stakes Q3 Earnings Test Oct. 27 as Valuation Stretches
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.
- Corning vs. Honeywell International: Which Stock Is a Better Buy in 2026?
The article compares Corning (GLW) and Honeywell International (HON) using fiscal 2025 figures. Corning reported revenue of nearly $15.6 billion, up about 19.1%, and net income of roughly $1.6 billion, versus $506 million in 2024; its free cash flow was nearly $1.4 billion. Honeywell posted revenue of nearly $37.4 billion, up about 7.8%, but net income fell to roughly $4.7 billion from nearly $5.7 billion, with net margin dropping to about 12.6% from 16.4%; its free cash flow was nearly $5.4 billion. The article flags Corning's customer concentration, with two customers accounting for nearly 28% of optical sales, and Honeywell's litigation, including securities class actions and matters related to Flexjet. It also says Corning's optical communications revenue grew more than 30% year over year in Q2 2026.
- Corning (GLW) Stock Could Be 31% Below Fair Value As AI Fiber Demand Builds
Corning shares have risen 436.5% over the past three years on AI infrastructure demand, raising the question of whether the current price of $134.92 is backed by its cash flows. The article's discounted cash flow model, based on about $2.5b in latest twelve-month free cash flow and projected growth through 2030, gives an intrinsic value above the current share price. It argues that the long-term Meta supply agreement and AI data center work shown at the 2026 OCP Summit may already be largely reflected in the stock. The piece also points to Corning's 61.2x P/E as a different valuation view and directs readers to Simply Wall St Narratives to compare the assumptions behind the price.
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- Should You Buy Qualcomm Stock Before Its Nov. 4 Report?
Qualcomm shares fell 11% on Oct. 30 to close at $164.79 amid a chip sell-off triggered by Intel's weaker fourth-quarter revenue forecast and its warning that the PC slowdown could last until at least mid-2027. Handset chip revenue dropped 20% in the June quarter to $5.1 billion, hurt by tight memory supply and a much lower expected share of new iPhone launches, and Qualcomm forecast Apple revenue falling about 50% from the September to the December quarter. Guidance for fiscal fourth-quarter revenue is $9.7 billion to $10.5 billion, with non-GAAP EPS of $2.05 to $2.25. Two custom chip deals with large cloud companies are expected to start generating revenue in the December quarter, while automotive sales rose 61% to a record $1.6 billion. The author says the stock trades at about 17 times expected fiscal 2027 earnings, a little below the S&P 500's roughly 19 times, and is not in a rush to invest before the report, preferring to watch actual data center revenue.
- New Over-the-Horizon Radar in Kaliningrad Could Monitor All of Europe
According to German media, Europe is concerned about a new Russian over-the-horizon radar being completed near Gvardeysk in Kaliningrad. NATO estimates the system could observe targets more than 3,000 km away, potentially covering all of Europe, although Russia has not published its technical specifications. The system is expected to detect ballistic missiles and NATO aircraft, spot low-flying targets including drones, and carry out electronic reconnaissance. Europe is preparing countermeasures such as surveillance systems on offshore wind farms in Poland and reconnaissance satellites from Germany and Finland, while NATO officials reportedly reassure themselves that the radar is very large and easy to destroy if necessary.
- Legendary Investor Who Profited From the 2008 Crisis Unexpectedly Bets on a Teddy Bear Retailer
Michael Burry, the investor known for shorting ahead of the 2008 financial crisis, is optimistic about Build-A-Bear Workshop (BBW), according to a Substack analysis reported by Business Insider, and he disclosed holding the stock since August 2026. The shares, which topped $75 in 2025, now trade around $25, down more than 50% so far in 2026. Burry argues the market underestimates the company's restructuring and notes that about 25% of its free float is sold short, which could set up a short squeeze. He estimates a market capitalization below $300 million, no financial debt and EBITDA of about $80 million. However, fiscal Q2 2026 revenue fell 7.2% to $115.3 million, and the company cut its full-year revenue forecast to $500–525 million.
- Stock Market Today, Nov. 3: Markets Edge Higher as Semiconductor Stocks Rebound
The Nasdaq Composite rose 0.83% to 25,372 and the S&P 500 gained 0.36% to 7,569 as semiconductor stocks rebounded, while the Dow Jones Industrial Average slipped 0.38% to 51,787. Gold fell 0.48% to $3,928.06 at the U.S. market close, and the 10-year Treasury yield rose to 4.97%. Fiserv jumped 12.46% after beating expectations and raising its annual cost-savings targets, while AMD rose over 9% after hours on strong data center demand. Shopify fell sharply after its first revenue miss in four years, and Gartner dropped 13.19% on slower subscription growth. The article says earnings were the main market driver, though investors remain cautious about AI valuations and revenue.
- Is Palantir Stock a Buy After its Latest Earnings Report?
Palantir shares fell more than 5% after the third-quarter report and are now 16% below their all-time high, as investors worried that total contract value (TCV) rose just 6% year over year after a 49% jump in the second quarter. Third-quarter revenue reached $2.31 billion, up 96%, with U.S. commercial revenue rising 148% to $984 million, and for the first time it exceeded U.S. government revenue. TCV reached $2.92 billion; CFO Dave Glazer said several large contracts were shorter than usual as customers began adopting its Sovereign AI capabilities, and the company expects these agreements to grow in size and duration. Total remaining deal value rose 55% to $13.4 billion, and the company raised its full-year revenue guidance to about 91% growth. The author says the valuation remains high at 108x forward P/E and 51x forward price-to-sales, but still holds the shares and sees the long-term opportunity as larger than any single year's price target.
- Bitcoin vs Nvidia: $10,000 Invested 5 Years Ago, Which Is Worth More Now?
A $10,000 investment in NVIDIA made on November 3, 2021 had grown to about $76,300 by November 2, 2026, a 663% gain, while the same amount in Bitcoin had reached only about $12,200. The article attributes the gap to NVIDIA's earnings growth: fiscal 2026 revenue was $215.9 billion, up 65.5%, whereas Bitcoin has no revenue structure and its price depends solely on market demand. Bitcoin traded at $77,609, down about 38.4% from its all-time high of $126,080, while NVIDIA fell 13.6% over the month to November 2. Both assets are affected by investor risk sentiment and the rise of AI, as major cloud companies plan nearly $800 billion in 2026 capital projects. The author notes that if NVIDIA's future earnings fall short of expectations, both assets could trend lower.
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