Nvidia is investing $500 million in Corning as part of a partnership with the glassmaker to expand manufacturing of fiber optics for AI infrastructure.
Corning is opening three new advanced manufacturing plants in the U.S. dedicated entirely to optical technologies for Nvidia. The partnership brings together two of the infrastructure companies benefiting the most from the artificial intelligence boom.
Here is how Corning (GLW) and Arrow Electronics (ARW) have performed compared to their sector so far this year.
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Corning NYSE: GLW has been one of the most impressive stories in the market this year. The stock had surged close to 80% year to date heading into Tuesday's Q1 2026 earnings report.
Corning Incorporated (GLW) Q1 2026 Earnings Call Transcript
GLW posts Q1 revenue beat with 18% growth, powered by Gen AI demand and surging solar sales, as margins expand and outlook signals continued momentum.
The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Corning (GLW) came out with quarterly earnings of $0.7 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.54 per share a year ago.
Corning reported better-than-expected first-quarter results but issued a softer revenue outlook for the current quarter, weighing on investor sentiment and halting a recent rally in optical communications stocks. The company posted adjusted earnings of 70 cents per share for the quarter, edging past analysts' estimate of 69 cents, according to FactSet.
The specialty materials and glass-technology company more-than-doubled net income to $371 million, or 43 cents a share, in the first quarter compared with $157 million, or 18 cents a share, in the same quarter a year ago.
Investors are watching Corning (NYSE: GLW | GLW Price Prediction) ahead of its Q1 2026 results, expected before tomorrow's open.