-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Corning delivered robust Q1 2026 results, with core EPS growing 30% Y/Y to $0.70 on core sales of $4.35B (+18% Y/Y), led by exceptional Optical Communications demand. Optical Communications posted 36% Y/Y growth to $1.846B, with segment income surging 93% Y/Y to $387M, reflecting accelerating fiber optics adoption in AI data centers. The announcement of two additional hyperscale customer agreements, similar in scope to the Meta partnership, significantly strengthens GLW's position in the AI infrastructure buildout and validates our thesis that fiber optics represents a critical bottleneck. Management provided constructive Q2 2026 guidance of ~$4.6B in core sales (+14% Y/Y) and core EPS of $0.73-$0.77 (+25% Y/Y). We expect continued momentum as the company upgraded its Springboard plan to $11B in incremental sales by 2028 from $8B, with core operating margin reaching 20.2% (+220 bps Y/Y), demonstrating strong execution of the AI infrastructure strategy.