Corning Incorporated (GLW) Q2 FY2026 8-K Filings and Company Events

Filings that contain financial statements

• Form 8-K, accession 0000024741-26-000253 (filed July 28, 2026, covering the second quarter ended June 30, 2026), Exhibit 99 furnishes the unaudited consolidated statements of income, balance sheets, and statements of cash flows for the three and six months ended June 30, 2026 (with June 30, 2025 comparatives), plus segment results and GAAP/non-GAAP reconciliations.
• Form 8-K, accession 0000024741-26-000198 (filed April 28, 2026, covering the first quarter ended March 31, 2026), Exhibit 99.1 furnishes the unaudited consolidated statements of income, balance sheets, and statements of cash flows for the three months ended March 31, 2026 (with March 31, 2025 comparatives), plus segment results recast for the new segment structure (Exhibit 99.2 has further detail on the recast).
• Form 8-K, accession 0000024741-26-000034 (filed January 28, 2026, covering the fourth quarter and full year ended December 31, 2025), Exhibit 99 furnishes the unaudited consolidated statements of income, balance sheets, and statements of cash flows for the three months and year ended December 31, 2025 (with 2024 comparatives), plus segment results.

Earnings and Guidance

Second-quarter 2026 (reported July 28, 2026; accession 0000024741-26-000253). Corning reported GAAP net sales of $4.51 billion (up 17% year over year) and GAAP diluted EPS of $0.64 (up 19%). Core (non-GAAP) sales were $4.74 billion, up 17%, and core EPS was $0.78, up 30%. GAAP operating cash flow was $1.72 billion and adjusted free cash flow was $1.42 billion. Optical Communications sales grew 32% to $2.07 billion, driven by Enterprise Networks and Gen AI product demand; Solar sales grew 90% following an extended maintenance shutdown at the solar wafer facility, with management expecting improved profitability in the third quarter. For the third quarter of 2026, management guided to core sales growth of approximately 16% year over year, to a range of $4.9–$5.0 billion, and core EPS growth of approximately 28%, to a range of $0.85–$0.89.

First-quarter 2026 (reported April 28, 2026; accession 0000024741-26-000198). GAAP sales were $4.14 billion (up 20% year over year) and GAAP EPS was $0.43 (up 139%). Core sales were $4.35 billion, up 18%, and core EPS was $0.70, up 30%. Optical Communications sales grew 36% and Solar sales grew 80% year over year. The company disclosed that two additional hyperscale customers had entered into large, long-term agreements similar in size and duration to its previously announced multiyear, up-to-$6 billion agreement with Meta. Guidance for the second quarter called for core sales growth of approximately 14% to about $4.6 billion and core EPS growth of approximately 25% to a range of $0.73–$0.77, including an incremental $30 million of expense from an extended solar-wafer facility maintenance shutdown.

Fourth-quarter and full-year 2025 (reported January 28, 2026; accession 0000024741-26-000034). Fourth-quarter GAAP sales were $4.22 billion and GAAP EPS was $0.62; core sales were $4.41 billion (up 14% year over year) and core EPS was $0.72 (up 26%). Full-year 2025 GAAP sales were $15.63 billion and GAAP EPS was $1.83; core sales were $16.41 billion (up 13%) and core EPS was $2.52 (up 29%). The release also disclosed the previously announced multiyear, up-to-$6 billion agreement between Corning and Meta. Management guided first-quarter 2026 core sales to grow approximately 15% to a range of $4.2–$4.3 billion, with core EPS in a range of $0.66–$0.70, and announced an upgrade to its "Springboard" growth plan, targeting $11 billion in incremental annualized sales by the end of 2028 (up from an original $8 billion) and $6.5 billion (internal plan) or $5.75 billion (high-confidence plan) in incremental annualized sales by the end of 2026.

Third-quarter 2025 (reported October 28, 2025; accession 0000024741-25-000109) and second-quarter 2025 (reported July 29, 2025; accession 0001628280-25-036303) earnings releases were also furnished on Form 8-K but are superseded by the more recent quarters above for current analysis.

Segment structure change. Effective in the first quarter of 2026, Corning revised its segment reporting structure, combining its former Display and Specialty Materials segments into a new "Glass Innovations" segment, and combining Hemlock Semiconductor Group with its solar wafer and module businesses into a new "Solar" segment. Optical Communications and Automotive were unchanged, and businesses below the reporting threshold were grouped into "Life Sciences and Emerging Growth Businesses." The company voluntarily furnished recast historical segment data for 2024 and 2025 in an exhibit to its April 28, 2026 Form 8-K (accession 0000024741-26-000198); the recast does not change consolidated GAAP net income, EPS, operating income, or total assets or liabilities for any prior period.

Strategic customer partnerships (AI infrastructure buildout)

On May 6, 2026, Corning and NVIDIA announced a multiyear commercial and technology partnership under which Corning will expand its U.S.-based optical connectivity manufacturing capacity 10x and its U.S. fiber production capacity by more than 50%, including construction of three new manufacturing facilities in North Carolina and Texas and the creation of more than 3,000 jobs (accession 0001206774-26-000273). In connection with the partnership, Corning issued NVIDIA warrants to purchase up to 18 million shares of common stock (15 million at an exercise price of $180.00 per share and 3 million pre-funded at $0.0001 per share) for an aggregate purchase price of $500 million, under a securities purchase agreement dated May 6, 2026 (accession 0001206774-26-000273).

Corning's first-quarter 2026 results disclosed that two additional hyperscale customers had signed large, long-term agreements comparable to its earlier multiyear, up-to-$6 billion agreement with Meta (first disclosed with the fourth-quarter 2025 results). In its second-quarter 2026 earnings release, Corning also disclosed a new multiyear, multibillion-dollar agreement with Amazon for optical fiber, cable, and connectivity solutions supporting Amazon's U.S. data center expansion (accession 0000024741-26-000253).

Capital structure and financing

On July 28, 2025, Corning entered into a new $1.5 billion revolving credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, replacing its prior $1.5 billion credit agreement dated June 6, 2022. The new agreement is scheduled to terminate July 28, 2030 (extendable up to two additional years) and includes a covenant limiting consolidated debt to consolidated total capital to 0.60 to 1.00. No amounts were outstanding under either the prior or new facility at signing (accession 0001206774-25-000489).

On September 11, 2026, Corning entered into an equity distribution ("at-the-market") agreement with Goldman Sachs & Co. LLC to sell up to $2.0 billion of common stock from time to time, with Goldman Sachs earning a 1.0% commission on shares sold as agent. Proceeds are intended for general corporate purposes. Sales will be made under Corning's shelf registration statement filed April 24, 2026 (accession 0001193125-26-389321).

Governance

At its Annual Meeting of Shareholders on April 30, 2026, Corning shareholders elected all ten director nominees, approved (on an advisory basis) the company's executive compensation, ratified PricewaterhouseCoopers LLP as independent auditor for 2026, and rejected a shareholder proposal to require an independent board chair (accession 0001206774-26-000265).

On October 7, 2025, Corning's board elected Ami Badani as a director, effective immediately, appointing her to the Information Technology Committee and the Finance Committee (accession 0001206774-25-000710).

Acquisitions

Corning's April 2025 acquisition of a U.S. solar module manufacturing facility, now part of the Solar segment, remains on the balance sheet: per the 10-Q (accession 0000024741-26-000255, Note 5), the related contingent consideration liability was $156 million at June 30, 2026, up from $136 million at December 31, 2025.

Not reflected in recent SEC filings

No 8-K in the filings reviewed discloses any completed or pending merger or acquisition transaction by Corning; the "acquisition-related costs" reconciling items in the earnings releases pertain to amortization and other effects of past, previously disclosed transactions rather than a new deal. No dividend increase, share buyback authorization, or restructuring/impairment program beyond the routine reconciling items in the earnings releases was disclosed in these filings.