Why Shares of Corning Are Tumbling Lower Today
Corning reported Q3 2026 results that beat analyst expectations with $5.08B in core sales and $0.91 EPS, but shares fell as investors focused on disappointing solar business performance. The solar division saw flat revenue at $436M and a $7M net loss, reversing prior year profitability. Despite strong overall results and positive Q4 guidance, the stock trades at 30.8x forward earnings, prompting caution from investors.