Corning's optical fiber sales surge as AI data centers expand
Corning Inc. reported a strong third quarter of 2026, generating $5.1 billion in core revenue, with its optical communications segment climbing 44% to $2.4 billion. AI‑related sales more than doubled year over year, lifting the segment’s net income to $532 million and contributing most of the company’s total profit of $795 million. The firm’s new Multicore Fiber cable, which packs four cores…
Key points
- Corning's Q3 2026 core revenue reached $5.1 billion, with optical communications up 44% to $2.4 billion
- Meta and Amazon each plan to spend about $6 billion on Corning's optical connectivity solutions
- Corning's stock rose 44% in 2026, while Nvidia's stock is up only 16% YTD
Corning’s stock has risen 44% so far in 2026, far outpacing Nvidia’s 16% gain despite Nvidia’s market cap swelling to over $5.2 trillion. The company hit a $20 billion annual run‑rate revenue, aiming for $30 billion by the end of 2028 and $40 billion by 2030. At a price‑to‑earnings ratio of 40.6 versus Nvidia’s 27.5, analysts see the current price as potentially attractive, especially if earnings grow from $3.11 per share to $4.40 per share in 2027 as projected. The article notes the stock could be a good long‑term buy, but stresses a long‑term view is essential.
The story so far
7 episodes →- Corning's optical fiber sales surge as AI data centers expandthis story
Meet the Brilliant AI Stock Obliterating Nvidia in 2026 With a Return of 44%
fool.com · 30 October 2026
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