Corning slides as Q2 outlook and solar-wafer shutdown costs weigh on sentiment
GLW•Corning shares are sliding as investors continue to digest the company’s Q1 2026 update and outlook, which pointed to Q2 core sales of about $4.6 billion and core EPS of $0.73–$0.77. The guidance embeds an extra ~$30 million of Q2 costs tied to an extended maintenance shutdown at its solar wafer facility, pressuring near-term profit expectations.
1. What’s moving the stock
Corning (GLW) is down about 3% in Friday trading as the market continues to re-price the stock after the company’s first-quarter 2026 results and forward outlook. The key overhang is Corning’s Q2 forecast: core sales of roughly $4.6 billion and core EPS of $0.73 to $0.77, which investors are treating as not strong enough to justify the stock’s steep rerating earlier this year. (stocktitan.net)
