[Guotai Haitong Communications] Corning Q2 2026 earnings beat expectations; Q3 guidance brings end-2026 annualized sales run-rate target of $20 billion closer

English summary

[GLW Q2] Financial metrics comparison: actual vs. market expectations. Q2 core sales: $4.74B (yoy +17.1%) vs. $4.65B. EPS: $0.78 (yoy +30%) vs. $0.76. GAAP revenue: $4.51B (yoy +16.6%) vs. $4.50B. Q2 operating profit/net profit: $0.70B / $0.56B vs. $0.77B / $0.56B. Optical communications revenue: $2.07B (yoy +32.3%) vs. $2.01B (yoy +28.4%). Q3 core sales expected at $4.9-5.0 billion, yoy +16%, market expects ~$5.0 billion; upper end meets market expectations, midpoint of $4.95B slightly below expectations; core EPS expected at $0.85-0.89, yoy +28%, lower bound of $0.85 in line, midpoint of $0.87 above expectations. AI optical communications business remains strong.…