Corning Stock Crashed 46% in July Despite Amazon, Nvidia, and Verizon Deals

Earnings
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Summary · why it matters

Corning's stock fell 45.88% in July 2026, from $254.95 to $137.99, even as the company announced multibillion-dollar fiber agreements with Amazon, Nvidia, and Verizon. The selloff was triggered by a 2.69% revenue miss in Q2, despite a fifth consecutive EPS beat and free cash flow surging 255.75% to $1.423 billion. CEO Wendell Weeks targets $40 billion in annualized sales by 2030, with Q3 EPS guided 28% higher. The stock has since recovered, up 13.01% over the past week and 92.93% year to date.

Impact on stocks 4

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Corning Incorporated
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Corning's stock fell 45.88% in July due to a Q2 revenue miss, despite EPS beat and strong cash flow.

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