GLW Q3 26 Preview: Can Corning beat consensus against a softening smartphone market?

Bernstein previews Corning's fiscal Q3 26 results (due before the open on Tuesday, October 27). The analyst tweaks numbers for the quarter, most notably taking down Glass Innovations estimates, landing at $4.95B in revenue and $0.81 EPS, slightly below consensus of $5.02B and $0.88. The team is particularly concerned about softening smartphone data points, including for Apple, pointing to downside for Glass Innovations (estimates cut from $1.56B to $1.53B). Optical Communications is expected at $2.18B versus consensus $2.21B, with segment net margin of 20.5%; Automotive at $468M with 15% margin; Solar at $479M with 3.0% margin, below consensus;