Corning (NYSE: GLW) will announce its Q2 2016 earnings results on Wednesday, July 27th. Corning’s Q1 2-16 sales declined by 10.7% year-on-year due to lower volume and pricing in display technologies, foreign currency translation losses, and the software implementation issue in its optical communications department. We expect that the company’s core sales, including Display Technologies, Optical communications and Specialty materials, grew sequentially in Q2 2016, driven by improvement in overall glass and specialty material markets. However, we may see a year-on-year decline in the volume of Optical Communications, as the prior year quarter included some service oriented business that did not repeat. Additionally, the software implementation issue may have had some impact on Q2 sales as well. The only segment where we are expecting a decline sequentially for Corning is Environmental Technologies, as the heavy duty truck market, which was declining for the last few quarters, did not show any signs of improvement in Q2.

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