Corning shares rose 8.11% to $166.81 after Verizon announced a multibillion-dollar agreement to buy more than 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032. The products are intended to support Verizon's goal of 40 million to 50 million broadband passings, as well as long-haul networks linking homes, businesses and AI hyperscale data centers. Corning shares were down 0.52% at $165.10 in Wednesday premarket trading. The agreement extends the companies' three-decade relationship and follows Corning's 2026 partnerships with Meta Platforms, Nvidia and Amazon. Corning's optical communications segment reported second-quarter revenue of $2.07 billion, up 32% year on year, while segment net income rose 77% to $438 million. Analysts estimate Corning will report earnings per share of 87 cents and revenue of $4.99 billion for its estimated October 27, 2026 earnings release.