Background: Children born preterm are at risk for developing reading difficulties and for decrements in other cognitive skills compared to children born at term. Aims: To assess how domains of function, often negatively impacted by preterm birth, predict reading development in children born preterm and at term. Study design: Longitudinal descriptive cohort study. Subjects: Preterm (n=48; gestational age 22-32 weeks, 30 males) and term (n=41, 18 males) participants were assessed at age 6 years on a battery of verbal and non-verbal cognitive skills and reassessed at age 8 the Gray Oral Reading Tests-5. Linear regressions assessed the contributions of phonological awareness, language, executive function, and non-verbal IQ at age 6 to reading outcome at age 8. Results: Children born preterm had lower scores than children born at term on all measures (Cohen's d from 0.46-1.08, all p<.05). Phonological awareness and language abilities predicted reading in both groups (accounting for 19.9% and 25.0% of variance, respectively, p<.001). Birth group did not moderate the association. By contrast, the association between executive function and non-verbal intelligence and reading outcome was moderated by birth group (interaction accounted for 3.9-6.7% of variance, respectively, p<.05). Positive predictions to reading from executive function and non-verbal IQ were found only in children born preterm. Conclusions: Non-verbal cognitive measures improved the prediction of reading outcome only in the preterm group, suggesting that reading decrements represent a component of global deficits.