Today, Corning operates across a diverse set of fast-growing markets, including optical communications, mobile consumer electronics, display technologies, automotive, solar energy, semiconductors, and life sciences. Corning’s shares have climbed sharply as the company has become a vital supplier to the world’s largest AI data centers, and its latest deal with Meta highlights just how important its role has become.Corning is a global leader in materials science, with 175 years of breakthrough innovations tha ...

Corning (NYSE:GLW) Q4 2025 Earnings call January 28, 2026 08:30 AM ET Company ParticipantsAnn Nicholson - VP of Investor RelationsAsiya Merchant - Technology Equity ResearchEd Schlesinger - EVP and CFOGeorge Notter - Managing DirectorJohn Roberts - Managing DirectorJoshua Spector - Executive Director of Chemical Equity ResearchMeta Marshall - Managing DirectorSteven Fox - Founder and CEOTim Long - Managing DirectorWendell Weeks - Chairman and CEOConference Call ParticipantsWamsi Mohan - Senior Equity Resear ...

Group 1 - Corning and Meta Platforms have signed a multi-year agreement worth up to $6 billion to accelerate data centre development in the US [1] - Corning will provide optical fibre, cable, and connectivity products to support Meta's applications and AI efforts [1] - The supply arrangement will lead to an expansion of Corning's production capabilities in North Carolina, particularly at its Hickory optical cable facility, with Meta as the anchor customer [1][2] Group 2 - The contract will facilitate Meta's plans to construct data centres across the US using domestically manufactured technology [2] - Corning expects the expanded operations to boost employment in North Carolina by 15% to 20%, maintaining a workforce exceeding 5,000 [2][4] - Many of the new roles will be linked to large-scale fibre and cable manufacturing plants [2] Group 3 - Corning's chairman and CEO stated that the partnership reflects the company's commitment to develop and manufacture critical technologies for next-generation data centres in the US [3] - The investment will expand Corning's manufacturing footprint in North Carolina and support an increase in employment levels [4] - The latest generation of Corning's optical infrastructure technology is designed to meet the scale requirements of advanced data centres focused on AI [4] Group 4 - The agreement underscores both companies' ongoing investment in US-based manufacturing and technology infrastructure [5] - Meta's chief global affairs officer expressed pride in partnering with Corning for high-performance fibre optic cables needed for AI infrastructure [5] - This collaboration aims to create skilled US jobs, strengthen local economies, and secure the US lead in the global AI race [6]

Flash | 27 Jan 2026 10:16:12 ET │ 10 pages Corning Incorporated (GLW.N) Corning and Meta Announce $6 Billion Multi-Year Agreement to Accelerate DC Buildout; Remain Constructive on Optical Demand CITI'S TAKE Corning and Meta have announced a multiyear $6 billion agreement to accelerate the build-out of advanced data centers in the United States (~1.5bln/yr). Under this agreement, Corning will supply Meta with its newest innovations in optical fiber, cable, and connectivity solutions specifically designed to ...

The artificial intelligence (AI) boom is going to require a whole lot of fiber.Shares of Corning (GLW +15.72%) jumped on Tuesday after the glass maker struck a blockbuster $6 billion deal with Meta Platforms (META +0.09%). By the close of trading, Corning's stock price was up more than 15%. Accelerating the AI revolutionUnder the terms of the deal, Corning will supply Meta with its most advanced optical fiber, cable, and connectivity products. The two companies will work together to build AI data centers fa ...

Corning Inc (NYSE:GLW) shares are up 16.7% to trade at $110.80 at last check, after Meta penned a multiyear fiber-optic supply deal worth up to $6 billion to support U.S. AI data-center expansion. Corning will provide next-generation optical fiber, cable, and connectivity hardware, with plans to ramp manufacturing capacity at its North Carolina facilities.Trading at fresh record highs, today's pop has GLW on track for its best daily percentage gain since April 2004. Longer term, the 100-day moving average h ...

Financial Data and Key Metrics Changes - The company reported record sales of $5,650,000,000 for the second quarter of 2025, representing a 57% increase in U.S. dollars and a 41% organic growth compared to the same quarter in 2024 [3][4] - GAAP diluted EPS reached a record $0.86, up 110% year-over-year, while adjusted diluted EPS increased 84% to $0.81 [8][12] - Operating cash flow was a record $1,417,000,000, or 130% of net income, and free cash flow was $1,122,000,000, or 103% of net income [8][14] Business Segment Data and Key Metrics Changes - Communication Solutions segment sales were $2,910,000,000, up 101% in U.S. dollars and 78% organically, with an operating margin of 30.6% [6][7] - Harsh Environment Solutions segment sales increased by 38% in U.S. dollars to $1,445,000,000, with an operating margin of 25.2% [7] - IT Datacom market represented 36% of sales, growing by 133% in U.S. dollars, driven by demand for AI-related products [28][29] Market Data and Key Metrics Changes - The defense market accounted for 9% of sales, growing 25% in U.S. dollars and 18% organically [16][17] - The commercial aerospace market represented 5% of sales, with a 50% increase in U.S. dollars [18][19] - The automotive market represented 14% of sales, growing 10% in U.S. dollars and 8% organically [22][23] Company Strategy and Development Direction - The company is focused on expanding its presence in RF interconnect and active RF components through acquisitions, including the recent acquisition of Narda Mitek [14][15] - The diversification of end markets allows the company to mitigate risks associated with market volatility [15][16] - The company aims to maintain a conversion margin target of closer to 30% moving forward, reflecting the increased level of technology in its products [36][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of growth in the AI infrastructure market, indicating that approximately two-thirds of growth in IT Datacom was driven by AI [52] - The company anticipates modest sales increases in the third quarter, with guidance for sales in the range of $5,400,000,000 to $5,500,000, reflecting a year-over-year growth of 34% to 36% [31] - Management highlighted strong execution across all end markets, contributing to better-than-expected performance [100] Other Important Information - The company completed a successful $750,000,000 U.S. bond offering and a €600,000,000 bond offering [10] - Total debt as of June 30 was $8,100,000,000, with net debt at $4,800,000,000 [9] Q&A Session Summary Question: Operating margin performance and future targets - Management acknowledged the exceptional operating margin of 25.6% and indicated that future targets may be closer to 30% due to higher technology products and cost control [36][39] Question: Sales mix and technology roadmap - Management confirmed that the sales mix is becoming richer due to high technology products across various markets, not just IT Datacom [41][44] Question: Durability of growth in AI infrastructure - Management indicated that while growth rates may not always be as high as 133%, there are significant future growth opportunities in AI [51][52] Question: Customer concentration in AI business - Management stated that the AI business remains broad and not overly concentrated among a few customers, with continued growth expected [55] Question: Acquisition plans and cash generation - Management confirmed the acquisition of Narda for approximately $300,000,000 and expressed confidence in pursuing more acquisitions in the future [94][95]