Corning Incorporated

GLW

Corning Incorporated

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Corning Incorporated.

R40: 45 · 2026 Q2 $133.70B
$152.80
News

Coverage

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Open GLW Rule of 40 details
Median 28.3 Above 40 0–40 Below 0
21
Q3
27
2024 Q4
14
Q1
29
Q2
32
Q3
35
2025 Q4
21
Q1
45
2026 Q2 40 0 Mix
ANALYST RATINGS
Buy $191
Consensus as of Aug 27, 2026
GLW
J.P. Morgan Hold
Maintains
2026-08-26
Truist Financial Buy $175
Upgrades
2026-08-02
Susquehanna Buy $220
Reiterates
2026-07-29
Morgan Stanley Hold $165
Maintains
2026-07-29
Bank of America Securities Buy $200
Reiterates
2026-07-29

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Forward model

Where the revenue goes next

GLW FORWARD MODEL $152.47 +0%
Earnings coverage

Latest earnings

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Background

Company History

Exchange
NYSE
IPO Date
Dec 1, 1936
Shares Outstanding
875.0M
1851
Origins in glass

Corning traces its origins to a glass business established in 1851; the present corporation was incorporated in the State of New York in December 1936.

1989
Corning Glass Works becomes Corning Incorporated

The company changed its name on 28 April 1989, reflecting a portfolio that had grown well beyond glassware.

2023
The Springboard plan

Introduced in the third quarter of 2023: a high-confidence plan to add $3 billion of incremental annualised core sales by the end of 2026, with a core operating margin target of 20%.

2025
Both Springboard targets hit a year early

Corning said the fourth quarter of 2025 - the plan's second anniversary - delivered both the growth and the 20% core operating margin targets a full year ahead of schedule.

2025
Springboard upgraded to $4 billion

In March 2025 Corning raised the incremental annualised core sales target from $3 billion to $4 billion.

2026
Amazon and NVIDIA

In the June 2026 quarter Amazon signed a multiyear, multibillion-dollar agreement for the fibre, cable and connectivity in its US data centres, and NVIDIA signed a long-term partnership under which Corning expands US optical connectivity capacity 10x and US fibre capacity by more than 50%.

2026
Meta signs an up-to-$6-billion agreement

Announced with the Q4 2025 results in January 2026: a multiyear partnership under which Meta buys fibre-optic cable for its US AI data centres.

2026
New segment structure

From the first quarter of 2026 Corning combined Display and Specialty Materials into a Glass Innovations segment and created a Solar segment around Hemlock Semiconductor; prior periods were recast.

2026
Springboard upgraded again

At the May 2026 investor day Corning set a $20 billion annualised sales run rate by the end of 2026, $30 billion by the end of 2028 and $40 billion by the end of 2030, with a 19% sales CAGR from Q4 2026 to Q4 2030.

Leadership

Key Players

Wendell P. Weeks
Chairman, CEO & President
Joined Corning in 1983 in the finance group, ran the Optical Fiber business from 1996 and Optical Communications from 2001, became president and COO in 2002, CEO in 2005 and chairman in 2007. Author of the Springboard plan introduced in Q3 2023 and upgraded at the May 2026 investor day to a $40 billion annualised run rate by the end of 2030. Also sits on Amazon's board - the same Amazon that signed a multibillion-dollar data-centre fibre agreement with Corning in Q2 2026.

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Edward A. Schlesinger
EVP & Chief Financial Officer
Joined Corning in 2013 as CFO of Corning Optical Communications, became corporate controller in 2015 and EVP and CFO in 2022. Owns the core operating margin target of 20% by the end of 2026, which Corning says it hit a year early, and the free-cash-flow build behind the Springboard plan.
Avery H. Nelson III
EVP & Chief Operating Officer
Runs the operations side of the capacity build Corning has committed to - a 10x expansion of US optical connectivity manufacturing and a more than 50% expansion of US fibre production under the NVIDIA partnership announced in Q2 2026.
Jaymin Amin
SVP & Chief Technology Officer
Joined Corning in 1997 as a senior research scientist, led product and process development for Gorilla Glass, and now runs the research organisation behind the optical and glass-ceramic products the Springboard plan sells.
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