Corning Stock Price, News & Analysis

Corning (NYSE: GLW) and Samsung Electronics have announced their collaboration on the upcoming Galaxy S25 Edge, which will feature the new Gorilla® Glass Ceramic 2. This innovative display material combines advanced glass technology with embedded crystals, designed specifically for Samsung's slimmest Galaxy S series device yet.

The new glass ceramic material offers enhanced durability through improved crack deflection capabilities while maintaining high optical transparency. The material is further strengthened through Corning's ion exchange process, delivering exceptional durability in a sleek design. The Galaxy S25 Edge launch event will be livestreamed on Samsung's YouTube channel on May 13, 2025 at 9:00 a.m. KST (May 12, 8:00 p.m. EDT).

Corning (NYSE: GLW) has announced a quarterly dividend of $0.28 per share, which will be paid on June 27, 2025, to shareholders of record as of May 30, 2025. This regular dividend announcement demonstrates the company's continued commitment to returning value to shareholders through consistent dividend payments.

Corning (NYSE: GLW) announced significant leadership changes as President and COO Eric Musser plans to retire after 39 years of service. The company revealed strategic promotions: Hal Nelson will become COO, Lewis Steverson has been elected vice chairman, and John Zhang will serve as chief corporate development officer. These changes support Corning's Springboard plan, which aims to add over $4 billion in annualized sales and achieve 20% operating margin by 2026. Under Musser's leadership since 2020, Corning successfully navigated the pandemic and implemented key operational improvements, reaching record productivity levels. The new leadership team, including CFO Ed Schlesinger, will focus on executing the company's growth strategy through its Market-Access Platforms and maintaining operational excellence.

Corning reported strong Q1 2025 results with core sales up 13% to $3.7 billion and core EPS rising 42% to $0.54. The company's Enterprise segment saw remarkable 106% growth, driven by strong demand for Gen AI products.

Key highlights:

• Core operating margin expanded 250 basis points to 18%
• Optical Communications sales grew 46% to $1.36 billion
• Display sales increased 4% to $905 million
• Specialty Materials rose 10% to $501 million

For Q2 2025, Corning expects core sales of approximately $3.85 billion and core EPS between $0.55-$0.59, factoring in $0.01-$0.02 impact from tariffs and $0.03 in temporary costs for Gen AI and solar production ramps. The company is accelerating U.S. manufacturing capacity to meet growing demand for U.S.-made solar products and Gen AI innovations.

Leading telecom companies including Calix (NYSE: CALX), Corning, and Brightspeed have published a strategic paper highlighting the urgent need to phase out aging copper networks in favor of modern connectivity solutions. The paper, titled 'Meeting the Needs of Rural Subscribers for Generations to Come,' emphasizes the critical timing with unprecedented Broadband Equity, Access, and Deployment (BEAD) funding availability.

The study examines various communication technologies including fiber, wireless, LEO satellite, and coaxial cable, evaluating their capability to meet current and future needs. The analysis concludes that while copper networks are becoming obsolete, fiber optics offer superior benefits including faster speeds, higher reliability, enhanced security, and lower maintenance costs. For areas where fiber deployment isn't feasible, wireless and satellite solutions are recommended as effective alternatives.

Airspan Networks Holdings has completed the acquisition of Corning's (NYSE:GLW) wireless business division. The acquisition includes Corning's 6000 and 6200 distributed antenna systems (DAS) and SpiderCloud 4G and 5G small cell radio access network (RAN) portfolio, along with intellectual property rights.

As part of the strategic expansion, Airspan has appointed Amit Jain, a former leader at Corning and SpiderCloud, as Senior Vice President and General Manager of In-Building Networks. The integration combines Corning's DAS and small cell solutions with Airspan's expertise in public and private network deployments, supported by their track record of over one million radios shipped globally.

Corning (NYSE:GLW) has launched GlassWorks AI™ solutions, a comprehensive portfolio of data center products and services designed to support generative AI infrastructure needs. The offering includes the new Contour™ Flow Cable, which doubles fiber capacity in existing cable diameters, streamlining deployments of interconnected data center networks.

The solution addresses density challenges both within data centers and in long-haul networks. Inside AI data centers, the technology supports high-density GPU clusters with advanced connectivity solutions that enable 36 times more fiber connections per rack unit compared to legacy LC connectors.

At the core of the innovation is Corning® SMF-28® Contour fiber, which is 40% smaller and offers enhanced bend resilience for high-density environments. The company will showcase these innovations at the 2025 Optical Fiber Communication Conference and Exposition in San Francisco.

Corning (NYSE: GLW) has announced the launch of Corning® Gorilla® Glass Ceramic, a new transparent and strengthenable glass ceramic material designed to enhance mobile device durability. The innovative material demonstrates superior drop performance on rough surfaces compared to competitive aluminosilicate glasses.

In laboratory testing, Gorilla Glass Ceramic survived 10 repeated drops from one meter on asphalt-like surfaces, while alternative aluminosilicate glass typically failed on the first drop. The new material will debut on a Motorola device in the coming months, expanding Corning's portfolio of durable cover materials for OEMs.

Corning (NYSE: GLW) has upgraded its Springboard plan, now targeting to add over $4 billion in annualized sales and achieve a 20% operating margin by the end of 2026. The company raised its Q1 2025 guidance, expecting sales to exceed $3.6 billion with EPS at the high end of $0.48-$0.52.

Key highlights include:

• Increased Enterprise 2023-2027 sales CAGR from 25% to 30%, driven by Gen AI products adoption
• Launch of new Solar Market-Access Platform, projected to grow from ~$1 billion in 2024 to $2.5 billion by 2028
• Display Technologies on track to deliver net income of $900-950 million this year with 25% margin

Since Springboard's inception, Corning has grown core sales by 18%, core EPS by 46%, expanded core operating margin to 18.5%, and improved core ROIC by 390 basis points. The company also grew adjusted free cash flow by 42% for full-year 2024.