Legacy copper networks are no longer the most viable means to deliver the high-speed connectivity that families and communities need to compete, thrive and grow in today's world CHARLOTTE, N.C., April 23, 2025 /PRNewswire/ -- Today, a group of leading telecommunications companies published a strategic paper outlining the advantages of fiber optic, wireless, satellite and coaxial cable technologies for connectivity as copper networks across the country continue to deteriorate and become obsolete. The paper, "Meeting the Needs of Rural Subscribers for Generations to Come," is a collaborative effort among key players in the high-speed internet service ecosystem highlighting the urgency behind t

Unlocking the Future of Indoor Connectivity with a Complete Wireless Portfolio Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced the successful completion of its acquisition of Corning Incorporated's (NYSE:GLW) wireless business. With the acquisition now finalized, Airspan assumes full ownership and operational control of Corning's wireless assets, including its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (RAN) portfolio. The deal also adds valuable intellectual property and strengthens Airspan's team with experienced wireless professionals. To lead this str

End-to-end portfolio features Corning's new Contour™ Flow Cable to help accelerate deployment of high-density data center interconnect networks Corning Incorporated (NYSE:GLW) today launched Corning GlassWorks AI™ solutions, a "one-stop shop" of customized data center products and services to help operators build the dense fiber infrastructure required for generative AI. The end-to-end portfolio provides industry-leading cable and connectivity solutions along with best-in-class network planning, design, and deployment support. Operators face challenges of scale and density in meeting the infrastructure requirements of AI, both inside the data center and in the long-haul networks that conn

New glass ceramic cover material will bring improved drop performance on rough surfaces to more mobile devices. Corning Incorporated (NYSE:GLW) today announced the introduction of Corning® Gorilla® Glass Ceramic, an innovative, transparent, and strengthenable glass ceramic material to help bring advanced toughness to more mobile devices. Gorilla Glass Ceramic significantly improves drop performance on rough surfaces compared to competitive aluminosilicate glasses. The new material expands Corning's portfolio of durable cover materials for OEMs. "Gorilla Glass has built a reputation of strength and resilience, and our new glass ceramic material continues this tradition. Designed to offer e

Company raises 2023-2027 sales CAGR from 25% to 30% in Optical Communications' Enterprise business, driven by continued strong adoption of new Gen AI products for inside data centers Company launches a new Solar Market-Access Platform that is expected to increase sales, profit, and cash flow beginning in the third quarter Management raises first-quarter guidance; now expects sales to exceed $3.6 billion and EPS to come in at the high end of the range of $0.48 to $0.52 (1) In 2024, Corning shared details on its original high-confidence Springboard plan to add more than $3 billion in annualized sales, and to achieve operating margin of 20%, by the end of 2026. The starting point for Spring

Premium American Polysilicon, Wafers, and Solar Cells Maximize Domestic Content, Enable U.S.-Made Module Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells, and Heliene Inc., a leading U.S. solar PV module manufacturer, today announced a landmark deal with Corning Incorporated (NYSE:GLW) to provide the U.S. domestic market with the only solar module made with polysilicon, wafers and cells manufactured in the United States. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250306513617/en/ Corning is supplying the wafers and, as the majority owner of Hemlock Semiconductor (HSC), s

Strengthening Leadership in In-Building Connectivity Airspan Networks Holdings LLC ("Airspan"), a leading global provider of wireless network solutions, today announced that it has entered into a definitive agreement to acquire the wireless business of Corning Incorporated (NYSE:GLW). The transaction is subject to regulatory approval and is expected to close in Q1 2025. Corning's wireless business includes its 6000 and 6200 distributed antenna systems (DAS) and its SpiderCloud 4G and 5G small cell radio access network (RAN) products. By combining these products with Airspan's market-leading small cells for neutral-host coverage and private networks, Airspan will offer the most comprehensi

Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2025, to shareholders of record on February 28, 2025. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform A

(1) Fourth-quarter GAAP results: Sales were $3.5 billion, gross margin was 34.2%, operating margin was 11.2%, EPS was $0.36, and operating cash flow was $623 million. Full-year GAAP results: Sales were $13.1 billion, gross margin was 32.6%, operating margin was 8.7%, EPS was $0.58, and operating cash flow was $1.9 billion. Fourth-quarter results exceeded guidance, with record core sales of $3.9 billion, up 18% year over year, and core EPS of $0.57, up more than twice the rate of sales Core operating margin expanded 220 basis points year over year to 18.5% Continued strong adoption of new optical-connectivity products drove 93% year-over-year growth in Optical Communications' Enterpris

Corning® Gorilla® Armor 2 sets a new standard of durability while delivering superior mobile display clarity on the Galaxy S25 Ultra Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. Samsung's Galaxy S25 Ultra devices showcase this revolutionary innovation on their front displays, marking an impressive milestone in mobile display technology. Gorilla Armor 2 is a landmark achievement in glass ceramic technology, combining superior toughness with excellent clarity on a smartphone display.

New glass ceramic cover material will bring improved drop performance on rough surfaces to more mobile devices. Corning Incorporated (NYSE:GLW) today announced the introduction of Corning® Gorilla® Glass Ceramic, an innovative, transparent, and strengthenable glass ceramic material to help bring advanced toughness to more mobile devices. Gorilla Glass Ceramic significantly improves drop performance on rough surfaces compared to competitive aluminosilicate glasses. The new material expands Corning's portfolio of durable cover materials for OEMs. "Gorilla Glass has built a reputation of strength and resilience, and our new glass ceramic material continues this tradition. Designed to offer e

Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2025, to shareholders of record on February 28, 2025. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform A

(1) Fourth-quarter GAAP results: Sales were $3.5 billion, gross margin was 34.2%, operating margin was 11.2%, EPS was $0.36, and operating cash flow was $623 million. Full-year GAAP results: Sales were $13.1 billion, gross margin was 32.6%, operating margin was 8.7%, EPS was $0.58, and operating cash flow was $1.9 billion. Fourth-quarter results exceeded guidance, with record core sales of $3.9 billion, up 18% year over year, and core EPS of $0.57, up more than twice the rate of sales Core operating margin expanded 220 basis points year over year to 18.5% Continued strong adoption of new optical-connectivity products drove 93% year-over-year growth in Optical Communications' Enterpris

Corning® Gorilla® Armor 2 sets a new standard of durability while delivering superior mobile display clarity on the Galaxy S25 Ultra Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry's first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. Samsung's Galaxy S25 Ultra devices showcase this revolutionary innovation on their front displays, marking an impressive milestone in mobile display technology. Gorilla Armor 2 is a landmark achievement in glass ceramic technology, combining superior toughness with excellent clarity on a smartphone display.

Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard' target of 20% by the end of 2026 Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to gro

Corning Incorporated's (NYSE:GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on December 13, 2024, to shareholders of record on November 15, 2024. Caution Concerning Forward-Looking Statements The statements contained in this release and related comments by management that are not historical facts or information and contain words such as "will," "believe," "anticipate," "expect," "intend," "plan," "seek," "see," "would," "target," "estimate," "forecast" or similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Refor

Management implementing price increases in Display Technologies and expects to deliver segment net income of $900 million to $950 million in 2025, and to maintain net income margin of 25% In Optical Communications, Enterprise sales are expected to grow by more than 40% year over year in the third quarter, driven by the continued strong adoption of new optical-connectivity products for generative AI used inside data centers Company showcases new set of products to interconnect AI-enabled data centers, which support Lumen's build of a new network and mark the first outside-plant deployment of Corning's new gen AI fiber-and-cable system Corning Incorporated (NYSE:GLW) will host a meeting to

Agreement reserves 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Agreement will more than double Lumen's intercity network miles to unlock the next phases and capabilities of AI for cloud data centers, enterprises, and public agencies Lumen Technologies (NYSE:LUMN) today announced an agreement with Corning Incorporated (NYSE:GLW) for a substantial supply of next-generation optical cable. This fiber-dense cable will more than double Lumen's U.S. intercity fiber miles, offering significant capacity to major cloud data centers racing to stay ahead of AI workloads and high bandwidth applications fueled by massive amounts of dat

Outperformance was driven primarily by the strong adoption of new optical connectivity products for generative AI Management expects core sales to grow to ~$3.7 billion in the third quarter, with core EPS growing faster than sales and in the range of $0.50 to $0.54 Corning and Lumen Technologies reach an agreement to reserve 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Results and outlook reinforce management's confidence in its ‘Springboard' plan to add more than $3 billion in annualized sales with strong incremental profit and cash flow in the next three years, as cyclical factors and secular trends converge Corning

Management now expects Q2 core sales of approximately $3.6 billion, compared with guidance of $3.4 billion, and a return to year-over-year core sales and core EPS growth Outperformance primarily driven by strong adoption of new optical connectivity products for Generative AI ‘Springboard' framework is expected to add more than $3 billion in annualized sales and strong incremental profit in the next three years, as cyclical factors and secular trends combine Corning Incorporated (NYSE:GLW) today provided an update on expectations for its second-quarter 2024 results. The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 b

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HSBC Securities upgraded Corning from Hold to Buy and set a new price target of $60.00 from $51.00 previously

Mizuho upgraded Corning from Neutral to Outperform and set a new price target of $47.00 from $44.00 previously

Deutsche Bank upgraded Corning from Hold to Buy and set a new price target of $46.00

HSBC Securities upgraded Corning from Reduce to Hold and set a new price target of $37.00

Fox Advisors upgraded Corning from Equal Weight to Overweight and set a new price target of $45.00

Morgan Stanley downgraded Corning from Overweight to Equal-Weight and set a new price target of $38.00 from $35.00 previously

JP Morgan upgraded Corning from Neutral to Overweight and set a new price target of $43.00 from $37.00 previously

Mizuho initiated coverage of Corning with a rating of Neutral and set a new price target of $36.00

UBS reiterated coverage of Corning with a rating of Neutral and set a new price target of $35.00 from $34.00 previously

HSBC Securities downgraded Corning from Hold to Reduce and set a new price target of $29.00

CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE:GLW) Board of Directors today announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning's Board of Directors, effective June 20, 2023. "Tom brings unique industry knowledge and expertise across technology-driven companies and in Corning's key markets," said Wendell P. Weeks, chairman and chief executive officer. "He will be an excellent asset to our diverse, accomplished, and engaged Board of Directors." Mr. French will serve on the board's Audit Committee as well as its Corporate Responsibility and Sustainability Committee.

CORNING, N.Y., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced the appointment of Edward Schlesinger to executive vice president and chief financial officer, effective Feb. 18, 2022. Schlesinger will report to Wendell Weeks, chairman and chief executive officer, and will succeed retiring CFO Tony Tripeny, whose important contributions throughout his career have made Corning a stronger company. Schlesinger, age 54, will oversee Finance and Investor Relations. His transition reflects a broader plan to develop top talent across Corning globally, best positioning the company to capture an attractive set of long-term opportunities and deliver ongoing value to

CORNING, N.Y., June 29, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced that Pamela J. Craig, former chief financial officer of Accenture plc, has been appointed to Corning's Board of Directors, effective June 29, 2021. "Pamela is an accomplished business leader who brings great financial and operational expertise to Corning," said Wendell P. Weeks, chairman and chief executive officer. "She will provide valuable perspective as we continue advancing category-defining innovations that transform industries and improve lives." Ms. Craig will serve on the board's Corporate Responsibility and Sustainability Committee as well as its Audit Committee. She will hold offic

CORNING, N.Y., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today appointed Roger W. Ferguson Jr., president and chief executive officer of TIAA, to Corning’s Board of Directors, effective April 1, 2021. Mr. Ferguson will serve on the board’s Compensation and Nominating and Corporate Governance committees. He will hold office until Corning’s annual meeting of shareholders in the spring of 2021, at which time he will stand for election to a one-year term. His appointment brings the number of Corning directors to 14. Mr. Ferguson brings to the board extensive financial expertise and significant knowledge of government policy and regulations, along with notable pub