Welcome to our dedicated page for Corning news (Ticker: GLW), a resource for investors and traders seeking the latest updates and insights on Corning stock.
Corning Incorporated (NYSE: GLW) is a global materials science leader driving innovations in specialty glass, optical fiber, and advanced ceramics. This news hub provides investors and industry professionals with comprehensive access to official press releases and verified updates about the company's technological breakthroughs and market strategies.
Track Corning's latest developments across core sectors including display technologies, telecommunications infrastructure, life science solutions, and automotive innovations. Our curated feed features earnings announcements, strategic partnership details, R&D milestones, and operational updates directly from the company.
Key content categories include quarterly financial results, new product commercialization efforts, manufacturing expansions, and sustainability initiatives. All materials are sourced from official Corning communications to ensure accuracy and timeliness.
Bookmark this page for convenient access to critical information about GLW's market position, technological advancements, and corporate developments. Check regularly for updates that could impact your understanding of Corning's role in enabling next-generation technologies across multiple industries.
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.
Corning (NYSE: GLW), Suniva, and Heliene have announced a landmark partnership to create the first fully U.S.-made solar module supply chain. This initiative involves Corning supplying wafers and hyper-pure polysilicon sourced from Hemlock Semiconductor (HSC), which Corning majority owns. These components are manufactured in Michigan, while the solar cells are produced in Georgia. The resulting solar module features up to 66% domestic content, the highest in the market, offering significant advantages through the Investment Tax Credit (ITC) domestic content bonus. This partnership aims to strengthen the U.S. energy supply chain, support American job creation, and enhance energy independence. Executives from all three companies highlighted the importance of this collaboration in bolstering the domestic economy and providing high-quality solar components.
Airspan Networks Holdings has announced a definitive agreement to acquire Corning's wireless business (NYSE:GLW), with the transaction expected to close in Q1 2025. The acquisition includes Corning's 6000 and 6200 distributed antenna systems (DAS) and SpiderCloud 4G and 5G small cell radio access network (RAN) products.
The acquired business features over 10,000 installations, relationships with major mobile operators, public venues, and enterprise customers, along with a broad patent portfolio developed over 15 years. The strategic move positions Airspan to offer the most comprehensive in-building wireless solution in the market, addressing the challenge that over 70% of mobile data usage occurs inside buildings.
Airspan expects mobile operators, venue owners, and enterprises to increase investment in indoor 5G service as outdoor 5G network buildout nears completion. The company commits to maintaining business continuity for existing customers, distributors, and partners.
Corning (NYSE: GLW) has announced its Board of Directors' declaration of 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.
The company provided extensive forward-looking statements addressing various aspects of their business, including operating performance, market share, revenue growth, innovation capabilities, and capital expenditure. They acknowledged potential risks such as global economic trends, geopolitical risks, trade tensions, market volatility, and cyber security threats that could impact their operations and financial performance.
Corning (GLW) reported strong Q4 2024 results with core sales of $3.9 billion, up 18% year over year, and core EPS of $0.57, up 46%. The company's Optical Communications segment saw impressive growth, with Enterprise business up 93% year over year, driven by Gen AI products adoption.
Q4 GAAP results included sales of $3.5 billion, gross margin of 34.2%, and operating margin of 11.2%. Full-year 2024 delivered GAAP sales of $13.1 billion and operating cash flow of $1.9 billion. The company successfully implemented price increases in Display Technologies and expects segment net income of $900-950 million in 2025.
For Q1 2025, Corning projects core sales growth of 10% year over year to $3.6 billion, with core EPS growing approximately 30% to $0.48-$0.52. The company plans to upgrade its 'Springboard' plan at its March investor event, which aims to add over $3 billion in annualized sales and achieve 20% operating margin by end-2026.
Corning (NYSE: GLW) and Samsung Electronics 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. This new technology represents a significant advancement in display protection and clarity.
Key features of Gorilla Armor 2 include enhanced durability with survival drops of up to 2.2 meters on concrete-like surfaces, compared to competitive materials failing at one meter. The material demonstrates over four times more scratch resistance than competitive lithium-aluminosilicate cover glasses with anti-reflective coating. The technology also significantly reduces surface reflections in both indoor and outdoor settings, improving display contrast ratio.
