Corning, Inc. (GLW)

This morning, Corning (GLW; $168.48; E/W) announced that it has extended on a prior set of long-standing supply agreements with Verizon (VZ; $50.10; NR) through what is being described as a “multi-billion-dollar agreement for 80+…

We are bumping up our 2026E EPS for Corning (GLW; $138.25; E/W) from $3.20 to $3.30 (+30% YoY) while maintaining 2027E EPS at $4.20 (+27%). As illustrated in the table below, our estimate changes come…

We are raising our 2026/2027E EPS from $3.10/$3.75 to $3.20/$4.20 on Corning (GLW; $183.38; E/W) ahead of the company’s Q2 results and guidance, which are scheduled for July 28th (before market open). Our higher EPS…

Yesterday, we attended Corning’s (GLW; $181.44; E/W) Investor Day in New York, which highlighted a technical roadmap well positioned for success in coming years, particularly Optical Communications (40%+ of sales and profits). The meeting focused…

We raise our 2026/2027E EPS from $2.90/$3.25 to $3.10/3.75 for Corning (GLW; $153.05; E/W) after the company produced some modest Q1 upside with some more favorable forward-looking guidance, which was not surprisingly led by Optical…

We think Corning (GLW; $168.14; E/W) produces a very solid set of Q1 results and guidance, which are scheduled for April 28th (before market), including healthy upside from Optical Communications (~40% of 2026E sales and…

Earlier this week, we toured Corning’s (GLW; $131.90; E/W) trade show booth at OFC in Los Angeles where we had the opportunity to meet with a number of managers, led by Michael O’Day, Senior VP…

This morning, Corning (GLW; $132.66; E/W) announced a collaboration with US Conec to become a licensee of PRIZM TMT optical ferrule technology, which enables higher fiber counts in tighter spaces inside data centers. Recall, ceramic…

Yesterday, Corning (GLW; $157.79; E/W) announced the launch of Gorilla Glass Ceramic 3, which the company described as the “toughest ceramic cover material that the company has ever developed. We think this announcement, which management…

We maintain our 2026E EPS on Corning (GLW; $129.96; E/W) at $2.90, which is +15% YoY and somewhat below consensus of $3.06, following our review of the company’s recently released 10-K. Broadly speaking, the filing…

We are reducing our rating on the shares of Corning (GLW; $104.28) from Outperform to Equal-Weight. The stock is up 110% YoY, including +34% just since mid-November, and has now risen 2.8X since our upgrade…

Corning (GLW; $109.74; O/P) reported Q4 “core” EPS of $0.72, which was ahead of our $0.70 and the Street’s $0.71 on core sales of $4,412mm that was also better than our $4,354mm and the Street’s…

“All eyes” will of course be on Corning’s (GLW; $94.28; O/P) Optical Communications business (~40% of 2025E sales and 35-40% of profits ex-corporate expenses) with its Q4 results and guidance on Wednesday (1/28 before market)….

We basically maintain our 2025/2026E EPS for Corning (GLW; $86.43; O/P) at $2.52/$2.90 after the company’s Q3 results and outlook were “only” modestly ahead of consensus expectations. This was especially of note with Optical Communications…

Corning (GLW; $89.37; O/P) reported Q3 “core” EPS of $0.67, which was ahead of our consensus matching $0.66 on somewhat higher core sales than we modeled ($4,272mm vs. our $4,200mm and the Street’s $4,231mm). Recall,…