US Market News
1月前
NVIDIA and Corning Announce Long-Term Partnership To Strengthen U.S. Manufacturing for AI InfrastructureMay 6, 2026 7:30 AM
Business Wire Corning will expand U.S. optical connectivity capacity 10x, build three new manufacturing plants, and create more than 3,000 high-paying American jobs NVIDIA (NASDAQ: NVDA) and Corning Incorporated (NYSE: GLW) today announced a multiyear commercial and technology partnership to dramatically expand U.S.-based manufacturing of the advanced optical connectivity solutions needed to power next-generation AI infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260505477353/en/ Corning will increase its U.S.-based optical connectivity manufacturing capacity by 10x and expand its U.S. fiber production capacity by more than 50% to meet the accelerating demand driven by AI factory buildouts. The expansion includes the construction of three new advanced manufacturing facilities in North Carolina and Texas and the creation of more than 3,000 new high-paying American jobs. Corning’s expanded capacity will supply the optical connectivity hyperscale data centers use to deploy NVIDIA-accelerated computing at scale. Modern AI workloads require thousands of NVIDIA GPUs – requiring unprecedented volumes of high-performance optical fiber, connectivity, and photonics to move data at extraordinary speed and scale. As AI factories grow larger and more numerous, optical connectivity becomes an important component of the AI infrastructure. Corning, the inventor of low-loss optical fiber and the world’s leading innovator in glass science and optical physics, is well-positioned to meet this demand at scale. Jensen Huang, founder and CEO of NVIDIA, said, “AI is driving the largest infrastructure buildout of our time – and a once-in-a-generation opportunity to reinvigorate American manufacturing and supply chains. Together with Corning, we are inventing the future of computing with advanced optical technologies – building the foundation for AI infrastructure where intelligence moves at the speed of light while advancing the proud tradition of Made in America.” Wendell P. Weeks, chairman, CEO, and president of Corning, said, “What NVIDIA is doing is nothing short of extraordinary, not just for the future of artificial intelligence, but for the American advanced manufacturing workforce. Their commitment is directly fueling the expansion of our U.S. manufacturing footprint and creating more than 3,000 new high-paying jobs for American workers. This partnership is proof that AI is not just a technology story. It is a manufacturing story, and it is happening here in the United States. Together with NVIDIA, we are ensuring the critical technologies powering AI are invented, engineered, and built in America.” About NVIDIA NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing. NVIDIA Forward-Looking Statements Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments; expectations with respect to AI and related industries; AI driving the largest infrastructure buildout—and a once-in-a-generation opportunity to reinvigorate American manufacturing and supply chains; together with Corning, NVIDIA inventing the future of computing with advanced optical technologies—building the foundation for AI infrastructure where intelligence moves at the speed of light while advancing the proud tradition of Made in America; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. © 2026 NVIDIA Corporation. All rights reserved. NVIDIA and the NVIDIA logo are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice. About Corning Incorporated Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences. Corning 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 Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements relate to, among other things, the Company’s Springboard plan, projected financial and operating performance, anticipated sales opportunities, long-term growth strategy, expected capital deployment, innovation and commercialization plans, and anticipated impacts of customer agreements. These forward-looking statements also relate to the expected benefits, scope, and timing of the Company's strategic partnership with NVIDIA, including planned expansions of U.S.-based optical connectivity and fiber manufacturing capacity, the construction and operation of new manufacturing facilities, anticipated job creation, and projected customer demand driven by AI infrastructure deployments. Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that impact the company, there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strategies; changes in macroeconomic and market conditions and market volatility, including developments and volatility arising from health crisis events, inflation, interest rates, the value of securities and other financial assets, precious metals, oil, natural gas, raw materials and other commodity prices and exchange rates (particularly between the U.S. dollar and the Japanese yen, South Korean won, Chinese yuan, New Taiwan dollar, Mexican peso and euro), decreases or sudden increases of consumer demand, and the impact of such changes and volatility on our financial position and businesses; the availability of or adverse changes relating to government grants, tax credits or other government incentives; the duration and severity of health crisis events, such as an epidemic or pandemic, and its impact across our businesses on demand, personnel, operations, our global supply chains and stock price; possible disruption in commercial activities or our supply chain due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; ability to enforce patents and protect intellectual property and trade secrets; disruption to Corning’s, our suppliers’ and manufacturers’ supply chain, equipment, facilities, IT systems or operations; product demand and industry capacity; competitive products and pricing; availability and costs of critical components, materials, equipment, natural resources and utilities; new product development and commercialization; our solar business development, including manufacturing facility construction, ramp, and operations, and the achievement of solar revenue and profitability targets; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; the amount and timing of any future dividends; the effects of acquisitions, dispositions and other similar transactions; the effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; our ability to increase margins through implementation of operational changes, pricing actions and cost reduction measures; rate of technology change; adverse litigation; product and component performance issues; retention of key personnel; customer ability to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws, regulations and international tax standards; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings. For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505477353/en/ Mylene Mangalindan
Corporate Communications
NVIDIA Corporation
press@nvidia.com Toshiya Hari
Investor Relations
NVIDIA Corporation
toshiyah@nvidia.com Gabrielle Bailey
Corporate Communications
Corning Incorporated
baileygr@corning.com Christopher Keenan
Investor Relations
Corning Incorporated
keenanct@corning.com Original: NVIDIA and Corning Announce Long-Term Partnership To Strengthen U.S. Manufacturing for AI Infrastructure
US Market News
2月前
Corning Announces Quarterly DividendApril 30, 2026 10:21 AM
Business Wire
Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 29, 2026, to shareholders of record on May 29, 2026.
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 Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements relate to, among other things, the Company’s Springboard plan, projected financial and operating performance, anticipated sales opportunities, long-term growth strategy, expected capital deployment, innovation and commercialization plans, and anticipated impacts of customer agreements.
Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that impact the company, there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.
Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strategies; changes in macroeconomic and market conditions and market volatility, including developments and volatility arising from health crisis events, inflation, interest rates, the value of securities and other financial assets, precious metals, oil, natural gas, raw materials and other commodity prices and exchange rates (particularly between the U.S. dollar and the Japanese yen, South Korean won, Chinese yuan, New Taiwan dollar, Mexican peso and euro), decreases or sudden increases of consumer demand, and the impact of such changes and volatility on our financial position and businesses; the availability of or adverse changes relating to government grants, tax credits or other government incentives; the duration and severity of health crisis events, such as an epidemic or pandemic, and its impact across our businesses on demand, personnel, operations, our global supply chains and stock price; possible disruption in commercial activities or our supply chain due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; ability to enforce patents and protect intellectual property and trade secrets; disruption to Corning’s, our suppliers’ and manufacturers’ supply chain, equipment, facilities, IT systems or operations; product demand and industry capacity; competitive products and pricing; availability and costs of critical components, materials, equipment, natural resources and utilities; new product development and commercialization; our solar business development, including manufacturing facility construction, ramp, and operations, and the achievement of solar revenue and profitability targets; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; the amount and timing of any future dividends; the effects of acquisitions, dispositions and other similar transactions; the effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; our ability to increase margins through implementation of operational changes, pricing actions and cost reduction measures; rate of technology change; adverse litigation; product and component performance issues; retention of key personnel; customer ability to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws, regulations and international tax standards; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q.
Web Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (https://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260429400680/en/
Media Relations Contact:
Gabrielle Bailey
(607) 684-4557
baileygr@corning.com
Investor Relations Contact:
Christopher Keenan
(607) 438-8728
keenanCT@corning.com
Original: Corning Announces Quarterly Dividend
US Market News
3月前
Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI BuildoutMarch 31, 2026 1:53 PM
Business Wire
New capacity will supply advanced data centers with U.S.-made technology
Corning Incorporated (NYSE: GLW) and Meta Platforms, Inc. (Nasdaq: META) today marked the start of construction on a significant expansion of Corning’s optical cable manufacturing capacity in Hickory, North Carolina, reinforcing their collaboration to support the buildout of advanced AI data centers using technology developed and manufactured in the United States.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260331275717/en/Leaders from Corning, Meta, and state and local government break ground for Corning's new cable manufacturing facility in Hickory, NC
The groundbreaking marks a milestone in the multiyear, up to $6 billion agreement between Corning and Meta to accelerate the deployment of the most advanced data centers in the U.S. and to support Meta’s apps, technologies, and AI objectives. Under the agreement, which was announced in January of this year, Corning will supply Meta with its newest innovations in optical fiber, cable, and connectivity solutions. Meta will serve as the anchor customer for the Hickory expansion, which will produce optical cable critical to AI infrastructure.
“As America advances its lead in AI, the infrastructure we build today will determine whether we stay ahead tomorrow. High-performance connectivity is at the heart of this work,” said Dan Sachs, Meta’s Vice President of Public Policy – State and Local. “Our partnership with Corning supports our goal of strengthening domestic manufacturing, supporting good jobs in North Carolina, and building a foundation for the next era of American innovation.”
“Today we are breaking ground on a new state-of-the-art manufacturing facility in a critical next step for strengthening the domestic supply chain for AI data centers,” said Hal Nelson, Chief Operating Officer, Corning Incorporated. “Our expansion here in Hickory also opens a new chapter in our longstanding partnership with Meta. It’s a great example of the kind of collaboration Corning values most – helping our customers solve tough challenges by working together to move at the speed and scale that delivers the solutions they need.”
Corning, which currently employs more than 5,000 people in North Carolina, will expand manufacturing capabilities across the state to support the agreement with Meta. The expansion could increase Corning’s employment levels in the state by 15 to 20 percent, reinforcing North Carolina’s role as a manufacturing hub for optical fiber and cable.
“As Corning celebrates its 175th year, our partnership with Meta and today’s groundbreaking underscore the importance of our investments in U.S. manufacturing,” said Mike O’Day, Senior Vice President and General Manager, Corning Optical Communications. “North Carolina has been central to Corning’s optical manufacturing leadership for decades, supported by a highly skilled workforce and the strong, long-standing backing of state and local leaders. We’re grateful for those partnerships and proud to continue expanding advanced manufacturing capacity here to support the next generation of AI infrastructure.”
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260331275717/en/
Media Relations Contact:
John Arwood
(828) 320-3249
arwoodjm@corning.com
Investor Relations Contact:
Christopher Keenan
(607) 974-6716
keenanct@corning.com
Original: Corning and Meta Celebrate Start of Construction on Cable Manufacturing Expansion in North Carolina to Support AI Buildout
US Market News
4月前
Corning bringt Corning® Gorilla® Glass Ceramic 3 mit verbesserter Sturzfestigkeit auf den MarktMarch 2, 2026 12:05 AM
Business Wire
Motorola wird das fortschrittliche Cover-Material in seinem faltbaren Gerät der nächsten Generation verwenden.
Corning Incorporated (NYSE: GLW) hat heute die Markteinführung von Corning® Gorilla® Glass Ceramic 3 angekündigt, dem bisher widerstandsfähigsten Gorilla Glass Ceramic-Materials des Unternehmens. Gorilla Glass Ceramic 3 wurde entwickelt, um die Widerstandsfähigkeit eines Geräts über seine gesamte Lebensdauer hinweg zu verbessern und kommt in Motorolas neuem Razr Fold-Gerät zum Einsatz.
Diese Pressemitteilung enthält multimediale Inhalte. Die vollständige Mitteilung hier ansehen: https://www.businesswire.com/news/home/20260227517490/de/Corning® Gorilla® Glass Ceramic 3 is the toughest Gorilla Glass Ceramic ever made.
„Wir entwickeln unsere Materialien mit Blick auf Langlebigkeit, nicht nur auf die anfängliche Leistung“, sagte Lori Hamilton, Division Vice President & Business Technology Director, Corning® Gorilla® Glass. „Mit unserer unübertroffenen Expertise in der Glas- und Keramikwissenschaft haben wir Gorilla Glass Ceramic 3 so konzipiert, dass es eine gleichbleibende, zuverlässige Widerstandsfähigkeit bietet, die sich über die Zeit bewährt.“
Verbrauchergeräte müssen routinemäßig einer Vielzahl von harten, schonungslosen Oberflächen standhalten, weshalb realistische Tests unerlässlich sind. Um die Strapazierfähigkeit unter Alltagsbedingungen genau zu beurteilen, testet Corning seine innovativen Abdeckmaterialien auf verschiedenen Oberflächen, die Umgebungen aus der Praxis möglichst genau nachbilden.
In Labortests von Corning zeigte Gorilla Glass Ceramic 3 eine herausragende Sturzfestigkeit und überstand Stürze aus mehr als zwei Metern Höhe auf betonähnliche Oberflächen – eine der härtesten Aufprallflächen für Verbrauchergeräte. Diese Ergebnisse unterstreichen die Fähigkeit des Materials, Geräte besser vor den Unfällen des Alltags zu schützen.
Gorilla Glass Ceramic 3 zeigte auch bei wiederholten Stürzen deutliche Vorteile. In Labortests von Corning überstand das Material mindestens 20 aufeinanderfolgende Stürze aus einem Meter Höhe auf asphaltähnliche Oberflächen – eine weitere Fläche, auf die Geräte häufig fallen. Im Gegensatz dazu versagte ein konkurrierendes Aluminosilikatglas in der Regel bereits beim ersten Sturz, was die Vorteile der langfristigen Strapazierfähigkeit durch die Glaskeramiktechnologie von Corning unterstreicht.
„Verbraucher erwarten, dass ihre Handys dem täglichen Gebrauch standhalten“, sagte Leo Liu, Vice President of Product Development bei Motorola. „Die Integration von Gorilla Glass Ceramic 3 in das Razr Fold macht unser Design widerstandsfähiger und unterstützt unser Ziel, Geräte zu liefern, auf deren Langlebigkeit sich die Verbraucher verlassen können.“
Führende globale Gerätehersteller wie Motorola schützen bereits Milliarden von Geräten weltweit durch Corning Gorilla Glass. Durch die Kombination der fortschrittlichen Glaskeramiktechnologie von Corning mit dem renommierten Produktdesign von Motorola wird das Razr Fold-Gerät das erste auf dem Markt erhältliche Smartphone sein, das mit Gorilla Glass Ceramic 3 ausgestattet ist und den Verbrauchern somit mehr Sicherheit im Alltag bietet.
Motorola präsentiert seine neuesten Technologien, einschließlich Razr Fold, vom 2. bis 5. März auf dem Mobile World Congress 2026 in Halle 3 im Messezentrum Fira Gran Via am Stand Nr. 3N30.
Über Corning Incorporated
Corning ( www.corning.com ) ist eines der weltweit führenden Innovationsunternehmen auf dem Gebiet der Materialwissenschaft mit einer 175-jährigen Bilanz an lebensverändernden Erfindungen. Corning nutzt sein beispielloses Fachwissen in Glas, Keramik und optischer Physik, neben seinen Kompetenzen in der Fertigung und Konstruktion, um kategoriebestimmende Produkte zu entwickeln, die die Industrie verändern und das Leben der Menschen verbessern. Cornings Erfolg basiert auf kontinuierlichen Investitionen in die Forschung und Entwicklung, der einzigartigen Kombination von Material- und Prozessinnovation und engen, vertrauenswürdigen Beziehungen mit Kunden, die in ihren jeweiligen Branchen weltweit führend sind. Dank seiner vielseitigen und synergetischen Ressourcen kann sich Corning an sich verändernde Marktbedürfnisse anpassen, während das Unternehmen seinen Kunden dabei hilft, neue Chancen in dynamischen Industrien wahrzunehmen. Corning ist derzeit in den Marktsektoren optische Kommunikation, mobile Verbraucherelektronik, Display, Automobil, Solar, Halbleiter und Biowissenschaften tätig.
Die Ausgangssprache, in der der Originaltext veröffentlicht wird, ist die offizielle und autorisierte Version. Übersetzungen werden zur besseren Verständigung mitgeliefert. Nur die Sprachversion, die im Original veröffentlicht wurde, ist rechtsgültig. Gleichen Sie deshalb Übersetzungen mit der originalen Sprachversion der Veröffentlichung ab.
Originalversion auf businesswire.com ansehen: https://www.businesswire.com/news/home/20260227517490/de/
Ansprechpartner für Medien:
Jamie Post
(607) 974-4843
postjl@corning.com
Ansprechpartner für Investoren:
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(607) 438-8728
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Original: Corning bringt Corning® Gorilla® Glass Ceramic 3 mit verbesserter Sturzfestigkeit auf den Markt
US Market News
4月前
Corning lance Corning® Gorilla® Glass Ceramic 3 avec une résistance aux chutes amélioréeMarch 2, 2026 12:05 AM
Business Wire
Motorola intégrera ce matériau de couverture avancé dans son appareil pliable de nouvelle génération.
Corning Incorporated (NYSE : GLW) a annoncé aujourd’hui le lancement de Corning® Gorilla® Glass Ceramic 3, le Gorilla Glass Ceramic le plus résistant jamais fabriqué. Conçu pour offrir une durabilité accrue tout au long de la durée de vie d’un appareil, Gorilla Glass Ceramic 3 sera utilisé sur le prochain appareil pliable razr de Motorola.
Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260227153226/fr/Corning® Gorilla® Glass Ceramic 3 is the toughest Gorilla Glass Ceramic ever made.
« Nous concevons nos matériaux en tenant compte de leur longévité, et pas seulement de leurs performances initiales », déclare Lori Hamilton, vice-présidente de division et directrice des technologies commerciales chez Corning® Gorilla® Glass. « Grâce à notre expertise inégalée dans le domaine de la science du verre et de la céramique, nous avons conçu Gorilla Glass Ceramic 3 pour offrir une durabilité constante et fiable qui résiste à l’épreuve du temps. »
Les appareils grand public sont régulièrement exposés à diverses surfaces dures et impitoyables, ce qui rend des tests réalistes indispensables. Afin d’évaluer avec précision la durabilité dans des conditions quotidiennes, Corning évalue ses innovations en matière de matériaux de revêtement sur plusieurs surfaces conçues pour reproduire fidèlement les environnements réels.
Lors des tests en laboratoire de Corning, Gorilla Glass Ceramic 3 a démontré des performances exceptionnelles en cas de chute, résistant à des chutes de plus de deux mètres sur des surfaces reproduisant le béton, l’une des surfaces d’impact les plus difficiles pour les appareils grand public. Ces résultats soulignent la capacité du matériau à aider les appareils à mieux résister aux accidents quotidiens.
Gorilla Glass Ceramic 3 a également démontré des avantages substantiels dans des scénarios de chutes répétées. Lors des tests en laboratoire de Corning, le matériau a résisté à au moins 20 chutes répétées d’un mètre sur des surfaces simulant l’asphalte, une autre surface courante sur laquelle les appareils tombent. À l’inverse, un verre aluminosilicate concurrent a généralement échoué dès la première chute, soulignant les avantages en termes de durabilité à long terme offerts par la technologie de verre céramique de Corning.
« Les gens s’attendent à ce que leurs téléphones résistent à une utilisation quotidienne », déclare Leo Liu, vice-président du développement produit chez Motorola. « L’intégration de Gorilla Glass Ceramic 3 dans le razr fold renforce la durabilité de notre conception et soutient notre objectif de fournir des appareils dont les consommateurs peuvent être sûrs qu’ils dureront. »
Corning Gorilla Glass est déjà utilisé par les principaux fabricants mondiaux d’appareils, dont Motorola, pour aider à protéger des milliards d’appareils dans le monde entier. En associant la technologie avancée de verre céramique de Corning à la conception de produits réputée de Motorola, le razr fold sera le premier smartphone disponible sur le marché à être équipé de Gorilla Glass Ceramic 3, offrant ainsi aux consommateurs une plus grande confiance dans leur utilisation quotidienne.
Motorola présentera ses dernières technologies, notamment le razr fold, au Mobile World Congress 2026, dans le hall 3 du centre de congrès Fira Gran Via, au stand n° 3N30, du 2 au 5 mars.
À propos de Corning Incorporated
Corning (www.corning.com) est l’un des leaders mondiaux en matière d’innovation dans le domaine de la science des matériaux, avec 175 ans d’expérience dans les inventions qui changent la vie. Corning met à profit son expertise inégalée dans les domaines de la science du verre, de la science des céramiques et de la physique optique, ainsi que ses solides compétences en matière de fabrication et d’ingénierie, pour développer des produits révolutionnaires qui transforment les industries et améliorent la vie des gens. Corning doit son succès à ses investissements soutenus dans la RD&E, à une combinaison unique d’innovations en matière de matériaux et de processus, et à des relations profondes et basées sur la confiance avec ses clients, qui sont des leaders mondiaux dans leurs secteurs respectifs. Les capacités de Corning sont polyvalentes et synergiques, ce qui permet à l’entreprise d’évoluer pour répondre aux besoins changeants du marché, tout en aidant ses clients à saisir de nouvelles opportunités dans des industries dynamiques. Aujourd’hui, les marchés de Corning comprennent les communications optiques, l’électronique grand public mobile, les écrans, l’automobile, l’énergie solaire, les semi-conducteurs et les sciences de la vie.
Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260227153226/fr/
Contact relations médias :
Jamie Post
(607) 974-4843
postjl@corning.com
Contact relations investisseurs :
Christopher Keenan
(607) 438-8728
keenanct@corning.com
Original: Corning lance Corning® Gorilla® Glass Ceramic 3 avec une résistance aux chutes améliorée
US Market News
4月前
Corning Launches Corning® Gorilla® Glass Ceramic 3 with Enhanced Drop DurabilityMarch 2, 2026 12:05 AM
Business Wire
Motorola will feature the advanced cover material on its next-generation foldable device.
Corning Incorporated (NYSE: GLW) today announced the launch of Corning® Gorilla® Glass Ceramic 3, the toughest Gorilla Glass Ceramic ever made. Designed to help deliver enhanced durability across a device’s lifetime, Gorilla Glass Ceramic 3 will be featured on Motorola’s upcoming razr fold device.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260227039398/en/Corning® Gorilla® Glass Ceramic 3 is the toughest Gorilla Glass Ceramic ever made.
“We engineer our materials with longevity in mind, not just initial performance,” said Lori Hamilton, Division Vice President & Business Technology Director, Corning® Gorilla® Glass. “With our unparalleled expertise in glass and ceramic science, we built Gorilla Glass Ceramic 3 to provide consistent, reliable durability that holds up over time.”
Consumer devices are routinely exposed to a variety of hard, unforgiving surfaces, making realistic testing essential. To accurately assess durability under everyday conditions, Corning evaluates its cover material innovations across multiple surfaces designed to closely replicate real-world environments.
In Corning lab tests, Gorilla Glass Ceramic 3 demonstrated outstanding drop performance, surviving drops greater than two meters onto surfaces replicating concrete — one of the most challenging impact surfaces for consumer devices. These results highlight the material’s ability to help devices better withstand everyday accidents.
Gorilla Glass Ceramic 3 also demonstrated substantial advantages in repeated drop scenarios. In Corning lab tests, the material survived at least 20 repeated drops from one meter onto surfaces simulating asphalt — another common surface where devices are dropped. In contrast, a competitive aluminosilicate glass typically failed on the first drop, underscoring the long-term durability benefits enabled by Corning’s glass ceramic technology.
“People expect their phones to hold up in everyday use,” said Leo Liu, Motorola Vice President of Product Development. “Integrating Gorilla Glass Ceramic 3 into the razr fold strengthens the durability of our design and supports our goal of delivering devices that consumers can trust to last.”
Corning Gorilla Glass is already used by leading global device manufacturers, including Motorola, to help protect billions of devices worldwide. By pairing Corning’s advanced glass ceramic technology with Motorola’s renowned product design, the razr fold device will be the first smartphone available on the market to feature Gorilla Glass Ceramic 3, offering consumers greater confidence in everyday use.
Motorola will showcase its latest technologies, including the razr fold, at Mobile World Congress 2026 in Hall 3 within the Fira Gran Via convention center at booth #3N30 from March 2-5.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260227039398/en/
Media Relations Contact:
Jamie Post
(607) 974-4843
postjl@corning.com
Investor Relations Contact:
Christopher Keenan
(607) 438-8728
keenanct@corning.com
Original: Corning Launches Corning® Gorilla® Glass Ceramic 3 with Enhanced Drop Durability
US Market News
4月前
Corning Announces Quarterly DividendFebruary 11, 2026 2:49 PM
Business Wire
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 30, 2026, to shareholders of record on February 27, 2026.
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 Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements relate to, among other things, the Company’s Springboard plan, the company’s future operating performance, the company’s share of new and existing markets, the company’s revenue and earnings growth rates, the company’s ability to innovate and commercialize new products, the company’s expected capital expenditure and the company’s implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the company’s manufacturing capacity.
Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that impact the company, there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.
Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strategies; changes in macroeconomic and market conditions and market volatility, including developments and volatility arising from health crisis events, inflation, interest rates, the value of securities and other financial assets, precious metals, oil, natural gas, raw materials and other commodity prices and exchange rates (particularly between the U.S. dollar and the Japanese yen, South Korean won, Chinese yuan, New Taiwan dollar, Mexican peso and euro), decreases or sudden increases of consumer demand, and the impact of such changes and volatility on our financial position and businesses; the availability of or adverse changes relating to government grants, tax credits or other government incentives; the duration and severity of health crisis events, such as an epidemic or pandemic, and its impact across our businesses on demand, personnel, operations, our global supply chains and stock price; possible disruption in commercial activities or our supply chain due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; ability to enforce patents and protect intellectual property and trade secrets; disruption to Corning’s, our suppliers’ and manufacturers’ supply chain, equipment, facilities, IT systems or operations; product demand and industry capacity; competitive products and pricing; availability and costs of critical components, materials, equipment, natural resources and utilities; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; the amount and timing of any future dividends; the effects of acquisitions, dispositions and other similar transactions; the effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; our ability to increase margins through implementation of operational changes, pricing actions and cost reduction measures; rate of technology change; adverse litigation; product and component performance issues; retention of key personnel; customer ability to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws, regulations and international tax standards; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q.
Web Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (https://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260209561747/en/
Media Relations:
Gabrielle Bailey
(607) 684-4557
baileygr@corning.com
Investor Relations:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
Original: Corning Announces Quarterly Dividend
US Market News
5月前
Corning Announces Outstanding 2025 Financial Results (1) – Upgrades Springboard Plan for Faster Sales Growth on Significantly Enhanced Financial ProfileJanuary 28, 2026 12:03 PM
Business Wire
Corning Incorporated (NYSE: GLW) today announced its fourth-quarter and full-year 2025 results and provided its outlook for first-quarter 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260127020453/en/
News Summary:
Company delivers record results for Q4 and full-year 2025 and expects continued growth in Q1:
Q4 core sales and core EPS grew 14% to $4.41 billion and 26% to $0.72, YoY, respectively.
Full-year 2025 core sales grew 13% to $16.41 billion, and core EPS grew 29% to $2.52.
In Q1, management expects YoY growth to accelerate, with core sales up ~15% to a range of $4.2 billion to $4.3 billion, and core EPS growing to a range of $0.66 to $0.70.
Since Springboard launch, Corning transformed its financial profile. From Q4-2023 to Q4-2025:
The company expanded core operating margin 390 bps to 20.2% and core ROIC 540 bps to 14.2%.
Adjusted free cash flow nearly doubled to $1.72 billion for full-year 2025 versus full-year 2023.
Management upgrades Springboard Plan. From the Q4-2023 starting point:
Internal plan now adds $11 billion in incremental annualized sales by the end of 2028, up from original $8-billion plan.
Internal plan now adds $6.5 billion in incremental annualized sales by the end of 2026, up from previous $6-billion plan.
High-confidence plan now adds $5.75 billion in incremental annualized sales by the end of 2026, up from previous $4-billion plan.
(1)
Fourth-quarter GAAP results: Sales were $4.22 billion, gross margin was 35.5%, operating margin was 15.9%, EPS was $0.62, and operating cash flow was $1.05 billion. Full-year GAAP results: Sales were $15.63 billion, gross margin was 36.0%, operating margin was 14.6%, EPS was $1.83, and operating cash flow was $2.70 billion.
Wendell P. Weeks, chairman, chief executive officer, and president, said, “Since the launch of Springboard two years ago, we have transformed Corning’s financial profile: From Q4-2023 to Q4-2025, we expanded core operating margin by 390 basis points to 20.2%, and expanded core ROIC 540 basis points to 14.2%, while nearly doubling adjusted free cash flow to $1.72 billion for full-year 2025. We now have a highly profitable launch point for future growth.”
Weeks continued, “Excitingly, we have even stronger long-term growth ahead. Today, we are upgrading our original Springboard plan to now add $11 billion in incremental annualized sales by the end of 2028, up from our original $8-billion plan.”
Ed Schlesinger, executive vice president and chief financial officer, said, “In 2025, we delivered double-digit core sales growth, with core EPS growing twice as fast as sales and adjusted free cash flow growing three times as fast. We expanded core operating margin and core ROIC 180 and 120 basis points, respectively. We significantly enhanced our financial profile and positioned the company to generate even more profit and cash going forward on our upgraded Springboard growth plan.”
Schlesinger continued, “We enter 2026 with exciting momentum. In Q1, we expect year-over-year growth to accelerate, with core sales up approximately 15% to a range of $4.2 billion to $4.3 billion, and core EPS growing to a range of $0.66 to $0.70. We are also upgrading Springboard. Our internal and high-confidence plans now add $6.5 billion and $5.75 billion in incremental annualized sales by the end of 2026, respectively, up from our previous $6 billion and $4 billion.”
Fourth-Quarter 2025 Financial Highlights:
GAAP sales were $4.22 billion. Core sales were $4.41 billion, up 14% year over year.
GAAP EPS was $0.62. Core EPS was $0.72, up 26% year over year. Differences between GAAP and core EPS include non-cash, mark-to-market adjustments associated with the company’s translated earnings contracts and foreign-denominated debt as well as constant currency adjustments.
GAAP gross margin was 35.5%. Core gross margin was 38.1%.
GAAP operating margin was 15.9%. Core operating margin was 20.2%.
GAAP operating cash flow was $1.05 billion, and adjusted free cash flow was $732 million.
Full-Year 2025 Financial Highlights:
GAAP sales were $15.63 billion. Core sales were $16.41 billion, up 13% year over year.
GAAP EPS was $1.83. Core EPS was $2.52, up 29% year over year. Differences between GAAP and core EPS include non-cash, mark-to-market adjustments associated with the company’s translated earnings contracts and foreign-denominated debt as well as constant currency adjustments.
GAAP gross margin was 36.0%. Core gross margin was 38.4%.
GAAP operating margin was 14.6%. Core operating margin was 19.3%.
GAAP operating cash flow was $2.70 billion, and adjusted free cash flow was $1.72 billion.
Corning and Meta Announce Multiyear, Up to $6-Billion Agreement:
This long-term partnership with Meta reflects Corning’s commitment to develop, innovate, and manufacture the critical technologies that power next-generation data centers in the United States.
Fourth-Quarter and Full-Year 2025 Results and Comparisons
(In millions, except per-share amounts)
Results (GAAP)
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$4,215
$4,100
$3,501
3%
20%
$15,629
$13,118
19%
Net Income(1)
$540
$430
$310
26%
74%
$1,596
$506
215%
Diluted EPS
$0.62
$0.50
$0.36
24%
72%
$1.83
$0.58
216%
(1)
Represents GAAP net income attributable to Corning Incorporated.
Core Results (Non-GAAP)(1)
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Core Sales
$4,412
$4,272
$3,874
3%
14%
$16,408
$14,469
13%
Core Net Income
$624
$585
$497
7%
26%
$2,199
$1,699
29%
Core EPS
$0.72
$0.67
$0.57
7%
26%
$2.52
$1.96
29%
(1)
Core performance measures are non-GAAP financial measures. The reconciliation between GAAP and non-GAAP measures is provided in the tables following this news release as well as on the company’s website.
Fourth-Quarter and Full-Year 2025 Segment Results
(In millions)
The fourth-quarter and full-year 2025 results below are prepared on a basis consistent with Corning’s segment reporting as presented in the company’s consolidated financial statements.
As of Jan. 1, 2025, the company moved its Automotive Glass Solutions business along with its Environmental Technologies business into a new Automotive segment. The comparative segment information has been recast to conform to the changes in Corning's segment reporting.
Optical Communications
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$1,701
$1,652
$1,368
3%
24%
$6,274
$4,657
35%
Net Income
$305
$295
$194
3%
57%
$1,048
$612
71%
Display
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$955
$939
$971
2%
(2%)
$3,697
$3,872
(5%)
Net Income
$257
$250
$262
3%
(2%)
$993
$1,006
(1%)
Specialty Materials
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$544
$621
$515
(12%)
6%
$2,211
$2,018
10%
Net Income
$99
$113
$81
(12%)
22%
$367
$260
41%
Automotive
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$440
$454
$446
(3%)
(1%)
$1,794
$1,846
(3%)
Net Income
$63
$68
$61
(7%)
3%
$278
$261
7%
Life Sciences
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$246
$242
$250
2%
(2%)
$972
$979
(1%)
Net Income
$14
$16
$18
(13%)
(22%)
$61
$63
(3%)
Hemlock and Emerging Growth Businesses
Q4 2025
Q3 2025
Q4 2024
Q/Q
Y/Y
FY 2025
FY 2024
Y/Y
Net Sales
$526
$364
$324
45%
62%
$1,460
$1,097
33%
Net Income (Loss)
$1
($1)
$10
*
(90%)
($26)
$42
*
*
Not meaningful
Upcoming Investor Events
Corning will attend the Susquehanna Fifteenth Annual Technology Conference on Feb. 27 and the Morgan Stanley Technology, Media & Telecom Conference on March 3. Additionally, Corning will be scheduling management visits to investor offices in select cities. Visit the company’s Investor Relations website for up-to-date information.
Fourth-Quarter Conference Call Information
The company will host its fourth-quarter conference call on Wednesday, Jan. 28, at 8:30 a.m. EST. To participate, individuals may preregister here prior to the start of the call. Once the required fields are completed, click “Register.” A telephone number and PIN will be auto generated and will pop up on screen. Participants will have the choice to “Dial In” or have the system “Call Me.” A confirmation email will also be sent with specific dial-in information. To listen to a live audio webcast of the call, go to the company’s Investor Relations events page and follow the instructions.
Presentation of Information in this News Release
This news release includes non-GAAP financial measures. Non-GAAP financial measures are not in accordance with, or an alternative to, GAAP. Corning’s non-GAAP financial measures exclude the impact of items that are driven by general economic conditions and events that do not reflect the underlying fundamentals and trends in the company’s operations. The company believes presenting non-GAAP financial measures assists in analyzing financial performance without the impact of items that may obscure trends in the company’s underlying performance. Definitions of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found on the company’s website by going to the Investor Relations page and clicking “Quarterly Results” under the “Financials and Filings” tab. These reconciliations also accompany this news release.
With respect to the outlook for future periods, it is not possible to provide reconciliations for these non-GAAP measures because management does not forecast the movement of foreign currencies against the U.S. dollar, or other items that do not reflect ongoing operations, nor does it forecast items that have not yet occurred or are out of management’s control. As a result, management is unable to provide outlook information on a GAAP basis.
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 Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements relate to, among other things, the Company’s Springboard plan, the company’s future operating performance, the company’s share of new and existing markets, the company’s revenue and earnings growth rates, the company’s ability to innovate and commercialize new products, the company’s expected capital expenditure and the company’s implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the company’s manufacturing capacity.
Although the company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business and key performance indicators that impact the company, there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws.
Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and other countries, and related impacts on our businesses’ global supply chains and strategies; changes in macroeconomic and market conditions and market volatility, including developments and volatility arising from health crisis events, inflation, interest rates, the value of securities and other financial assets, precious metals, oil, natural gas, raw materials and other commodity prices and exchange rates (particularly between the U.S. dollar and the Japanese yen, South Korean won, Chinese yuan, New Taiwan dollar, Mexican peso and euro), decreases or sudden increases of consumer demand, and the impact of such changes and volatility on our financial position and businesses; the availability of or adverse changes relating to government grants, tax credits or other government incentives; the duration and severity of health crisis events, such as an epidemic or pandemic, and its impact across our businesses on demand, personnel, operations, our global supply chains and stock price; possible disruption in commercial activities or our supply chain due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, international trade disputes or major health concerns; loss of intellectual property due to theft, cyber-attack, or disruption to our information technology infrastructure; ability to enforce patents and protect intellectual property and trade secrets; disruption to Corning’s, our suppliers’ and manufacturers’ supply chain, equipment, facilities, IT systems or operations; product demand and industry capacity; competitive products and pricing; availability and costs of critical components, materials, equipment, natural resources and utilities; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; the amount and timing of any future dividends; the effects of acquisitions, dispositions and other similar transactions; the effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; our ability to increase margins through implementation of operational changes, pricing actions and cost reduction measures; rate of technology change; adverse litigation; product and component performance issues; retention of key personnel; customer ability to maintain profitable operations and obtain financing to fund ongoing operations and manufacturing expansions and pay receivables when due; loss of significant customers; changes in tax laws, regulations and international tax standards; the impacts of audits by taxing authorities; the potential impact of legislation, government regulations, and other government action and investigations; and other risks detailed in Corning’s SEC filings.
For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q.
Web Disclosure
In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, Corning Incorporated (“Corning”) wishes to notify investors, media, and other interested parties that it uses its website (https://www.corning.com/worldwide/en/about-us/news-events.html) to publish important information about the company, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that the company uses may be updated on Corning’s media and website from time to time. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts.
About Corning Incorporated
Corning (www.corning.com) is one of the world’s leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning’s capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260127020453/en/
Media Relations:
Gabrielle Bailey
(607) 684-4557
baileygr@corning.com
Investor Relations:
Ann H.S. Nicholson
(607) 974-6716
nicholsoas@corning.com
Original: Corning Announces Outstanding 2025 Financial Results (1) – Upgrades Springboard Plan for Faster Sales Growth on Significantly Enhanced Financial Profile
Oleblue
2年前
This Stock Is About to Get an AI Boost. No One Is Paying Attention—Yet.
Savitz, Eric J
Finding fresh opportunities to invest in artificial intelligence is daunting, which explains why investors just keep pouring money into a handful of the same ideas. Nvidia has rallied 43% over the past month. In the same span, Arm Holdings has jumped 35%, C3.ai is up 22%, and Taiwan Semiconductor has gained 14%. AI plays, all.
Wall Street has recently started to fret about AI's profit potential outside of Nvidia, but this past week emboldened the bulls. It started with Apple's long-awaited unveiling of its AI strategy at the company's Worldwide Developers Conference . Apple stock rallied 11% on the news, with investors seemingly convinced a new iPhone upgrade cycle is coming. The Apple news was followed by AI-juiced earnings reports from Oracle, Broadcom, and Adobe, sparking double-digit stock rallies for all three, and spurring a renewed hunt for AI ideas .
I've got one for you: specialty glassmaker Corning. Founded in 1851, Corning makes highly engineered glass for a host of applications: Glass for TVs, PCs, and mobile phones. Glass for automotive displays and pollution control systems. Glass for vaccine vials and solar panels. And glass in the form of fiberoptic cable, which is used, among other places, in AI data centers.
Corning's recent financial results have been ugly. Revenue has been down year over year for six straight quarters, and the June quarter will likely extend the string to seven. Declines in multiple key markets—smartphones, TVs, autos, and telecommunications—have battered the business.
But CEO Wendell Weeks thinks a turnaround is at hand, thanks to improvements in the underlying businesses along with underappreciated new opportunities. Like AI.
Weeks sees a "springboard" coming. He predicts Corning can boost annual revenue by at least $3 billion by 2026—and potentially as much as $5 billion—on top of the $13.6 billion in revenue the company reported in 2023.
"Material science is really slow, until it gets fast," Weeks told me this past week. "You work in an area, and you work, and it takes a long time. We're talking about the composition of matter. And then a catalyzing customer application comes along and all of a sudden you have a big secular trend take off." That trend? Well, you know.
Before we get to the details, it's worth noting a few other things playing in Corning's favor.
"The springboard framework is all about this combination of cyclical and secular growth coming together," Weeks says. "We have this $3 billion-plus sales opportunity over the next three years in which we have high confidence. And because we already have the capacity in place to execute on that, the margins in the incremental revenue should be outstanding." That's an important point: Corning doesn't need to spend a fortune here to build infrastructure.
On the cyclical side, Corning sees growth ahead in the automotive sector, for curved glass displays inside electric and autonomous vehicles, and from increased use of its gas particulate filters, widely used overseas and about to get adopted in the U.S. thanks to new Environmental Protection Agency emissions rules.
Weeks also sees a rebound coming in non-AI fiberoptic cable. That business has been down double-digits over the past year, including a 17% drop in the March quarter. But, Weeks says, it has averaged 7% growth over the long haul, and should rebound as telcos work down inventory.
Meanwhile, Weeks expects Corning to start seeing increased fiber demand next year from the rollout of a $42.5 billion federal government program known as BEAD—Broadband Equity, Access, and Deployment—to make high-speed connectivity available in underserved areas. He also sees a boost to display glass volumes from a gradual increase in average TV screen sizes.
But the big opportunity comes from AI. As Weeks notes, fiberoptic cable is crucial to every cloud data center, linking processors to each other. That is even more important for AI, where the computing power comes from the interconnection of thousands and someday millions of graphics processing units, or GPUs, made by Nvidia and others. "I have been doing this a long time," Weeks says. "And we have a pretty unprecedented opportunity right now."
Weeks says systems that rely on Nvidia's popular Hopper H100 GPUs require 10 times the fiber used in a conventional server rack.
Corning formed a dedicated team four years ago to solve the problem, Weeks notes. The company invented thinner fiber, new cabling, new connectors, and a new system to tie them together. Weeks says the new approach offers 60% higher density and 70% less labor for installation. The system starts shipping this quarter.
The math should steadily improve for Corning as systems get even denser over time. When Nvidia launches its powerful new Blackwell chips later this year, the number of GPUs per rack more than doubles, to 74 from 32. That means more connections, and more fiber. When that happens, Weeks says, Corning's revenue per rack should double.
Corning shares have rallied 25% this year, but they still trade at a relatively modest 2.3 times expected 2024 sales, and about 20 times adjusted earnings. With growth set to explode and its AI business still emerging, the undiscovered Corning story might not stay that way for long.
This Stock Is About to Get an AI Boost. No One Is Paying Attention—Yet. https://t.co/osonzmroR7— Barron's (@barronsonline) June 14, 2024
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