Corning's Revenue Growth Driven by AI Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2024
0mins
Should l Buy GLW?
Source: WSJ
Corning Inc's stock rose 3.76% as it reached a 20-day high, reflecting strong investor interest.
The company anticipates a core revenue of $4.35 billion for Q4 2025, leading to an annual total of $16.3 billion, which is a 13% year-over-year increase. This growth is driven by a 33% revenue increase in the optical communications segment, particularly due to AI-related demand. Additionally, Corning reported a net income of $585 million in Q3, a 26% rise from the previous year, showcasing strong performance and profitability in the optical communications sector.
With the optical fiber market for data centers expected to double or triple, Corning's stock presents significant upside potential in 2026, particularly as AI developers' infrastructure upgrade demands continue to escalate.
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Analyst Views on GLW
Wall Street analysts forecast GLW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLW is 99.00 USD with a low forecast of 83.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 112.790
Low
83.00
Averages
99.00
High
110.00
Current: 112.790
Low
83.00
Averages
99.00
High
110.00
About GLW
Corning Incorporated operates as an innovator in materials science. Its segments include Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. Its Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Its Display Technologies segment manufactures glass substrates for flat-panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment develops, manufactures and supplies laboratory products, including labware, equipment, media, serum and reagents, enabling workflow solutions for drug discovery and bioproduction.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Meta Deal Boosts Growth: Meta has placed a multi-year order worth $6 billion with Corning, which is expected to significantly drive growth in Corning's enterprise optical communications business, especially with the construction of its hyperscale data centers, enhancing revenue and market share.
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