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An update from Corning ( (GLW) ) is now available.
Corning Incorporated has shared an optimistic update on its “Springboard” plan, aiming to add over $3 billion in annualized sales and achieve a 20% operating margin by 2026. Amidst this growth, the company is raising prices in its Display Technologies segment, projecting a net income of $900 million to $950 million for 2025 with a 25% margin. The company also forecasts a 40% increase in Optical Communications Enterprise sales for the third quarter of 2024, further buoyed by strong demand for its generative AI optical-connectivity products. Corning maintains its previously issued third-quarter sales and EPS guidance, underscoring confidence in its strategic direction and financial targets.
Learn more about GLW stock on TipRanks’ Stock Analysis page.