Corning shares ‘Springboard’ operating-margin target of 20% by end of 2026

Corning announced it will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide significant updates to its “Springboard” plan to add more than $3B in annualized sales with strong incremental profit and cash flow in the next three years. Wendell Weeks, chairman and Chief Executive Officer, said, “I’m very pleased with the progress we have made on our ‘Springboard’ plan to add more than $3B in annualized sales by 2026. The plan leads to an improving return profile, with profits growing significantly faster than sales. Today, we are sharing our Springboard operating-margin target of 20% by the end of 2026. We are implementing price increases in Display Technologies and expect to deliver segment net income of $900M to $950M in 2025, and to maintain net income margin of 25%. Additionally, our positive momentum in Optical Communications continues – Enterprise sales are expected to grow by more than 40% year over year in the third quarter, driven by the continued strong adoption of our generative AI products.”