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Reuters
Wed, January 28, 2026 astatine 6:36 AM CST 1 min read
Jan 28 (Reuters) - Corning connected Wednesday forecast first-quarter income supra estimates, boosted by resilient demand for its fiber‑optic products, which make nearly 40% of the company's revenue.
The Gorilla Glass maker, a cardinal supplier to Apple, has stepped up concern successful its optical communications concern arsenic large exertion companies contention to grow data‑center infrastructure to support rising AI workloads.
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On Tuesday, Corning inked an up to $6 cardinal multi‑year woody with Meta Platforms to proviso fiber‑optic cables for the societal media giant's AI‑focused information centers.
Corning's optical connectivity hardware is cardinal to handling the dense computing and data‑transmission requirements of modern AI infrastructure.
The company's shares person risen astir 26% this year, extending their 84% summation successful 2025.
For the archetypal 4th of 2026, Corning expects halfway income successful the scope of $4.2 cardinal to $4.3 billion, the mid-point of which is above analysts' estimates of $4.23 billion, according to information compiled by LSEG.
The company's optical communications division recorded net income of $1.70 cardinal for the 4th quarter, successful enactment with estimates.
Core income for the 4th bushed expectations astatine $4.41 billion, compared with estimates of $4.35 billion.
(Reporting by Kritika Lamba successful Bengaluru; Editing by Jonathan Ananda)
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