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Corning Incorporated (GLW) Presents at J.P. Morgan 54th A...
2026-05-19 · via All Articles on Seeking Alpha

Corning Incorporated (GLW) J.P. Morgan 54th Annual Global Technology, Media and Communications Conference May 19, 2026 9:25 AM EDT

Company Participants

Edward Schlesinger - Executive Vice President & Chief Financial Officer
Avery Nelson - Executive VP & COO

Conference Call Participants

Samik Chatterjee - JPMorgan Chase & Co, Research Division

Presentation

Samik Chatterjee
JPMorgan Chase & Co, Research Division

Good morning, everyone. Welcome to the fireside chat with Corning, and I have the pleasure of hosting Hal Nelson, who's the SVP and Chief Operating Officer; and Edward Schlesinger, who is the EVP and Chief Financial Officer. So thank you both for coming to the conference, and thank you to the audience as well for being here. Maybe it's a good time just given that you just did your investor event. So we'll focus a lot on that in terms of the discussion here.

Question-and-Answer Session

Samik Chatterjee
JPMorgan Chase & Co, Research Division

You just did the investor event on May 6, where you extended your Springboard plans through 2030 with a $40 billion sales target. Can you just help investors understand the building blocks and sequencing as they think from your trajectory from the $20 billion revenue to $40 billion revenue?

Edward Schlesinger
Executive Vice President & Chief Financial Officer

Yes, thanks. So first of all, thanks for having us. It's great to be here. Thanks for everyone attending. So maybe before I answer that question, just to go back for those that maybe haven't followed, about 2 years ago, 2.5 years ago, we launched a growth plan. We called it Springboard. We were about a $13 billion company. Our operating margin was around 16%, and we had put a significant amount of capacity in place across most of our businesses. And we had expected to fill that capacity, grow sales and improve our margins. We had set a target of growing sales, about $8 billion from that level, so