Summary

• Corning Incorporated is positioned for robust growth, driven by major optics and solar business momentum and multi-year hyperscaler deals, notably with Meta Platforms.
• GLW's Springboard plan targets $11B in incremental annualized revenue by 2028, with solar aiming for $2.5B, supported by aggressive capacity expansions and strong data center demand.
• Despite near-term headwinds in solar due to facility overhaul, Corning is positioning for higher capacity production to service the growing market.
• I recommend GLW as a Buy with a $203/share price target (22.93x eFY28 EV/aEBITDA), though near-term volatility is possible until post-investor event clarity.

Corning Incorporated (GLW) reported a robust start to FY26 with significant strength in the optics and solar businesses. With an announced multi-year, multibillion-dollar deal with Meta Platforms (META) announced to expand

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