Corning, a publicly owned company headquartered in the US, was founded in 1851 and employs approximately 18,380 individuals, reporting $15.6B in revenue as of 2025. The company specializes in Glass, Ceramics and Concrete Manufacturing, serving markets that include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Corning's products encompass damage-resistant cover glass for mobile devices, precision glass for advanced displays, optical fiber, wireless technologies, and connectivity solutions for communications networks, as well as products to accelerate drug discovery and delivery, and clean-air technologies for cars and trucks.
Corning plans to raise prices for its yen-denominated display glass substrate products by 15% or more worldwide, effective in the fourth quarter of 2026. On September 17, 2026, Corning and its industry partners completed the SDM4 Multicore Fiber Multi-Source Agreement, releasing a shared technical specification for high-density multi-vendor optical fiber links, specifically targeting growing AI data center and campus network traffic. This follows a 13.7% decline in Corning's stock price, or $22.80 per share, to close at $143.60 on September 14, 2026. The drop occurred after Corning announced an at-the-market equity offering program on September 11, 2026, to sell up to $2 billion in common shares through Goldman Sachs, intending to use net proceeds for general corporate purposes, including funding AI-focused optical projects and capacity expansions. The Pomerantz Law Firm concurrently announced an investigation into claims on behalf of Corning investors regarding this offering. Earlier, in the first half of 2026, Corning entered a multiyear agreement with Meta valued at up to $6 billion, as part of expanding its relationships with technology, cloud networking, and telecom companies.
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