by monexa-ai
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Monexa for Analysts
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Corning posted **FY2024 revenue of $13.12B (+4.21%)** while net income fell to **$506MM (-12.91%)**. We examine cash flow, leverage, the Apple deal and AI-driven optical demand.
Corning's Q3 earnings reveal operational leverage across businesses as optical communications surges 58%, Apple partnership cements strategic positioning.
Corning raised its Springboard targets — adding >$4B in annualized sales and a 20% operating margin by end‑2026 — shifting the company from cyclical industrial to growth play.
Data-driven update on Corning ([GLW]) after Q2 beats, Springboard upgrade and Apple’s ~$2.5B commitment — valuation, cash flow and dividend signals investors should track.