A supply chain update sends Corning Incorporated stocks trading up by 7.32 percent.
Key Takeaways
- Stock climbs nearly 16% as a major $6B deal with Meta Platforms is announced.
- New agreement showcases Corning’s increasing prowess in data-center expansion.
- Recent earnings report reveals core revenue and EPS growth.
- Strategic moves demonstrate potential for sustained future growth.
- Analysts raise price targets, expecting stronger performance driven by new contracts.
Live Update At 16:02:04 EST: On Friday, February 20, 2026 Corning Incorporated stock [NYSE: GLW] is trending up by 7.32%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.
Quick Financial Overview
In the latest earnings release, Corning showcased compelling growth metrics. Core earnings per share (EPS) rose to $0.72 per share, nudging past expectations. Meanwhile, total revenue reached $4.41B when analysts anticipated $4.36B. This growth wasn’t just a fluke; it stemmed from robust improvements across several key metrics. Core operating margin increased significantly, affirming the company’s enhanced operational efficiency. Better still, Corning nearly doubled its adjusted free cash flow to $1.72 billion in 2025, a strategic advantage indicating strong cash management — an area where many tech firms stumble.
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Corning has also upgraded its decade-long Springboard Plan: aiming for $11B in new sales by 2028, stepping up from the previously set $8B target. Such ambition reveals a proactive strategy targeting substantial sales pickups in the coming years. The plan is aimed at accelerating sales growth and maximizing enterprise value. Investors saw these advancements as positive signals, contributing to the upbeat market response.
Market Reactions
The standout revelation, however, was the announcement of Corning’s multiyear agreement with Meta Platforms, valued up to $6 billion. Right after the news hit, Corning’s stock price soared drastically. Shares climbed by 17%, instantly making it the best performer on the S&P 500 for that period. For context, this deal involves supplying Meta with critical optical fiber and connectivity solutions, key to Meta’s U.S. data center expansion.
Such agreements not only boost Corning’s immediate financials but also corner the firm into a lucrative tech vertical. The fiber optics domain, tied closely to cloud computing and social media networks, offers sustained revenue streams. Moreover, with Meta as the anchor customer for its new North Carolina facility, Corning reassures the market about steady demand and throughput.
Analysts have responded with resounding optimism. HSBC, for instance, has elevated its price target to $135, up from $124, highlighting Meta-sized deals as transformative yet underrepresented in prior outlooks. Similarly, Susquehanna and Citi have incremented their targets post announcement, bolstering investor confidence further.
Conclusion
In essence, this wave of positive news elucidates Corning’s strategic advances and future growth architecture. The multibillion-dollar deal with Meta asserts the firm’s industry positioning, set to capitalize on the evolving digital landscape. Beyond immediate financial gains, this partnership validates Corning’s ongoing innovations and impactful strategies. With optimism running high, experts agree that the outlook for Corning remains strong, suggesting potential for continued stock appreciation in the coming quarters. As Tim Bohen, lead trainer with StocksToTrade says, “A consistent trading routine beats sporadic action every time. Show up daily, and you’ll start to see the patterns others miss.” Traders seem poised to monitor forthcoming developments and possible similar contracts in the pipeline, affirming a positive trajectory for Corning.
This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Our coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, we break down the events that can spark significant price action.
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