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Corning (GLW) Jumps 8% on AI Optimism, Ahead of Dividends

by theadvisertimes.com
5 months ago
in Business
Reading Time: 2 mins read
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Corning (GLW) Jumps 8% on AI Optimism, Ahead of Dividends
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Corning Inc. (NYSE:GLW) is one of the 10 Stocks Grabbing Investor Attention Today.

Corning rallied for a second day on Tuesday, jumping 8.43 percent to finish at $142.01 apiece, as investors loaded portfolios in technology stocks benefitting largely from the booming AI, while fleeing industries seen as vulnerable to the ongoing tensions in the Middle East.

In other news, shareholders of Corning Inc. (NYSE:GLW) on record as of February 27, 2026, are set to receive on Monday, March 30, amounting to $0.28 of cash per share held as part of its quarterly dividend payout.

Corning Meta

Photo from Meta Platforms

This followed its strong earnings performance last year, with full-year net income more than tripling to $1.596 billion versus only $506 million in 2024. Net sales grew by 19 percent to $15.6 billion from $13.1 billion year-on-year.

In the fourth quarter alone, net income increased by 26 percent to $540 million from $310 million, while net sales inched up by 3 percent to $4.2 billion from $3.5 billion.

Looking ahead, Corning Inc. (NYSE:GLW) is targeting higher net sales growth of $11 billion in incremental annualized sales over the next two years, versus $8 billion previously. For this year alone, incremental annualized sales are targeted at $6.5 billion, up from its $6 billion outlook earlier.

Both targets form part of what the company dubs as “Springboard plan”—a strategic multi-year initiative to drive growth between 2023 and 2028.

For the first quarter of the year, Corning Inc. (NYSE:GLW) is targeting core sales to a range of $4.2 billion to $4.3 billion, while earnings per share are pegged at $0.66 to $0.70.

While we acknowledge the risk and potential of GLW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GLW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.



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