Corning (GLW) Is Up 16.2% After Meta Fiber Deal And Strong Q4 Earnings Beat Expectations – Has The Bull Case Changed?

• In late January 2026, Corning Incorporated reported fourth-quarter 2025 sales of US$4,215 million and net income of US$540 million, alongside a full-year 2025 net income of US$1,596 million on sales of US$15.63 billion.
• Corning and Meta Platforms also jointly announced a multiyear agreement valued at up to US$6 billion for advanced optical fiber, cable, and connectivity solutions to support Meta’s AI-focused U.S. data centers, backed by Corning’s planned manufacturing expansion in North Carolina.
• We’ll now examine how the Meta fiber agreement and Corning’s stronger earnings profile shape the company’s investment narrative going forward.

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What Is Corning's Investment Narrative?

For Corning, the investment story now rests on believing it can convert its materials science strengths into durable cash flows from AI data centers and high-performance connectivity. The Meta agreement, at up to US$6 billion, sharply raises the visibility of near- to medium-term optical demand and reinforces why hyperscale customers have become so central to the thesis. Coupled with a much stronger 2025 earnings profile, it also shifts near-term catalysts toward execution: ramping North Carolina capacity, protecting margins as volumes scale, and managing customer concentration risk with Meta anchoring a larger share of future sales. At the same time, the stock’s very high earnings multiple and powerful share price run mean expectations already reflect a lot of this excitement, leaving less room for operational missteps or a moderation in AI-driven infrastructure spending.

However, investors also need to weigh how much of the AI and Meta story is already reflected in today’s valuation. Corning's shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

Seven Simply Wall St Community fair value views span roughly US$71 to just over US$115 per share, showing how differently people are thinking about Corning. Set against the recent Meta deal and sharp earnings improvement, this spread underlines how sensitive the Corning story is to assumptions about AI data center demand and the company’s ability to sustain today’s stronger profitability.

Explore 7 other fair value estimates on Corning - why the stock might be worth as much as $115.39!

Build Your Own Corning Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Corning research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Corning research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Corning's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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