New York, Feb 24, 2026, 14:07 EST — Regular session
- The stock jumped roughly 4% during the afternoon session, touching a new 52-week high for a short stretch.
- The stock surged Monday, clearing its previous 52-week high on strong volume.
- Eyes now shift to conference appearances slated for later in the week, with the dividend record date also coming up.
Corning shares climbed roughly 4% on Tuesday, tacking on more gains to a rally that’s already pushed the stock to fresh highs several times this month. Shares were last up 3.95% at $150.99, after peaking at $152.91—a new 52-week high. (Barchart.com)
This shift is in focus right now as investors zero in on the “picks-and-shovels” play tied to generative AI—the hardware and materials fueling a rapid buildout of data centers. Corning, a supplier of optical fiber and connectivity gear for linking up servers and racks, sits in a segment where demand can whipsaw as major buyers ramp up their budgets.
Stocks gained across the board, but Corning grabbed attention with a standout jump. The S&P 500 and Nasdaq both climbed between 0.7% and 1% during the session. (Reuters)
The stock surged 4.11% Monday, finishing at $145.25 and hitting a fresh 52-week high—its second consecutive gain. MarketWatch data showed roughly 18.5 million shares changed hands, more than twice the 50-day average. (MarketWatch)
Nasdaq.com flagged Corning as one of the busiest premarket movers before Monday’s bell, highlighting a shift in earnings sentiment. Over the last month, analysts have bumped up their March-quarter profit outlook three times, with the consensus now pegged at $0.69 per share—the current Street average. (Nasdaq)
Corning’s shares have jumped, helped by its bigger bet on data-center connectivity. Back in late January, Corning secured a multiyear deal with Meta Platforms that could reach $6 billion, covering optical fiber, cable, and connectivity gear. That agreement comes alongside Corning’s plans for more manufacturing in North Carolina. “Building the most advanced data centers in the U.S. requires world-class partners and American manufacturing,” said Joel Kaplan, Meta’s Chief Global Affairs Officer. (Corning)
Corning’s guidance shaped the trade here. In its late-January update, the company projected “core” sales—its preferred non-GAAP metric—would climb roughly 15% from a year earlier, landing between $4.2 billion and $4.3 billion for the first quarter. Core EPS? The range: $0.66 to $0.70. “We enter 2026 with exciting momentum,” CFO Ed Schlesinger told investors. (Corning Investor Relations)
Right now, Corning is getting lumped in with data-center infrastructure plays rather than its old image as a consumer-glass stock. Sure, Gorilla Glass and display glass remain part of the mix—those lines still rise and fall with smartphones and TVs—but lately the spotlight is on optical connectivity. That’s where the AI construction boom is pushing orders higher.
Investors will be watching two upcoming events for new numbers. Corning heads to the Susquehanna technology conference virtually on Feb. 27. Not long after, Schlesinger is lined up for Morgan Stanley’s Technology, Media & Telecom conference, set for March 3 in San Francisco. (Corning Investor Relations)
Another date for shareholders: Corning set its quarterly dividend at $0.28 per share, with the payment scheduled for March 30 to those holding shares as of Feb. 27. (Corning)
Even so, the risk is clear. Shares have moved up rapidly, banking on data center budgets holding strong and fiber and cable orders remaining steady. If project timelines slip, big-tech slows spending, or demand weakens in Corning’s cyclical markets, this rally could lose steam in a hurry.
Eyes now shift to Susquehanna’s Feb. 27 event this Friday, as investors scan for updates on demand or capacity. The following marker is the Morgan Stanley conference, set for March 3.
