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Corning Targets $20B Annualized Sales Run Rate as Verizon Fiber Deal Boosts Growth

Corning logoCorning
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Verizon logoVerizon
Sig3.20Sen+2.60Env0.00Soc0.00Gov0.00

Corning said it has secured a major fiber deal with Verizon as demand for AI infrastructure drives growth in optical communications and related applications. CFO Ed Schlesinger expects an annualized $20B sales run rate in the third quarter, earlier than planned, and higher confidence in the company’s Springboard targets of $30B by 2028 and $40B by 2030, with more visibility from new customer agreements.

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