Corning expects to reach $20B annualized sales run rate by end of 2026

Highlights: Corning (GLW) expects to achieve its 2026 internal Springboard plan, which it upgraded in January, to add $6.5 billion in incremental annualized sales, from its Q4-2023 starting point, reaching a $20 billion annualized sales run rate by the end of 2026. The company is upgrading its 2028 Springboard plan: Corning is upgrading its internal Springboard plan to now grow sales to a $30 billion annualized run rate by the end of 2028, as it captures a $17 billion spring versus the $11 billion spring it outlined in January. The company is now also providing a high-confidence plan to grow sales to a $27 billion annualized run rate by the end of 2028. Corning extends Springboard through 2030: Corning is extending its internal Springboard plan to grow sales to a $40 billion annualized run rate by the end of 2030. The company is also providing a high-confidence plan to grow sales to a $35 billion annualized run rate by the end of 2030.