Corning (GLW) Stock: Meta Partnership Brings $6 Billion Data Center Deal

TLDR

• Corning and Meta signed a multiyear deal worth up to $6 billion for optical fiber, cable, and connectivity solutions for U.S. data centers
• Corning will expand its North Carolina manufacturing capabilities, with Meta serving as anchor customer at the Hickory optical cable facility
• The partnership is expected to increase Corning’s North Carolina workforce by 15 to 20 percent, maintaining over 5,000 employees in the state
• The agreement supplies Corning’s latest generation optical fiber and connectivity products designed for AI data center demands
• Corning recently exceeded Q3 2025 earnings expectations with $0.67 EPS and $4.27 billion in revenue

Corning and Meta have entered a multiyear agreement valued at up to $6 billion. The deal will supply advanced optical fiber, cable, and connectivity solutions for Meta’s data centers across the United States.

Corning Incorporated, GLW

The partnership centers on building infrastructure to support Meta’s applications, technologies, and artificial intelligence initiatives. Corning will provide its newest innovations in optical fiber and connectivity products.

Meta will serve as the anchor customer for a major expansion at Corning’s optical cable manufacturing facility in Hickory, North Carolina. The company plans to expand manufacturing capabilities across its North Carolina operations.

Joel Kaplan, Chief Global Affairs Officer at Meta, stated that building advanced data centers in the U.S. requires world-class partners and American manufacturing. The deal represents a commitment to domestic production.

Wendell Weeks, Chairman and CEO of Corning, emphasized that the investment will expand the company’s manufacturing footprint in North Carolina. The partnership will help sustain a skilled workforce at two of the world’s largest optical fiber and cable manufacturing facilities.

Employment Growth Expected

The collaboration is projected to increase Corning’s employment levels in North Carolina by 15 to 20 percent. The company maintains a workforce of more than 5,000 employees in the state.

The expansion includes scientists, engineers, and production teams working at the manufacturing facilities. The deal aims to strengthen domestic supply chains for advanced data center technology.

Corning’s products under this agreement are designed to meet the density and scale demands of advanced AI data centers. The optical fiber and connectivity solutions represent the company’s latest generation technology.

Strong Recent Performance

Corning recently reported strong financial results for the third quarter of 2025. The company achieved earnings per share of $0.67, beating Wall Street’s forecast of $0.66.

Revenue reached $4.27 billion compared to the anticipated $4.24 billion. The company has posted an 18.27 percent revenue growth over the last twelve months.

The stock has delivered a 95.35 percent price return over the past year. Corning has maintained dividend payments for 19 consecutive years.

UBS recently raised its price target for Corning to $109 from $100, maintaining a Buy rating. The firm cited strong growth in Corning’s optical segment driven by data center expansion.

UBS increased its sales estimates for 2026 and 2027, revising growth forecasts upward. Analysts expect continued profitability in the coming year.

Corning is trading near its 52-week high of $96.64 with a market capitalization of $81.41 billion. The stock gained 15.58 percent following the Meta partnership announcement.

Meta plans to invest up to $6 billion in Corning’s fiber-optic cable technology through 2030 to support its expanding AI data center infrastructure.

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