Our Business Segments | Investor Relations | Corning

We use cookies to ensure the best experience on our website.
View Cookie Policy
/cala/es/corning-cookie-policy.html
_self
Accept Cookie Policy
Change My Settings
ESSENTIAL COOKIES
Required for the site to function.
PREFERENCE AND ANALYTICS COOKIES
Augment your site experience.
SOCIAL AND MARKETING COOKIES
Lets Corning work with partners to enable social features and marketing messages.
ALWAYS ON
ON
OFF

This site is best viewed in a modern web browser. Please update your browser for the best experience possible.

Close[x]

Corning offers investors a wide array of market opportunities with diverse capabilities across five reportable segments.

Display Technologies

Display Technologies

Our glass substrates enable the thin, high-resolution, multi-function displays needed for the growing consumer electronics market. Corning is driving advanced glass display technology forward with solutions both scalable and durable.

Product or innovation highlights

Corning® Iris™ glass, which enables thinner displays while replacing plastic light-guide plates, earned the display-of-the-year award at SID 2016.

We created our third-generation, high-performance display glass substrate, Lotus™ NXT, to support high-resolution LCD and OLEDs with LTPS and Oxide backplanes. It offers the best-in-class glass dimensional stability, which is named “Total Pitch Variation”, in panel makers’ high-temperature manufacturing processes. In October 2015 Samsung Display announced that the company would use Lotus NXT glass for its line of low-temperature polysilicon (LTPS) organic light-emitting diode (OLED) panels. 

Recent performance, outlook and market opportunities

In the third quarter of 2016, panel makers increased utilization to meet strong set maker demand in advance of the fourth-quarter peak retail season. As a result, glass market volume was up by a high-single digit percentage sequentially, above expectations. Corning’s LCD glass volume was up slightly more than the market due to customer mix. Price declines remained moderate, as expected.

The company expects panel maker utilization to remain high and for glass supply to remain tight in the fourth quarter. Sequentially, fourth-quarter volume is expected to be consistent to slightly down, in line with the glass market, as the company’s full-year outlook has not changed.

Environmental Technologies

Environmental Technologies

We develop emissions control products for major vehicle and engine manufacturers. Our ceramic substrates and particulate filters form the core of world-class pollution control systems, making us a leader in clean-air technologies for over 40 years.

Product or innovation highlights

As drivers seek greater fuel economy and engine performance, gasoline direct injection (GDI) engines are growing in popularity. At the same time, new real-world-driving emissions standards will enforce a reduction of the particulates generated by these engines. Corning® DuraTrap® GC filters stand ready to meet this challenge. They help cut down on particulates, with lowest impact to pressure drop and thermal mass, in order to enable the most efficient use of fuel and horsepower. Corning continues to gain platform wins with major OEMs for this outstanding emissions reduction technology solution.

Recent performance, outlook and market opportunities

Third-quarter 2016 segment sales were up 3% from last year and slightly ahead of expectations. Light-duty substrate sales for the auto market reached a record level, driven by continued strong demand in North America, Europe, and China, and additional platform wins.

For the fourth quarter, sales are expected to be down year over year by a low-single digit percentage due to continued weakness in the heavy-duty truck markets.

Optical Communications

Optical Communications

Our optical connectivity solutions provide high-quality broadband capabilities for Enterprise, Carrier, and Wireless markets, as well as consumer electronic devices. Offering the broadest range of end-to-end fiber optic and copper product solutions for customers’ telecommunications networks, these solutions deliver more bits of information per second at a lower cost.

Product or innovation highlights

Edge8, the industry’s first modular, tip-to-tip optical cabling system to feature an eight fiber cabling design that maximizes per-rack-unit density for better network scalability an improved link performance.

Recent performance, outlook and market opportunities

In the second quarter of 2016, Optical Communication sales rose 28% sequentially as Corning returned to full capacity toward the end of the second quarter following a first-quarter software issue that impacted cable production. Strong demand for fiber-to-the-home and data center solutions drove higher sequential volume in the second quarter.

In the third quarter, Corning expects Optical Communications demand to remain strong and sales to grow approximately 10% on a year-over-year basis. 

Life Sciences

Life Sciences

We supply innovative high-quality tools and research technologies for laboratories working in cell culture, genomics, bioprocessing, and other fields. With our glass and plastic labware, scientists are better able to compress costs and timelines, knowing they can count on Corning for consistent, reliable, repeatable results.

Product or innovation highlights

We are pursuing a very exciting opportunity in Life Sciences. Although it is too early to discuss publicly, we believe it has the opportunity to be a significant new business for Corning, while continuing our track record of life-enhancing technologies.

Recent performance, outlook and market opportunities

Third-quarter 2016 sales in Life Sciences met expectations for low-single-digit percentage year-over-year growth, with similar year-over-year sales growth expected in the fourth quarter.

Specialty Materials

Specialty Materials

We develop customer-driven solutions for some of the toughest optical challenges. From cover glass for consumer electronics to advanced optics for high-technology industries, our expertise in materials science routinely yields breakthrough innovations like our tough, thin Corning® Gorilla® Glass used on smartphones, tablets, and PCs around the world.

Product or innovation highlights

We recently announced the introduction and adoption of two new Corning® Gorilla® Glass solutions: Gorilla Glass 5, which provides superior drop performance for smartphone devices, and Gorilla Glass SR+, which delivers an unparalleled combination of scratch resistance, optical clarity, and toughness for wearable devices. We’ve also extended Gorilla Glass into adjacent markets with new automotive and architectural customers and announced our first use of Corning® Gorilla® Glass for Automotive windshields on the Ford GT in late 2015.

Recent performance, outlook and market opportunities

Specialty Materials third-quarter segment sales were up 11% sequentially and 2% year over year, exceeding expectations. Sales during the quarter benefited from the introduction of two new Gorilla Glass products.

For the fourth quarter, sales are expected to increase by a high-single-digit percentage year over year driven by volume growth in Gorilla Glass.

Compartir