Sandwich panels with high modulus/high strength skin material and low density/low modulus core material have higher stiffness-to-weight ratio than monolithic panels. In this paper, sandwich panels with corrugated core are explored as a lightweighting concept for improved stiffness. The skin and the core materials are a high strength steel, aluminum alloy or carbon fiber-epoxy composite. The core has a triangular corrugation, a trapezoidal corrugation and a rectangular corrugation. The stiffness of the sandwich panels is analytically determined and compared with monolithic panels of equal mass. It is shown that the stiffness of the sandwich panels is 5 to 7 times higher than that of the monolithic panels.