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Corning's top-line growth is backed by healthy demand for its advanced Gen-AI products in Optical Communication and price adjustments in Display Technologies.
U.S. equities were higher at midday as markets waited for further clarification from the Trump administration about possible changes in tariff policy. The Dow Jones Industrial Average rose 0.6%, and the S&P 500 and Nasdaq were up by smaller percentages.
Corning Incorporated (NYSE:GLW ) Q1 2025 Earnings Conference Call April 29, 2025 8:30 AM ET Company Participants Ann Nicholson - VP, IR Wendell Weeks - Chairman & CEO Ed Schlesinger - EVP & CFO Conference Call Participants Steven Fox - Fox Advisors Wamsi Mohan - Bank of America Asiya Merchant - Citi Samik Chatterjee - JPMorgan Mehdi Hosseini - Susquehanna Financial Group John Roberts - Mizuho Operator Thank you for standing by, and welcome to the Corning Incorporated First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode.
While the top- and bottom-line numbers for Corning (GLW) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Corning (GLW) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.38 per share a year ago.
Corning forecast second-quarter core sales above Wall Street expectations on Tuesday, aided by strong demand for its optical connectivity products used in AI-related infrastructure.
CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its first-quarter 2025 results and provided its outlook for second-quarter 2025. Wendell P. Weeks, chairman and chief executive officer, said, “Today, we announced strong first-quarter results that exceeded guidance. Core sales grew 13% year over year and core EPS grew three times faster. In Optical Communications, sales in our Enterprise business were up 106% year over year on continued strong demand for our new p.
Beyond analysts' top -and-bottom-line estimates for Corning (GLW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2025.
Corning is positioned to benefit from AI infrastructure growth, particularly in optical connectivity, driving demand for fiber connections in data centers. The Springboard plan targets $4B in sales and 20% operating margin by 2026, fueled by AI product adoption. Corning's other diversified segments provide a financial cushion, allowing it to capitalize on the AI boom.
CommScope is optimizing its portfolio to better address evolving market trends, while Corning, with decades of expertise, remains a strong player in the communication infrastructure space.