โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข EPS: $0.78 (Est. $0.75) โ
โข Revenue: $4.74B (Est. $4.63B) โ
โข Core sales: +17% YoY; Core EPS: +30% YoY
โข Optical Communications revenue: +32% YoY to $2.07B, including Enterprise Networks +65% YoY.
โข Core gross margin expanded 120 bps to 39.6%; adjusted free cash flow: $1.42B.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q3 revenue: $4.90Bโ$5.00B (Est. $5.00B) โ๏ธ
โข Q3 EPS: $0.85โ$0.89 (Est. $0.85) โ
โข Expects ~16% YoY sales growth and ~28% YoY EPS growth in Q3.
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข AI-driven optical networking remained the key growth engine, supported by new long-term partnerships with Amazon and NVIDIA.
โข Solar revenue surged 90% YoY, with profitability expected to improve starting in Q3 following facility upgrades.
โข Reaffirmed upgraded Springboard Plan targeting annualized revenue run rates of $20B by end-2026, $30B by end-2028 and $40B by end-2030.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
CEO Wendell Weeks said Corning is entering a new phase of accelerating growth, driven by AI infrastructure demand, with expectations for earnings to outpace revenue growth alongside stronger free cash flow and returns on invested capital.