Corning Earnings Reports

Corning exceeded expectations in Q1 2025 with significant growth in core sales and EPS, driven by strong demand for Gen AI products and solid segment performance across Optical Communications and Display Technologies.

Corning reported strong Q4 and full-year 2024 results, exceeding guidance with record core sales of $3.9 billion, up 18% year-over-year, and core EPS of $0.57, up 46% year-over-year. The company's performance was driven by strong adoption of new products for Gen AI and successful implementation of double-digit price increases in Display Technologies.

Corning's third-quarter results exceeded expectations, with core sales up 8% to $3.73 billion and core EPS up 20% to $0.54. The company is making significant progress on its 'Springboard' plan, which aims to add more than $3 billion in annualized sales and achieve an operating margin of 20% by the end of 2026. Optical Communications led the outperformance, with Enterprise business sales growing 55% year over year.

Corning Incorporated reported strong second-quarter 2024 results, exceeding previous guidance and demonstrating a return to year-over-year core sales and EPS growth. The company's outperformance was primarily driven by the strong adoption of new optical connectivity products for generative AI, particularly within the Enterprise portion of its Optical Communications business. Management expressed confidence in the 'Springboard' plan, expecting substantial annualized sales growth and improved profitability.

Corning Incorporated reported its first-quarter 2024 financial results, with results at the high end of guidance. The company saw encouraging signs of improving market conditions and reaffirms expectation that first-quarter sales will mark the low point of the year. Management expects core sales to grow sequentially to approximately $3.4 billion in the second quarter of 2024, with core EPS in the range of $0.42 to $0.46.

Corning Incorporated reported fourth-quarter 2023 results with improved GAAP and core gross margins, and significant improvement in cash generation. The company anticipates first-quarter core sales of approximately $3.1 billion and core EPS in the range of $0.32 to $0.38.

Corning's third-quarter results demonstrated progress in improving profitability and cash flow, despite weak demand across markets. The company increased core gross margin to 37% and grew free cash flow to $466 million.

Corning's second-quarter results reflect progress on the company's plan to improve profitability and cash flow, despite a weak end-market environment. Core gross margin expanded sequentially, and free cash flow improved to $310 million.

Corning's first-quarter results showed solid execution on outlined priorities, with pricing actions offsetting inflation and productivity ratios being adjusted effectively. Profitability improved despite lower sales due to recession-level demand and weakness in China. The company expects improved results in the second quarter and remains focused on profitability and cash flow.

Corning Incorporated reported fourth-quarter GAAP sales of $3.4 billion and core sales of $3.6 billion. GAAP EPS was $(0.04), while core EPS reached $0.47. The company's performance reflected strategic resilience, with Optical Communications and Hemlock and Emerging Growth Businesses demonstrating double-digit year-over-year sales growth, and Display Technologies maintaining stable pricing.

Corning Incorporated reported a slight increase in core sales year-over-year, reaching $3.7 billion, with core EPS of $0.51. The company saw growth in Optical Communications and Hemlock and Emerging Growth Businesses, which helped offset declines in Display Technologies due to lower panel maker utilization.

Corning's Q2 2022 results showed sales of $3.8 billion and EPS of $0.57. The company's pricing actions and operational focus drove margin improvement. Management expects full-year core sales to slightly exceed $15 billion, growing 6% to 8%, with EPS growing in line with sales.

Corning Incorporated reported strong first-quarter 2022 results, with core sales growing 15% year over year to $3.7 billion and core EPS increasing 20% year over year to $0.54. The company is off to an outstanding start in 2022, driven by broad-based strength across its businesses. Management now expects full-year sales to exceed $15 billion, with sales growing at a high-single digit percentage and profitability growing faster than sales.

Corning reported a strong fourth quarter with core sales of $3.7 billion and core EPS of $0.54. Full-year core sales grew 23%, surpassing $14 billion, and full-year core EPS grew 49% to $2.07. The company expects continued growth in the first quarter and anticipates approximately $15 billion in sales for 2022.

Corning Incorporated announced strong third-quarter results with sales reaching an all-time high. The company is on track to reach $14 billion in sales and over $2 in EPS for 2021, with continued growth expected in 2022. Strong execution and strategic partnerships drove the outstanding quarter.

Corning's second-quarter results were outstanding, with core sales reaching $3.5 billion, a 35% increase year-over-year and a 17% increase compared to the second quarter of 2019. Core EPS grew 112% year over year to $0.53 and free cash flow reached $471 million, a 65% increase year over year.

Corning's first-quarter results reflected a strong start to 2021, with significant growth in core sales and EPS. The company is confident in maintaining momentum throughout the year, driven by its innovative capabilities and strong market access platforms.

Corning Incorporated reported outstanding fourth-quarter results, with each of its businesses growing sales and profits year over year. The company achieved 17% year-over-year core sales growth in Q4 and expanded margins in the second half of the year. Free cash flow for the quarter was $464 million, contributing to a total of $948 million for the full year. Corning expects continued momentum across all businesses in 2021.

Corning Incorporated reported strong financial results for Q3 2020, with both GAAP and core sales reaching $3.0 billion. Core sales increased 16% sequentially, driven by Environmental Technologies and Specialty Materials. The company's GAAP EPS was $0.48, and core EPS was $0.43. Free cash flow for the quarter was $518 million, and the cash balance grew to $2.5 billion.

Corning Incorporated reported mixed results for Q2 2020. While GAAP EPS was negative, core EPS showed positive growth. Sales, net income, EPS, and free cash flow all increased sequentially. The company highlighted advancements in multiple initiatives and its contribution to combating the COVID-19 pandemic. Overall, decisive action and operational execution resulted in positive free cash flow and continued leadership in its capabilities.

Corning Incorporated reported first-quarter 2020 results with GAAP sales of $2.4 billion and a GAAP net loss of $96 million, or $(0.16) per share. Core sales were $2.5 billion and core net income was $177 million, or $0.20 per share. The company is withdrawing its full-year 2020 guidance due to economic uncertainty and disruption created by COVID-19.