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Jun 30, 2021
Corning Q2 2021 Earnings Report
Corning reported outstanding second-quarter results, with continued growth expected in the third quarter.
Key Takeaways
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.
Core sales reached $3.5 billion, growing 35% year-over-year and 17% from Q2 2019.
Core EPS grew 112% year-over-year to $0.53 due to higher sales and expanded margins.
Free cash flow of $471 million increased by $186 million, or 65%, year-over-year.
Corning is outperforming its underlying markets and is on track to deliver an outstanding year.
Corning
Corning
Corning Revenue by Segment
Revenue by Segment
Optical Communications Revenue
CapyFin.comDisplay Technologies Revenue
CapyFin.comSpecialty Materials Revenue
CapyFin.comLife Sciences Revenue
CapyFin.com Forward Guidance
Corning expects continued growth in the third quarter of 2021.