Companies /Technology

Corning Inc

NYSE: GLW Electronic Components
$154.30
▲ $8.30 (+5.68%) today
Markets closed · 8:36pm ET

Q2 2025 Earnings

Reported Jul 29, 2025, 7:02am ET · SEC source
$0.60
Beat +5.26%
EPS · est. $0.57
$3.9B
Beat +0.66%
Revenue · est. $3.8B
+9.1%
Beating market
GLW vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+5%+10%+15%Jul 29Jul 30report 7:02am ETearnings−0.4%+13.6%
0+5%+10%+15%Jul 29Jul 30earnings−0.4%+13.6%
GLW +13.6%S&P 500 −0.4%
0+5%+10%+15%Jul 29Jul 30report 7:02am ETearnings−0.3%+13.6%
0+5%+10%+15%Jul 29Jul 30earnings−0.3%+13.6%
GLW +13.6%NASDAQ −0.3%
−5%0+5%+10%Jul 28Aug 6report 7:02am ETearnings−1.4%+9.0%
−5%0+5%+10%Jul 28Aug 6earnings−1.4%+9.0%
GLW +9.0%S&P 500 −1.4%
−5%0+5%+10%Jul 28Aug 6report 7:02am ETearnings−1.7%+9.0%
−5%0+5%+10%Jul 28Aug 6earnings−1.7%+9.0%
GLW +9.0%NASDAQ −1.7%
+11.86%
Day of report
+1.02%
Next session
+1.92%
One week
+11.21%
30 days

S&P 500 over the same 30 days: +2.15%.

Did GLW Beat Earnings? Q2 2025 Results

Corning delivered a standout second quarter in 2025, posting core EPS of $0.60 against a consensus estimate of $0.57, a beat of 5.13%, while revenue of $3.86 billion edged past expectations by 0.66% and climbed 18.8% year over year. The headline driver was a remarkable surge in Optical Communications, where enterprise sales jumped 81% on robust demand for next-generation AI infrastructure products, helping lift segment net income 73% to $247 million and validating the company's "More Corning" content strategy. Core operating margin expanded 160 basis points to 19.0%, and GAAP net income attributable to Corning soared to $469 million from just $104 million in the year-ago period, underscoring how broadly the Springboard plan is flowing through to profitability. Adjusted free cash flow rose 28% year over year to $451 million. Management guided Q3 2025 core sales to approximately $4.20 billion with core EPS in a range of $0.63 to $0.67, projecting continued double-digit growth as customers increasingly seek to leverage Corning's expansive U.S. advanced manufacturing footprint heading into 2026.

Key Takeaways
  • Optical Communications Enterprise sales grew 81% year over year on strong Gen AI product demand
  • Core sales grew 12% YoY driven by key secular trends and 'More Corning' content strategy
  • Core operating margin expanded 160 basis points to 19.0%
  • Core EPS grew 28% YoY with profit growing faster than sales
  • Core ROIC improved 210 basis points to 13.1%
  • GAAP gross margin improved 680 basis points year over year to 36.0%

“We delivered an outstanding second quarter, with core sales up 12% year over year to $4.05 billion and core EPS growing more than double that rate to $0.60. Overall, key secular trends and our 'More Corning' content strategy drove demand for our capabilities, and we continued to capture the powerful profitable growth outlined in our recently upgraded Springboard plan.”

Corning CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, management expects continued strong Springboard performance with double-digit year-over-year sales and earnings growth. Core sales are guided to approximately $4.2 billion with core EPS in a range of $0.63 to $0.67. Guidance factors in approximately $0.01 to $0.02 for the impact of currently enacted tariffs, along with $0.02 to $0.03 of temporarily higher costs as production ramps to meet increased demand for new Gen AI and U.S.-made solar products. Management expects an additional growth driver to emerge in the coming months as customers seek to leverage Corning's large U.S. advanced manufacturing footprint, positioning the company for durable growth through 2026 and beyond.

GLW YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$2.0B$4.0B$3.3B$3.9BRevenue$949.0M$1.4BGross Profit$186.0M$573.0MOperating Income$104.0M$469.0MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

GLW Revenue by Segment

Optical Communications$1.6B+41.0%
Glass Innovations
Display Technologies
Display$898.0M−11.0%
Specialty Materials$545.0M+9.0%
Life Sciences and Emerging Growth Businesses
Automotive$460.0M−4.0%
Solar

Figures from SEC filings and company reports. Not investment advice.