Companies /Technology

Corning Inc

NYSE: GLW Electronic Components
$154.35
▲ $8.35 (+5.72%) today
Markets closed · 5:24pm ET

Q3 2025 Earnings

Reported Oct 28, 2025, 7:05am ET · SEC source
$0.67
Beat +1.52%
EPS · est. $0.66
$4.1B
Miss −3.20%
Revenue · est. $4.2B
−2.1%
Trailing market
GLW vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Oct 28Oct 29report 7:05am ETearnings+0.5%+8.1%
0+4%+8%Oct 28Oct 29earnings+0.5%+8.1%
GLW +8.1%S&P 500 +0.5%
−4%0+4%+8%Oct 28Oct 29report 7:05am ETearnings+1.0%+8.1%
−4%0+4%+8%Oct 28Oct 29earnings+1.0%+8.1%
GLW +8.1%NASDAQ +1.0%
0+4%+8%Oct 27Nov 5report 7:05am ETearnings−1.6%+1.0%
0+4%+8%Oct 27Nov 5earnings−1.6%+1.0%
GLW +1.0%S&P 500 −1.6%
0+4%+8%Oct 27Nov 5report 7:05am ETearnings−1.7%+1.0%
0+4%+8%Oct 27Nov 5earnings−1.7%+1.0%
GLW +1.0%NASDAQ −1.7%
−3.29%
Day of report
+4.47%
Next session
−1.41%
One week
−2.58%
30 days

S&P 500 over the same 30 days: −0.53%.

Did GLW Beat Earnings? Q3 2025 Results

Corning posted a record-setting third quarter that told two stories at once: earnings came in ahead of expectations while revenue fell short of Wall Street's target. The specialty glass maker earned $0.67 per share, edging past the $0.66 consensus by 0.80%, as GAAP sales reached $4.10 billion, up 20.9% year over year but 3.20% below analyst estimates. The standout driver was Optical Communications, where enterprise sales surged 58% on robust demand for generative AI products, lifting the segment's net income 69% to $295 million and anchoring the broader Springboard strategic plan that has added $4 billion to annualized sales since inception. Core operating margin expanded to 19.6%, and the company now expects to hit its 20% Springboard margin target in Q4, a full year ahead of schedule, with guidance calling for core sales of approximately $4.35 billion and core EPS of $0.68 to $0.72. Apple's $2.50 billion commitment to source all iPhone and Apple Watch cover glass from Corning's Kentucky facility extends the growth runway well into 2026, even as <a href="https://247wallst.com/investing/2025/10/27/amkor-stock-down-4-4-after-earnings/">semiconductor packaging peers</a> have faced their own post-earnings turbulence.

Key Takeaways
  • Optical Communications Enterprise sales grew 58% YoY driven by Gen AI product adoption
  • Core operating margin expanded 130 basis points to 19.6%
  • Core EPS grew 24% YoY while core sales grew 14% YoY
  • Springboard plan added $4 billion to annualized sales run rate
  • Core ROIC improved 160 basis points to 13.4%
  • Hemlock and Emerging Growth Businesses surged 46% YoY on solar wafer demand

“We delivered another excellent quarter. Year over year, core sales grew 14% to $4.27 billion, and core EPS grew 24% to $0.67. Overall, as we approach the second anniversary of Springboard, the plan has been a tremendous success. We have added $4 billion to our annualized sales run rate, and we have significantly improved our profitability – with an expected operating margin of 20% in the fourth quarter, a year ahead of plan.”

Corning CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, Corning expects core sales of approximately $4.35 billion with core EPS growing faster than sales to a range of $0.68 to $0.72. The company expects to achieve its Springboard operating margin target of 20% in Q4 2025, a full year ahead of its original plan, representing a 370-basis-point improvement from Q4 2023. Growth is expected to be driven by ongoing robust demand for Gen AI products and sales of solar wafers. Apple's $2.5 billion commitment to produce 100% of global iPhone and Apple Watch cover glass at Corning's Kentucky facility adds to the Springboard growth opportunity through 2026 and beyond.

GLW YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$2.0B$4.0B$3.4B$4.1BRevenue$1.1B$1.5BGross Profit$302.0M$589.0MOperating Income$75.8M$430.0MNet Income
$0$2.0B$4.0BRevenueGross ProfitOperating IncomeNet Income

GLW Revenue by Segment

Optical Communications$1.7B+33.0%
Glass Innovations$621.0M+13.0%
Display Technologies
Display
Specialty Materials
Life Sciences and Emerging Growth Businesses$364.0M+46.0%
Automotive$454.0M+6.0%
Solar

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