Corning Inc
NYSE:GLW

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Corning Inc
NYSE:GLW
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Price: 85.24 USD -0.25%
Market Cap: 73.1B USD

Corning Inc
Investor Relations

In the intricate world of materials science, Corning Inc. stands as a venerable titan, weaving innovation through the very fabric of modern life. Originating in the mid-19th century, Corning's journey began with glass—a medium they would come to know intimately. Through continuous investment in research and development, the company expanded beyond its initial forays into glassware, diving into realms such as ceramics and optical fiber. Corning's prowess in glass technology led to revolutionary products like the famous Gorilla Glass, now a linchpin in the smartphone industry. The company consistently reinvents itself with an innovative spirit, melding complex materials science with technological advancements across various sectors.

Corning thrives by cultivating deep relationships across diverse industries, functioning as a critical materials supplier to giants in consumer electronics, telecommunications, and life sciences. The company's business model hinges on a unique ability to harness scientific research to solve complex problems, resulting in patented technologies that meet the nuanced demands of its clientele. Earnings are fueled by a robust portfolio that spans display technologies crucial to LCD screens, fiber optics for high-speed data transmission, and laboratory products for pharmaceutical research. By embedding itself in growth markets with leading-edge solutions, Corning not only generates revenue but also secures a vital role in shaping tomorrow's technology landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 28, 2025
AI Summary
Q3 2025

Strong Growth: Corning reported year-over-year sales growth of 14% to $4.27 billion, with EPS up 24% to $0.67 and operating margin expanding to 19.6%.

SpringBoard Success: The company has surpassed its SpringBoard plan targets, growing sales 31% and operating margin by 330 bps since launch, with EPS up 72%.

Guidance Raised: Q4 sales are expected to be $4.35 billion and EPS is guided to $0.68–$0.72, with operating margin reaching the 20% SpringBoard target a full year early.

AI & Optical Demand: Optical Communications sales jumped 33% YoY, with strong Gen AI product adoption and capacity constraints limiting supply rather than demand.

Solar Ramp: The new U.S. solar wafer facility is online, with over 80% capacity committed for 5 years. Solar sales are expected to triple by 2027, targeting $2.5 billion revenue by 2028.

Share Buybacks: Corning continues to repurchase shares and expects to return excess cash to shareholders, favoring buybacks over dividends going forward.

Margin Expansion: Management expects further operating margin improvement as new facilities and products scale, particularly in solar and optical segments.

Key Financials
Revenue
$4.27 billion
EPS
$0.67
Operating Margin
19.6%
Return on Invested Capital
13.4%
Free Cash Flow
$535 million
Optical Communications Sales
$1.65 billion
Enterprise Networks Sales
$831 million
Optical Communications Net Income
$295 million
Display Sales
$939 million
Display Net Income
$250 million
Specialty Materials Sales
$621 million
Specialty Materials Net Income
$113 million
Automotive Sales
$454 million
Automotive Net Income
$68 million
CapEx
$1.3 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Wendell P. Weeks
Chairman & CEO
No Bio Available
Mr. Eric S. Musser
President & COO
No Bio Available
Mr. Edward A. Schlesinger
Executive VP & CFO
No Bio Available
Mr. Lewis A. Steverson J.D.
Executive VP and Chief Legal & Administrative Officer
No Bio Available
Dr. Jaymin Amin
Senior VP & CTO
No Bio Available
Ms. Soumya Seetharam
Senior VP and Chief Digital & Information Officer
No Bio Available
Ms. Ann H. S. Nicholson
Vice President of Investor Relations
No Bio Available
Kevin G. Corliss
VP of Global Employee Relations & Chief Compliance Officer
No Bio Available
Ms. Jordana D. Kammerud
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Martin J. Curran
Executive VP & Innovation Officer
No Bio Available

Contacts

Address
NEW YORK
Corning
1 Riverfront Plz
Contacts
+16079749000.0
www.corning.com