The earnings call reflects a strong performance in Q2, with record sales and EPS exceeding guidance. The company's strategic initiatives, including the Springboard plan, are showing positive results, particularly in Optical Communications and Solar segments. However, there are some concerns about supply chain adjustments due to tariffs, weaker automotive markets, and higher production ramp costs impacting future quarters. Overall, the positives significantly outweigh the negatives, indicating a strong momentum for Corning.

Company Guidance -

Q3 2025

During Corning Incorporated's Second Quarter 2025 Earnings Call, the company reported impressive results that surpassed guidance, with sales increasing by 12% year-over-year to $4 billion. Earnings per share (EPS) saw a notable rise, growing more than double the rate of sales to $0.60. Operating margin expanded by 160 basis points to 19%, while return on invested capital improved by 210 basis points to 13.1%. Free cash flow also increased significantly, up 28% to $451 million. The guidance for the third quarter anticipates continued strong performance, with projected sales of $4.2 billion and EPS in the range of $0.63 to $0.67, supported by ongoing momentum in the company's Springboard plan and robust demand for new Gen AI and solar products. These results reflect the company's strategic focus on innovation and capturing growth across various platforms, including mobile consumer electronics, automotive, and optical communications.

Record Sales and EPS Exceeding Guidance

For the second quarter, Corning reported sales growth of 12% year-over-year to $4 billion, with EPS growing more than double the rate of sales to $0.60. Operating margin expanded by 160 basis points to 19%, and return on invested capital grew 210 basis points to 13.1%.

Springboard Plan Progress

Since the launch of the Springboard plan, Corning has grown sales by 24%, adding more than $3 billion to its annualized run rate. Operating margin expanded by 270 basis points to 19%, and EPS grew 54%, more than twice the rate of sales.

Optical Communications Growth

The Optical Communications segment saw a 41% year-over-year sales increase to $1.6 billion, driven by an 81% increase in enterprise sales and a 16% increase in the carrier business.

Strong Free Cash Flow

Corning's free cash flow grew 28% year-over-year to $451 million in the second quarter.

Positive Outlook for Q3

Corning expects Q3 to deliver double-digit year-over-year sales and earnings growth, with sales forecasted at $4.2 billion and EPS between $0.63 and $0.67.

Advancements in Solar and Semiconductor Business

Corning's solar business has secured commitments for 100% of its polysilicon and wafer capacity for 2025 and 80% for the next five years, with plans to triple sales run rate by 2027.

Corning (GLW) Earnings, Revenues Date & History

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GLW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.66 / -	0.54	―	―	―
Jul 29, 2025	2025 (Q2)	0.57 / 0.60	0.47	27.66% (+0.13)
Apr 29, 2025	2025 (Q1)	0.51 / 0.54	0.38	42.11% (+0.16)
Jan 29, 2025	2024 (Q4)	0.56 / 0.57	0.39	46.15% (+0.18)
Oct 29, 2024	2024 (Q3)	0.53 / 0.54	0.45	20.00% (+0.09)
Jul 30, 2024	2024 (Q2)	0.46 / 0.47	0.45	4.44% (+0.02)
Apr 30, 2024	2024 (Q1)	0.35 / 0.38	0.41	-7.32% (-0.03)
Jan 30, 2024	2023 (Q4)	0.39 / 0.39	0.47	-17.02% (-0.08)
Oct 24, 2023	2023 (Q3)	0.46 / 0.45	0.51	-11.76% (-0.06)
Jul 25, 2023	2023 (Q2)	0.45 / 0.45	0.57	-21.05% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GLW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$55.41	$61.98	+11.86%
Apr 29, 2025	$43.85	$44.21	+0.82%
Jan 29, 2025	$50.65	$49.24	-2.78%
Oct 29, 2024	$46.04	$48.19	+4.67%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.