Corning Q1 2025 Financial Summary

Corning reported strong first-quarter 2025 results, exceeding guidance and showcasing significant year-over-year growth in sales and profitability. Core EPS increased 42% to $0.54, and core sales rose 13% to $3.7 billion. Core operating margin expanded 250 basis points to 18%.

Key highlights:
- GAAP sales were $3.45 billion; core sales were $3.68 billion.
- GAAP EPS was $0.18; core EPS was $0.54.
- Core net income rose to $467 million from $330 million in Q1 2024.
- Optical Communications led performance with 46% year-over-year sales growth and a 106% surge in enterprise sales due to demand for Gen AI products.
- Display segment revenue grew 4%, supported by price and volume improvements.
- Specialty Materials revenue increased 10% year-over-year, driven by mobile device glass demand.
- Automotive sales declined 10% year-over-year amid softness in European and North American markets.
- Life Sciences was flat, while Hemlock and Emerging Growth saw an 11% decline due to seasonality.

Corning reaffirmed its Springboard plan and reported accelerating U.S. manufacturing ramp-ups to meet demand for Gen AI and solar products. For Q2 2025, it expects core sales of approximately $3.85 billion and core EPS between $0.55 and $0.59.