earnings
confidence high
sentiment positive
materiality 0.85
Corning Q2 core sales up 17% to $4.74B, core EPS up 30% to $0.78; Amazon, NVIDIA deals
CORNING INC /NY
- Core sales $4.74B (+17% YoY), core EPS $0.78 (+30% YoY); GAAP EPS $0.64, sales $4.51B.
- Optical Communications sales $2.07B (+32%), Enterprise Networks +65% driven by Gen AI.
- Amazon multiyear multibillion-dollar fiber/connectivity deal; NVIDIA partnership to expand U.S. optical capacity 10x.
- Q3 guidance: core sales $4.9-5.0B (+16% YoY), core EPS $0.85-0.89 (+28% YoY).
- Springboard Plan targets: $20B annualized run rate by end 2026, $30B by 2028, $40B by 2030.