Corning raises Q2 core sales guidance to $3.6B, driven by AI optical products

CORNING INC /NY

2024-Q2 EPS reported $0.36 revenue$6,226,000,000

Expects Q2 core sales ~$3.6B vs prior guidance $3.4B; core EPS at high end or above $0.42–$0.46 range.
Outperformance driven by strong adoption of new optical connectivity products for Generative AI.
'Springboard' framework targets adding >$3B in annualized sales over next three years with strong incremental profit.
Management believes Q1 2024 was the lowest quarter; return to YoY growth in Q2.

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