Corning Q1 core sales up 13% YoY to $3.68B, core EPS up 42% to $0.54; Q2 guidance above

CORNING INC /NY

2025-Q1 EPS reported $0.18 revenue$3,452,000,000

Core sales $3.68B (+13% YoY), core EPS $0.54 (+42% YoY), core operating margin 18% (+250bp).
GAAP sales $3.45B, GAAP EPS $0.18; GAAP gross margin 35.2%.
Enterprise network sales surged 106% YoY on Gen AI demand; accelerating U.S. advanced manufacturing ramps.
Q2 guidance: core sales ~$3.85B, core EPS $0.55-$0.59; includes $0.01-$0.02 tariff impact and $0.03 ramp costs.
Segment reporting recast: Automotive Glass merged with Environmental Tech into Automotive segment; Display renamed.

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