Corning reported third‑quarter 2025 core sales of $4.27 billion, up 14% year‑over‑year, and core earnings per share of $0.67, a 24% increase from the same period last year.
GAAP sales for the quarter were $4.10 billion and GAAP EPS was $0.50, reflecting the company’s adjustments for non‑cash items and constant‑currency effects.
Core operating margin expanded 130 basis points to 19.6%, and adjusted free cash flow reached $535 million, positioning the company to hit its 20% margin target a year ahead of the Springboard plan schedule.
Under the Springboard plan, Corning has added $4 billion to its annualized sales run rate and the plan has been upgraded to target more than $4 billion in annualized sales by the end of 2026, with the 20% operating‑margin goal now expected to be achieved in Q4 2025.
The company forecast fourth‑quarter core sales of approximately $4.35 billion and core EPS in the range of $0.68 to $0.72, both exceeding analyst consensus estimates of $4.21 billion in revenue and $0.65 EPS.
Optical Communications’ Enterprise segment posted a 58% year‑over‑year increase in sales, driven by demand for generative‑AI products, while Specialty Materials grew 13% year‑over‑year.
Corning announced a quarterly dividend of $0.28 per share, payable on December 12, with an ex‑dividend date of November 14.
The company reaffirmed its 2025 guidance, maintaining a double‑digit growth outlook for revenue and earnings across the fiscal year.
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