GLW - Earnings announcements

Corning Incorporated (NYSE:GLW) today announced its first-quarter 2026 results and provided its outlook for second-quarter 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260427020032/en/ News Summary: First-quarter core sales grew 18% to $4.35 billion, and core EPS grew 30% to $0.70 versus Q1-2025. Robust demand for Gen AI products and the ramp of new solar products drove Q1 growth. Optical Communications sales grew 36%, and Solar sales were up 80% year over year. Two additional hyperscale customers entered into large, long-term agreements with Corning. Deals are similar in size and duration to the recently

Corning Incorporated (NYSE:GLW) today announced its fourth-quarter and full-year 2025 results and provided its outlook for first-quarter 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260127020453/en/ News Summary: Company delivers record results for Q4 and full-year 2025 and expects continued growth in Q1: Q4 core sales and core EPS grew 14% to $4.41 billion and 26% to $0.72, YoY, respectively. Full-year 2025 core sales grew 13% to $16.41 billion, and core EPS grew 29% to $2.52. In Q1, management expects YoY growth to accelerate, with core sales up ~15% to a range of $4.2 billion to $4.3 billion, and core EPS g

In Q3, core sales grew 14% year over year, while core EPS grew 24%, and core operating margin expanded 130 basis points Optical Communications' Enterprise sales grew 58% year over year in the third quarter, driven by the continued strong adoption of Corning's new Gen AI products Company expects continued strong performance on its Springboard plan and now expects to reach its Springboard operating margin target of 20% in Q4 2025, a full year ahead of plan Management expects Q4 core sales of approximately $4.35 billion and core EPS again growing faster than sales to a range of $0.68 to $0.72 Apple's $2.5 billion commitment to make 100% of global iPhone and Apple Watch cover glass in C

AUSTIN, Texas and NEW YORK, Aug. 20, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE:TE) ("T1," "T1 Energy," or the "Company") has reported financial and operating results for the second quarter 2025 and will hold a conference call today. Headlines T1 announces transformative agreement with Corning Incorporated. T1 signed a deal to purchase solar wafers produced by Corning Incorporated (NYSE:GLW) in Michigan, which advances the Company's FEOC compliance effort, boosts development of a domestic solar supply chain and is expected to position T1 as a preeminent supplier of American solar modules at a time of rising demand.T1 signed a 437 MW 2025 sales agreement with one of the largest U.S. ut

Company exceeded Q2 guidance, delivering strong sales growth and powerful incrementals: YoY, core sales grew 12%, core operating margin expanded 160 bps, core EPS grew 28%, and adjusted free cash flow grew 28% Optical Communications' Enterprise sales grew 81% year over year on continued strong demand for new Gen AI products For Q3, management expects continued strong performance on its Springboard plan, with double-digit YoY core sales growth to $4.2 billion and profit again growing faster than sales, with core EPS in a range of $0.63 to $0.67 (1) Second-quarter GAAP results: Sales were $3.86 billion, EPS was $0.54, operating margin was 14.8%, and GAAP operating cash flow was $708 mil

Q1 results exceeded guidance, with core sales up 13% year over year to $3.7 billion and core EPS up 42% year over year to $0.54; core operating margin expanded 250 basis points year over year to 18% Enterprise sales grew 106% on continued strong demand for new products for Gen AI, showing strong progress on 2023-2027 30% sales CAGR Company is accelerating ramp of its U.S. advanced manufacturing assets to meet strong demand for U.S.-made solar products For the second quarter, management expects continued strong year-over-year growth, with core sales of approximately $3.85 billion, and core EPS again growing significantly faster than sales to a range of $0.55 to $0.59 (1) First-quarter GA

(1) Fourth-quarter GAAP results: Sales were $3.5 billion, gross margin was 34.2%, operating margin was 11.2%, EPS was $0.36, and operating cash flow was $623 million. Full-year GAAP results: Sales were $13.1 billion, gross margin was 32.6%, operating margin was 8.7%, EPS was $0.58, and operating cash flow was $1.9 billion. Fourth-quarter results exceeded guidance, with record core sales of $3.9 billion, up 18% year over year, and core EPS of $0.57, up more than twice the rate of sales Core operating margin expanded 220 basis points year over year to 18.5% Continued strong adoption of new optical-connectivity products drove 93% year-over-year growth in Optical Communications' Enterpris

Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AI GAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard' target of 20% by the end of 2026 Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to gro

Outperformance was driven primarily by the strong adoption of new optical connectivity products for generative AI Management expects core sales to grow to ~$3.7 billion in the third quarter, with core EPS growing faster than sales and in the range of $0.50 to $0.54 Corning and Lumen Technologies reach an agreement to reserve 10% of Corning's global fiber capacity for each of the next two years to interconnect AI-enabled data centers Results and outlook reinforce management's confidence in its ‘Springboard' plan to add more than $3 billion in annualized sales with strong incremental profit and cash flow in the next three years, as cyclical factors and secular trends converge Corning

Management reaffirms expectation that first-quarter sales will mark the low point of the year, as improving market conditions support higher sales throughout 2024 Management expects core sales to grow sequentially to approximately $3.4 billion in the second quarter of 2024, with core EPS in the range of $0.42 to $0.46 Corning is well positioned to add more than $3 billion in annualized sales – and deliver strong incremental profit and cash flow – as markets continue to improve Corning Incorporated (NYSE:GLW) today announced its first-quarter 2024 results and provided its outlook for second-quarter 2024. Wendell P. Weeks, chairman and chief executive officer, said, "Our first-quarter

CORNING, N.Y., Jan. 30, 2024 (GLOBE NEWSWIRE) --   Corning Incorporated (NYSE:GLW) today announced its fourth-quarter and full-year 2023 results and provided its outlook for first-quarter 2024. Wendell P. Weeks, chairman and chief executive officer, said, "Overall, our results in the quarter – and throughout 2023 – demonstrate that we continue to make solid progress advancing our market leadership, strengthening our profitability, and improving our cash-flow generation even in the lower-demand environment we've experienced." Weeks continued, "We are entering 2024 operationally strong, and we have an opportunity to increase our sales by more than $3 billion in the medium t

CORNING, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced its third-quarter 2023 results and provided its outlook for fourth-quarter 2023. Wendell P. Weeks, chairman and chief executive officer, said, "Our third-quarter results show continued progress on our priorities to improve profitability and cash flow, even with weak demand across our markets. We increased third-quarter core gross margin to 37%, a 340 basis-point improvement from the fourth quarter of 2022. We grew free cash flow to $466 million. We also extended our market leadership and executed on ‘More Corning' content opportunities. For example, we once again worked with Apple to advan

Corning, N.Y., July 25, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced its second-quarter 2023 results and provided its outlook for third-quarter 2023. Wendell P. Weeks, chairman and chief executive officer, said, "Corning's second-quarter results reflect progress on our comprehensive plan to improve profitability and cash flow – even in the current weak end-market environment. As expected, core gross margin expanded 1 percentage point sequentially, and has grown more than 2 percentage points since the beginning of the year. We also improved free cash flow to $310 million." Weeks continued, "We expect to continue improving profitability and cash flow despi

CORNING, N.Y., April 25, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced its first-quarter 2023 results and provided its outlook for second-quarter 2023. First-Quarter 2023 Financial Performance: First-quarter GAAP sales were $3.2 billion, and core sales were $3.4 billion. Both GAAP and core sales declined 7% sequentially. Display Technologies' sales declined 3% sequentially as both volume and glass price declined slightly. Volume increased significantly in March as conditions in China improved and panel maker utilization resumed its recovery.Optical Communications' sales decreased 6% sequentially as pricing actions partially of

CORNING, N.Y., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced its fourth-quarter and full-year 2022 results and provided its outlook for first-quarter 2023. Financial Performance Fourth-Quarter 2022: Fourth-quarter GAAP sales were $3.4 billion, and core sales were $3.6 billion.Fourth-quarter GAAP EPS was $(0.04), and core EPS was $0.47. The primary differences between GAAP and core EPS stemmed from restructuring charges taken in the fourth quarter and from non-cash, mark-to-market adjustments associated with the company's currency-hedging contracts and Japanese-yen-denominated debt.Free cash flow for the quarter was $377 million. Full-Yea

CORNING, N.Y., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced third-quarter 2022 results and provided its outlook for fourth-quarter 2022. "In the third quarter, our core sales were up slightly year over year, reaching $3.7 billion, with core EPS of $0.51 – all while display panel maker utilization reached its lowest level since 2008; smartphone, tablet, and notebook retail unit sales declined significantly; and automotive production remained constrained. We offset the effects of these factors by delivering 16% year-over-year growth in Optical Communications and by capturing ongoing demand in the solar market that contributed to 33% year-over-year growt

CORNING, N.Y., July 26, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced second-quarter 2022 results and provided its outlook for third-quarter and full-year 2022. "Corning executed very well in a challenging external environment and delivered outstanding second-quarter results, with year-over-year sales and EPS growth of 7% and 8%, respectively. We also delivered $440 million of free cash flow in the quarter and improved profitability sequentially," said Wendell P. Weeks, chairman and chief executive officer. Weeks continued, "Although three of our significant demand drivers – panel maker utilization, automotive production, and smartphone

CORNING, N.Y., April 26, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced first-quarter 2022 results and provided its outlook for second-quarter and full-year 2022. "We are off to an outstanding start in 2022, driven by broad-based strength across our businesses – led by 28% year-over-year sales growth in Optical Communications and continued favorable pricing in Display. In the first quarter, company sales grew 15% year over year, with EPS growing even faster at 20%. We successfully navigated a complex geopolitical and external operating environment, and our innovations and pricing actions contributed to improved profitability," said Wendell P. Weeks, chairman and

CORNING, N.Y., Jan. 26, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced fourth-quarter and full-year 2021 results and provided its outlook for first-quarter and full-year 2022. "Corning delivered another strong quarter of year-over-year growth. For full-year 2021, we exceeded $14 billion in sales and $2 in EPS. We nearly doubled free cash flow, increased our dividend by 9%, and reduced outstanding shares by 5% through the resumption of share repurchases. By leveraging our core capabilities and ‘More Corning' strategy, we are capturing a compelling set of short- and long-term opportunities across our portfolio," said Wendell P. Weeks, chairman and chief execut

CORNING, N.Y., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced results for the third quarter ended Sept. 30, 2021, and provided its outlook for the fourth quarter. GAAP and core sales were $3.6 billion; core sales grew 4% sequentially and 21% year over year, driven by strong growth in Optical Communications; GAAP net income was $371 million, and core net income was $485 million.GAAP EPS was $0.43 and core EPS was $0.56; core EPS increased 6% sequentially and 30% year over year.Lower production levels in the automotive industry due to the semiconductor chip shortage reduced sales by approximately $40 million and EPS by $0.02.Gross margin expanded

CORNING, N.Y., July 27, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced results for the second quarter ended June 30, 2021, and provided an outlook for the third quarter of 2021. GAAP and core sales were $3.5 billion; core sales grew 35% year over year and 17% versus second-quarter 2019.GAAP net income was $449 million and core net income was $459 million.GAAP EPS was ($0.42) and core EPS was $0.53, up 112% year over year and 18% versus second-quarter 2019. The difference between GAAP and core EPS was primarily due to a one-time accounting treatment resulting from the Samsung Display Co., Ltd. preferred share transaction, which reduced fully diluted share count