Group 1: Earnings Performance - Corning reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, and up from $0.38 per share a year ago, representing an earnings surprise of 8% [1] - The company posted revenues of $3.68 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.87%, compared to revenues of $3.26 billion a year ago [2] - Over the last four quarters, Corning has consistently surpassed consensus EPS and revenue estimates [2] Group 2: Stock Performance and Outlook - Corning shares have declined approximately 7.2% since the beginning of the year, while the S&P 500 has decreased by 6% [3] - The future performance of Corning's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $3.76 billion, and for the current fiscal year, it is $2.33 on revenues of $15.45 billion [7] Group 3: Industry Context - The Communication - Components industry, to which Corning belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Corning's stock performance [5]

Financial Data and Key Metrics Changes - Company reported a 13% year-over-year sales growth to $3.7 billion in Q1 2025, with EPS increasing by 42% to $0.54 [5][32] - Operating margin expanded by 250 basis points year-over-year to 18% [5][32] - Guidance for Q2 2025 anticipates sales of approximately $3.85 billion and EPS in the range of $0.55 to $0.59, reflecting a year-over-year EPS growth of about 21% [6][32] Business Line Data and Key Metrics Changes - Optical communications sales reached $1.4 billion, up 46% year-over-year, with net income increasing by 101% [35] - Enterprise sales grew by 106% year-over-year to $705 million, driven by demand for new Gen AI products [35] - Display segment sales were $905 million, up 4% year-over-year, with a net income margin of 26.9% [37] - Specialty materials sales increased by 10% year-over-year to $501 million, with net income growing by 68% [39] - Automotive glass sales were $440 million, down 10% year-over-year, primarily due to softness in European markets [42] Market Data and Key Metrics Changes - Company noted strong demand for US-made innovations, particularly in optical communications and solar sectors [14][26] - In the solar market, the company expects to grow from a $1 billion business in 2024 to $2.5 billion by 2028, driven by increased energy demand and favorable government policies [26][28] Company Strategy and Development Direction - The company is focused on its SpringBoard plan, aiming to add over $4 billion in annualized sales and achieve a 20% operating margin by the end of 2026 [9][51] - The strategy includes leveraging US manufacturing capabilities to mitigate tariff impacts and enhance customer relationships [10][14] - The company is also emphasizing innovation in Gen AI and solar technologies as key growth drivers [22][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering the SpringBoard plan even in the event of a macroeconomic downturn, citing a risk-adjusted approach [9][21] - The company is seeing early signs of stronger demand for US-made products, which is expected to positively impact financial performance [14][26] - Management highlighted that the direct impact of tariffs is minimal, with proactive measures in place to optimize supply chains [8][14] Other Important Information - The company plans to invest approximately $1.3 billion in capital expenditures and expects to generate significant free cash flow [45] - Share buybacks are a priority for returning cash to shareholders, with $100 million repurchased in Q1 2025 [49][92] Q&A Session Summary Question: Pricing power in uncertain markets - Management noted successful price increases post-pandemic and indicated strong pricing power in solar and optical segments due to increased customer interest and unique product offerings [54][55] Question: Temporary capacity ramp costs - The costs associated with ramping up capacity are primarily operational rather than capital expenditures, with expectations of normalization as production scales [59][60] Question: Visibility in Gen AI orders - Recent dialogues with major hyperscaler customers reinforced growth estimates, with a focus on increasing demand for new product sets [64] Question: Supply constraints in optical segment - Management acknowledged supply constraints and indicated potential for further pricing strength in the optical segment [69][70] Question: Customer conversations regarding tariffs and recession - Management reported increasing demand for US manufacturing and long-term commitments from customers, indicating a positive outlook despite tariff uncertainties [76][78] Question: End market demand in display segment - The display market is expected to remain flat, with growth driven by increasing screen sizes and stable glass demand [87][90] Question: Aggressiveness of share buybacks - Management confirmed ongoing share buybacks while maintaining a strong balance sheet, with plans to continue this strategy [92][93]

Exhibit 99.1 FOR RELEASE – April 29, 2025 (1) First-quarter GAAP results: Sales were $3.45 billion, EPS was $0.18, and operating margin was 12.9%. First-quarter core results: Sales were $3.7 billion, EPS was $0.54, and operating margin was 18%. CORNING, N.Y. — Corning Incorporated (NYSE: GLW) today announced its first-quarter 2025 results and provided its outlook for second-quarter 2025. Wendell P. Weeks, chairman and chief executive officer, said, "Today, we announced strong first-quarter results that exce ...

It is projected by analysts that the 'Net Sales- Display Technologies' will reach $912.96 million. The estimate indicates a year-over-year change of +4.7%. In its upcoming report, Corning (GLW) is predicted by Wall Street analysts to post quarterly earnings of $0.50 per share, reflecting an increase of 31.6% compared to the same period last year. Revenues are forecasted to be $3.43 billion, representing a year-over-year increase of 5.2%. The current level reflects no revision in the consensus EPS estimate f ...

Group 1 - Corning Incorporated (GLW) is positioned to benefit from the growth of AI infrastructure, driven by the increase in generative AI and hyperscale data centers [1] - The demand for AI infrastructure is a significant factor contributing to Corning's market opportunities [1] Group 2 - The investment approach at Henriot Capital emphasizes a quant-driven model that minimizes human bias in stock selection [1] - The strategy involves buying based on model recommendations and conducting further research afterward [1]

Core Viewpoint - Corning Incorporated is expected to report first-quarter 2025 results on April 29, with anticipated revenue growth driven by strong demand and product innovation [1] Group 1: Product Innovations and Collaborations - Samsung Electronics has chosen Corning's Gorilla Armor 2 for its Galaxy S25 Ultra devices, highlighting the ongoing collaboration and commitment to innovation between the two companies [2] - Corning launched GlassWorks AI solutions to support fiber densification in AI-native data centers, allowing for increased data center capacity without significant infrastructure changes [3] - The introduction of Corning Gorilla Glass Ceramic enhances mobile device safety, showing improved drop performance compared to competitors, which is expected to generate additional revenue [4] Group 2: Revenue Estimates and Growth Drivers - The Optical Communication segment's revenue estimate is $1.21 billion, up from $930 million year-over-year, driven by the adoption of innovative optical connectivity products for generative AI applications [5] - The Display Technologies segment is estimated to generate $942.2 million, reflecting an 8.1% year-over-year growth, while the Specialty Materials segment is projected at $492.2 million, up 8.4% year-over-year [6] - Overall, the total revenue estimate for the March quarter is $3.45 billion, an increase from $3.26 billion in the prior-year quarter, with adjusted earnings per share expected to rise to 50 cents from 38 cents [6]

Group 1 - Corning (NYSE: GLW) is involved in various sectors including optical fiber for data centers, protective coatings for smartphones, and materials for microscopes and catalytic filters in cars [1] - The company has a diverse product portfolio that supports critical infrastructure and technology applications [1] Group 2 - The article emphasizes the importance of well-researched commentary and insights into high-growth technology equities, undervalued blue-chip stocks, and niche market opportunities [1] - The goal is to assist readers in navigating complex global markets with a focus on a risk-aware and fundamentally driven investment approach [1]

Group 1 - Corning (GLW) has experienced a 12% decline in stock price over the past four weeks due to excessive selling pressure, but it is now in oversold territory, indicating a potential turnaround [1] - The Relative Strength Index (RSI) for GLW is currently at 25.96, suggesting that the heavy selling may be exhausting itself and a price reversal could occur soon [5] - Analysts have raised earnings estimates for GLW by 0.4% over the last 30 days, indicating a positive trend that typically leads to price appreciation [7] Group 2 - GLW holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [8]

Core Viewpoint - Corning (GLW) is highlighted as a strong candidate for investors due to its consistent performance in beating earnings estimates, particularly in the last two quarters, with an average surprise of 2.82% [1][5]. Earnings Performance - In the last reported quarter, Corning achieved earnings of $0.57 per share, surpassing the Zacks Consensus Estimate of $0.56 per share, resulting in a surprise of 1.79% [2]. - For the previous quarter, Corning's earnings were $0.54 per share against an expected $0.52, delivering a surprise of 3.85% [2]. Earnings Estimates and Predictions - Recent estimates for Corning have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong potential for an earnings beat [5][8]. - The current Earnings ESP for Corning is +2%, suggesting increased analyst optimism regarding its near-term earnings potential [8]. Zacks Rank and Success Rate - Corning holds a Zacks Rank of 2 (Buy), which, when combined with a positive Earnings ESP, indicates a high likelihood of another earnings beat [8]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6].

Core Insights - Corning Incorporated has launched Corning Gorilla Glass Ceramic, an advanced protective layer for mobile devices that significantly enhances drop performance on rough surfaces compared to existing aluminosilicate glasses, surviving 10 repeated drops from one meter on asphalt-like surfaces [1][2] - The new Gorilla Glass Ceramic is expected to meet the increasing demand for durable mobile device materials, likely generating incremental revenues for Corning and positively impacting its stock performance [2] - Corning has been focusing on developing state-of-the-art cover materials, with over 8 billion devices utilizing its products, including the recently adopted Gorilla Armor 2 by Samsung for its Galaxy S25 Ultra [3] Cover Materials and Glass Substrate - Corning is a leading innovator in the glass substrate industry, developing eco-friendly formulations that enhance picture quality, with its generation 10 substrates allowing for reduced manufacturing costs by enabling more panels to be produced from each substrate [4] - The company's fusion technology reduces glass thickness, which helps panel manufacturers create slimmer, lighter, and more power-efficient consumer devices [4] Fiber Optic Solutions - Corning is experiencing growth in its fiber optic solutions business, driven by the increasing demand for efficient data transfer and networking systems due to the proliferation of mobile devices and cloud computing [5][6] - The demand for optical solutions is particularly strong as data consumption patterns shift towards video content, necessitating faster data transfer capabilities [6] Stock Performance - Corning's stock has increased by 40.5% over the past year, outperforming the industry growth of 33.3% [7]