>> All right welcome back everybody. Morning results are out this morning beating expectations on both the top and the bottom line. You can see that stock is up by about 4% right now.In fact if you look over the last year it's up by more than 30%. You got to add this morning's gain to that as well. Joining us right now is Wendell Weeks.He's Corning CEO. And Wendell welcome. It's great to see you this morning.Let's go back and set this a little bit in perspective. Because you first came on with us about a ye ...

Q2 2025 Financial Performance - Core sales reached $405 billion, a 12% increase year-over-year (YoY)[13] - Operating margin was 190%, a 160 basis points increase YoY[13] - Core EPS was $060, a 28% increase YoY[13] - Optical Communications segment net sales increased by 41% YoY to $157 billion, with net income up 73% YoY to $247 million[46] - Hemlock and Emerging Growth Businesses net sales increased by 31% YoY to $326 million, but experienced a net loss of $10 million[60] Springboard Plan & Future Outlook - The company grew sales 24% since Q4 2023, adding over $3 billion to the annualized sales run rate[17] - The company expects Q3 2025 core sales to be approximately $42 billion and core EPS to be between $063 and $067[41] - The company anticipates approximately $13 billion in capital investments for 2025[61] Growth Opportunities - Enterprise Network sales increased by 81% YoY, driven by network scale-out[28,46] - The company expects to triple its solar sales run rate by 2027, adding $16 billion of new annualized revenue[32]

Exhibit 99 News Release FOR RELEASE – July 29, 2025 Corning Announces Outstanding Second-Quarter 2025 Financial Results Highlighted by Record Core Sales and Core EPS (1) CORNING, N.Y. — Corning Incorporated (NYSE: GLW) today announced its second-quarter 2025 results and provided its outlook for third-quarter 2025. Wendell P. Weeks, chairman and chief executive officer, said, "We delivered an outstanding second quarter, with core sales up 12% year over year to $4.05 billion and core EPS growing more than dou ...

Core Insights - Corning has participated in the China International Supply Chain Promotion Expo for the third consecutive year, emphasizing its commitment to the Chinese market with the theme "Rooted in China, Flourishing" [2] - The company views China as its most important market and plans to continue investing significantly in the region [2][3] Investment and Operations - Corning has invested over $9 billion in China, operating 21 factories and employing over 6,000 people, with a comprehensive operational network covering R&D, finance, production technology, and logistics [2] - The localization rate of raw materials has increased from 75% in 2015 to 92% in 2023, with 99% of human resources and logistics services sourced from local suppliers [2] Market Opportunities - The rapid development of China's automotive industry has led Corning to invest in projects related to emissions control and automotive glass solutions, with plans to expand investments in automotive interior glass [3] - The demand for large-sized televisions is rising, prompting Corning to continue its investments in display technology [3] - The growth in artificial intelligence and data centers in China is expected to drive a surge in the high-density fiber optic market, leading Corning to enhance its R&D in optical communication technologies [3] Future Outlook - Corning maintains a very optimistic outlook on China's economic prospects and plans to continue investing in the Chinese market [3] - The company has established three factories in Hefei with total investments exceeding $3 billion, reflecting its growth alongside the development of the industry chain in China [3] - Corning aims to focus on customer-centric strategies and invest in key areas such as digitalization, green manufacturing, and advanced materials in alignment with China's new productive forces [3]

Core Insights - Corning Incorporated (NYSE: GLW) is scheduled to report its earnings on July 29, 2025, with historical data indicating a tendency for negative one-day returns post-earnings announcements, occurring in 60% of cases [2][3] Financial Performance - Analysts project earnings of $0.57 per share on revenues of $3.84 billion for the upcoming quarter, showing an improvement from the previous year's earnings of $0.47 per share on revenues of $3.60 billion [3] - Corning has an estimated market capitalization of around $48 billion, with $14 billion in revenue generated over the past twelve months, operational profits of $1.3 billion, and a net income of $454 million [4] Historical Earnings Reaction - Over the past five years, Corning has recorded 20 earnings data points, with 8 positive and 12 negative one-day returns, resulting in positive returns approximately 40% of the time [6] - The median of the 8 positive returns is 3.9%, while the median of the 12 negative returns is -3.1% [6] Post-Earnings Return Analysis - The correlation between short-term (1D) and medium-term (5D, 21D) returns can guide trading strategies, with a focus on pairs that show the strongest correlation [7] - Historical data indicates that the correlation between 1D and 5D returns can be utilized for positioning trades following earnings announcements [7] Competitor Influence - The performance of competitors can impact Corning's post-earnings stock response, with pricing effects potentially starting before the earnings announcement [8]

Core Insights - Corning (GLW) is expected to report quarterly earnings of $0.57 per share, reflecting a 21.3% increase year-over-year, with revenues projected at $3.85 billion, a 6.9% increase from the previous year [1] Financial Projections - Analysts forecast 'Net Sales- Display Technologies' to reach $919.85 million, indicating a decline of 9.3% from the year-ago quarter [4] - 'Net Sales- Optical Communications' is expected to be $1.47 billion, showing a year-over-year increase of 31.7% [4] - 'Net Sales- Specialty Materials' is projected at $520.03 million, reflecting a 3.8% increase from the prior-year quarter [4] - 'Net Sales- Life Sciences' is estimated at $245.70 million, indicating a decrease of 1.3% from the previous year [5] - 'Net Sales- Hemlock and Emerging Growth Businesses' is expected to be $270.90 million, suggesting an 8.5% decline year-over-year [5] Segment Net Income Estimates - 'Segment Net Income- Display Technologies' is projected to be $233.14 million, down from $258.00 million in the same quarter last year [6] - 'Segment Net Income- Life Sciences' is expected to reach $16.13 million, compared to $17.00 million reported in the previous year [6] - 'Segment Net Income- Optical Communications' is forecasted at $202.79 million, up from $143.00 million year-over-year [7] - 'Segment Net Income- Specialty Materials' is anticipated to be $76.36 million, compared to $63.00 million in the same quarter last year [7] Market Performance - Corning's shares have increased by 8.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 5.7% [7] - The company holds a Zacks Rank 1 (Strong Buy), indicating expectations of outperforming the overall market in the near future [7]

Group 1 - The third China International Supply Chain Promotion Expo concluded successfully, with over 6000 cooperation agreements signed, emphasizing China's commitment to maintaining global supply chain stability and promoting an open world economy [1][2] - The expo serves as a platform for international cooperation in supply chains, addressing challenges posed by unilateralism and trade protectionism, and aims to foster stronger, greener, and healthier global development [2][3] - The event highlighted China's resilient economic performance and the emergence of new growth opportunities in the market, driven by new productivity and the dual advancement of emerging sectors and traditional industry upgrades [3][4] Group 2 - The expo attracted 1200 participating companies and institutions, with 35% being foreign exhibitors, and over 65% of the exhibitors being from Fortune 500 and leading industry firms, indicating a significant increase in international participation [5] - Notable international organizations and companies made their debut at the expo, showcasing a commitment to enhancing international cooperation in supply chains and exploring global development opportunities [5][6] - The establishment of a Sino-foreign exhibitor alliance during the expo aims to facilitate ongoing collaboration and resource sharing among participants, creating a continuous platform for exchange and cooperation [6][7]

Core Viewpoint - Corning Inc. has acquired JA Solar's component factory in Arizona, enhancing its vertical integration in manufacturing solar components in the U.S. [1][4] Group 1: Acquisition Details - Corning Inc. has purchased JA Solar Industrial Corp.'s factory in Arizona, which will become part of Corning's wholly-owned subsidiary, American Panel Solutions [1] - JA Solar announced a $60 million investment in Phoenix, Arizona, to build 2GW of photovoltaic module capacity, initially planned to start operations in Q4 2023, but the factory will only begin ramping up production by Q4 2024 [2] - The acquisition of JA Solar's factory marks JA Solar as the second Chinese solar company to sell its U.S. component factory, following Trina Solar's sale of its 5GW module factory to FREYR Battery, Inc. [3] Group 2: Corning's Strategic Moves - Corning, established in 1851, is a leading manufacturer of specialty glass and ceramics, recognized as a Fortune 500 company [4] - The acquisition is part of Corning's strategy to strengthen its manufacturing capabilities in the U.S., following its announcement to build a solar wafer manufacturing facility in Michigan [4] - Corning has also partnered with solar manufacturers Sunniva and Heliene to produce a complete range of solar components in the U.S., from polysilicon to panels [4]

Core Viewpoint - The article emphasizes the importance of quality kitchenware, particularly highlighting the brand Corning, which is known for its durable and high-quality cooking products that enhance the cooking experience [14][17][21]. Group 1: Brand and Product Highlights - Corning is a century-old American brand recognized for its heat-resistant glass cookware, which has been a staple in American and European households [14][17]. - The brand's products, such as glass pots, air fryers, and health pots, are presented as essential kitchen items that improve cooking efficiency and enjoyment [23][21]. - The article promotes a special event where consumers can purchase Corning products at significantly discounted prices, emphasizing the limited-time nature of these offers [25][27]. Group 2: Product Features and Benefits - Corning's cookware is designed to withstand extreme temperatures, with capabilities ranging from -60°C to 900°C, making it versatile for various cooking methods [43]. - The article details specific products like the Corning crystal-clear pot, which allows users to monitor cooking progress easily, and the air fryer, which features a transparent basket for visibility during cooking [39][71]. - The multifunctional instant hot water machine is highlighted for its ability to serve multiple purposes, including boiling water and brewing tea, catering to diverse consumer needs [95][100]. Group 3: Promotional Events and Offers - The article encourages readers to participate in a live-streaming event to access exclusive discounts on Corning products, with prices slashed to as low as 20% of the original [114]. - Special promotions include giveaways, such as mobile phones, to incentivize participation in the live event [27][29]. - The urgency of the offers is stressed, indicating that these deals are available for a limited time only, creating a sense of exclusivity and urgency for potential buyers [25][27].

Core Insights - Corning Incorporated (GLW) is expected to report its Q2 2025 results on July 29, with a trailing four-quarter earnings surprise of 3.95% on average and an 8% surprise in the last quarter [1][5] Group 1: Revenue Growth and Estimates - Corning is likely to experience year-over-year revenue growth due to strong demand in the Optical Communications and Specialty Materials segments [1][9] - Revenue estimates for the Optical Communication segment are projected at $1.47 billion, up from $1.11 billion year-over-year [4] - The Display Technologies segment is estimated to generate $919.6 million, reflecting a 9.3% decline year-over-year [4] - The Specialty Materials segment is expected to reach $527 million, indicating a 5.2% increase year-over-year [4] - The overall revenue estimate for the June quarter is $3.85 billion, up from $3.6 billion in the previous year [5] Group 2: Strategic Partnerships and Product Developments - Corning has entered a multi-year collaboration with Broadcom to enhance data center processing capabilities, which is expected to improve Corning's market prospects in AI-driven infrastructure [2][9] - Samsung has chosen to use Gorilla Glass Ceramic 2 in its Galaxy S25 Edge devices, which is anticipated to positively impact Corning's Q2 earnings due to its enhanced durability features [3][9] Group 3: Earnings Predictions - The consensus estimate for adjusted earnings per share is 57 cents, an increase from 47 cents in the year-ago quarter [5] - Corning's Earnings ESP is 0.00%, indicating no predicted earnings beat this time [6][7]