Corning (GLW) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - Corning reported revenue of $3.68 billion for the quarter ended March 2025, reflecting a year-over-year increase of 12.9$0.54, an increase from $0.38 in the same quarter last year, exceeding the consensus estimate of$0.50 by 8.00% [1] Financial Performance - Net Sales in Display Technologies reached $905 million, slightly below the average estimate of$912.96 million, with a year-over-year change of +3.8% [4] - Net Sales in Optical Communications were $1.36 billion, exceeding the estimated$1.27 billion, marking a significant year-over-year increase of +45.7% [4] - Net Sales in Hemlock and Emerging Growth Businesses totaled $244 million, falling short of the average estimate of$321.84 million, representing a year-over-year decline of -21.5% [4] - Net Sales in Life Sciences were $234 million, below the average estimate of$249.16 million, with a slight year-over-year decrease of -0.9% [4] - Net Sales in Specialty Materials reached $501 million, surpassing the average estimate of$468.60 million, reflecting a year-over-year increase of +10.4% [4] Segment Performance - Segment Net Income for Optical Communications was $201 million, exceeding the average estimate of$169.93 million [4] - Segment Net Income for Display Technologies was $243 million, above the average estimate of$221.66 million [4] - Segment Net Income for Life Sciences was $13 million, below the average estimate of$19.50 million [4] - Segment Net Income for Specialty Materials was $74 million, slightly above the average estimate of$72.16 million [4] - Segment Net Income for Hemlock and Emerging Growth Businesses reported a loss of -$16 million, worse than the average estimate of -$7.78 million [4] Stock Performance - Corning's shares have returned -3.7% over the past month, compared to a -0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]