Corning Beats and Guides Above Views

Core Insights - Corning Incorporated reported third-quarter 2025 results that exceeded estimates, with adjusted EPS of $0.67 compared to the consensus of $0.66 and revenue of $4.27 billion, a 14% year-over-year increase, surpassing the forecast of $4.24 billion [1] - Despite the positive results, shares fell more than 3% intra-day on Tuesday, indicating market skepticism [1] - For the fourth quarter, Corning guided revenue to approximately $4.35 billion, above Street expectations of $4.26 billion, and projected adjusted EPS between $0.68 and $0.72, exceeding the consensus of $0.67 [1] Revenue Growth - Optical Communications segment led the growth, with enterprise sales climbing 58% year over year, driven by strong demand for new Gen AI products, resulting in a 33% increase in segment revenue to $1.65 billion [2] - The company expects to achieve its Springboard operating margin target of 20% in Q4 2025, one year ahead of schedule [2] Operating Margins - Core operating margin expanded by 130 basis points year over year to 19.6% in the third quarter [2]