Corning(US:GLW)2025-04-29 16:33Q1 2025 Financial Performance - Corning reported Q1 2025 core sales of $3.7 billion, a 13% year-over-year increase[15] - The company's Q1 2025 core EPS was $0.54, a 42% year-over-year increase[15] - Q1 2025 gross margin was 37.9%, a 110 bps increase year-over-year[15] - Optical Communications segment sales were $1.36 billion, up 46% year-over-year, with net income of $201 million, up 101% year-over-year[49] - Display segment sales were $905 million, up 4% year-over-year, with net income of $243 million, up 21% year-over-year[50] - Specialty Materials segment sales were $501 million, up 10% year-over-year, with net income of $74 million, up 68% year-over-year[51] Outlook and Strategy - Corning expects Q2 2025 core sales to be approximately $3.85 billion and core EPS to be in the range of $0.55 to $0.59[46] - The company is reiterating confidence in its ability to deliver a $4 billion+ high-confidence Springboard plan[19] - Corning anticipates investing approximately $1.3 billion on capital expenditures in 2025[56] Tariffs Impact - The direct financial impact of existing tariffs is estimated to be approximately $0.01-$0.02 impact in Q2[17] - The company expects the direct impact of currently enacted tariffs to be ~$10 million-$15 million or $0.01-$0.02 for Q2[28]