Corning said net sales for the 3 months ended June 30, 2025 increased $611 million, or 19%, compared to the same period in the prior year, primarily driven by an increase in optical communications product sales of $453 million.

1. 01

   Corning said net sales for the 3 months ended June 30, 2025 increased $611 million, or 19%, compared to the same period in the prior year, primarily driven by an increase in optical communications product sales of $453 million.

2. 02

   The company said gross margin for the 3 months increased $443 million, or 47%, and increased as a percentage of sales by 7 percentage points, citing price increases, restoration of productivity levels and normalization of inventory levels as factors.

3. 03

   Corning said core net income for the 3 months ended June 30, 2025 was $523 million compared to $407 million in the same period in the prior year, core earnings per share was $0.60, and it expects core net sales for Q3 2025 to be approximately $4.2 billion.

4. 04

   The company said cash and cash equivalents as of June 30, 2025 were $1.5 billion, and it entered into a New Credit Agreement of $1.5 billion on July 28, 2025. As of June 30, the leverage ratio was approximately 39%, within the maximum limit of 60%.

Key figures

Quarter ended June 30, 2025

Revenue

$3.9B

Operating income

$573M

Net income

$469M

EPS

$0.54

Gross profit

$1.4B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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