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Corning raises Q2 EPS view to high end of previous 42c-46c range, consensus 45c

Raises Q2 revenue view to $3.6B from $3.4B, consensus $3.41B. Wendell Weeks, chairman and chief executive officer, said, “We expect second-quarter core sales to exceed our previous guidance and mark a return to year-over-year growth. The outperformance was primarily driven by the strong adoption of our new optical connectivity products for Generative AI. These results reinforce our confidence in ‘Springboard’ – Corning’s plan to add more than $3 billion in annualized sales in the next three years as cyclical factors and secular trends combine.”

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