Corning beats Q4 expectations, stock falls

Investing.com -- Corning Incorporated (NYSE: GLW) reported better-than-expected fourth-quarter 2025 results on Wednesday, but shares fell 3.6% premarket.

The specialty glass and ceramics maker posted adjusted earnings per share of $0.72, exceeding analyst estimates of $0.70, while revenue reached $4.41 billion, surpassing the consensus forecast of $4.36 billion. Revenue increased 14% compared to the same quarter last year, with earnings growing at a faster rate of 26% YoY.

For the first quarter of 2026, Corning expects core sales between $4.2 billion and $4.3 billion, representing approximately 15% YoY growth. The company forecasts core EPS in the range of $0.66 to $0.70.

"Since the launch of Springboard two years ago, we have transformed Corning's financial profile," said Wendell P. Weeks, chairman, chief executive officer, and president. "From Q4-2023 to Q4-2025, we expanded core operating margin by 390 basis points to 20.2%, and expanded core ROIC 540 basis points to 14.2%, while nearly doubling adjusted free cash flow."

The company's Optical Communications segment was the standout performer, with sales increasing 24% YoY to $1.7 billion. Meanwhile, Display segment revenue declined 2% to $955 million compared to the same period last year.

Corning also announced an upgraded "Springboard Plan" that now aims to add $11 billion in incremental annualized sales by the end of 2028, up from its original $8 billion target. For 2026, the company raised its internal sales growth target to $6.5 billion from $6 billion previously.

For the full year 2025, Corning reported core sales of $16.41 billion, up 13% YoY, while core EPS grew 29% to $2.52.

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