Corning Earnings: AI Fiber Boom Lifts Q1, But GLW Stock Slips on Q2 Outlook
Corning’s first-quarter core sales jumped 18% to $4.35 billion, fueled by AI data center and solar demand. Net income more than doubled to $371 million. The company signed two new long-term hyperscaler deals similar to its up-to-$6 billion Meta agreement. Shares fell premarket as investors weighed second-quarter guidance and solar-wafer shutdown costs.