Corning Inc. (NYSE:GLW), a key supplier of glass used in Apple Inc.’s (NASDAQ:AAPL) iPhone and Apple Watch, reported fourth-quarter fiscal 2025 results on Wednesday.
The Corning, N.Y.-based company posted adjusted earnings of 72 cents per share, beating analyst estimates of 70 cents.
Core sales rose 14% year over year (Y/Y) to $4.41 billion, exceeding the $4.35 billion consensus.
Core EPS grew 26% Y/Y, while core operating margin expanded 390 basis points Y/Y to 20.2%.
On a GAAP basis, Corning reported $4.22 billion in revenue (+20% Y/Y) and net income of $540 million, compared to $310 million in the same quarter last year.
Operating cash flow for the quarter was $1.05 billion, and adjusted free cash flow stood at $732 million in the quarter.
Segments Performance
Optical Communications revenue rose 24% Y/Y to $1.70 billion, while Display sales fell 2% Y/Y to $955 million.
Specialty Materials revenue climbed 6% Y/Y to $544 million, while Automotive sales declined 1% Y/Y to $440 …