What is the market's earnings forecast for Corning next quarter?

What is Corning's latest dividend and current dividend yield?

What is Corning's gross profit margin?

What guidance did Corning's management provide for the next earnings period?

What is the revenue and EPS growth rate for Corning year over year?

What does Corning do and what are its main business segments?

What were the key takeaways from Corning’s earnings call?

What factors drove the changes in Corning's revenue and profit?

- **Record Q3 Results**: Revenue $4.27B (+14% YoY), EPS $0.67 (+24% YoY), operating margin 19.6% (130bps expansion).
- **Springboard Plan Overachievement**: 31% sales growth, 72% EPS growth, and 20% operating margin target met a year early.
- **Gen AI and Solar Growth Drivers**: Enterprise networks up 58% YoY, solar business on track for $2.5B annualized revenue by 2028.
- **Capital Allocation Focus**: Share buybacks and high-return investments, with $1.3B CapEx for 2025.

**【CEO Summary Section】**
- **Revenue and Profit Growth**: Q3 revenue of $4.27 billion (+14% YoY), EPS of $0.67 (+24% YoY), operating margin expanded 130bps to 19.6%, and free cash flow of $535 million.
- **Springboard Plan Success**: Achieved 31% sales growth since Q4 2023, 330bps margin expansion, and 72% EPS growth, surpassing original targets. Q4 operating margin expected to hit 20% target a year ahead of schedule.
- **Gen AI and Solar Growth**: Enterprise networks sales up 58% YoY, and solar business on track for $2.5 billion annualized revenue by 2028.

**【CFO Financial Commentary】**
- **Segment Performance**: Optical Communications sales up 33% YoY, driven by Gen AI products; Display net income margin maintained at 25%; Specialty Materials and Automotive segments showed strong incremental profits.
- **Q4 Outlook**: Sales of $4.35 billion (+12% YoY), EPS guidance of $0.68-$0.72, and free cash flow expected to grow significantly YoY.
- **Capital Allocation**: $1.3 billion in CapEx for 2025, with focus on high-return investments and share buybacks.

**【Q&A Highlights】**
- **Demand and Supply Dynamics**: Tight supply for Gen AI products, with customers requesting faster delivery; Apple's $2.5 billion investment in U.S. manufacturing to support iPhone/Watch cover glass production.
- **Solar Ramp Progress**: New wafer facility ramping to 1 million/day, with 80% capacity pre-committed for next 5 years; targeting $1.6 billion annualized revenue by 2027.
- **Operating Margin Expansion**: Q4 operating margin expected to reach 20%, with ongoing cost control and incremental profit growth.


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