Corning Incorporated announced its fourth-quarter and full-year 2025 results and provided its outlook for first-quarter 2026.
- Company delivers record results for Q4 and full-year 2025 and expects continued growth in Q1
Q4 core sales and core EPS grew 14 percent to USD 4.41 billion and 26 percent to USD 0.72, Year-on-Year, respectively. - Full-year 2025 core sales grew 13 percent to USD 16.41 billion, and core EPS grew 29 percent to USD 2.52.
- In Q1, management expects YoY growth to accelerate, with core sales up ~15 percent to a range of USD 4.2 billion to USD 4.3 billion, and core EPS growing to a range of USD 0.66 to USD 0.70.
Since Springboard launch, Corning transformed its financial profile. From Q4-2023 to Q4-2025
- The company expanded core operating margin 390 bps to 20.2 percent and core ROIC 540 bps to 14.2 percent.
- Adjusted free cash flow nearly doubled to USD 1.72 billion for full-year 2025 versus full-year 2023.
Management upgrades Springboard Plan. From the Q4-2023 starting point
- Internal plan now adds USD 11 billion in incremental annualised sales by the end of 2028, up from original USD 8-billion plan.
- Internal plan now adds USD 6.5 billion in incremental annualised sales by the end of 2026, up from previous USD 6-billion plan.
- High-confidence plan now adds USD 5.75 billion in incremental annualised sales by the end of 2026, up from previous USD 4-billion plan.
Wendell P. Weeks, chairman, chief executive officer, and president, said, “Since the launch of Springboard two years ago, we have transformed Corning’s financial profile: From Q4-2023 to Q4-2025, we expanded core operating margin by 390 basis points to 20.2 percent, and expanded core ROIC 540 basis points to 14.2 percent, while nearly doubling adjusted free cash flow to USD 1.72 billion for full-year 2025. We now have a highly profitable launch point for future growth.”
Weeks continued, “Excitingly, we have even stronger long-term growth ahead. Today, we are upgrading our original Springboard plan to now add USD 11 billion in incremental annualised sales by the end of 2028, up from our original USD 8-billion plan.”
The full report is available here.