KryptonResearch14
Oct 27, 11:30 AM
$GLW Q3 core EPS was 0.91 dollars, up 36% year over year and above the 0.88 dollars expected, on core sales of 5.08 billion dollars, up 19%.
Optical Communications did the heavy lifting. Sales were up 44% to 2.38 billion dollars, Enterprise Networks grew 84%, and Gen AI product sales more than doubled. Corning also signed four long-term, multibillion-dollar agreements in the quarter, including with
$VZ and
$T.
Q4 guidance is for core sales up about 19% again and core EPS up about 36%.
We've been looking at the same trend one layer down, the physical connectivity that has to scale with all this compute. We built a basket around that layer here: https://kryptonresearch.substack.com/p/connecting-the-future
0 replies