Highlights from Corning’s Q3 2023 Earnings

Corning’s CEO and CFO recently shared updates on the company’s third-quarter 2023 earnings conference call. Here are some key takeaways across Corning’s Market-Access Platforms:

• “We remain confident that the industry’s underlying growth drivers are intact – specifically broadband, 5G, cloud computing, and advanced AI. There are also public infrastructure investments to help connect the unconnected… and bring broadband to a much larger share of the U.S. population.”

• “In Display, we have been and continue to be the undisputed leader in technology, quality, and cost.”
• “On average, our customers are experiencing double-digit price increases, with the majority of the impact in the third quarter.”

• “We extended our market leadership by collaborating with Apple to deliver durable glass with infused color – a first for any smartphone – for the back of the iPhone 15 and iPhone 15 Plus devices.”
• “These devices also feature Ceramic Shield, which we collaborated on with Apple to deliver a cover material with unparalleled smartphone performance.”

• “We announced an expanded collaboration with longtime customer AUO to accelerate the production of their industry-leading, large-format curved automotive display modules using our patented ColdForm^™ technology.”
• “In Automotive, new U.S. EPA regulations go into effect starting in 2027. The new regulations force adoption of gasoline particulate filters – and we are the inventor and clear market leader in GPFs.”

• “We also recently announced Corning^® Viridian^™ Vials. This new technology can improve filling-line efficiency by up to 50% while reducing vial-manufacturing carbon-dioxide-equivalent emissions by up to 30%.”

Learn more about Corning’s third-quarter 2023 earnings on the company’s Investor Relations website.