Corning Boosts Sales Forecast Amid Generative AI Demand

Specialty glass maker projects $3.6 billion in core sales for Q2, citing strong adoption of optical connectivity products.

Corning's shares rose over 9% following the revised sales forecast.
The company anticipates EPS at the high end or slightly above previous estimates.
Generative AI applications drive demand for Corning's optical connectivity products.
CEO Wendell Weeks highlights confidence in the company's 'Springboard' growth plan.
Corning expects more than $3 billion in annualized sales growth over the next three years.