Corning beats earnings on AI fiber demand, signs two hyperscaler deals
Corning's optical communications division reported $1.85 billion in Q1 sales, a 36% year-over-year increase driven by data center buildout for AI. The company also signed two new hyperscaler deals, boosting fiber demand.
Key facts
- Corning's optical communications division posted $1.85 billion in Q1 sales.
- Sales were up 36% year over year.
- Growth was driven by data center buildout for AI.
- Corning signed two new hyperscaler deals.
Entities
Institutions
- Corning
Sources
- Quartz —