Corning Incorporated (NYSE:GLW) today announced an upward revision in its sales forecast for the second quarter of 2024.

The company now expects core sales to reach approximately $3.6 billion, an increase from the previously projected $3.4 billion.

Corning also anticipates core earnings per share (EPS) to be at the high end of or slightly above the previously guided range of $0.42 to $0.46.

Wendell Weeks, Chairman and CEO of Corning, attributed the improved outlook to robust sales growth year-over-year, particularly driven by the strong market reception of the company’s new optical connectivity products designed for Generative AI applications.

Weeks highlighted that these results bolster Corning’s confidence in its strategic growth initiative, 'Springboard', which aims to add more than $3 billion in annualized sales over the next three years by leveraging both cyclical factors and secular trends.