Corning Inc Q2 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Yes. If I can just start off with Display. You've talked about kind of demand being resilient on the TV side, but as we're looking at some of the data points from panel makers, they're guiding to a substantial improvement in panel shipments quarter-on-quarter going to 3Q or something in the magnitude of 20%. So wanted to get a sense of what you're seeing in terms of -- or hearing in terms of demand from your panel customers? Where does inventory stand? Because I think last quarter, you were a bit concerned about the inventory level going in.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Okay. And if I can just follow-up on the cash flow here. So you had a strong free cash flow quarter through the working capital improvements that you're driving. Just help me think about how sustainable those are as you start to kind of go through the recovery in terms of revenue. How much of that improvement is kind of something you have to get back as you burn working capital? Just to trying to think about kind of how does this impact your free cash flow conversion in the long run.