GLW

MKT CAP:$152B

Corning Incorporated

Market Cap

$152B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NYSE

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$176.36+$85.69 (+94.51%)

Apr 24, 2026

Company Details

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for li...

CEO

Wendell Weeks

IPO Date

Dec 31, 1981

Website

www.corning.com

Key Metrics TTM

Revenue

$14.3B

-1.2% YoY

Net Income

$1.3B

EPS (Diluted)

$1.53

Free Cash Flow

$1.1B

Revenue / Share

$16.63

Gross Margin

33.7%

Operating Margin

12.0%

Net Margin

9.2%

FCF Margin

8.0%

P/S

10.6x

P/E

114.6x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 12, 2026

$15.6BEPS $1.85

Q4 2025

Feb 12, 2026

$4.2BEPS $0.63

Q2 2025

Aug 1, 2025

$3.9B+18.8%EPS $0.54

Q2 2024

Aug 2, 2024

$3.3BEPS $0.12

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 19	$2.9B	$1.1B	$374M
Q3 19	$2.9B	$1.0B	$365M
Q4 19	$2.8B	$854M	$147M
Q1 20	$2.4B	$561M	-$121M
Q2 20	$2.6B	$756M	-$103M
Q3 20	$3.0B	$1.0B	$257M
Q4 20	$3.4B	$1.2B	$476M
Q1 21	$3.3B	$1.2B	$502M
Q2 21	$3.5B	$1.3B	$575M
Q3 21	$3.6B	$1.3B	$552M
Q4 21	$3.7B	$1.3B	$483M
Q1 22	$3.7B	$1.3B	$570M
Q1 24	$3.0B	$993M	$254M
Q2 24	$3.3B	$949M	$186M
Q2 25	$3.9B	$1.4B	$573M
Q4 25	$4.2B	$1.5B	$698M

Valuation

Quarter	P/S	P/E
Q2 19	2.2x	17.5x
Q3 19	1.9x	17.9x
Q4 19	1.9x	23.1x
Q1 20	1.4x	43.7x
Q2 20	1.8x	93.9x
Q3 20	2.3x	83.4x
Q4 20	2.4x	53.9x
Q1 21	2.7x	27.5x
Q2 21	2.6x	20.0x
Q3 21	2.4x	19.6x
Q4 21	2.2x	16.4x
Q1 22	2.2x	16.9x
Q1 24	2.0x	16.9x
Q2 24	2.4x	23.9x
Q2 25	3.3x	33.0x
Q4 25	5.4x	57.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 19	$153M	-$417M
Q3 19	$889M	$372M
Q4 19	$1.0B	$642M
Q1 20	$248M	-$297M
Q2 20	$550M	$262M
Q3 20	$608M	$455M
Q4 20	$774M	$383M
Q1 21	$723M	$434M
Q2 21	$771M	$447M
Q3 21	$895M	$494M
Q4 21	$1.0B	$400M
Q1 22	$534M	$151M
Q1 24	$96M	-$156M
Q2 24	$521M	$279M
Q2 25	$708M	$400M
Q4 25	$1.1B	$620M

Capital Expenditures

Quarter	CapEx
Q2 19	$570M
Q3 19	$517M
Q4 19	$376M
Q1 20	$545M
Q2 20	$288M
Q3 20	$153M
Q4 20	$391M
Q1 21	$289M
Q2 21	$324M
Q3 21	$401M
Q4 21	$623M
Q1 22	$383M
Q1 24	$252M
Q2 24	$242M
Q2 25	$308M
Q4 25	$432M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 19	+7.0%	+9.1%
Q3 19	-2.5%	+3.3%
Q4 19	-7.2%	+3.9%
Q1 20	-15.0%	+5.0%
Q2 20	-12.9%	+3.8%
Q3 20	+2.3%	+6.8%
Q4 20	+18.9%	+7.6%
Q1 21	+37.6%	+11.0%
Q2 21	+36.7%	+9.8%
Q3 21	+20.5%	+11.6%
Q4 21	+9.7%	+11.1%
Q1 22	+11.9%	+11.5%
Q1 24	-15.0%	-7.0%
Q2 24	-10.1%	+0.1%
Q2 25	+5.1%	+3.0%
Q4 25	+14.5%	+13.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 19	$21M	0.7%
Q3 19	$13M	0.4%
Q4 19	$13M	0.5%
Q1 20	$10M	0.4%
Q2 20	$55M	2.1%
Q3 20	$62M	2.1%
Q4 20	$80M	2.4%
Q1 21	$34M	1.0%
Q2 21	$44M	1.3%
Q3 21	$39M	1.1%
Q4 21	$73M	2.0%
Q1 22	$42M	1.1%
Q1 24	$60M	2.0%
Q2 24	$66M	2.0%
Q2 25	$63M	1.6%
Q4 25	$70M	1.7%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 19	$249M	$414M
Q3 19	$255M	$369M
Q4 19	$278M	$401M
Q1 20	$261M	$395M
Q2 20	$430M	$401M
Q3 20	$231M	$480M
Q4 20	$232M	$471M
Q1 21	$222M	$400M
Q2 21	$242M	$465M
Q3 21	$251M	$486M
Q4 21	$280M	$476M
Q1 22	$248M	$434M
Q1 24	$258M	$451M
Q2 24	$262M	$471M
Q2 25	$276M	$515M
Q4 25	$284M	$504M

Revenue Segments

Quarter	Display Technologies	Environmental Technologies	Life Sciences	Optical Communications	Specialty Materials	All Other	Automotive Products	Polycrystalline Silicon
Q1 20	$751M	$320M	$258M	$791M	$352M	—	—	—
Q2 20	$753M	$226M	$243M	$887M	$417M	—	—	—
Q3 20	$827M	$379M	$223M	$909M	$570M	—	—	—
Q1 24	$872M	$455M	$236M	$930M	$454M	—	—	—
Q2 24	$1.0B	$431M	$249M	$1.1B	$501M	—	—	—
Q2 25	$725M	—	$246M	$1.6B	$542M	$103M	$457M	$223M
Q4 25	$763M	—	$244M	$1.7B	$540M	$285M	$441M	$241M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2.0B	$0	$2.0B
Q2 22	$1.6B	$0	$1.6B
Q3 22	$1.6B	$0	$1.6B
Q4 22	$1.7B	$0	$1.7B
Q1 23	$1.1B	$0	$1.1B
Q2 23	$1.5B	$0	$1.5B
Q3 23	$1.6B	$0	$1.6B
Q4 23	$1.8B	$0	$1.8B
Q1 24	$1.4B	$0	$1.4B
Q2 24	$1.4B	$0	$1.4B
Q3 24	$1.6B	$0	$1.6B
Q4 24	$1.8B	$0	$1.8B
Q1 25	$1.4B	$0	$1.4B
Q2 25	$1.5B	$0	$1.5B
Q3 25	$1.6B	$0	$1.6B
Q4 25	$1.5B	$0	$1.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 19	789M	-13.1%	-16.3%
Q3 19	897M	+13.7%	-3.5%
Q4 19	886M	-1.2%	-3.6%
Q1 20	760M	-14.2%	-16.3%
Q2 20	759M	-0.1%	-3.8%
Q3 20	889M	+17.1%	-0.9%
Q4 20	894M	+0.6%	+0.9%
Q1 21	898M	+0.4%	+18.2%
Q2 21	844M	-6.0%	+11.2%
Q3 21	866M	+2.6%	-2.6%
Q4 21	864M	-0.2%	-3.4%
Q1 22	859M	-0.6%	-4.3%
Q1 24	862M	+0.3%	+2.1%
Q2 24	864M	+0.2%	-0.2%
Q2 25	866M	+0.2%	+0.2%
Q4 25	860M	-0.7%	+0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 19	$57.1K	52K
Q3 19	$57.0K	52K
Q4 19	$56.9K	50K
Q1 20	$48.3K	50K
Q2 20	$51.7K	50K
Q3 20	$60.6K	50K
Q4 20	$66.9K	50K
Q1 21	$65.7K	50K
Q2 21	$69.9K	50K
Q3 21	$72.1K	50K
Q4 21	$60.1K	61K
Q1 22	$60.1K	61K
Q1 24	$59.7K	50K
Q2 24	$65.3K	50K
Q2 25	$68.6K	56K
Q4 25	$62.7K	67K

Revenue / Employee