GLWCorning Incorporated

$119B

Q2 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.6B+3.3% YoY

Gross Profit

$1.2B34.5% margin

Operating Income

$490M13.6% margin

Net Income

$563M15.6% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

-1.8%

Cash Flow

Operating Cash Flow

$758M

Free Cash Flow

$405M

Stock-Based Comp.

$51M

Balance Sheet

Total Assets

$29.7B

Total Liabilities

$17.7B

Stockholders' Equity

$11.7B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.6B	$3.5B	+3.3%
Gross Profit	$1.2B	$1.3B	-5.2%
Operating Income	$490M	$575M	-14.8%
Net Income	$563M	$449M	+25.4%

Revenue Segments

Optical Communications

$1.3B39%

Display Technologies

$878M26%

Specialty Materials

$485M15%

Environmental Technologies

$356M11%

Life Sciences

$312M9%

GLW Q2 2022 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena