GLW Q2 2023 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q2 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.2B-10.3% YoY

Gross Profit

$1.0B31.2% margin

Operating Income

$279M8.6% margin

Net Income

$281M8.7% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

$619M

Free Cash Flow

$231M

Stock-Based Comp.

$59M

Balance Sheet

Total Assets

$28.6B

Total Liabilities

$16.9B

Stockholders' Equity

$11.4B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.6B	-10.3%
Gross Profit	$1.0B	$1.2B	-18.7%
Operating Income	$279M	$490M	-43.1%
Net Income	$281M	$563M	-50.1%

Revenue Segments

Optical Communications

$1.1B34%

Display Technologies

$928M30%

Environmental Technologies

$457M15%

Specialty Materials

$423M14%

Life Sciences

$231M7%