GLW Q2 2024 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q2 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.3B+0.2% YoY

Gross Profit

$949M29.2% margin

Operating Income

$186M5.7% margin

Net Income

$104M3.2% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

+9.3%

Cash Flow

Operating Cash Flow

$521M

Free Cash Flow

$279M

Stock-Based Comp.

$66M

Balance Sheet

Total Assets

$27.2B

Total Liabilities

$16.3B

Stockholders' Equity

$10.6B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$3.2B	+0.2%
Gross Profit	$949M	$1.0B	-6.3%
Operating Income	$186M	$279M	-33.3%
Net Income	$104M	$281M	-63.0%

Revenue Segments

Optical Communications

$1.1B34%

Display Technologies

$1.0B31%

Specialty Materials

$501M15%

Environmental Technologies

$431M13%

Life Sciences

$249M8%