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Corning GLW

$154.11
−$0.37 (-0.24%)
Market open · Sep 24, 2:00 pm ET
After hours $154.00 -0.31%
Open$150.72
Prev close$154.48
Day range$149.60 – $156.36
Volume3.39M
Market cap$132.75B
P/E (TTM)71.0
Dividend yield0.73%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$4.51B+16.6% YoY
Operating profit$698.00M+21.8% YoY
Net profit$609.00M+21.8% YoY
Diluted EPS$0.64+18.5% YoY
Free cash flow$1.30B+223.8% YoY
Operating cash flow$1.72B

Revenue, last 8 quarters

$3.4BSep '24$3.5BDec '24$3.5BMar '25$3.9BJun '25$4.1BSep '25$4.2BDec '25$4.1BMar '26$4.5BJun '26

Net profit, last 8 quarters

$-95.0MSep '24$340.0MDec '24$185.0MMar '25$500.0MJun '25$470.0MSep '25$587.0MDec '25$408.0MMar '26$609.0MJun '26

Diluted EPS by quarter

-0.14Sep '240.36Dec '240.18Mar '250.54Jun '250.50Sep '250.62Dec '250.43Mar '260.64Jun '26

Free cash flow by quarter

$482.0MSep '24$369.0MDec '24$-57.0MMar '25$400.0MJun '25$450.0MSep '25$620.0MDec '25$30.0MMar '26$1.3BJun '26

Annual revenue

$11.3BFY20$14.1BFY21$14.2BFY22$12.6BFY23$13.1BFY24$15.6BFY25

Profitability & balance sheet

Gross margin36.4%
Operating margin15.3%
Net margin11.2%
Return on equity16.1%
Return on assets6.2%
Return on invested capital10.5%
Current ratio1.81
Liabilities / assets60.2%
Cash & investments$2.50B
Total debt$9.29B
Net cash (debt)-$6.79B
Free cash flow / sales14.1%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Optical communications$2.07B 43.7%
  • Glass Innovations$1.46B 30.9%
  • Automotive$471.00M 9.9%
  • Solar$438.00M 9.2%
  • Life Sciences and Emerging Growth Businesses$294.00M 6.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $4.51B $4.14B $15.63B $4.22B $4.10B
Total Operating Revenue $4.51B $4.14B $15.63B $4.22B $4.10B
Cost of Revenue $2.88B $2.62B $10.01B $2.72B $2.58B
Gross Profit $1.63B $1.53B $5.62B $1.50B $1.52B
Operating Expense $930.00M $889.00M $3.34B $823.00M $931.00M
Selling and Admin Expenses $608.00M $588.00M $2.12B $512.00M $624.00M
Research & Development $299.00M $278.00M $1.11B $284.00M $280.00M
Depreciation & Amortization & Depletion $23.00M $23.00M $110.00M $27.00M $27.00M
-Depreciation & Amortization $23.00M $23.00M $110.00M $27.00M $27.00M
Operating Profit $698.00M $639.00M $2.28B $672.00M $589.00M
Net Non-Operating Interest Income (Expense) -$82.00M -$83.00M -$298.00M -$82.00M -$68.00M
Non-Operating Interest Income $12.00M $9.00M $38.00M $11.00M $10.00M
Non-Operating Interest Expense $94.00M $92.00M $336.00M $93.00M $78.00M
Other Income (Expense) $33.00M -$27.00M $71.00M $88.00M $29.00M
Gain on Sale of Security $90.00M -$16.00M $150.00M $87.00M $33.00M
Other Non-Operating Income (Expenses) -$57.00M -$11.00M -$79.00M $1.00M -$4.00M
Pretax Profit $649.00M $529.00M $2.05B $678.00M $550.00M
Tax $40.00M $121.00M $310.00M $91.00M $80.00M
Net Profit $609.00M $408.00M $1.74B $587.00M $470.00M
Profit from Continuing Operations $609.00M $408.00M $1.74B $587.00M $470.00M
Minority Interests $50.00M $37.00M $146.00M $47.00M $40.00M
Net Income to Parent Company $559.00M $371.00M $1.60B $540.00M $430.00M
Net Income to Common Stockholders $559.00M $371.00M $1.60B $540.00M $430.00M
Basic EPS $0.65 $0.43 $1.87 $0.63 $0.50
Diluted EPS $0.64 $0.43 $1.83 $0.62 $0.50
Dividend Per Share $0.28 $0.28 $1.12 $0.28 $0.28

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $32.96B $31.25B $30.98B $30.98B $29.92B
Total Current Assets $10.92B $9.53B $8.94B $8.94B $8.68B
Cash and Cash Equivalents & Short-Term Investments $2.50B $1.76B $1.53B $1.53B $1.65B
-Cash and Cash Equivalents $2.50B $1.76B $1.53B $1.53B $1.65B
Receivables $2.93B $3.13B $2.94B $2.94B $2.51B
-Accounts Receivable $2.93B $2.68B $2.78B $2.78B $2.51B
Inventory $3.43B $3.28B $3.08B $3.08B $3.10B
Other Current Assets $2.06B $838.00M $858.00M $858.00M $1.42B
Total Non-Current Assets $22.04B $21.73B $22.04B $22.04B $21.24B
Net PPE $15.78B $15.64B $15.69B $15.69B $14.40B
-Gross PPE $31.24B $30.80B $30.91B $30.91B $29.57B
-Accumulated Depreciation -$15.46B -$15.16B -$15.23B -$15.23B -$15.17B
Investments and Advances $462.00M $488.00M $512.00M $512.00M –
Financial Assets $374.00M $337.00M $272.00M $272.00M –
Non Current Accounts Receivables $275.00M $134.00M $330.00M $330.00M –
Non-Current Prepaid Assets $134.00M $135.00M $248.00M $248.00M –
Goodwill and Other Intangible Assets $3.09B $3.11B $3.15B $3.15B $3.17B
-Goodwill $2.48B $2.48B $2.49B $2.49B $2.49B
-Other Intangible Assets $610.00M $632.00M $657.00M $657.00M $684.00M
Non-Current Deferred Assets $1.61B $1.57B $1.52B $1.52B $1.30B
Other Non-Current Assets $314.00M $312.00M $332.00M $332.00M $2.37B
Total Liabilities $19.83B $18.90B $18.67B $18.67B $17.91B
Total Current Liabilities $6.02B $5.92B $5.63B $5.63B $5.58B
Payables $2.68B $2.34B $2.08B $2.08B $2.11B
-Accounts Payable $2.36B $2.25B $1.98B $1.98B $2.03B
-Total Tax Payable $60.00M $93.00M $98.00M $98.00M $85.00M
-Dividends Payable $262.00M – – – –
Current Accrued Expenses $691.00M $529.00M $866.00M $866.00M $753.00M
Short-Term Debt and Capital Lease Obligation $758.00M $1.35B $901.00M $901.00M $904.00M
-Current Debt $668.00M $1.26B $804.00M $804.00M $812.00M
-Current Capital Lease Obligation $90.00M $99.00M $97.00M $97.00M $92.00M
Current Deferred Liabilities $465.00M $414.00M $386.00M $386.00M $392.00M
Other Current Liabilities $1.42B $1.28B $1.40B $1.40B $1.41B
Total Non-Current Liabilities $13.81B $12.99B $13.04B $13.04B $12.33B
Long Term Debt and Capital Lease Obligation $8.62B $8.57B $8.48B $8.48B $8.28B
-Long Term Debt $7.76B $7.72B $7.63B $7.63B $7.41B
-Long Term Capital Lease Obligation $865.00M $852.00M $846.00M $846.00M $874.00M
Derivative Product Liabilities $506.00M $370.00M $307.00M $307.00M $282.00M
Non-Current Deferred Liabilities $2.36B $1.76B $2.03B $2.03B $1.56B
Employee Benefits $939.00M $903.00M $901.00M $901.00M $920.00M
Other Non-Current Liabilities $1.39B $1.38B $1.32B $1.32B $1.29B
Total Equity $13.13B $12.35B $12.31B $12.31B $12.01B
Stockholders' Equity $12.56B $11.81B $11.81B $11.81B $11.54B
Capital Stock $927.00M $925.00M $924.00M $924.00M $924.00M
-Common Stock $927.00M $925.00M $924.00M $924.00M $924.00M
Additional Paid-In Capital $18.64B $17.70B $17.58B $17.58B $17.50B
Retained Earnings $16.75B $16.68B $16.55B $16.55B $16.25B
Less: Treasury Stock $21.43B $21.21B $21.14B $21.14B $21.13B
Gains/Losses Not Affecting Retained Earnings -$2.32B -$2.29B -$2.11B -$2.11B -$2.02B
Minority Interests $567.00M $537.00M $500.00M $500.00M $469.00M
-Other Receivables – $452.00M $163.00M $163.00M –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.72B $362.00M $2.70B $1.05B $784.00M
Net cash flow from continuing operations $1.72B $362.00M $2.70B $1.05B $784.00M
Net Income from Continuing Operations $609.00M $408.00M $1.74B $587.00M $470.00M
Gain/Loss from Continuing Operations -$89.00M $10.00M -$139.00M -$162.00M -$17.00M
Depreciation & Depletion & Amortization $391.00M $357.00M $1.35B $351.00M $337.00M
Deferred Tax -$39.00M -$62.00M -$355.00M -$206.00M -$110.00M
Other Non-Cash Items $119.00M $99.00M $274.00M $155.00M $90.00M
Change in Working Capital $591.00M -$565.00M -$460.00M $257.00M -$85.00M
-Change in Receivables -$267.00M $12.00M -$749.00M -$320.00M -$226.00M
-Change in Inventory -$145.00M -$232.00M -$243.00M $23.00M -$28.00M
-Change in Payables and Accrued Expense $275.00M -$80.00M $584.00M $193.00M $450.00M
-Change in Other Current Assets -$88.00M -$56.00M -$262.00M -$6.00M -$151.00M
-Change In Other Working Capital $816.00M -$209.00M $210.00M $367.00M -$130.00M
Net cash flow from investing -$359.00M -$203.00M -$1.24B -$478.00M -$299.00M
Net Cash Flow from Continuing Investing Activities -$359.00M -$203.00M -$1.24B -$478.00M -$299.00M
Capital Expenditure -$422.00M -$332.00M -$1.28B -$432.00M -$334.00M
Net Investment Purchase and Sale $26.00M $150.00M $182.00M -$10.00M $119.00M
Net Other Investing Changes $37.00M -$21.00M -$9.00M $98.00M -$84.00M
Financing Cash Flow -$631.00M $59.00M -$1.67B -$652.00M -$324.00M
Net Cash Flow from Continuing Financing Activities -$631.00M $59.00M -$1.67B -$652.00M -$324.00M
Net Issuance Payments Of Debt -$656.00M $414.00M -$425.00M -$395.00M -$36.00M
Cash Dividends Paid -$251.00M -$244.00M -$999.00M -$255.00M -$241.00M
Proceeds from Stock Option Exercised $509.00M $14.00M $41.00M $10.00M $19.00M
Net Other Financing Charges -$233.00M -$125.00M -$126.00M -$7.00M -$41.00M
Ending Cash Balance $2.51B $1.76B $1.53B $1.53B $1.65B
Net Change in Cash $727.00M $218.00M -$220.00M -$78.00M $161.00M
Beginning Cash Balance $1.76B $1.57B $1.77B $1.65B $1.49B
Free Cash Flow $1.30B $30.00M $1.41B $620.00M $450.00M
Effect of Exchange Rate Changes – -$5.00M $18.00M -$4.00M -$4.00M
Net Business Purchase and Sale – – -$134.00M – –
Net Common Stock Issuance – – -$163.00M -$5.00M -$25.00M
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