Published
{
"ticker": "GLW",
"cik": "0000024741",
"company": "Corning Incorporated",
"business_type": "industrial",
"schema_template": "standard (industrial/technology manufacturer): net sales, cost of sales, gross margin, operating income, net income, EPS; cash, debt, assets, equity; operating cash flow, capital expenditures, free cash flow, dividends. Corning is a specialty glass, ceramics and optical materials manufacturer, so a revenue/cost-of-sales frame is the right one; reportable-segment net sales and net income are carried alongside because segment mix is how the business reads.",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual dollars (not millions); share counts are actual shares; per-share amounts are actual dollars per share",
"units_notes_seen": {
"FY2025 10-K consolidated statements of income": "Year ended December 31, | (in millions, except per share amounts) | 2025 | 2024 | 2023",
"FY2025 10-K consolidated balance sheets": "December 31, | (in millions, except share and per share amounts) | 2025 | 2024",
"FY2025 10-K consolidated statements of cash flows": "Year ended December 31, | (in millions) | 2025 | 2024 | 2023",
"FY2025 10-K consolidated statements of changes in shareholders' equity": "(in millions)",
"FY2025 10-K Note 17 (Earnings Per Common Share)": "(in millions, except per share amounts)",
"FY2025 10-K Note 18 (Reportable Segments)": "Segment Information (in millions)",
"FY2025 10-K Note 10 (Debt)": "(in millions)",
"Q2 2026 10-Q consolidated statements of income": "(Unaudited; in millions, except per share amounts) | Three months ended June 30, | Six months ended June 30, | 2026 | 2025 | 2026 | 2025",
"Q2 2026 10-Q consolidated balance sheets": "(Unaudited; in millions, except share and per share amounts) | June 30, 2026 | December 31, 2025",
"Q2 2026 10-Q consolidated statements of cash flows": "(Unaudited; in millions) | Six months ended June 30, | 2026 | 2025",
"Q2 2026 10-Q consolidated statements of changes in shareholders' equity": "(Unaudited; in millions, except per share amounts)",
"Q2 2026 10-Q Note 13 (Earnings Per Common Share)": "(in millions, except per share amounts)",
"Q2 2026 10-Q Note 14 (Reportable Segments)": "Segment information (in millions):",
"Q2 2026 earnings release (Exhibit 99 to the Form 8-K of July 28, 2026) consolidated statements of cash flows": "(Unaudited; in millions) | Three months ended June 30, | Six months ended June 30, | 2026 | 2025 | 2026 | 2025"
},
"adjustments": {
"splits_applied": [],
"adr_ratio": null,
"fx": null
},
"source_filings": [
{
"role": "annual",
"current": false,
"form": "10-K",
"fiscal_year": 2025,
"fiscal_period": "FY",
"tag": "FY25",
"period_end": "2025-12-31",
"filed": "2026-02-12",
"accession": "0000024741-26-000124",
"url": "https://www.sec.gov/Archives/edgar/data/24741/000002474126000124/0000024741-26-000124-index.htm",
"source": "reported"
},
{
"role": "quarterly",
"current": true,
"form": "10-Q",
"fiscal_year": 2026,
"fiscal_period": "Q2",
"tag": "FY26Q2",
"period_end": "2026-06-30",
"filed": "2026-07-29",
"accession": "0000024741-26-000255",
"url": "https://www.sec.gov/Archives/edgar/data/24741/000002474126000255/0000024741-26-000255-index.htm",
"source": "facts"
}
],
"annual": [
{
"fiscal_year": 2025,
"label": "FY2025",
"period_start": "2025-01-01",
"period_end": "2025-12-31",
"period_type": "fiscal year",
"source_accession": "0000024741-26-000124",
"income_statement": {
"net_sales": 15629000000,
"cost_of_sales": 10008000000,
"gross_margin": 5621000000,
"selling_general_and_administrative_expenses": 2122000000,
"research_development_and_engineering_expenses": 1110000000,
"amortization_of_purchased_intangibles": 110000000,
"operating_income": 2279000000,
"interest_income": 38000000,
"interest_expense": -336000000,
"translated_earnings_contract_gain_net": 150000000,
"other_income_expense_net": -79000000,
"income_before_income_taxes": 2052000000,
"provision_for_income_taxes": -310000000,
"net_income": 1742000000,
"net_income_attributable_to_noncontrolling_interest": -146000000,
"net_income_attributable_to_common_shareholders": 1596000000,
"basic_eps": 1.87,
"diluted_eps": 1.83,
"basic_shares": 855000000,
"diluted_shares": 871000000
},
"cash_flow": {
"net_income": 1742000000,
"depreciation": 1237000000,
"amortization_of_purchased_intangibles": 110000000,
"share_based_compensation_expense": 286000000,
"net_cash_provided_by_operating_activities": 2695000000,
"net_cash_from_investing_activities": -1243000000,
"net_cash_from_financing_activities": -1672000000,
"capital_expenditures": 1282000000,
"dividends_paid": 999000000,
"free_cash_flow": 1413000000,
"dividends_declared_per_common_share": 1.12
},
"balance_sheet": {
"cash_and_cash_equivalents": 1526000000,
"trade_accounts_receivable_net": 2779000000,
"inventories": 3077000000,
"total_current_assets": 8936000000,
"property_plant_and_equipment_net": 14825000000,
"goodwill": 2489000000,
"total_assets": 30976000000,
"current_portion_of_long_term_debt_and_short_term_borrowings": 804000000,
"accounts_payable": 1979000000,
"total_current_liabilities": 5628000000,
"long_term_debt": 7630000000,
"total_liabilities": 18669000000,
"total_corning_shareholders_equity": 11807000000,
"noncontrolling_interest": 500000000,
"total_equity": 12307000000,
"total_debt": 8434000000
},
"segment_results": {
"basis": "The five reportable segments presented in the FY2025 10-K - Optical Communications, Display, Specialty Materials, Automotive and Life Sciences - together with Hemlock and Emerging Growth Businesses, which is not a reportable segment but the grouping of all other businesses that do not meet the quantitative threshold for separate reporting. Segment net sales and segment net income are the company's management measures. The company applies constant-currency reporting to the five reportable segments, so they do not sum to consolidated net sales or consolidated net income. The entry named total_reportable_segments is the total of the five reportable segments as the 10-K's own reconciliation prints it; the entry named all_segments_total adds Hemlock and Emerging Growth Businesses to that total and is likewise not consolidated net sales or consolidated net income; the filing reconciles both to the consolidated figures.",
"segments": {
"optical_communications": {
"segment_net_sales": 6274000000,
"segment_net_income": 1048000000
},
"display": {
"segment_net_sales": 3697000000,
"segment_net_income": 993000000
},
"specialty_materials": {
"segment_net_sales": 2211000000,
"segment_net_income": 367000000
},
"automotive": {
"segment_net_sales": 1794000000,
"segment_net_income": 278000000
},
"life_sciences": {
"segment_net_sales": 972000000,
"segment_net_income": 61000000
},
"total_reportable_segments": {
"segment_net_sales": 14948000000,
"segment_net_income": 2747000000
},
"hemlock_and_emerging_growth_businesses": {
"segment_net_sales": 1460000000,
"segment_net_income": -26000000
},
"all_segments_total": {
"segment_net_sales": 16408000000,
"segment_net_income": 2721000000
}
}
}
},
{
"fiscal_year": 2024,
"label": "FY2024",
"period_start": "2024-01-01",
"period_end": "2024-12-31",
"period_type": "fiscal year",
"source_accession": "0000024741-26-000124",
"income_statement": {
"net_sales": 13118000000,
"cost_of_sales": 8842000000,
"gross_margin": 4276000000,
"selling_general_and_administrative_expenses": 1931000000,
"research_development_and_engineering_expenses": 1089000000,
"amortization_of_purchased_intangibles": 121000000,
"operating_income": 1135000000,
"interest_income": 47000000,
"interest_expense": -329000000,
"translated_earnings_contract_gain_net": 83000000,
"other_income_expense_net": -123000000,
"income_before_income_taxes": 813000000,
"provision_for_income_taxes": -221000000,
"net_income": 592000000,
"net_income_attributable_to_noncontrolling_interest": -86000000,
"net_income_attributable_to_common_shareholders": 506000000,
"basic_eps": 0.59,
"diluted_eps": 0.58,
"basic_shares": 853000000,
"diluted_shares": 869000000
},
"cash_flow": {
"net_income": 592000000,
"depreciation": 1229000000,
"amortization_of_purchased_intangibles": 121000000,
"share_based_compensation_expense": 273000000,
"net_cash_provided_by_operating_activities": 1939000000,
"net_cash_from_investing_activities": -744000000,
"net_cash_from_financing_activities": -1164000000,
"capital_expenditures": 965000000,
"dividends_paid": 986000000,
"free_cash_flow": 974000000,
"dividends_declared_per_common_share": 1.12
},
"balance_sheet": {
"cash_and_cash_equivalents": 1768000000,
"trade_accounts_receivable_net": 2053000000,
"inventories": 2724000000,
"total_current_assets": 7992000000,
"property_plant_and_equipment_net": 13359000000,
"goodwill": 2363000000,
"total_assets": 27735000000,
"current_portion_of_long_term_debt_and_short_term_borrowings": 326000000,
"accounts_payable": 1472000000,
"total_current_liabilities": 4919000000,
"long_term_debt": 6885000000,
"total_liabilities": 16665000000,
"total_corning_shareholders_equity": 10686000000,
"noncontrolling_interest": 384000000,
"total_equity": 11070000000,
"total_debt": 7211000000
},
"segment_results": {
"basis": "The five reportable segments presented in the FY2025 10-K - Optical Communications, Display, Specialty Materials, Automotive and Life Sciences - together with Hemlock and Emerging Growth Businesses, which is not a reportable segment but the grouping of all other businesses that do not meet the quantitative threshold for separate reporting. Segment net sales and segment net income are the company's management measures. The company applies constant-currency reporting to the five reportable segments, so they do not sum to consolidated net sales or consolidated net income. The entry named total_reportable_segments is the total of the five reportable segments as the 10-K's own reconciliation prints it; the entry named all_segments_total adds Hemlock and Emerging Growth Businesses to that total and is likewise not consolidated net sales or consolidated net income; the filing reconciles both to the consolidated figures.",
"segments": {
"optical_communications": {
"segment_net_sales": 4657000000,
"segment_net_income": 612000000
},
"display": {
"segment_net_sales": 3872000000,
"segment_net_income": 1006000000
},
"specialty_materials": {
"segment_net_sales": 2018000000,
"segment_net_income": 260000000
},
"automotive": {
"segment_net_sales": 1846000000,
"segment_net_income": 261000000
},
"life_sciences": {
"segment_net_sales": 979000000,
"segment_net_income": 63000000
},
"total_reportable_segments": {
"segment_net_sales": 13372000000,
"segment_net_income": 2202000000
},
"hemlock_and_emerging_growth_businesses": {
"segment_net_sales": 1097000000,
"segment_net_income": 42000000
},
"all_segments_total": {
"segment_net_sales": 14469000000,
"segment_net_income": 2244000000
}
}
}
},
{
"fiscal_year": 2023,
"label": "FY2023",
"period_start": "2023-01-01",
"period_end": "2023-12-31",
"period_type": "fiscal year",
"source_accession": "0000024741-26-000124",
"income_statement": {
"net_sales": 12588000000,
"cost_of_sales": 8657000000,
"gross_margin": 3931000000,
"selling_general_and_administrative_expenses": 1843000000,
"research_development_and_engineering_expenses": 1076000000,
"amortization_of_purchased_intangibles": 122000000,
"operating_income": 890000000,
"interest_income": 38000000,
"interest_expense": -329000000,
"translated_earnings_contract_gain_net": 161000000,
"other_income_expense_net": 56000000,
"income_before_income_taxes": 816000000,
"provision_for_income_taxes": -168000000,
"net_income": 648000000,
"net_income_attributable_to_noncontrolling_interest": -67000000,
"net_income_attributable_to_common_shareholders": 581000000,
"basic_eps": 0.69,
"diluted_eps": 0.68,
"basic_shares": 848000000,
"diluted_shares": 859000000
},
"cash_flow": {
"net_income": 648000000,
"depreciation": 1247000000,
"amortization_of_purchased_intangibles": 122000000,
"share_based_compensation_expense": 218000000,
"net_cash_provided_by_operating_activities": 2005000000,
"net_cash_from_investing_activities": -1000000000,
"net_cash_from_financing_activities": -883000000,
"capital_expenditures": 1390000000,
"dividends_paid": 989000000,
"free_cash_flow": 615000000,
"dividends_declared_per_common_share": 1.12
},
"segment_results": {
"basis": "The five reportable segments presented in the FY2025 10-K - Optical Communications, Display, Specialty Materials, Automotive and Life Sciences - together with Hemlock and Emerging Growth Businesses, which is not a reportable segment but the grouping of all other businesses that do not meet the quantitative threshold for separate reporting. Segment net sales and segment net income are the company's management measures. The company applies constant-currency reporting to the five reportable segments, so they do not sum to consolidated net sales or consolidated net income. The entry named total_reportable_segments is the total of the five reportable segments as the 10-K's own reconciliation prints it; the entry named all_segments_total adds Hemlock and Emerging Growth Businesses to that total and is likewise not consolidated net sales or consolidated net income; the filing reconciles both to the consolidated figures.",
"segments": {
"optical_communications": {
"segment_net_sales": 4012000000,
"segment_net_income": 478000000
},
"display": {
"segment_net_sales": 3532000000,
"segment_net_income": 842000000
},
"specialty_materials": {
"segment_net_sales": 1865000000,
"segment_net_income": 202000000
},
"automotive": {
"segment_net_sales": 1893000000,
"segment_net_income": 290000000
},
"life_sciences": {
"segment_net_sales": 959000000,
"segment_net_income": 50000000
},
"total_reportable_segments": {
"segment_net_sales": 12261000000,
"segment_net_income": 1862000000
},
"hemlock_and_emerging_growth_businesses": {
"segment_net_sales": 1319000000,
"segment_net_income": 111000000
},
"all_segments_total": {
"segment_net_sales": 13580000000,
"segment_net_income": 1973000000
}
}
}
}
],
"quarterly": [
{
"fiscal_year": 2026,
"fiscal_quarter": 2,
"label": "Q2 2026",
"period_start": "2026-04-01",
"period_end": "2026-06-30",
"period_type": "three months",
"source_accession": "0000024741-26-000255",
"cash_flow_source_accession": "0000024741-26-000253",
"income_statement": {
"net_sales": 4505000000,
"cost_of_sales": 2877000000,
"gross_margin": 1628000000,
"selling_general_and_administrative_expenses": 608000000,
"research_development_and_engineering_expenses": 299000000,
"amortization_of_purchased_intangibles": 23000000,
"operating_income": 698000000,
"interest_income": 12000000,
"interest_expense": -94000000,
"translated_earnings_contract_gain_net": 90000000,
"other_income_expense_net": -57000000,
"income_before_income_taxes": 649000000,
"provision_for_income_taxes": -40000000,
"effective_tax_rate_percent": 6.2,
"net_income": 609000000,
"net_income_attributable_to_noncontrolling_interest": -50000000,
"net_income_attributable_to_common_shareholders": 559000000,
"basic_eps": 0.65,
"diluted_eps": 0.64,
"basic_shares": 862000000,
"diluted_shares": 875000000
},
"balance_sheet": {
"cash_and_cash_equivalents": 2504000000,
"trade_accounts_receivable_net": 2932000000,
"inventories": 3426000000,
"total_current_assets": 10917000000,
"property_plant_and_equipment_net": 14927000000,
"goodwill": 2476000000,
"total_assets": 32956000000,
"current_portion_of_long_term_debt_and_short_term_borrowings": 668000000,
"accounts_payable": 2361000000,
"total_current_liabilities": 6021000000,
"long_term_debt": 7756000000,
"total_liabilities": 19829000000,
"total_corning_shareholders_equity": 12560000000,
"noncontrolling_interest": 567000000,
"total_equity": 13127000000,
"total_debt": 8424000000
},
"cash_flow": {
"net_income": 609000000,
"depreciation": 368000000,
"amortization_of_purchased_intangibles": 23000000,
"share_based_compensation_expense": 135000000,
"net_cash_provided_by_operating_activities": 1717000000,
"net_cash_from_investing_activities": -359000000,
"net_cash_from_financing_activities": -631000000,
"capital_expenditures": 422000000,
"dividends_paid": 251000000,
"free_cash_flow": 1295000000
},
"segment_results": {
"basis": "Reportable segments as recast in the Q2 2026 10-Q (Optical Communications, Glass Innovations, Automotive, Solar, plus Life Sciences and Emerging Growth Businesses). Segment net sales and segment net income are the company's management measures and are adjusted for hedged foreign-currency exposures, so they do not sum to consolidated net sales or consolidated net income. The entry named all_segments_total is the sum of the segment measures shown above it, not consolidated net sales or consolidated net income; the filing reconciles the two.",
"segments": {
"optical_communications": {
"segment_net_sales": 2072000000,
"segment_net_income": 438000000
},
"glass_innovations": {
"segment_net_sales": 1463000000,
"segment_net_income": 354000000
},
"automotive": {
"segment_net_sales": 471000000,
"segment_net_income": 82000000
},
"solar": {
"segment_net_sales": 438000000,
"segment_net_income": -7000000
},
"total_reportable_segments": {
"segment_net_sales": 4444000000,
"segment_net_income": 867000000
},
"life_sciences_and_emerging_growth_businesses": {
"segment_net_sales": 294000000,
"segment_net_income": -21000000
},
"all_segments_total": {
"segment_net_sales": 4738000000,
"segment_net_income": 846000000
}
}
}
},
{
"fiscal_year": 2025,
"fiscal_quarter": 2,
"label": "Q2 2025",
"period_start": "2025-04-01",
"period_end": "2025-06-30",
"period_type": "three months",
"source_accession": "0000024741-26-000255",
"cash_flow_source_accession": "0000024741-26-000253",
"income_statement": {
"net_sales": 3862000000,
"cost_of_sales": 2470000000,
"gross_margin": 1392000000,
"selling_general_and_administrative_expenses": 515000000,
"research_development_and_engineering_expenses": 276000000,
"amortization_of_purchased_intangibles": 28000000,
"operating_income": 573000000,
"interest_income": 5000000,
"interest_expense": -83000000,
"translated_earnings_contract_gain_net": 131000000,
"other_income_expense_net": -42000000,
"income_before_income_taxes": 584000000,
"provision_for_income_taxes": -84000000,
"effective_tax_rate_percent": 14.4,
"net_income": 500000000,
"net_income_attributable_to_noncontrolling_interest": -31000000,
"net_income_attributable_to_common_shareholders": 469000000,
"basic_eps": 0.55,
"diluted_eps": 0.54,
"basic_shares": 855000000,
"diluted_shares": 865000000
},
"cash_flow": {
"net_income": 500000000,
"depreciation": 312000000,
"amortization_of_purchased_intangibles": 28000000,
"share_based_compensation_expense": 63000000,
"net_cash_provided_by_operating_activities": 708000000,
"net_cash_from_investing_activities": -301000000,
"net_cash_from_financing_activities": -293000000,
"capital_expenditures": 308000000,
"dividends_paid": 261000000,
"free_cash_flow": 400000000
},
"segment_results": {
"basis": "Comparative quarter recast into the segment structure adopted in the first quarter of 2026. Segment measures for this period use the company's prior constant-currency adjustment, which is a different methodology from the hedged-exposure adjustment used from April 1, 2026, so they do not sum to consolidated net sales or consolidated net income. The entry named all_segments_total is the sum of the segment measures shown above it, not consolidated net sales or consolidated net income; the filing reconciles the two.",
"segments": {
"optical_communications": {
"segment_net_sales": 1566000000,
"segment_net_income": 247000000
},
"glass_innovations": {
"segment_net_sales": 1443000000,
"segment_net_income": 324000000
},
"automotive": {
"segment_net_sales": 460000000,
"segment_net_income": 79000000
},
"solar": {
"segment_net_sales": 231000000,
"segment_net_income": 2000000
},
"total_reportable_segments": {
"segment_net_sales": 3700000000,
"segment_net_income": 652000000
},
"life_sciences_and_emerging_growth_businesses": {
"segment_net_sales": 345000000,
"segment_net_income": 6000000
},
"all_segments_total": {
"segment_net_sales": 4045000000,
"segment_net_income": 658000000
}
}
}
}
],
"notes": [
"Source filings: the FY2025 Form 10-K for the year ended December 31, 2025 (accession 0000024741-26-000124, filed February 12, 2026) and the Form 10-Q for the quarter ended June 30, 2026 (accession 0000024741-26-000255, filed July 29, 2026). Corning's fiscal year is the calendar year. The three-month cash flow figures on the quarterly entries come from Exhibit 99 to the Form 8-K furnished July 28, 2026 (accession 0000024741-26-000253), the second-quarter 2026 earnings release, which is the only one of these filings that prints a three-month cash flow column.",
"Periods reported here are exactly the ones those two filings put on their face. The 10-K's income statement and cash flow statement present 2025, 2024 and 2023; its balance sheet presents December 31, 2025 and December 31, 2024 only, so FY2023 carries an income statement and a cash flow statement and no balance sheet. The 10-Q presents the three months ended June 30, 2026 and June 30, 2025, the six months ended those same dates, and a balance sheet at June 30, 2026.",
"All dollar figures are stated in actual dollars. Every statement used is printed in millions; share counts in the earnings-per-share notes are also in millions, and per-share amounts are actual dollars per share. The scaling note read for each statement is recorded in units_notes_seen.",
"net_income is Corning's consolidated net income including the non-controlling interest. net_income_attributable_to_common_shareholders is the line the filings print as \"Net income attributable to Corning Incorporated\", which is the numerator of the figure they caption \"Earnings per common share available to common shareholders\". For FY2025 that is $1,596 million over 871 million weighted-average diluted shares, or $1.83 of diluted earnings per share.",
"capital_expenditures and dividends_paid are stated as positive cash outflows. The net_cash_from_investing_activities and net_cash_from_financing_activities subtotals are stated with the sign the filings print, so a negative figure means cash was used. free_cash_flow is operating cash flow less capital expenditures and is a derived figure, not a line the filings print.",
"The quarterly list holds discrete three-month periods only. The six months ended June 30, 2026 is reported separately in year_to_date, with the six months ended June 30, 2025 alongside it as prior_year_comparative.",
"The 10-Q's cash flow statement covers the six months only; it prints no three-month column, so the six-month cash flows appear in year_to_date and its prior-year comparative. The discrete three-month cash flows carried on the Q2 2026 and Q2 2025 entries are taken instead from the second-quarter 2026 earnings release (Exhibit 99 to the Form 8-K furnished July 28, 2026, accession 0000024741-26-000253), whose cash flow statement does print three-month columns. Those two entries record that accession as cash_flow_source_accession; their income statement and balance sheet remain from the 10-Q (accession 0000024741-26-000255). Q2 2025 also carries no balance sheet, because the 10-Q's balance sheet presents June 30, 2026 and December 31, 2025 only.",
"trailing_twelve_months is derived: the year ended December 31, 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. It is not a period any filing presents. Weighted-average share counts and per-share amounts are not additive and are not shown on that block.",
"Total debt is the sum of the two debt captions on the balance sheet - current portion of long-term debt and short-term borrowings, plus long-term debt. At December 31, 2025 that is $804 million plus $7,630 million, or $8,434 million; at June 30, 2026 it is $668 million plus $7,756 million, or $8,424 million. Note 10 of the 10-K separately gives total long-term debt including its current portion as $8,425 million at December 31, 2025; the $9 million difference is short-term borrowings, which that table lists on its own line.",
"Segment figures are the company's own management measures and are carried under segment_results, separate from the consolidated statements. They are adjusted for foreign currency and exclude items management treats as outside ongoing operations, so segment net sales and segment net income do not sum to consolidated net sales or consolidated net income. For FY2025 the segments total $16,408 million of net sales against $15,629 million consolidated, the whole $779 million difference being the constant-currency adjustment the 10-K's reconciliation identifies, which it says relates primarily to the Display segment.",
"Corning changed its reportable-segment structure twice across these two filings, so the segment breakdowns are on two different bases and are not directly comparable to each other. The FY2025 10-K reports six units - Optical Communications, Display, Specialty Materials, Automotive, Life Sciences, and Hemlock and Emerging Growth Businesses - after recasting prior years to the structure adopted on January 1, 2025. Effective in the first quarter of 2026 the company combined Display and Specialty Materials into Glass Innovations, combined Hemlock Semiconductor Group with the solar wafer and solar module businesses into Solar, and stopped reporting Life Sciences separately, leaving four reportable segments plus Life Sciences and Emerging Growth Businesses. The 10-Q recasts the 2025 comparative quarters into that new structure. The company states these changes had no effect on results of operations, financial position or changes in shareholders' equity, and none of the consolidated figures in this record were restated.",
"The measure used inside the segments also changed during the current quarter. Through March 31, 2026 the company adjusted segment results using long-term management-determined core currency rates (\"constant-currency reporting\"); effective April 1, 2026 it replaced that prospectively with an \"adjustment for hedged exposures\" applied to the hedged portion of its currency exposure. The comparative 2025 segment amounts have not been recast for that change. The company states that applying the new adjustment to the 2025 comparatives would have produced higher year-over-year growth in Glass Innovations segment net sales and segment net income, with an immaterial effect on the other segments.",
"Dividends declared per common share are read from the \"Common dividends\" row of the statement of changes in shareholders' equity and were $1.12 in each of 2025, 2024 and 2023. They are not shown on the quarterly entries because the amount charged in a given quarter does not correspond to one quarterly declaration: the 10-Q's equity statement shows $0.28 per share in the first quarter and $0.56 per share in the second quarter of both 2026 and 2025. Cash dividends paid are reported in the cash flow blocks.",
"The Q2 2026 10-Q reports that on May 6, 2026 Corning issued warrants to purchase up to 18 million shares of common stock in connection with a long-term customer partnership. They were recorded in additional paid-in capital in a combined amount of $796 million - the traditional warrant at its grant-date fair value of $296 million, and the pre-funded warrant at its $500 million cash consideration - and the cash flow statement shows $500 million of proceeds from warrants in the six months ended June 30, 2026. They are included in the dilutive securities in the quarter's diluted share count.",
"Corning reports in U.S. dollars and no currency conversion was applied. The company has no stock splits in its recent history and is not an ADR, so no split or per-ADS adjustment was made.",
"The 10-Q's income tax note prints an effective tax rate beside the provision, and it is carried here as effective_tax_rate_percent, stated in percent: 6.2% for the three months ended June 30, 2026 against 14.4% a year earlier, and 13.7% against 16.9% for the six months. The company attributes the second-quarter 2026 rate's difference from the 21% U.S. statutory rate primarily to adjustments to share-based compensation, government incentives and foreign derived deduction eligible income. No effective tax rate is carried on the annual or trailing-twelve-month blocks."
],
"uncertainties": [
"The 10-Q's cash flow statement presents the six months ended June 30, 2026 and June 30, 2025 only and prints no three-month column, so the three-month cash flow figures on the Q2 2026 and Q2 2025 entries are taken from the quarter's earnings release - Exhibit 99 to the Form 8-K furnished July 28, 2026 (accession 0000024741-26-000253) - whose cash flow statement does print three-month columns. Those figures are unaudited and are not part of the 10-Q; every other figure on those two entries is from the 10-Q. Within the three-month columns, free_cash_flow is operating cash flow less capital expenditures and is derived here, not a line the release prints.",
"No balance sheet is reported for Q2 2025. The 10-Q's balance sheet presents June 30, 2026 and December 31, 2025 only. The statement of changes in shareholders' equity does give total equity of $11,545 million at June 30, 2025, but a single line is not a balance sheet and it has not been carried as one.",
"Segment net sales and segment net income for the 2025 comparative periods in the 10-Q sit on the company's prior constant-currency methodology while the 2026 second-quarter amounts use the new hedged-exposure adjustment. Year-over-year segment comparisons for that quarter therefore mix two methodologies. The company says the effect is concentrated in Glass Innovations and is immaterial elsewhere, but it does not quantify it, so the size of the distortion cannot be stated here.",
"Segment breakdowns from the 10-K (six units, years 2025, 2024 and 2023) and from the 10-Q (four reportable segments plus other businesses, 2026 and 2025 interim periods) are on different structures. They should not be compared line for line across the two filings.",
"The trailing-twelve-month figures are arithmetic from the annual and interim columns of two filings, not a period either filing presents or audits."
],
"year_to_date": {
"label": "Six months ended June 30, 2026",
"period_start": "2026-01-01",
"period_end": "2026-06-30",
"period_type": "six months",
"source_accession": "0000024741-26-000255",
"income_statement": {
"net_sales": 8649000000,
"cost_of_sales": 5493000000,
"gross_margin": 3156000000,
"selling_general_and_administrative_expenses": 1196000000,
"research_development_and_engineering_expenses": 577000000,
"amortization_of_purchased_intangibles": 46000000,
"operating_income": 1337000000,
"interest_income": 21000000,
"interest_expense": -186000000,
"translated_earnings_contract_gain_net": 74000000,
"other_income_expense_net": -68000000,
"income_before_income_taxes": 1178000000,
"provision_for_income_taxes": -161000000,
"effective_tax_rate_percent": 13.7,
"net_income": 1017000000,
"net_income_attributable_to_noncontrolling_interest": -87000000,
"net_income_attributable_to_common_shareholders": 930000000,
"basic_eps": 1.08,
"diluted_eps": 1.06,
"basic_shares": 860000000,
"diluted_shares": 877000000
},
"cash_flow": {
"net_income": 1017000000,
"depreciation": 702000000,
"amortization_of_purchased_intangibles": 46000000,
"share_based_compensation_expense": 250000000,
"net_cash_provided_by_operating_activities": 2079000000,
"net_cash_from_investing_activities": -562000000,
"net_cash_from_financing_activities": -572000000,
"capital_expenditures": 754000000,
"dividends_paid": 495000000,
"free_cash_flow": 1325000000
},
"segment_results": {
"basis": "Reportable segments as recast in the Q2 2026 10-Q. Segment measures are adjusted for hedged foreign-currency exposures (from April 1, 2026) and constant-currency reporting (before that date), so they do not sum to consolidated net sales or consolidated net income. The entry named all_segments_total is the sum of the segment measures shown above it, not consolidated net sales or consolidated net income; the filing reconciles the two.",
"segments": {
"optical_communications": {
"segment_net_sales": 3918000000,
"segment_net_income": 825000000
},
"glass_innovations": {
"segment_net_sales": 2883000000,
"segment_net_income": 678000000
},
"automotive": {
"segment_net_sales": 908000000,
"segment_net_income": 152000000
},
"solar": {
"segment_net_sales": 808000000,
"segment_net_income": 0
},
"total_reportable_segments": {
"segment_net_sales": 8517000000,
"segment_net_income": 1655000000
},
"life_sciences_and_emerging_growth_businesses": {
"segment_net_sales": 566000000,
"segment_net_income": -45000000
},
"all_segments_total": {
"segment_net_sales": 9083000000,
"segment_net_income": 1610000000
}
}
},
"prior_year_comparative": {
"label": "Six months ended June 30, 2025",
"period_start": "2025-01-01",
"period_end": "2025-06-30",
"period_type": "six months",
"source_accession": "0000024741-26-000255",
"income_statement": {
"net_sales": 7314000000,
"cost_of_sales": 4708000000,
"gross_margin": 2606000000,
"selling_general_and_administrative_expenses": 986000000,
"research_development_and_engineering_expenses": 546000000,
"amortization_of_purchased_intangibles": 56000000,
"operating_income": 1018000000,
"interest_income": 17000000,
"interest_expense": -165000000,
"translated_earnings_contract_gain_net": 30000000,
"other_income_expense_net": -76000000,
"income_before_income_taxes": 824000000,
"provision_for_income_taxes": -139000000,
"effective_tax_rate_percent": 16.9,
"net_income": 685000000,
"net_income_attributable_to_noncontrolling_interest": -59000000,
"net_income_attributable_to_common_shareholders": 626000000,
"basic_eps": 0.73,
"diluted_eps": 0.72,
"basic_shares": 855000000,
"diluted_shares": 866000000
},
"cash_flow": {
"net_income": 685000000,
"depreciation": 603000000,
"amortization_of_purchased_intangibles": 56000000,
"share_based_compensation_expense": 117000000,
"net_cash_provided_by_operating_activities": 859000000,
"net_cash_from_investing_activities": -466000000,
"net_cash_from_financing_activities": -696000000,
"capital_expenditures": 516000000,
"dividends_paid": 503000000,
"free_cash_flow": 343000000
},
"segment_results": {
"basis": "Comparative six months recast into the segment structure adopted in the first quarter of 2026, on the company's prior constant-currency basis. The entry named all_segments_total is the sum of the segment measures shown above it, not consolidated net sales or consolidated net income; the filing reconciles the two.",
"segments": {
"optical_communications": {
"segment_net_sales": 2921000000,
"segment_net_income": 448000000
},
"glass_innovations": {
"segment_net_sales": 2849000000,
"segment_net_income": 641000000
},
"automotive": {
"segment_net_sales": 900000000,
"segment_net_income": 147000000
},
"solar": {
"segment_net_sales": 437000000,
"segment_net_income": 29000000
},
"total_reportable_segments": {
"segment_net_sales": 7107000000,
"segment_net_income": 1265000000
},
"life_sciences_and_emerging_growth_businesses": {
"segment_net_sales": 617000000,
"segment_net_income": -24000000
},
"all_segments_total": {
"segment_net_sales": 7724000000,
"segment_net_income": 1241000000
}
}
}
}
},
"trailing_twelve_months": {
"label": "Trailing twelve months ended June 30, 2026",
"period_start": "2025-07-01",
"period_end": "2026-06-30",
"period_type": "trailing twelve months",
"source_accession": "0000024741-26-000124; 0000024741-26-000255",
"derivation": "FY2025 (year ended December 31, 2025) plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Per-share amounts and weighted-average share counts are not summed and are therefore not shown.",
"income_statement": {
"net_sales": 16964000000,
"cost_of_sales": 10793000000,
"gross_margin": 6171000000,
"selling_general_and_administrative_expenses": 2332000000,
"research_development_and_engineering_expenses": 1141000000,
"amortization_of_purchased_intangibles": 100000000,
"operating_income": 2598000000,
"interest_income": 42000000,
"interest_expense": -357000000,
"translated_earnings_contract_gain_net": 194000000,
"other_income_expense_net": -71000000,
"income_before_income_taxes": 2406000000,
"provision_for_income_taxes": -332000000,
"net_income": 2074000000,
"net_income_attributable_to_noncontrolling_interest": -174000000,
"net_income_attributable_to_common_shareholders": 1900000000
},
"cash_flow": {
"net_income": 2074000000,
"depreciation": 1336000000,
"amortization_of_purchased_intangibles": 100000000,
"share_based_compensation_expense": 419000000,
"net_cash_provided_by_operating_activities": 3915000000,
"net_cash_from_investing_activities": -1339000000,
"net_cash_from_financing_activities": -1548000000,
"capital_expenditures": 1520000000,
"dividends_paid": 991000000,
"free_cash_flow": 2395000000
}
},
"headline": {
"period": "Q2 FY2026",
"period_end_words": "June 30, 2026",
"metrics": [
{
"label": "Net sales",
"format": "usd",
"value": 4505000000,
"text": "$4.50 billion",
"exact": "$4,505,000,000",
"compact": "$4.50B",
"abs": "$4.50 billion",
"prior_value": 3862000000,
"prior": "$3.86 billion",
"priorabs": "$3.86 billion",
"yoy": "up 16.6%",
"source": {
"array": "quarterly",
"field": "income_statement.net_sales",
"index": 0,
"period_label": "Q2 2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000024741-26-000255",
"prior_index": 1,
"prior_period_label": "Q2 2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000024741-26-000255",
"gap_days": 365
}
},
{
"label": "Net income",
"format": "usd",
"value": 559000000,
"text": "$559 million",
"exact": "$559,000,000",
"compact": "$559.00M",
"abs": "$559 million",
"prior_value": 469000000,
"prior": "$469 million",
"priorabs": "$469 million",
"yoy": "up 19.2%",
"source": {
"array": "quarterly",
"field": "income_statement.net_income_attributable_to_common_shareholders",
"index": 0,
"period_label": "Q2 2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000024741-26-000255",
"prior_index": 1,
"prior_period_label": "Q2 2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000024741-26-000255",
"gap_days": 365
}
},
{
"label": "Diluted EPS",
"format": "eps",
"value": 0.64,
"text": "$0.64",
"exact": "$0.64",
"compact": "$0.64",
"abs": "$0.64",
"prior_value": 0.54,
"prior": "$0.54",
"priorabs": "$0.54",
"yoy": "up 18.5%",
"source": {
"array": "quarterly",
"field": "income_statement.diluted_eps",
"index": 0,
"period_label": "Q2 2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000024741-26-000255",
"prior_index": 1,
"prior_period_label": "Q2 2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000024741-26-000255",
"gap_days": 365
}
},
{
"label": "Operating income",
"format": "usd",
"value": 698000000,
"text": "$698 million",
"exact": "$698,000,000",
"compact": "$698.00M",
"abs": "$698 million",
"prior_value": 573000000,
"prior": "$573 million",
"priorabs": "$573 million",
"yoy": "up 21.8%",
"source": {
"array": "quarterly",
"field": "income_statement.operating_income",
"index": 0,
"period_label": "Q2 2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000024741-26-000255",
"prior_index": 1,
"prior_period_label": "Q2 2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000024741-26-000255",
"gap_days": 365
}
},
{
"label": "Optical Communications sales",
"format": "usd",
"value": 2072000000,
"text": "$2.07 billion",
"exact": "$2,072,000,000",
"compact": "$2.07B",
"abs": "$2.07 billion",
"prior_value": 1566000000,
"prior": "$1.57 billion",
"priorabs": "$1.57 billion",
"yoy": "up 32.3%",
"source": {
"array": "quarterly",
"field": "segment_results.segments.optical_communications.segment_net_sales",
"index": 0,
"period_label": "Q2 2026",
"period_end": "2026-06-30",
"period_start": "2026-04-01",
"span_days": 90,
"source_accession": "0000024741-26-000255",
"prior_index": 1,
"prior_period_label": "Q2 2025",
"prior_period_end": "2025-06-30",
"prior_period_start": "2025-04-01",
"prior_span_days": 90,
"prior_source_accession": "0000024741-26-000255",
"gap_days": 365
}
}
],
"summary": "Corning reported $4.50 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026, up 16.6% from a year earlier, and net income attributable to Corning of $559 million, up 19.2%, or $0.64 per diluted share. The growth was concentrated in Optical Communications, Corning's largest segment, where net sales of $2.07 billion were up 32.3% on demand for data center and generative AI connectivity products. Operating income was $698 million, up 21.8%, though gross margin was flat as a share of sales, with higher Optical Communications profit partially offset by temporarily higher costs to ramp solar capacity.",
"qa": [
{
"q": "How much revenue did Corning report in Q2 FY2026?",
"a": "Corning reported $4.50 billion in net sales for Q2 FY2026, the quarter ended June 30, 2026. That is up 16.6% from $3.86 billion in the same quarter a year earlier."
},
{
"q": "What was Corning's earnings per share in Q2 FY2026?",
"a": "Corning earned $0.64 per diluted share in Q2 FY2026, against $0.54 a year earlier. Net income attributable to Corning was $559 million, up 19.2%."
},
{
"q": "How fast is Corning's optical communications business growing?",
"a": "Corning's Optical Communications segment posted $2.07 billion in net sales in Q2 FY2026, up 32.3% from $1.57 billion a year earlier, on demand for data center and generative AI connectivity products. It is the largest of Corning's four reportable segments."
},
{
"q": "Is Corning profitable?",
"a": "Yes. Corning posted operating income of $698 million in Q2 FY2026, the quarter ended June 30, 2026, up 21.8% from a year earlier, and net income attributable to Corning of $559 million on net sales of $4.50 billion."
}
]
},
"company_details": {
"Name": "Corning Inc /Ny",
"Ticker": "GLW",
"CIK": "0000024741",
"Exchange": "NYSE",
"State": "New York",
"Incorporation": "New York",
"SIC": "3357",
"Office": "Manufacturing",
"Industry": "Drawing & Insulating of Nonferrous Wire"
},
"next_filing": {
"predicted_date": "2026-10-30",
"predicted_type": "10-Q"
},
"fiscal_period": {
"fiscal_year": 2026,
"fiscal_period": "Q2",
"tag": "FY26Q2",
"period_end": "2026-06-30",
"form": "10-Q",
"accession": "0000024741-26-000255",
"fiscal_year_end": "1231",
"source": "facts"
}
}