Corning Incorporated (GLW) Financial Statements

Corning Incorporated

GLW · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$15.63B	$13.12B	$12.59B	$14.19B	$14.08B	$11.30B	$11.50B	$11.29B
Cost of Revenue	$10.01B	$8.84B	$8.66B	$9.68B	$9.02B	$7.77B	$7.47B	$6.83B
Gross Profit	$5.62B	$4.28B	$3.93B	$4.51B	$5.06B	$3.53B	$4.04B	$4.46B
Research & Development	$800.00M	$800.00M	$900.00M	$900.00M	$800.00M	$1.00B	$800.00M	$807.00M
Selling, General & Administrative	$2.12B	$1.93B	$1.84B	$1.90B	$1.83B	$1.75B	$1.58B	$1.80B
Operating Income	$2.28B	$1.14B	$890.00M	$1.44B	$2.11B	$509.00M	$1.31B	$1.57B
Other Income / (Expense)	-$79.00M	-$123.00M	$56.00M	$285.00M	$249.00M	-$74.00M	-$155.00M	-$216.00M
Income Before Taxes	$2.05B	$813.00M	$816.00M	$1.80B	$2.43B	$634.00M	$1.22B	$1.50B
Provision for Income Taxes	$310.00M	$221.00M	$168.00M	$411.00M	$491.00M	$111.00M	$256.00M	$437.00M
Net Income	$1.60B	$506.00M	$581.00M	$1.32B	$1.91B	$512.00M	$960.00M	$1.07B
Basic EPS	$1.87	$0.59	$0.69	$1.56	$1.30	$0.54	$1.11	$1.19
Diluted EPS	$1.83	$0.58	$0.68	$1.54	$1.28	$0.54	$1.07	$1.13
Basic Shares Outstanding	855.00M	853.00M	848.00M	843.00M	828.00M	761.00M	776.00M	816.00M
Diluted Shares Outstanding	871.00M	869.00M	859.00M	857.00M	844.00M	772.00M	899.00M	941.00M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$3.27	$3.22	$3.34	8	↑7 ↓0
Dec 2027	$4.28	$3.85	$4.99	8	↑5 ↓1
Dec 2028	$5.62	$5.30	$5.86	4	↑3 ↓1
Dec 2029	$7.93	$7.93	$7.93	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: GLW
Type: Stock
Sector: Industrials
Industry: Telecommunications Equipment
Country: North America
Exchange: NYSE

Corning ( www.corning.com ) is one of the world's leading innovators in materials science, with a 175-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping its customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

Key Issues

Bullish view

AI data-center deals are accelerating optical demand, and Corning is pursuing a $10 billion photonics goal with U.S. expansion.

Bearish view

The growth case depends on executing that expansion and converting customer demand into durable revenue without operational setbacks.

Analyst Consensus

See all

Buy

12 analysts

$159

Current

—

Low

$188

Average

—

High

Average target implies +18.14% versus the current price.

Earnings History

BeatMissNo estimate

Peers

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