CORNING INC /NY
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GLW Q2 2025 request
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Pick an endpoint and run the request.Income Statement
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Revenue | 3,862 | 3,251 | +18.8% |
Show Product Lines breakouts |
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| Automotive products | 457 | 452 | +1.1% |
| Display products | 725 | 704 | +3.0% |
| Life Science Products [Member] | 246 | 237 | +3.8% |
| Optical communications products | 1,566 | 1,113 | +40.7% |
| Polycrystalline silicon products | 223 | 199 | +12.1% |
| Product And Service Other | 103 | 49 | +110.2% |
| Specialty materials products | 542 | 497 | +9.1% |
| Cost of Revenue | 2,470 | 2,302 | +7.3% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | -3 | 15 | -120.0% |
| Gross Profit | 1,392 | 949 | +46.7% |
| Selling, General & Administrative | 515 | 471 | +9.3% |
| Research Development And Engineering Expenses | 276 | 262 | +5.3% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 35 | 41 | -14.6% |
| Display · Operating Segments | 24 | 28 | -14.3% |
| Hemlock and Emerging Growth Businesses · Operating Segments | 23 | 24 | -4.2% |
| Life Sciences · Operating Segments | 7 | 6 | +16.7% |
| Optical Communications · Operating Segments | 76 | 66 | +15.2% |
| Specialty Materials · Operating Segments | 68 | 57 | +19.3% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 43 | 40 | +7.5% |
| Operating Segments | 233 | 222 | +5.0% |
| Amortization Of Intangible Assets | 28 | 30 | -6.7% |
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| Material Reconciling Items | 28 | 30 | -6.7% |
| Operating Income | 573 | 186 | +208.1% |
| Interest Income | 5 | 10 | -50.0% |
| Interest Expense | -83 | -84 | +1.2% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | -72 | -65 | -10.8% |
| Translated Earnings Contract Gain Loss Net | 131 | 27 | +385.2% |
| Other Non-Operating Income (Expense) | -42 | 33 | -227.3% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 2 | -1 | +300.0% |
| Income Before Taxes | 584 | 172 | +239.5% |
| Income Tax Expense (Benefit) | -84 | -50 | -68.0% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | -21 | -19 | -10.5% |
| Display · Operating Segments | -63 | -68 | +7.4% |
| Life Sciences · Operating Segments | -4 | -4 | 0.0% |
| Optical Communications · Operating Segments | -72 | -41 | -75.6% |
| Specialty Materials · Operating Segments | -22 | -17 | -29.4% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 98 | 102 | -3.9% |
| Operating Segments | -182 | -152 | -19.7% |
| Net Income | 500 | 122 | +309.8% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 31 | 18 | +72.2% |
| Parent | 469 | 104 | +351.0% |
| Retained Earnings | 469 | 104 | +351.0% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 500 | 122 | +309.8% |
| Net Income Loss Attributable To Noncontrolling Interest | -31 | -18 | -72.2% |
| Net Income | 469 | 104 | +351.0% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 79 | 71 | +11.3% |
| Display · Operating Segments | 243 | 258 | -5.8% |
| Hemlock and Emerging Growth Businesses · Operating Segments | -10 | 3 | -433.3% |
| Life Sciences · Operating Segments | 18 | 17 | +5.9% |
| Optical Communications · Operating Segments | 247 | 143 | +72.7% |
| Reportable Segments · Operating Segments | 668 | 552 | +21.0% |
| Specialty Materials · Operating Segments | 81 | 63 | +28.6% |
Show Consolidation Items breakouts |
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| Operating Segments | 658 | 555 | +18.6% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | -1 | 14 | -107.1% |
| EPS (Basic) | 0.55 | 0.12 | +358.3% |
| EPS (Diluted) | 0.54 | 0.12 | +350.0% |
| Comprehensive Income | 895 | -113 | +892.0% |
| Other Comprehensive Income | 426 | -217 | +296.3% |
Show Equity Components breakouts |
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| Accumulated Translation Adjustment | 391 | -222 | +276.1% |
| Wtd Avg Shares (Basic) | 855 | 853 | +0.2% |
| Wtd Avg Shares (Diluted) | 865 | 864 | +0.1% |
Balance Sheet
| Metric | Q2 2025 | Q2 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,491 | 1,419 | +5.1% |
| Accounts Receivable | 2,298 | 1,721 | +33.5% |
| Inventory | 3,084 | 2,682 | +15.0% |
| Other Assets Current | 1,323 | 1,299 | +1.8% |
| Total Current Assets | 8,196 | 7,121 | +15.1% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 13,881 | 13,742 | +1.0% |
| Goodwill | 2,492 | 2,365 | +5.4% |
| Deferred Tax Assets | 1,187 | 1,134 | +4.7% |
| Other Non-Current Assets | 2,278 | 1,981 | +15.0% |
| Total Assets | 28,745 | 27,179 | +5.8% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 711 | 836 | -15.0% |
| Current Liabilities | |||
| Debt Current | 786 | 376 | +109.0% |
| Accounts Payable | 1,931 | 1,466 | +31.7% |
| Accrued Liabilities | 2,758 | 2,684 | +2.8% |
| Total Current Liabilities | 5,475 | 4,526 | +21.0% |
| Deferred Revenue (Current) | 169 | 178 | -5.1% |
| Non-Current Liabilities | |||
| Other Postretirement Defined Benefit Plan Liabilities Noncurrent | 302 | 360 | -16.1% |
| Other Non-Current Liabilities | 4,709 | 4,458 | +5.6% |
| Total Liabilities | 17,200 | 16,252 | +5.8% |
| Operating Lease Liabilities | 898 | 821 | +9.4% |
| Deferred Tax Liabilities | 176 | 167 | +5.4% |
| Contract With Customer Liability Noncurrent | 896 | 986 | -9.1% |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 6,714 | 6,908 | -2.8% |
| Stockholders' Equity | |||
| Common Stock | 923 | 919 | +0.4% |
| Additional Paid In Capital Common Stock | 17,389 | 17,081 | +1.8% |
| Retained Earnings | 15,823 | 15,976 | -1.0% |
| Treasury Stock Value | -21,085 | -20,799 | -1.4% |
| Accumulated Other Comprehensive Income | -1,934 | -2,592 | +25.4% |
| Total Stockholders' Equity | 11,116 | 10,585 | +5.0% |
| Minority Interest | 429 | 342 | +25.4% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 11,545 | 10,927 | +5.7% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -1,934 | -2,592 | +25.4% |
| Accumulated Translation Adjustment | -1,978 | -2,494 | +20.7% |
| Additional Paid In Capital | 17,389 | 17,081 | +1.8% |
| Common Stock | 923 | 919 | +0.4% |
| Noncontrolling Interest | 429 | 342 | +25.4% |
| Parent | 11,116 | 10,585 | +5.0% |
| Retained Earnings | 15,823 | 15,976 | -1.0% |
| Treasury Stock Common | -21,085 | -20,799 | -1.4% |
| Total Liabilities & Equity | 28,745 | 27,179 | +5.8% |
Cash Flow Statement
| Metric | YTD Q2 2025 | YTD Q2 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 603 | 614 | -1.8% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 82 | 87 | -5.7% |
| Display · Operating Segments | 210 | 226 | -7.1% |
| Hemlock and Emerging Growth Businesses · Operating Segments | 68 | 55 | +23.6% |
| Life Sciences · Operating Segments | 31 | 34 | -8.8% |
| Optical Communications · Operating Segments | 134 | 132 | +1.5% |
| Specialty Materials · Operating Segments | 74 | 76 | -2.6% |
Show Consolidation Items breakouts |
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| Operating Segments | 599 | 610 | -1.8% |
| Gain Loss On Disposition Of Assets1 | 5 | 126 | -96.0% |
| Stock-Based Compensation | 117 | 126 | -7.1% |
| Translation Gain Loss On Foreign Denominated Debt Net | 70 | -135 | +151.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 70 | -135 | +151.9% |
| Deferred Income Taxes | -39 | 1 | -4000.0% |
| Change in Accounts Receivable | -203 | -284 | +28.5% |
| Change in Inventory | -238 | -89 | -167.4% |
| Increase Decrease In Other Current Assets | -105 | -16 | -556.2% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -59 | -52 | -13.5% |
| Increase Decrease In Customer Deposits And Incentives | 43 | -18 | +338.9% |
| Increase Decrease In Deferred Income | -70 | -70 | 0.0% |
| Increase Decrease In Other Operating Capital Net | 24 | 73 | -67.1% |
| Net Cash from Operations | 859 | 617 | +39.2% |
| Change in Deferred Revenue | 81 | 91 | -11.0% |
| Investing Activities | |||
| Payments For Capital Improvements | -516 | -494 | -4.5% |
| Proceeds From Derivative Instrument Investing Activities | 107 | 168 | -36.3% |
| Other Investing Activities | -57 | -12 | -375.0% |
| Net Cash from Investing | -466 | -338 | -37.9% |
| Financing Activities | |||
| Debt Repayments | -279 | -42 | -564.3% |
| Proceeds From Issuance Of Debt | 285 | — | — |
| Proceeds From Derivative Instrument Financing Activities | 24 | 68 | -64.7% |
| Tax Withholding for Share Compensation | -70 | -58 | -20.7% |
| Proceeds From Stock Options Exercised | 12 | 34 | -64.7% |
| Share Repurchases | -133 | -105 | -26.7% |
Show Share Repurchase Program breakouts |
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| The 2019 Repurchase Program | -133 | -105.4 | -26.2% |
| Payments Of Ordinary Dividends | -503 | -495 | -1.6% |
| Proceeds From Payments For Other Financing Activities | -32 | -14 | -128.6% |
| Net Cash from Financing | -696 | -612 | -13.7% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 26 | -27 | +196.3% |
| Net Change in Cash | -277 | -360 | +23.1% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.