CORNING INC /NY
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GLW Q3 2025 request
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Pick an endpoint and run the request.Income Statement
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Revenue | 4,100 | 3,391 | +20.9% |
Show Product Lines breakouts |
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| Automotive products | 453 | 410 | +10.5% |
| Display products | 773 | 707 | +9.3% |
| Life Science Products [Member] | 241 | 235 | +2.6% |
| Optical communications products | 1,652 | 1,246 | +32.6% |
| Polycrystalline silicon products | 285 | 194 | +46.9% |
| Product And Service Other | 79 | 56 | +41.1% |
| Specialty materials products | 617 | 543 | +13.6% |
| Cost of Revenue | 2,580 | 2,254 | +14.5% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 1 | 15 | -93.3% |
| Gross Profit | 1,520 | 1,137 | +33.7% |
| Selling, General & Administrative | 624 | 510 | +22.4% |
| Research Development And Engineering Expenses | 280 | 294 | -4.8% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 38 | 43 | -11.6% |
| Display · Operating Segments | 23 | 29 | -20.7% |
| Hemlock and Emerging Growth Businesses · Operating Segments | 20 | 31 | -35.5% |
| Life Sciences · Operating Segments | 6 | 5 | +20.0% |
| Optical Communications · Operating Segments | 75 | 71 | +5.6% |
| Specialty Materials · Operating Segments | 71 | 69 | +2.9% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 47 | 39 | +20.5% |
| Operating Segments | 233 | 248 | -6.0% |
| Amortization Of Intangible Assets | 27 | 31 | -12.9% |
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| Material Reconciling Items | 27 | 31 | -12.9% |
| Operating Income | 589 | 302 | +95.0% |
| Interest Income | 10 | 12 | -16.7% |
| Interest Expense | -78 | -83 | +6.0% |
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| Material Reconciling Items | -62 | -63 | +1.6% |
| Translated Earnings Contract Gain Loss Net | 33 | -157 | +121.0% |
| Other Non-Operating Income (Expense) | -4 | -166 | +97.6% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 6 | — | — |
| Income Before Taxes | 550 | -92 | +697.8% |
| Income Tax Expense (Benefit) | -80 | -3 | -2566.7% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | -18 | -14 | -28.6% |
| Display · Operating Segments | -66 | -75 | +12.0% |
| Hemlock and Emerging Growth Businesses · Operating Segments | -4 | -5 | +20.0% |
| Life Sciences · Operating Segments | -5 | -4 | -25.0% |
| Optical Communications · Operating Segments | -85 | -49 | -73.5% |
| Specialty Materials · Operating Segments | -29 | -20 | -45.0% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 127 | 164 | -22.6% |
| Operating Segments | -207 | -167 | -24.0% |
| Net Income | 470 | -95 | +594.7% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 40 | 22 | +81.8% |
| Parent | 430 | -117 | +467.5% |
| Retained Earnings | 430 | -117 | +467.5% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 470 | -95 | +594.7% |
| Net Income Loss Attributable To Noncontrolling Interest | -40 | -22 | -81.8% |
| Net Income | 430 | -117 | +467.5% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 68 | 51 | +33.3% |
| Display · Operating Segments | 250 | 285 | -12.3% |
| Hemlock and Emerging Growth Businesses · Operating Segments | -1 | 12 | -108.3% |
| Life Sciences · Operating Segments | 16 | 15 | +6.7% |
| Optical Communications · Operating Segments | 295 | 175 | +68.6% |
| Reportable Segments · Operating Segments | 742 | 598 | +24.1% |
| Specialty Materials · Operating Segments | 113 | 72 | +56.9% |
Show Consolidation Items breakouts |
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| Operating Segments | 741 | 610 | +21.5% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 7 | 15 | -53.3% |
| EPS (Basic) | 0.5 | -0.14 | +457.1% |
| EPS (Diluted) | 0.5 | -0.14 | +457.1% |
| Comprehensive Income | 347 | 467 | -25.7% |
| Other Comprehensive Income | -83 | 584 | -114.2% |
Show Equity Components breakouts |
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| Accumulated Translation Adjustment | -92 | 625 | -114.7% |
| Wtd Avg Shares (Basic) | 856 | 854 | +0.2% |
| Wtd Avg Shares (Diluted) | 868 | 854 | +1.6% |
| Foreign Currency Transaction Gain Loss Before Tax (Q) | — | — | — |
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts |
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| Net Investment Hedging | 1 | 39 | -97.4% |
Balance Sheet
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,648 | 1,613 | +2.2% |
| Accounts Receivable | 2,509 | 1,986 | +26.3% |
| Inventory | 3,104 | 2,793 | +11.1% |
| Other Assets Current | 1,416 | 1,284 | +10.3% |
| Total Current Assets | 8,677 | 7,676 | +13.0% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 14,397 | 14,059 | +2.4% |
| Goodwill | 2,489 | 2,390 | +4.1% |
| Deferred Tax Assets | 1,296 | 1,211 | +7.0% |
| Other Non-Current Assets | 2,373 | 2,172 | +9.3% |
| Total Assets | 29,916 | 28,322 | +5.6% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 684 | 814 | -16.0% |
| Current Liabilities | |||
| Debt Current | 812 | 335 | +142.4% |
| Accounts Payable | 2,029 | 1,565 | +29.6% |
| Accrued Liabilities | 2,736 | 2,737 | -0.0% |
| Total Current Liabilities | 5,577 | 4,637 | +20.3% |
| Deferred Revenue (Current) | 177 | 179 | -1.1% |
| Non-Current Liabilities | |||
| Other Postretirement Defined Benefit Plan Liabilities Noncurrent | 301 | 357 | -15.7% |
| Other Non-Current Liabilities | 4,626 | 4,788 | -3.4% |
| Total Liabilities | 17,911 | 16,855 | +6.3% |
| Operating Lease Liabilities | 874 | 840 | +4.0% |
| Deferred Tax Liabilities | 164 | 204 | -19.6% |
| Contract With Customer Liability Noncurrent | 887 | 1,009 | -12.1% |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 7,407 | 7,073 | +4.7% |
Show Lease Contractual Term breakouts |
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| Facility Lease | 713 | 7.1 | +9942.3% |
| Stockholders' Equity | |||
| Common Stock | 924 | 920 | +0.4% |
| Additional Paid In Capital Common Stock | 17,503 | 17,177 | +1.9% |
| Retained Earnings | 16,253 | 15,859 | +2.5% |
| Treasury Stock Value | -21,127 | -20,845 | -1.4% |
| Accumulated Other Comprehensive Income | -2,017 | -2,008 | -0.4% |
| Total Stockholders' Equity | 11,536 | 11,103 | +3.9% |
| Minority Interest | 469 | 364 | +28.8% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 12,005 | 11,467 | +4.7% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -2,017 | -2,008 | -0.4% |
| Accumulated Translation Adjustment | -2,070 | -1,869 | -10.8% |
| Additional Paid In Capital | 17,503 | 17,177 | +1.9% |
| Common Stock | 924 | 920 | +0.4% |
| Noncontrolling Interest | 469 | 364 | +28.8% |
| Parent | 11,536 | 11,103 | +3.9% |
| Retained Earnings | 16,253 | 15,859 | +2.5% |
| Treasury Stock Common | -21,127 | -20,845 | -1.4% |
| Total Liabilities & Equity | 29,916 | 28,322 | +5.6% |
Cash Flow Statement
| Metric | YTD Q3 2025 | YTD Q3 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 913 | 924 | -1.2% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 122 | 131 | -6.9% |
| Display · Operating Segments | 315 | 336 | -6.2% |
| Hemlock and Emerging Growth Businesses · Operating Segments | 109 | 84 | +29.8% |
| Life Sciences · Operating Segments | 46 | 51 | -9.8% |
| Optical Communications · Operating Segments | 200 | 201 | -0.5% |
| Specialty Materials · Operating Segments | 111 | 115 | -3.5% |
Show Consolidation Items breakouts |
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| Operating Segments | 903 | 918 | -1.6% |
| Gain Loss On Disposition Of Assets1 | 20 | 135 | -85.2% |
| Stock-Based Compensation | 216 | 202 | +6.9% |
| Translation Gain Loss On Foreign Denominated Debt Net | 66 | -28 | +335.7% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 66 | -28 | +335.7% |
| Deferred Income Taxes | -149 | -51 | -192.2% |
| Change in Accounts Receivable | -429 | -493 | +13.0% |
| Change in Inventory | -266 | -134 | -98.5% |
| Increase Decrease In Other Current Assets | -256 | -138 | -85.5% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 391 | 266 | +47.0% |
| Increase Decrease In Customer Deposits And Incentives | -49 | 48 | -202.1% |
| Increase Decrease In Deferred Revenue | -108 | 23 | -569.6% |
| Increase Decrease In Other Operating Capital Net | 119 | 66 | +80.3% |
| Net Cash from Operations | 1,643 | 1,316 | +24.8% |
| Change in Deferred Revenue | 94 | 127 | -26.0% |
| Investing Activities | |||
| Payments For Capital Improvements | -850 | -711 | -19.5% |
| Proceeds From Derivative Instrument Investing Activities | 192 | 239 | -19.7% |
| Other Investing Activities | -107 | -65 | -64.6% |
| Net Cash from Investing | -765 | -537 | -42.5% |
| Financing Activities | |||
| Debt Repayments | -282 | -254 | -11.0% |
| Proceeds From Issuance Of Debt | 285 | 153 | +86.3% |
| Repayments Of Other Short Term Debt | -33 | — | — |
| Repayments Of Other Short Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| 2025 Notes · U.S. Solar Module Manufacturing Facility | -33 | — | — |
| Proceeds From Derivative Instrument Financing Activities | 24 | 68 | -64.7% |
| Tax Withholding for Share Compensation | -87 | -76 | -14.5% |
| Proceeds From Stock Options Exercised | 31 | 57 | -45.6% |
| Share Repurchases | -158 | -135 | -17.0% |
Show Share Repurchase Program breakouts |
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| The 2019 Repurchase Program | -158 | -135.4 | -16.7% |
| Payments Of Ordinary Dividends | -744 | -737 | -0.9% |
| Proceeds From Payments For Other Financing Activities | -56 | -20 | -180.0% |
| Net Cash from Financing | -1,020 | -944 | -8.1% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 22 | -1 | +2300.0% |
| Net Change in Cash | -120 | -166 | +27.7% |
Values in millions USD. Source: SEC EDGAR 10-Q filing.