CORNING INC /NY
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GLW Q1 2026 request
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Pick an endpoint and run the request.Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 4,144 | 3,452 | +20.0% |
Show Product Lines breakouts |
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| Automotive products | 441 | 426 | +3.5% |
| Electronics glass and advanced optics products | 1,215 | 1,199 | +1.3% |
| Life Science Products [Member] | 228 | 228 | 0.0% |
| Optical communications products | 1,846 | 1,355 | +36.2% |
| Polycrystalline silicon and solar products | 370 | 206 | +79.6% |
| Product And Service Other | 44 | 38 | +15.8% |
| Cost of Revenue | 2,616 | 2,238 | +16.9% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 13 | -7 | +285.7% |
| Gross Profit | 1,528 | 1,214 | +25.9% |
| Selling, General & Administrative | 588 | 471 | +24.8% |
| Research Development And Engineering Expenses | 278 | 270 | +3.0% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 36 | 35 | +2.9% |
| Glass Innovations · Operating Segments | 84 | 92 | -8.7% |
| Life Sciences and Emerging Growth Businesses · Operating Segments | 28 | 30 | -6.7% |
| Optical Communications · Operating Segments | 85 | 77 | +10.4% |
| Solar · Operating Segments | 2 | 2 | 0.0% |
| Total Reportable Segments · Operating Segments | 207 | 206 | +0.5% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 43 | 34 | +26.5% |
| Operating Segments | 235 | 236 | -0.4% |
| Amortization Of Intangible Assets | 23 | 28 | -17.9% |
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| Material Reconciling Items | 23 | 28 | -17.9% |
| Operating Income | 639 | 445 | +43.6% |
| Interest Income | 9 | 12 | -25.0% |
| Interest Expense | -92 | -82 | -12.2% |
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| Material Reconciling Items | -61 | -63 | +3.2% |
| Translated Earnings Contract Loss Gain Net | -16 | -101 | +84.2% |
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| Material Reconciling Items | -16 | -101 | +84.2% |
| Other Non-Operating Income (Expense) | -11 | -34 | +67.6% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 2 | 1 | +100.0% |
| Income Before Taxes | 529 | 240 | +120.4% |
| Income Tax Expense (Benefit) | -121 | -55 | -120.0% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | -18 | -18 | 0.0% |
| Glass Innovations · Operating Segments | -85 | -84 | -1.2% |
| Life Sciences and Emerging Growth Businesses · Operating Segments | 7 | 9 | -22.2% |
| Optical Communications · Operating Segments | -110 | -58 | -89.7% |
| Solar · Operating Segments | -6 | -11 | +45.5% |
| Total Reportable Segments · Operating Segments | -219 | -171 | -28.1% |
Show Consolidation Items breakouts |
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| Material Reconciling Items | 91 | 107 | -15.0% |
| Operating Segments | -212 | -162 | -30.9% |
| Net Income | 408 | 185 | +120.5% |
Show Equity Components breakouts |
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| Noncontrolling Interest | 37 | 28 | +32.1% |
| Parent | 371 | 157 | +136.3% |
| Retained Earnings | 371 | 157 | +136.3% |
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| Material Reconciling Items | 408 | 185 | +120.5% |
| Net Income Loss Attributable To Noncontrolling Interest | -37 | -28 | -32.1% |
| Net Income | 371 | 157 | +136.3% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 70 | 68 | +2.9% |
| Glass Innovations · Operating Segments | 324 | 317 | +2.2% |
| Life Sciences and Emerging Growth Businesses · Operating Segments | -24 | -30 | +20.0% |
| Optical Communications · Operating Segments | 387 | 201 | +92.5% |
| Solar · Operating Segments | 7 | 27 | -74.1% |
| Total Reportable Segments · Operating Segments | 788 | 613 | +28.5% |
Show Consolidation Items breakouts |
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| Operating Segments | 764 | 583 | +31.0% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | 15 | -6 | +350.0% |
| EPS (Basic) | 0.43 | 0.18 | +138.9% |
| EPS (Diluted) | 0.43 | 0.18 | +138.9% |
| Comprehensive Income | 185 | 340 | -45.6% |
| Other Comprehensive Income | -186 | 183 | -201.6% |
Show Equity Components breakouts |
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| Accumulated Translation Adjustment | -171 | 161 | -206.2% |
| Wtd Avg Shares (Basic) | 857 | 855 | +0.2% |
| Wtd Avg Shares (Diluted) | 871 | 866 | +0.6% |
| Foreign Currency Transaction Gain Loss Before Tax (Q) | — | — | — |
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts |
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| Net Investment Hedging | 22 | -33 | +166.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,755 | 1,359 | +29.1% |
| Accounts Receivable | 2,676 | 2,045 | +30.9% |
| Inventory | 3,279 | 2,896 | +13.2% |
| Other Assets Current | 1,816 | — | — |
| Total Current Assets | 9,526 | 7,644 | +24.6% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 14,785 | 13,360 | +10.7% |
| Goodwill | 2,479 | 2,371 | +4.6% |
| Deferred Tax Assets | 1,569 | 1,183 | +32.6% |
| Other Non-Current Assets | 2,262 | — | — |
| Total Assets | 31,253 | 27,394 | +14.1% |
| Operating Lease Right-of-Use Assets | 856 | — | — |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 632 | 732 | -13.7% |
| Current Liabilities | |||
| Debt Current | 1,255 | 283 | +343.5% |
| Accounts Payable | 2,251 | 1,737 | +29.6% |
| Accrued Liabilities | 2,410 | — | — |
| Total Current Liabilities | 5,916 | 4,523 | +30.8% |
| Deferred Revenue (Current) | 183 | — | — |
| Non-Current Liabilities | |||
| Other Postretirement Defined Benefit Plan Liabilities Noncurrent | 311 | 333 | -6.6% |
| Other Non-Current Liabilities | 4,959 | — | — |
| Total Liabilities | 18,904 | 16,266 | +16.2% |
| Operating Lease Liabilities | 852 | — | — |
| Deferred Tax Liabilities | 121 | — | — |
| Contract With Customer Liability Noncurrent | 1,136 | — | — |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 7,718 | 6,954 | +11.0% |
| Stockholders' Equity | |||
| Common Stock | 925 | 922 | +0.3% |
| Additional Paid In Capital Common Stock | 17,704 | 17,327 | +2.2% |
| Retained Earnings | 16,680 | 15,839 | +5.3% |
| Treasury Stock Common Value | -21,206 | — | — |
| Accumulated Other Comprehensive Income | -2,291 | -2,360 | +2.9% |
| Total Stockholders' Equity | 11,812 | 10,716 | +10.2% |
| Minority Interest | 537 | 412 | +30.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 12,349 | 11,128 | +11.0% |
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| Accumulated Other Comprehensive Income | -2,291 | -2,360 | +2.9% |
| Accumulated Translation Adjustment | -2,318 | -2,369 | +2.2% |
| Additional Paid In Capital | 17,704 | 17,327 | +2.2% |
| Common Stock | 925 | 922 | +0.3% |
| Noncontrolling Interest | 537 | 412 | +30.3% |
| Parent | 11,812 | 10,716 | +10.2% |
| Retained Earnings | 16,680 | 15,839 | +5.3% |
| Treasury Stock Common | -21,206 | -21,012 | -0.9% |
| Total Liabilities & Equity | 31,253 | 27,394 | +14.1% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 334 | 291 | +14.8% |
Show Business Segments breakouts |
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| Automotive · Operating Segments | 40 | 41 | -2.4% |
| Glass Innovations · Operating Segments | 150 | 137 | +9.5% |
| Life Sciences and Emerging Growth Businesses · Operating Segments | 26 | 29 | -10.3% |
| Optical Communications · Operating Segments | 72 | 65 | +10.8% |
| Solar · Operating Segments | 44 | 17 | +158.8% |
| Total Reportable Segments · Operating Segments | 306 | 260 | +17.7% |
Show Consolidation Items breakouts |
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| Operating Segments | 332 | 289 | +14.9% |
| Stock-Based Compensation | 115 | 54 | +113.0% |
| Translation Gain Loss On Foreign Denominated Debt | -6 | 43 | -114.0% |
| Deferred Income Taxes | -62 | -50 | -24.0% |
| Change in Accounts Receivable | 12 | 10 | +20.0% |
| Change in Inventory | -232 | -146 | -58.9% |
| Increase Decrease In Other Current Assets | -56 | -30 | -86.7% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | -80 | -253 | +68.4% |
| Increase Decrease In Customer Deposits And Incentives | -171 | -16 | -968.8% |
| Increase Decrease In Deferred Revenue | -38 | -29 | -31.0% |
| Increase Decrease In Other Operating Capital Net | 99 | -37 | +367.6% |
| Net Cash from Operations | 362 | 151 | +139.7% |
| Change in Deferred Revenue | 186 | 62 | +200.0% |
| Investing Activities | |||
| Payments For Capital Improvements | -332 | -208 | -59.6% |
| Proceeds From U. S. C H I P S And Science Act C H I P S Act Incentives | 8 | — | — |
| Proceeds From Derivative Instrument Investing Activities | 150 | 56 | +167.9% |
| Other Investing Activities | -29 | -13 | -123.1% |
| Net Cash from Investing | -203 | -165 | -23.0% |
| Financing Activities | |||
| Debt Repayments | -13 | -47 | +72.3% |
| Proceeds From Issuance Of Debt | 427 | — | — |
| Tax Withholding for Share Compensation | -63 | -29 | -117.2% |
| Proceeds From Stock Options Exercised | 14 | 11 | +27.3% |
| Payments Of Ordinary Dividends | -244 | -242 | -0.8% |
| Proceeds From Payments For Other Financing Activities | -62 | -20 | -210.0% |
| Net Cash from Financing | 59 | -403 | +114.6% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -5 | 8 | -162.5% |
| Net Change in Cash | 213 | -409 | +152.1% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,779 | 1,359 | +30.9% |
| Restricted Cash Current | 24 | — | — |
Values in millions USD. Source: SEC EDGAR 10-Q filing.