Corning (GLW)
Maker of optical connectivity, display glass, automotive ceramics, and solar silicon products.
$159.86
After hours+0.20 (+0.13%)
At close$159.66(+0.43%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,173 | 2,994 | 2,975 | 3,251 | 3,391 | 3,501 | 3,452 | 3,862 | 4,100 | 4,215 | 4,144 | 4,505 |
| Cost of revenue | 2,169 | 2,083 | 1,982 | 2,302 | 2,254 | 2,304 | 2,238 | 2,470 | 2,580 | 2,729 | 2,616 | 2,877 |
| Gross profit | 1,004 | 911 | 993 | 949 | 1,137 | 1,197 | 1,214 | 1,392 | 1,520 | 1,486 | 1,528 | 1,628 |
| 768 | 833 | 739 | 763 | 835 | 804 | 769 | 819 | 931 | 788 | 889 | 930 | |
| Research & development | 270 | 289 | 258 | 262 | 294 | 275 | 270 | 276 | 280 | 284 | 278 | 299 |
| 468 | 514 | 451 | 471 | 510 | 499 | 471 | 515 | 624 | 504 | 588 | 608 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 608 |
| Other expenses | 30 | 30 | 30 | 30 | 31 | 30 | 28 | 28 | 27 | 0 | 23 | 23 |
| Operating income | 236 | 78 | 254 | 186 | 302 | 393 | 445 | 573 | 589 | 698 | 639 | 698 |
| −19 | −116 | 42 | −14 | −394 | 44 | −205 | 11 | −39 | −20 | −110 | −49 | |
| Interest income | 10 | 13 | 12 | 10 | 12 | 13 | 12 | 5 | 10 | 11 | 9 | 12 |
| Interest expense | 82 | 90 | 83 | 84 | 83 | 79 | 82 | 83 | 78 | 93 | 92 | 94 |
| Other non-operating income | −63 | 26 | −125 | −70 | 311 | −123 | 123 | −94 | −39 | −73 | −27 | −45 |
| Income before tax | 217 | −38 | 296 | 172 | −92 | 437 | 240 | 584 | 550 | 678 | 529 | 649 |
| Income tax expense | 35 | −10 | 71 | 50 | 3 | 97 | 55 | 84 | 80 | 91 | 121 | 40 |
| Net income from continuing operations | 182 | −28 | 225 | 122 | −95 | 340 | 185 | 500 | 470 | 587 | 408 | 609 |
| Net income | 164 | −40 | 209 | 104 | −117 | 310 | 157 | 469 | 430 | 540 | 371 | 559 |
| EPS, basic | $0.19 | −$0.05 | $0.25 | $0.12 | −$0.14 | $0.36 | $0.18 | $0.55 | $0.50 | $0.63 | $0.43 | $0.65 |
| EPS, diluted | $0.19 | −$0.05 | $0.24 | $0.12 | −$0.14 | $0.36 | $0.18 | $0.54 | $0.50 | $0.63 | $0.43 | $0.64 |
| Weighted average shares, basic | 850 | 851 | 852 | 853 | 854 | 854 | 854 | 854 | 860 | 860 | 863 | 860 |
| Weighted average shares, diluted | 859 | 851 | 862 | 864 | 854 | 854 | 866 | 866 | 860 | 860 | 863 | 873 |
| EBITDA | 639 | 397 | 716 | 593 | 332 | 851 | 641 | 1,007 | 955 | 1,122 | 689 | 1,134 |
| Depreciation & amortization | 340 | 345 | 337 | 337 | 341 | 335 | 319 | 340 | 327 | 351 | 23 | 391 |
| EBIT | 299 | 52 | 379 | 256 | −9 | 516 | 322 | 667 | 628 | 771 | 666 | 743 |