Corning Incorporated (GLW) income statement
NYSE · Technology · Hardware, Equipment & Parts · 67,200 employees · CEO Wendell Weeks
- Price
- $123.31 -4.32%
- Market cap
- $106B
- Enterprise value
- $112B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-01-27
Corning Incorporated (GLW) reported revenue of $4.86B for Q3 '26 (+18.4% year on year), operating income of $911M (18.8% of revenue) and net income of $680M. Over the last four quarters revenue was $17.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.99B | $2.98B | $3.25B | $3.39B | $3.5B | $3.45B | $3.86B | $4.1B | $4.22B | $4.14B | $4.51B | $4.86B | |
| Cost of revenue | $2.08B | $1.98B | $2.3B | $2.25B | $2.3B | $2.24B | $2.47B | $2.58B | $2.73B | $2.62B | $2.88B | $3.05B | |
| Gross profit | $911M | $993M | $949M | $1.14B | $1.2B | $1.21B | $1.39B | $1.52B | $1.49B | $1.53B | $1.63B | $1.81B | |
| Research & development | $289M | $258M | $262M | $294M | $275M | $270M | $276M | $280M | $284M | $278M | $299M | $314M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $608M | $0 | |
| Other operating expenses | $30M | $30M | $30M | $31M | $30M | $28M | $28M | $27M | $0 | $23M | $23M | $22M | |
| Operating expenses | $833M | $739M | $763M | $835M | $804M | $769M | $819M | $931M | $788M | $889M | $930M | $899M | |
| Operating income | $78M | $254M | $186M | $302M | $393M | $445M | $573M | $589M | $698M | $639M | $698M | $911M | |
| Interest income | $13M | $12M | $10M | $12M | $13M | $12M | $5M | $10M | $11M | $9M | $12M | $17M | |
| Interest expense | $90M | $83M | $84M | $83M | $79M | $82M | $83M | $78M | $93M | $92M | $94M | $87M | |
| Other non-operating income (gains on investments, FX ...) | $26M | -$125M | -$70M | $311M | -$123M | $123M | -$94M | -$39M | -$73M | -$27M | -$45M | -$144M | |
| Total non-operating income | -$116M | $42M | -$14M | -$394M | $44M | -$205M | $11M | -$39M | -$20M | -$110M | -$49M | $57M | |
| Income before tax | -$38M | $296M | $172M | -$92M | $437M | $240M | $584M | $550M | $678M | $529M | $649M | $968M | |
| Income tax | -$10M | $71M | $50M | $3M | $97M | $55M | $84M | $80M | $91M | $121M | $40M | $222M | |
| Net income | -$40M | $209M | $104M | -$117M | $310M | $157M | $469M | $430M | $540M | $371M | $559M | $680M | |
| EPS (basic) | -$0.05 | $0.25 | $0.12 | -$0.14 | $0.36 | $0.18 | $0.55 | $0.50 | $0.63 | $0.43 | $0.65 | $0.79 | |
| EPS (diluted) | -$0.05 | $0.24 | $0.12 | -$0.14 | $0.36 | $0.18 | $0.54 | $0.50 | $0.63 | $0.43 | $0.64 | $0.78 | |
| Shares (basic, weighted) | 851M | 852M | 853M | 854M | 854M | 854M | 854M | 860M | 860M | 863M | 860M | 863M | |
| Shares (diluted, weighted) | 851M | 862M | 864M | 854M | 854M | 866M | 866M | 860M | 860M | 863M | 873M | 871M | |
| Depreciation & amortization | $345M | $337M | $337M | $341M | $335M | $319M | $340M | $337M | $351M | $357M | $391M | $393M | |
| EBITDA | $397M | $716M | $593M | $332M | $851M | $641M | $1.01B | $965M | $1.12B | $1.02B | $1.13B | $1.45B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.39B | $10.1B | $11.3B | $11.5B | $11.3B | $14.1B | $14.2B | $12.6B | $13.1B | $15.6B | |
| Cost of revenue | $5.63B | $6.1B | $6.83B | $7.47B | $7.77B | $9.02B | $9.68B | $8.66B | $8.84B | $10.1B | |
| Gross profit | $3.76B | $4.02B | $4.46B | $4.04B | $3.53B | $5.06B | $4.51B | $3.93B | $4.28B | $5.51B | |
| Research & development | $742M | $860M | $993M | $1.03B | $1.15B | $995M | $1.05B | $1.08B | $1.09B | $1.11B | |
| Other operating expenses | $141M | $75M | $94M | $113M | $121M | $129M | $123M | $122M | $121M | $0 | |
| Operating expenses | $2.34B | $2.41B | $2.89B | $2.73B | $3.02B | $2.95B | $3.07B | $3.04B | $3.14B | $3.18B | |
| Operating income | $1.42B | $1.63B | $1.58B | $1.31B | $509M | $2.11B | $1.44B | $890M | $1.14B | $2.33B | |
| Interest income | $32M | $45M | $38M | $21M | $15M | $11M | $15M | $38M | $47M | $38M | |
| Interest expense | $159M | $155M | $191M | $221M | $276M | $300M | $292M | $329M | $329M | $336M | |
| Other non-operating income (gains on investments, FX ...) | -$2.43B | -$204M | -$119M | -$131M | -$390M | -$614M | -$651M | -$255M | -$7M | -$57M | |
| Total non-operating income | $2.27B | $49M | -$72M | -$90M | $114M | $314M | $359M | -$74M | -$322M | -$279M | |
| Income before tax | $3.69B | $1.66B | $1.5B | $1.22B | $623M | $2.43B | $1.8B | $816M | $813M | $2.05B | |
| Income tax | -$3M | $2.15B | $437M | $256M | $111M | $491M | $411M | $168M | $221M | $310M | |
| Net income | $3.7B | -$497M | $1.07B | $960M | $512M | $1.91B | $1.32B | $581M | $506M | $1.6B | |
| EPS (basic) | $3.53 | -$0.66 | $1.19 | $1.23 | $0.54 | $1.30 | $1.56 | $0.69 | $0.59 | $1.86 | |
| EPS (diluted) | $3.23 | -$0.66 | $1.13 | $1.07 | $0.54 | $1.28 | $1.54 | $0.68 | $0.58 | $1.85 | |
| Shares (basic, weighted) | 1.02B | 895M | 941M | 776M | 761M | 828M | 843M | 848M | 853M | 860M | |
| Shares (diluted, weighted) | 1.14B | 895M | 941M | 899M | 772M | 844M | 857M | 859M | 869M | 860M | |
| Depreciation & amortization | $1.2B | $1.16B | $1.29B | $1.5B | $1.52B | $1.48B | $1.45B | $1.37B | $1.35B | $1.35B | |
| EBITDA | $5.05B | $2.97B | $2.99B | $2.94B | $2.42B | $4.21B | $3.54B | $2.51B | $2.49B | $3.74B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01