CORNING INC /NY

Listed Company

GLWCIK 0000024741NYSELarge AcceleratedDrawing & Insulating Of Nonferrous WireNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$15.63B

Net Income

$1.60B

Total Assets

$30.98B

Equity

$11.81B

Shares Out

860.64M

Op. Cash Flow

$2.69B

GLW$154.51+184.97% · past yearDBEQ Basic

Daily closing prices

Business

Corning Incorporated manufactures specialty glass, ceramics, and optical materials for optical communications, display, specialty materials, automotive, and life sciences markets. Core products include optical fiber and connectivity solutions, precision glass substrates for displays, damage-resistant cover glass for mobile devices, ceramic substrates for emissions control, and laboratory consumables and equipment. The company operates five reportable segments with manufacturing and sales across multiple countries globally.

Summary from 10-K filed 2026-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	15,629	13,118	12,588	14,189	14,082
Cost of sales	10,008	8,842	8,657	9,683	9,019
Gross margin	5,621	4,276	3,931	4,506	5,063
Selling, general and administrative expenses	2,122	1,931	1,843	1,898	1,827
Research, development and engineering expenses	1,110	1,089	1,076	1,047	995
Amortization of purchased intangibles	110	121	122	123	129
Operating income	2,279	1,135	890	1,438	2,112
Interest income	38	47	38	15	11
Interest expense	−336	−329	−329	−292	—
Translated earnings contract gain, net (Note 13)	150	83	161	351	—
Other (expense) income, net	−79	−123	56	285	249
Income before income taxes	2,052	813	816	1,797	2,426
Provision for income taxes (Note 15)	−310	−221	−168	−411	−491
Net income	1,742	592	648	1,386	1,935
Net income attributable to non-controlling interest	−146	−86	−67	−70	−29
Net income attributable to Corning Incorporated	1,596	506	581	1,316	1,906
Basic (Note 17) (in dollars per share)	1.87	0.59	0.69	1.56	1.3
Diluted (Note 17) (in dollars per share)	1.83	0.58	0.68	1.54	1.28

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,526	1,768	1,779	—	—
Trade accounts receivable, net of doubtful accounts - $27 and $33	2,779	2,053	1,572	1,721	2,004
Inventories (Note 5)	3,077	2,724	2,666	2,904	2,481
Other current assets (Note 9)	1,554	1,447	1,195	1,157	1,026
Total current assets	8,936	7,992	7,212	7,453	7,659
Property, plant and equipment, net of accumulated depreciation - $15,229 and $14,492 (Note 6)	14,825	13,359	14,630	15,371	15,804
Goodwill (Note 7)	2,489	2,363	2,380	2,394	2,421
Other intangible assets, net (Note 7)	657	752	905	1,029	1,148
Deferred income taxes (Note 15)	1,515	1,130	1,153	1,073	1,066
Other assets (Note 9)	2,554	2,139	2,220	2,179	2,056
Total Assets	30,976	27,735	28,500	29,499	30,154
Current portion of long-term debt and short-term borrowings (Note 10)	804	326	320	224	55
Accounts payable	1,979	1,472	1,466	1,804	1,612
Other accrued liabilities (Notes 9 and 12)	2,845	3,121	2,533	3,147	3,139
Total current liabilities	5,628	4,919	4,319	5,175	4,806
Long-term debt (Note 10)	7,600	6,900	7,200	6,700	7,000
Postretirement benefits other than pensions (Note 11)	314	336	398	407	622
Other liabilities (Notes 9 and 12)	5,097	4,525	4,709	4,955	5,192
Total liabilities	18,669	16,665	16,632	17,224	17,609
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion	924	921	916	910	907
Additional paid-in capital common stock	17,580	17,264	16,929	16,682	16,475
Retained earnings	16,551	15,926	16,391	16,778	16,389
Treasury stock, at cost; Shares held: 992 million and 987 million	−21,143	−20,882	—	—	—
Accumulated other comprehensive loss	−2,105	−2,543	−2,048	−1,830	−1,175
Total Corning Incorporated shareholders equity	11,807	10,686	11,551	12,008	12,333
Non-controlling interest	500	384	317	267	212
Total equity	12,307	11,070	11,868	12,275	12,545
Total Liabilities and Equity	30,976	27,735	28,500	29,499	30,154

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	1,237	1,229	1,247	1,329	1,352
Loss on disposal of assets, net	27	143	155	189	57
Share-based compensation expense	286	273	218	175	190
Translation loss (gain) on foreign denominated debt, net	52	−104	−100	−191	−180
Deferred tax benefit	−355	−33	−75	−46	16
Translated earnings contract gain, net	−150	−83	−161	−351	—
Pension contributions	−68	−9	−25	—	−24
Release of cumulative translation losses	—	145	—	—	—
Tax deposit refund	—	—	99	—	—
Trade accounts receivable	−749	−717	50	113	−54
Inventories	−243	−171	157	−522	−103
Other current assets	−262	−107	−80	−139	−224
Accounts payable and other current liabilities	584	470	−173	408	772
Customer deposits and government incentives	268	−6	−42	110	28
Deferred income	−58	−27	−5	—	—
Other, net	274	223	−30	80	−74
Net cash provided by operating activities	2,695	1,939	2,005	2,615	3,412
Capital expenditures	−1,282	−965	−1,390	−1,604	−1,637
Investments in unconsolidated entities	−134	−7	−17	—	—
Realized gains on translated earnings contracts and other	304	279	326	300	67
Premiums paid on hedging contracts	−122	−98	−9	−75	−48
Other, net	−20	−33	1	−52	12
Net cash used in investing activities	−1,243	−744	−1,000	−1,355	−1,419
Repayments of debt	−298	−267	−284	−87	−860
Proceeds from issuance of debt	294	153	82	127	22
Proceeds from issuance of euro bonds	—	—	918	—	—
Repayment of acquisition related debt	−75	—	—	—	—
Proceeds from cross currency swap	24	134	—	—	—
Principal payments on finance leases	−346	−30	−36	—	—
Payment for redemption of preferred stock	—	—	−507	−507	−507
Payments of employee withholding tax on stock awards	−98	−81	−106	−47	−61
Proceeds from exercise of stock options	41	76	42	40	97
Purchases of common stock for treasury	−163	−165	—	−221	−274
Dividends paid	−999	−986	−989	−932	−871
Other, net	−52	2	−3	−22	2
Net cash used in financing activities	−1,672	−1,164	−883	−1,649	−2,452
Effect of exchange rates on cash	18	−42	−14	−88	−65
Net (decrease) increase in cash and cash equivalents and restricted cash	−202	−11	108	−477	−524

Filings

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Frequently asked questions

What is CORNING INC /NY's CIK number?

CORNING INC /NY's SEC CIK number is 0000024741 (24741). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CORNING INC /NY's SEC filings?

All of CORNING INC /NY's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CORNING INC /NY last report earnings?

CORNING INC /NY (GLW) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000024741-26-000198). This is CORNING INC /NY's most recent earnings filing of record — not a forecast of its next earnings date.

What is CORNING INC /NY's most recent earnings 8-K?

CORNING INC /NY's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0000024741-26-000198. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CORNING INC /NY's latest earnings 8-K →
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