Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expenses

Research, development and engineering expenses

Amortization of purchased intangibles

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Corning

Gorilla Glass is a brand of specialized toughened glass developed and manufactured by Corning, now in its fifth generation, designed to be thin, light and damage-resistant. Gorilla Glass is unique to Corning, but close equivalents exist, including Asahi Glass Co. Dragontrail and Schott AG Xensation.

Gorilla Glass

Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. It operates through the following segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists of products and solutions for optical-based communications infrastructure for services such as video, data, and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments, and individuals for their own use. The Display Technologies segment manufactures glass substrates for flat panel displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computer, desktop monitors, tablets, and handheld devices. The Specialty Materials segment is involved in the manufacture of products that provide material formulations for glass, glass ceramics and crystals, and precision metrology instruments and software. The Environmental Technologies segment focuses on manufacturing ceramic substrates and filter products for emissions control in mobile applications. The Life Sciences segment develops, manufactures, and supplies laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q1 2024

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Corning reports strong Q4 performance, focuses on long-term growth

Corning's Q4 performance was strong, meeting guidance with sales of $3.6 billion and EPS of $0.47. The company faced challenges from inflation and lower volumes but took actions to improve margins and cash flow in 2023.
Despite uncertainties in Q1 sales and profitability, Corning remains focused on long-term growth prospects and operational efficiency. The company's strategic initiatives, strong balance sheet, and focus on returning cash to shareholders position it for future success.
Opportunities in key markets like Optical Communications, solar, and automotive, along with cost improvements and new product wins, offer avenues for Corning to drive growth and enhance profitability. Addressing challenges from inflation and supply chain disruptions remains a priority.

Corning reports Q1 earnings growth, eyes electric vehicles market

Corning's Q1 performance reflected solid sales, margin expansion, and strategic focus on profitability and growth opportunities.
While facing challenges in certain segments like Optical and Fiber connectivity, the company is well-positioned to capitalize on opportunities in electric vehicles and display business.
Overall, Corning's innovative product development, operational efficiency, and market strategies position it for continued growth and profitability in key markets.

Corning reports strong Q2 earnings, focuses on profitability enhancements

Corning's Q2 performance showed improved sales, margins, and cash flow despite challenges from the pandemic and market conditions.
The company's focus on profitability enhancements and innovations in key segments positions it for future growth.
Opportunities in data centers, AI, and stable pricing in optics offer avenues for revenue growth and financial efficiency.
Corning remains cautious but committed to improving financial health and returning to pre-pandemic levels of profitability.

Corning reports solid Q3 results, eyes market recovery in 2024

Corning's Q3 performance showed resilience despite challenges in Optical Communications.
The company's strengths lie in collaborations, new product introductions, and market leadership.
While facing challenges in demand and pricing, Corning is optimistic about future opportunities and profitability.

Corning reports improved Q4 performance, eyes sales growth opportunities

Corning's Q4 2023 performance showed improved profitability and cash flow, with plans to increase sales and return cash to shareholders. Challenges include supply chain issues affecting sales and underperforming display demand in China. Opportunities lie in rebounding Optical Communications sales and revenue growth in key segments.

Corning surpasses Q1 expectations, hedges currency risks effectively

Corning delivered strong financial results in Q1 2024, exceeding expectations and demonstrating resilience in challenging market conditions.
The company's focus on hedging strategies, sales growth, and operational efficiency positions it well for future success.
While facing challenges in certain segments, Corning remains optimistic about opportunities in 5G, fiber optics, and enterprise markets.
Investors can look forward to continued progress, with management actively engaging in conferences and investor relations activities.

Corning reports strong Q2 results, eyes growth in Gen AI

Corning delivered a robust performance in Q2 2024 driven by new optical products and strategic partnerships. The company's focus on innovation and growth initiatives positions it well for future success despite facing challenges in margin management and market dynamics.

Corning (GLW) reports robust Q3 results and outlines ambitious growth plans

Corning's Q3 earnings call showcases strong performance, highlighting sales and EPS growth across key segments. The company's Springboard plan sets ambitious targets for revenue growth and margin expansion. Addressing challenges around pricing, margins, and expenses while seizing opportunities in partnerships and investments will be key for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Corning Incorporated (GLW) CEO Wendell Weeks on Q3 2019 Results - Earnings Call Transcript

Corning's (GLW) third-quarter results benefit from ongoing actions to reduce operating costs, align capacity to demand in Display Technologies, and speed up capital projects in Optical Communications.

Corning (GLW) Q3 Earnings & Revenues Top Estimates, Fall Y/Y

Company reaffirms full-year outlook; Management confident in long-term growth Company reaffirms full-year outlook; Management confident in long-term growth

Corning Reports Third-Quarter 2019 Financial Results Consistent with Management Expectations

Corning (NYSE: GLW) will be releasing its next round of earnings this Tuesday. For all of the relevant information, here is your guide for the Q3 earnings announcement.

Corning Q3 Earnings Preview

The pharmaceutical packaging technology of Corning (GLW) gets FDA approval to enhance the storage and delivery of drugs, providing quality assurance for pharmaceutical manufacturers.

Corning's Pharmaceutical Glass Composition Gets FDA Approval

CORNING, N.Y., Oct.  25, 2019  (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced that a leading pharmaceutical manufacturer has received FDA approval of  Corning Valor® Glass  for use as a primary package for a marketed drug product.

Corning Announces FDA Approval of Valor® Glass for Packaging of Marketed Drug Product

Softness in Display Technologies and Optical Communications business segments is likely to have hurt Corning's (GLW) third-quarter 2019 financial performance.

Will Top-Line Decline Hurt Corning's (GLW) Q3 Earnings?

Owens Corning

Owens Corning (OC) CEO Brian Chambers on Q3 2019 Results - Earnings Call Transcript

Verizon

Verizon Communications Inc 5.9 % Notes 2014-15.2.54 Sr

Verizon and Corning co-innovating with 5G to create factory of the future

Intel

The strategic alliance combines Corning's (GLW) wireless connectivity portfolio and Intel's cutting-edge technologies to boost the availability of 5G in buildings.

Corning Partners Intel for In-Building Network Solutions

CORNING, N.Y. , Oct.  21, 2019  (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) and Intel (NYSE: INTC) today announced a strategic collaboration to accelerate the availability of 5G in buildings. The two companies will work together to deliver a virtual platform for Corning’s 5G network solutions powered by Intel® Xeon® Scalable processors and Intel® FlexRAN Reference Software Architecture.

Corning Announces 5G In-Building Network Collaboration with Intel

Trefis highlights the trends in Corning’s Revenues over recent years in an interactive dashboard along with our forecast for fiscal 2019. We expect Corning’s total revenue to increase by 7.5% to $12.1 billion in FY 2019, primarily driven by growth in the Optical Communication Segment.

Optical Communication Segment Should Help Corning’s Revenue Cross $12 Billion This Year

Corning, N.Y., Oct.  02, 2019  (GLOBE NEWSWIRE) --  Corning Incorporated’s  (NYSE: GLW)  Board of Directors  today declared a quarterly dividend of $0.20 per share on the company’s common stock. The dividend will be payable on Dec. 13, 2019, to shareholders of record on Nov. 15, 2019.

Corning Announces  Quarterly Dividend

Corning's shares received a beating with the revision to earnings guidance.

Corning: The Market Is Missing The Big Picture

Corning (GLW) fell 6% on Wednesday, after the company cut its fiscal year guidance. Based on its market cycles, we believe the stock has further downside risk in the coming months.

Corning Stock GLW Falls Sharply On Lower Guidance, Cycles Bearish

Apple

The current funding underscores the solid business relationship between Corning (GLW) and Apple (AAPL) that spans more than a decade.

Corning Secures $250M Apple Funding for Glass Manufacturing

Nordstrom

A famous name in the retail sector and a noted tech stock both took it on the chin Tuesday from Mr. Market.

The Stock Market Rocked These 2 Stocks Today

Macroeconomic uncertainty is hurting its optical communications and display technologies businesses.

Why Corning Just Slashed Guidance for Its 2 Largest Segments

The tech titan had previously awarded the glass maker $200 million.

Apple Prepays Another $250 Million for Corning Glass

Corning Inc. (NYSE: GLW) shares dipped on Tuesday after the firm provided an early update on its third-quarter performance.

Are Investors Overreacting to Corning’s Business Update?

Corning Incorporated (GLW) is lowering expectations for two segments, while maintaining view for three to better reflect the existing market conditions.

Corning Updates Guidance Based on Current Market Conditions

As part of Apple’s Advanced Manufacturing Fund, Apple is investing $250 million in Corning, a supplier that has been working on glass for the iPhone, Apple Watch and iPad. Apple had previously invested $200 million in May 2017.

Apple awards another $250 million to precision glass maker Corning

Corning Incorporated (NYSE: GLW) shares are trading lower after the company cut its third-quarter display volume forecast to a quarter-over-quarter decline of high single digit percent.

Corning Shares Fall On Q3 Guidance Cut

Corning has provided glass for every iPhone since the first in 2007 and this is the second investment by Apple.

Apple invests $250 million in Corning for future iPhone glass research

Corning Inc. GLW, -0.36% shares fell in the extended session Monday after the materials company reduced its outlook for the year in two of its business segments.

News for Corning Stock (GLW)