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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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

Core sales of $3.6 billion topped management guidance of $3.5 billion. Record sales in Optical Communications were driven by new AI connectivity products.

Corning Posts Strong Q2 Results

Corning (GLW) reports a top-line expansion year over year, backed by rising demand for optical connectivity products. Solid growth in free cash flow is a tailwind.

Corning (GLW) Surpasses Q2 Earnings Estimate on Higher Revenues

The headline numbers for Corning (GLW) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Corning (GLW) Q2 Earnings: A Look at Key Metrics

Corning Incorporated (NYSE:GLW ) Q2 2024 Earnings Conference Call July 30, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman & Chief Executive Officer Ed Schlesinger - Executive Vice President & Chief Financial Officer Conference Call Participants Asiya Merchant - Citi Samik Chatterjee - JPMorgan Steven Fox - Fox Advisors LLC Martin Yang - OpCo Ruplu Bhattacharya - Bank of America Securities Mehdi Hosseini - Susquehanna International Group James Cannon - UBS Meta Marshall - Morgan Stanley Tim Long - Barclays George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter Two 2024 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.

Corning Incorporated (GLW) Q2 2024 Earnings Call Transcript

Specialty glass maker Corning forecast current-quarter profit largely below Wall Street estimates on Tuesday, blaming a slowdown in demand for its clean-air technologies, even as it saw robust sales for its optical fiber products.

Corning sees weak Q3 profit on slow demand for clean-air tech

Corning (GLW) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.45 per share a year ago.

Corning (GLW) Surpasses Q2 Earnings and Revenue Estimates

Corning reports adjusted second-quarter earnings of 47 cents a share on revenue of $3.6 billion.

Corning Stock Drops After Earnings Beat. This Is Why.

CORNING, N.Y.--(BUSINESS WIRE)---- $GLW #CorningIncorporated--Corning Incorporated (NYSE: GLW) today announced its second-quarter 2024 results and provided its outlook for third-quarter 2024. Wendell P. Weeks, chairman and chief executive officer, said, “Our strong second-quarter results exceeded the guidance we provided in April and marked a return to year-over-year core sales and EPS growth. The outperformance was driven primarily by the strong adoption of our new optical connectivity products for generative AI, which dro.

Corning Reports Strong Second-Quarter 2024 Financial Results, Exceeding April Guidance and Marking Return to Year-over-Year Sales Growth

Get a deeper insight into the potential performance of Corning (GLW) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Corning (GLW) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Corning (GLW) is expected to report top-line growth year over year, backed by solid traction in several business segments.

Will Modest Revenue Growth Improve Corning's (GLW) Q2 Earnings?

Corning (GLW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Corning (GLW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Cava Group, Inc.

Deckers Outdoor

Despite the current rotation into value and small-cap securities, there's still a place for growth stocks. After all, these have traditionally been the best-performing stocks over the long run.

3 Growth Stocks That Could Grow Your Wealth

Arista Networks

Paycom Software

PayPal

Twilio

Arista Networks, Corning, PayPal, Paycom and Twilio are included in this Analyst Blog.

The Zacks Analyst Blog Arista Networks, Corning, PayPal, Paycom and Twilio

Here, we have picked five tech stocks, Arista Networks (ANET), Corning (GLW), PayPal (PYPL), Paycom Software (PAYC) and Twilio (TWLO), which are likely to pull off earnings surprises in second-quarter 2024.

5 Technology Stocks Poised to Beat Earnings Estimates in Q2

Here is how Corning (GLW) and American Superconductor (AMSC) have performed compared to their sector so far this year.

Has Corning (GLW) Outpaced Other Computer and Technology Stocks This Year?

Amazon

Teradyne

Some thin trading activity could be ahead for the broader markets but don't count out the red-hot momentum plays, many of which could continue to inch closer to a breakout. Of course, July isn't exactly the most action-packed month for stocks, especially as many investors, traders and other market participants look to take some much-needed time off while it's hot.

3 Underpriced Stocks Primed for a July Breakout

Nvidia is the undisputed king of artificial intelligence (AI), but a growing number of companies are capturing value from the industry. Corning is a small technology company experiencing a surge in demand for its fiber optic solutions for the data center.

1 Under-the-Radar Artificial Intelligence (AI) Stock Most Investors Might Be Overlooking

Corning's share price jumped 17.5% last week, the best performing stock in the S&P 500 in that time frame. Corning's boost in share price followed a lift in Q2 guidance, with strong growth projections and innovative products. Corning's technological advantage, strong balance sheet, and history of dividend growth make it a top watch list stock, despite being currently overvalued.

Corning: Why It Was The S&P 500's Top Performing Stock Last Week

Corning Incorporated NYSE: GLW is a $38 billion business specializing in glass and ceramic-related technology. Its products are used in everything from flat-screen TVs, smartphones, and sensitive sensors for drug research, which might not seem that exciting, but don't be put off.

AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come

Corning (GLW) shares have surged 16% in the past two trading sessions, hitting their highest level since May 2021, after the specialty glass maker boosted its current-quarter outlook due to increasing uptake of its optical connectivity products used in generative artificial intelligence (AI) applications.

Watch These Corning Price Levels as Stock Rallies On Optimism About AI Demand

Corning stock (NYSE: GLW) saw a 10% rise over the last five days, faring better than its peer — General Electric stock – up 2%. The rise in GLW stock this week can primarily be attributed to the company's revision of its outlook for the Q2 2024 following an increased demand for its new optical connectivity products for generative artificial intelligence applications.

Should You Pick Corning Stock After 40% Gains This Year Amid AI Boost?

Corning Incorporated released better Q2 estimates for sales and EPS, driven by strong adoption of new optical connectivity products for Generative AI. The company is set for a robust "Springboard" framework, expecting to add over $3 billion in annualized top-line sales over the next three years. Corning is addressing overhangs, and we decided to maintain our buy rating estimates.

Corning: AI Sales Taking Shape

Eli Lilly

UBS Group AG

Some stocks fly under the radar of investors even as they quietly dominate the industry in which they operate. These stealth stocks rise to the top by developing competitive advantages.

Hot Stocks: 3 Sleeping Giants About to Dominate Their Sectors

Corning's stock price surged above $40 after raising its second-quarter sales forecast by $200 million, driven by demand for AI solutions. Despite the stretched valuation, GLW stock scores a strong buy, with positive momentum and EPS revision. Growth catalysts include GenAI, optical connectivity products, TV screen display size growth, and GPF filters in automotive, with potential risks in valuation and shifts in market demand.

What To Do After Corning Shares Rallied

Corning's (GLW) shares surge as it anticipates second-quarter core sales to surpass earlier expectations on healthy demand trends.

News for Corning Stock (GLW)