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

Corning on Tuesday forecast fourth-quarter core sales below market expectations and flagged a likely hit from the ongoing strike against the Detroit Three automakers, sending the shares of the specialty glass maker down nearly 3%.

Corning warns of hit from UAW strike as core sales forecast disappoints

Gross margin percentage expanded sequentially on consistent sales and year over year on lower sales; Operating and free cash flow both grew sequentially and year over year; Profitability and free cash flow sequential increases were driven by pricing actions, primarily in Display Technologies, and companywide productivity gains; For the fourth quarter, management expects similar core gross margin and another quarter of strong free cash flow – despite sequentially lower core sales of $3.25 billion Gross margin percentage expanded sequentially on consistent sales and year over year on lower sales; Operating and free cash flow both grew sequentially and year over year; Profitability and free cash flow sequential increases were driven by pricing actions, primarily in Display Technologies, and companywide productivity gains; For the fourth quarter, management expects similar core gross margin and another quarter of strong free cash flow – despite sequentially lower core sales of $3.25 billion

Corning Reports Third-Quarter 2023 Financial Results with Continued Improvement in Profitability and Cash Flow

Corning (GLW) is expected to record lower revenues year over year in the third quarter of 2023, owing to weak demand trends in some business verticals.

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

Corning (GLW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Corning (GLW) to Report a Decline in Earnings: What to Look Out for

Margin leverage potential exists due to right-sizing staffing and price actions in the Display segment. Corning has an underappreciated product portfolio with a recovery story supported by client destocking activities. A solid balance sheet, best-in-class R&D team, supportive valuation, and tasty yield make GLW a clear buy.

Corning: Supportive Megatrends Coupled With A Recovery Story

Corning, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced that its vice chairman and corporate development officer, Lawrence D. McRae, who has been with the company for nearly four decades, will retire at the end of the year. McRae will continue in his current role and remain on Corning's Senior Leadership Team until his retirement.

Corning Vice Chairman Lawrence D. McRae to Retire After 38 Years with the Company

Broadcom

Crown Castle International

LM Ericsson Telefon

Qorvo

Skyworks Solutions

T-Mobile US

As the rollout of 5G, or fifth-generation wireless internet continues, there are many types of 5G stocks you can buy for exposure to this advancement in wireless telecommunications technology. For scores of companies across many areas of the telecom and technology sectors, 5G represents a strong growth opportunity.

Q4 Stock Predictions: 7 5G Stocks Ready to Roar Into 2024

Corning's Q2 2023 report showed diversified revenue streams and recent news suggests new opportunities for continued growth in Q3 2023. Optical communications and display technologies expected to drive changes in Q3 2023. Federal BEAD program for broadband access and data-intensive AI datacenter segment offer steady revenue and growth opportunities for Corning.

Corning: Glass Technologies Behind AI And Consumer Devices Will Drive Q3 2023

West Pharmaceutical Services

Although these companies are from different sectors, we compare them because they have a similar market capitalization of around $30 billion.

Which Is A Better Pick – Corning Stock Or West Pharmaceutical Services?

Cisco Systems

Gen Digital Inc

Hewlett Packard

Juniper Networks

NetApp

QUALCOMM

Seagate Technology Holdings PLC

Texas Instruments

You don't have to give up big dividends if you like S&P 500 tech stocks. It's possible to get both.

12 Big Tech Stocks Pay Plump Dividends Up To 4.5%, Too

Nokia

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields

Albemarle

Applied Materials

Monolithic Power Systems

NXP Semiconductors

ON Semiconductor

Viatris

If you think Apple has a big "China problem" — you'll be shocked to know it's tiny compared with some other S&P 500 companies.

10 U.S. Companies Face Much Larger Problems In China Than Apple

Corning Incorporated (NYSE:GLW ) Citi's 2023 Global Technology Conference Call September 7, 2023 8:15 AM ET Company Participants Jeffrey Evenson - Executive Vice President and Chief Strategy Officer Conference Call Participants Asiya Merchant - Citigroup Inc. Asiya Merchant Asiya Merchant here, I work with the Citi Research team, looking at hardware and the components name. Really glad to have Corning here.

Corning Incorporated (GLW) Citi's 2023 Global Technology Conference (Transcript)

Wall Street's Most Accurate Analysts Say Buy These 3 Tech Stocks With Over 3% Dividend Yields - Corning (NYSE:GLW), Juniper Networks (NYSE:JNPR)

Corning's stock has shown minimal returns over the past years, underperforming the broader market. Corning's dominance in key market segments and strategic pricing moves are poised to positively impact revenue and profitability. The stock has maintained a consistent upward trend since 2001, and the current price plateau probably signifies an accumulation phase.

Corning: There Is Still Time To Accumulate Shares

Corning is a long-standing company with a diverse portfolio of products, including display technologies, optical communications, and specialty materials. The company has experienced a recent downturn in revenue and margins due to supply chain disruptions and cost inflation, but there are signs of improvement. Corning may benefit from the AI boom and expects growth in its optical communications, automotive exteriors, and solar business. The stock is attractively priced and offers an appealing dividend yield.

Corning: A Timeless Gem Poised For A Comeback

Fifth-generation wireless (5G) is becoming the global standard for wireless networks. But the full rollout of 5G will take several years – and billions of dollars.

The 3 Most Undervalued 5G Stocks to Buy Now: August 2023

Cirrus Logic

Jabil

Our Theme of Apple Component Supplier Stocaks, which includes a diverse set of companies that supply components for Apple's devices, has gained about 18% year-to-date,

With New IPhones Around The Corner, Are Apple Supplier Stocks A Buy?

Dell Technologies

Oracle

AT&T

Once the genie came out of the artificial intelligence bottle, there was no way it was ever going back in.

7 Sizzling Old-School Dividend Tech Stocks Set to Soar for the Rest of 2023

Despite management's efforts to improve profitability, Corning's (GLW) revenues fall year over year due to declining net sales in several verticals.

Corning (GLW) Q2 Earnings Match Estimates, Revenues Beat

Corning, Inc. (NYSE:GLW ) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and Chief Executive Officer Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Asiya Merchant - Citi Mehdi Hosseini - SIG Wamsi Mohan - Bank of America Shannon Cross - Credit Suisse Matthew Niknam - Deutsche Bank Steven Fox - Fox Advisors, LLC Joshua Spector - UBS George Notter - Jefferies Operator Welcome to the Corning Incorporated Quarter 2 2023 Earnings Call. [Operator Instructions] It is my pleasure to introduce to you, Ann Nicholson, Vice President of Investor Relations.

Corning, Inc. (GLW) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Corning (GLW) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Corning (GLW) came out with quarterly earnings of $0.45 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.57 per share a year ago.

Corning (GLW) Meets Q2 Earnings Estimates

Specialty glass maker Corning forecast third-quarter core sales below Wall Street estimates on Tuesday, as it grapples with the ongoing slump in the consumer electronics market.

Apple supplier Corning Q3 revenue forecast hit by consumer electronics slump

Sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; Sequential margin expansion and $310 million of free cash flow reflect progress on pricing and productivity actions, with continued improvement expected in the second half; In the third quarter, management expects core sales of approximately $3.5 billion and core EPS to be about the same or slightly better than in the second quarter Sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; Sequential margin expansion and $310 million of free cash flow reflect progress on pricing and productivity actions, with continued improvement expected in the second half; In the third quarter, management expects core sales of approximately $3.5 billion and core EPS to be about the same or slightly better than in the second quarter

News for Corning Stock (GLW)