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, 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

Corning Reports Second-Quarter 2023 Financial Results with Notable Progress on Profitability and Cash Flow

Corning (GLW) is likely to witness a top-line contraction year over year in second-quarter 2023, owing to sluggish demand trends and macroeconomic headwinds.

Will Revenue Contraction Hinder Corning's (GLW) Q2 Earnings?

Earnings will likely come in at about $0.48 per share, marginally beating the consensus estimate of $0.46.

Pricing Actions To Aid Corning's Q2?

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Dividend income has grown by 35.77% in the first half of 2023, adding $1,606 to estimated annual dividends, due to dividend reinvestments, dividend increases, new purchases, and re-allocation of capital. Several changes have been made to the portfolio, including closing seven positions and reallocating capital to five new positions, aiming for a balanced approach to dividend growth for long-term sustainability. The goal is to reach $6,600 in estimated annual dividends by the end of the year.

My Dividend Growth Income Mid-Year Review

Corning's (GLW) Viridian Vials is likely to revolutionize pharmaceutical glass-packaging with significant environmental benefits while meeting the industry's growing demand for efficient production.

Corning (GLW) Launches Viridian Vials for Sustainable Future

The vial technology will help drug manufacturers meet their sustainability goals while enabling faster, safer filling-line operations The vial technology will help drug manufacturers meet their sustainability goals while enabling faster, safer filling-line operations

Corning's New Viridian™ Vials Reduce Waste and Carbon Emissions in the Pharmaceutical Supply Chain

Corning Incorporated is predicted to continue generating revenue from its Optical Communications segment due to the US government's commitment to expanding rural broadband. The company's Display Technologies segment also holds potential for revenue growth, particularly in the mobile phone and automotive industries. Despite a healthy working capital ratio and interest coverage ratio, Corning's financials are considered underwhelming, with improvements desired in the upcoming quarters. The company's intrinsic value is estimated at $34.64 a share.

Corning Incorporated: Decent Entry Point For The Long-Term Oriented Investor

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Display technologies account for 23% of revenue, with dividend stock Corning best known for its Gorilla Glass frequently used in smartphones.

Dividend Stocks: Precision Glass Maker Corning Offers Steady Dividend Growth. But What About China?

Declining free cash flow co-exists with improved margin from management's actions. Measures to cushion lower net sales' impact have been taken, and are expected to continue. Historical data suggested its lower cash flow could be bottoming out.

Corning: More Measures To Expect Based On Its Management Framework

CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated's (NYSE: GLW) Board of Directors today announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning's Board of Directors, effective June 20, 2023.

Corning Appoints Thomas D. French to Its Board of Directors

Corning (GLW) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Corning (GLW) Surges 5.9%: Is This an Indication of Further Gains?

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

Morgan Stanley turned bullish on the specialty glass maker, as it anticipates better times ahead.

Corning Stock Rallies After Upgrade. What's Behind the Brighter Outlook.

SGD Pharma is the latest to join a growing network of leading pharma manufacturers adopting Corning's (GLW) cutting-edge coating technology.

Corning (GLW) Expands Vial Manufacturing With New India Unit

Corning stock offers a solid 3.5% dividend yield and above 20% upside potential, outweighing headwinds and risks. The company is expected to see sequential revenue growth in the upcoming earnings, marking a positive pivot. Risks to consider include technological risks, supply-chain risks, foreign exchange risks, and geopolitical risks.

Why Corning Stock Is A Strong Buy

The collaboration will enable faster, more efficient delivery of vital medicines and help support India's growing pharmaceutical industry The collaboration will enable faster, more efficient delivery of vital medicines and help support India's growing pharmaceutical industry

Corning and SGD Pharma announce joint venture to open new glass tubing facility and expand access to Corning® Velocity® Vial technology in India

Corning Incorporated (NYSE:GLW ) Bernstein's 39th Annual Strategic Decisions Conference 2023 May 31, 2023 3:30 PM ET Company Participants Wendell Weeks - Chairman, Chief Executive Officer Jeff Evenson - Executive Vice President, Chief Strategy Officer Conference Call Participants Laurent Yoon - Bernstein Laurent Yoon We'll get this started. Thank you everybody for making the time to come to the Fireside Chat with Corning.

Corning Incorporated (GLW) Presents at Bernstein's 39th Annual Strategic Decisions Brokers Conference 2023 (Transcript)

Returning to the pre-inflation shock level means that Corning stock will have to gain more than 45% from here.

Will Corning Stock Rebound To Its 2021 Highs Of $45?

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Despite the price increase, Corning (GLW) expects demand for glass products to pick up in the second half of the year, driven by the continued recovery of the display industry.

News for Corning Stock (GLW)