GLW
Corning Incorporated
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Corning Incorporated.
Corning Incorporated invents and manufactures specialty glass, ceramics, and related materials and technologies. Segments include Optical Communications (fiber and cable for networks and data centers), Display Technologies, Specialty Materials (including cover glass for devices), Environmental Technologies (auto substrates and filters), and Life Sciences lab products.
Coverage
Corning's Recycled $1.05 Billion Verizon Figure Is From 2017 and Prices the New Deal at Half the Old Floor
Corning's Verizon deal discloses 80m+ miles and no dollars. The $1.05bn circulating is from 2017; on the new quantity it implies half the 2017 price.
Corning Joins Coverage at 45.4, Its First Quarter Above 40 — and It Took a $1.3 Billion Cash Swing.
Corning joins coverage at 45.4, its first quarter above the bar in fourteen stored quarters — on a free-cash-flow swing from $30M to $1,295M in one quarter.
Where the revenue goes next
Latest: $4.50B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $3.18B |
| 2023Q2 | $3.24B |
| 2023Q3 | $3.17B |
| 2023Q4 | $2.99B |
| 2024Q1 | $2.98B |
| 2024Q2 | $3.25B |
| 2024Q3 | $3.39B |
| 2024Q4 | $3.50B |
| 2025Q1 | $3.45B |
| 2025Q2 | $3.86B |
| 2025Q3 | $4.10B |
| 2025Q4 | $4.21B |
| 2026Q1 | $4.14B |
| 2026Q2 | $4.50B |
Latest: $0.64 (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | $0.20 |
| 2023Q2 | $0.33 |
| 2023Q3 | $0.19 |
| 2023Q4 | −$0.05 |
| 2024Q1 | $0.24 |
| 2024Q2 | $0.12 |
| 2024Q3 | −$0.14 |
| 2024Q4 | $0.36 |
| 2025Q1 | $0.18 |
| 2025Q2 | $0.54 |
| 2025Q3 | $0.50 |
| 2025Q4 | $0.62 |
| 2026Q1 | $0.43 |
| 2026Q2 | $0.64 |
Latest: 116.6 (2026Q2)
| Period | Value |
|---|---|
| 2023Q4 | 43.2 |
| 2024Q1 | 44.5 |
| 2024Q2 | 75.0 |
| 2024Q3 | 258.2 |
| 2024Q4 | 80.1 |
| 2025Q1 | 86.6 |
| 2025Q2 | 55.3 |
| 2025Q3 | 51.6 |
| 2025Q4 | 47.4 |
| 2026Q1 | 65.0 |
| 2026Q2 | 116.6 |
Latest: $1.29B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | −$431M |
| 2023Q2 | $231M |
| 2023Q3 | $381M |
| 2023Q4 | $434M |
| 2024Q1 | −$156M |
| 2024Q2 | $279M |
| 2024Q3 | $482M |
| 2024Q4 | $369M |
| 2025Q1 | −$57M |
| 2025Q2 | $400M |
| 2025Q3 | $450M |
| 2025Q4 | $620M |
| 2026Q1 | $30M |
| 2026Q2 | $1.29B |
Latest: 861M (2026Q2)
| Period | Value |
|---|---|
| 2022Q1 | 859M |
| 2022Q2 | 845M |
| 2022Q3 | 855M |
| 2022Q4 | 846M |
| 2023Q1 | 859M |
| 2023Q2 | 859M |
| 2023Q3 | 859M |
| 2023Q4 | 851M |
| 2024Q1 | 862M |
| 2024Q2 | 864M |
| 2024Q3 | 854M |
| 2024Q4 | 866M |
| 2025Q1 | 866M |
| 2025Q2 | 865M |
| 2025Q3 | 868M |
| 2025Q4 | 868M |
| 2026Q1 | 871M |
| 2026Q2 | 861M |
Latest: $4.33B (2026Q2)
| Period | Value |
|---|---|
| 2023Q1 | −$431M |
| 2023Q2 | −$200M |
| 2023Q3 | $181M |
| 2023Q4 | $615M |
| 2024Q1 | $459M |
| 2024Q2 | $738M |
| 2024Q3 | $1.22B |
| 2024Q4 | $1.59B |
| 2025Q1 | $1.53B |
| 2025Q2 | $1.93B |
| 2025Q3 | $2.38B |
| 2025Q4 | $3.00B |
| 2026Q1 | $3.03B |
| 2026Q2 | $4.33B |
Latest earnings
Next report: Oct 27, 2026 (Q3 2026)
Company History
Corning traces its origins to a glass business established in 1851; the present corporation was incorporated in the State of New York in December 1936.
The company changed its name on 28 April 1989, reflecting a portfolio that had grown well beyond glassware.
Introduced in the third quarter of 2023: a high-confidence plan to add $3 billion of incremental annualised core sales by the end of 2026, with a core operating margin target of 20%.
Corning said the fourth quarter of 2025 - the plan's second anniversary - delivered both the growth and the 20% core operating margin targets a full year ahead of schedule.
In March 2025 Corning raised the incremental annualised core sales target from $3 billion to $4 billion.
In the June 2026 quarter Amazon signed a multiyear, multibillion-dollar agreement for the fibre, cable and connectivity in its US data centres, and NVIDIA signed a long-term partnership under which Corning expands US optical connectivity capacity 10x and US fibre capacity by more than 50%.
Announced with the Q4 2025 results in January 2026: a multiyear partnership under which Meta buys fibre-optic cable for its US AI data centres.
From the first quarter of 2026 Corning combined Display and Specialty Materials into a Glass Innovations segment and created a Solar segment around Hemlock Semiconductor; prior periods were recast.
At the May 2026 investor day Corning set a $20 billion annualised sales run rate by the end of 2026, $30 billion by the end of 2028 and $40 billion by the end of 2030, with a 19% sales CAGR from Q4 2026 to Q4 2030.
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By latest reported 13F position value. Market value at quarter-end, not cost basis.
