Corning Incorporated (GLW) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.14B | 4.21B | 4.1B | 3.86B | 3.45B | 3.5B | 3.39B | 3.25B | 2.98B | 2.99B | 3.17B | 3.24B | 3.18B | 3.41B | 3.49B | 3.62B | 3.68B | 3.68B | 3.62B | 3.5B |
| Revenue Growth % | 20.05% | 20.39% | 20.91% | 18.79% | 16.03% | 16.93% | 6.87% | 0.25% | -6.39% | -12.1% | -9.03% | -10.29% | -13.64% | -7.34% | -3.51% | 3.26% | 11.85% | 9.73% | 20.46% | 36.7% |
| Cost of Goods Sold | 2.62B | 2.73B | 2.58B | 2.47B | 2.24B | 2.3B | 2.25B | 2.3B | 1.98B | 2.08B | 2.17B | 2.23B | 2.17B | 2.49B | 2.43B | 2.37B | 2.4B | 2.4B | 2.29B | 2.19B |
| COGS % of Revenue | 63.13% | 64.74% | 62.93% | 63.96% | 64.83% | 65.81% | 66.47% | 70.81% | 66.62% | 69.57% | 68.36% | 68.76% | 68.44% | 73.14% | 69.55% | 65.53% | 65.14% | 65.42% | 63.46% | 62.44% |
| Gross Profit | 1.53B | 1.49B | 1.52B | 1.39B | 1.21B | 1.2B | 1.14B | 949M | 993M | 911M | 1B | 1.01B | 1B | 915M | 1.06B | 1.25B | 1.28B | 1.27B | 1.32B | 1.31B |
| Gross Margin % | 36.87% | 35.25% | 37.07% | 36.04% | 35.17% | 34.19% | 33.53% | 29.19% | 33.38% | 30.43% | 31.64% | 31.24% | 31.56% | 26.86% | 30.45% | 34.47% | 34.86% | 34.58% | 36.54% | 37.56% |
| Gross Profit Growth % | 25.86% | 24.14% | 33.69% | 46.68% | 22.26% | 31.39% | 13.25% | -6.32% | -1% | -0.44% | -5.46% | -18.7% | -21.82% | -28.01% | -19.61% | -5.25% | 10.99% | 4.78% | 31.97% | 73.94% |
| Operating Expenses | 889M | 788M | 931M | 819M | 769M | 804M | 835M | 763M | 739M | 833M | 768M | 734M | 706M | 829M | 770M | 756M | 713M | 788M | 769M | 740M |
| OpEx % of Revenue | 21.45% | 18.7% | 22.71% | 21.21% | 22.28% | 22.96% | 24.62% | 23.47% | 24.84% | 27.82% | 24.2% | 22.63% | 22.22% | 24.34% | 22.08% | 20.91% | 19.38% | 21.44% | 21.27% | 21.14% |
| Selling, General & Admin | 588M | 504M | 624M | 515M | 471M | 499M | 510M | 471M | 451M | 514M | 468M | 440M | 421M | 517M | 461M | 486M | 434M | 476M | 486M | 465M |
| SG&A % of Revenue | 14.19% | 11.96% | 15.22% | 13.34% | 13.64% | 14.25% | 15.04% | 14.49% | 15.16% | 17.17% | 14.75% | 13.57% | 13.25% | 15.18% | 13.22% | 13.44% | 11.79% | 12.95% | 13.44% | 13.28% |
| Research & Development | 278M | 284M | 280M | 276M | 270M | 275M | 294M | 262M | 258M | 289M | 270M | 263M | 254M | 281M | 278M | 240M | 248M | 280M | 251M | 242M |
| R&D % of Revenue | 6.71% | 6.74% | 6.83% | 7.15% | 7.82% | 7.85% | 8.67% | 8.06% | 8.67% | 9.65% | 8.51% | 8.11% | 7.99% | 8.25% | 7.97% | 6.64% | 6.74% | 7.62% | 6.94% | 6.91% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 639M | 698M | 589M | 573M | 445M | 393M | 302M | 186M | 254M | 78M | 236M | 279M | 297M | 86M | 292M | 490M | 570M | 483M | 552M | 575M |
| Operating Margin % | 15.42% | 16.56% | 14.37% | 14.84% | 12.89% | 11.23% | 8.91% | 5.72% | 8.54% | 2.61% | 7.44% | 8.6% | 9.35% | 2.53% | 8.37% | 13.55% | 15.49% | 13.14% | 15.27% | 16.42% |
| Operating Income Growth % | 43.6% | 77.61% | 95.03% | 208.06% | 75.2% | 403.85% | 27.97% | -33.33% | -14.48% | -9.3% | -19.18% | -43.06% | -47.89% | -82.19% | -47.1% | -14.78% | 13.55% | 1.47% | 114.79% | 658.25% |
| EBITDA | 662M | 1.05B | 916M | 913M | 764M | 728M | 643M | 523M | 591M | 423M | 576M | 622M | 638M | 432M | 650M | 865M | 943M | 862M | 923M | 944M |
| EBITDA Margin % | 15.97% | 24.89% | 22.34% | 23.64% | 22.13% | 20.79% | 18.96% | 16.09% | 19.87% | 14.13% | 18.15% | 19.18% | 20.08% | 12.68% | 18.64% | 23.93% | 25.62% | 23.45% | 25.53% | 26.96% |
| EBITDA Growth % | -13.35% | 44.09% | 42.46% | 74.57% | 29.27% | 72.1% | 11.63% | -15.92% | -7.37% | -2.08% | -11.38% | -28.09% | -32.34% | -49.88% | -29.58% | -8.37% | 9.14% | -0.69% | 41.78% | 279.12% |
| D&A (Non-Cash Add-back) | 23M | 351M | 327M | 340M | 319M | 335M | 341M | 337M | 337M | 345M | 340M | 343M | 341M | 346M | 358M | 375M | 373M | 379M | 371M | 369M |
| EBIT | 666M | 771M | 628M | 667M | 322M | 516M | -9M | 256M | 379M | 52M | 299M | 490M | 304M | 80M | 333M | 822M | 854M | 649M | 565M | 599M |
| Net Interest Income | -83M | -82M | -68M | -78M | -70M | -66M | -71M | -74M | -71M | -77M | -72M | -73M | -69M | -70M | -70M | -69M | -68M | -70M | -69M | -76M |
| Interest Income | 9M | 11M | 10M | 5M | 12M | 13M | 12M | 10M | 12M | 13M | 10M | 8M | 7M | 6M | 3M | 3M | 3M | 3M | 3M | 2M |
| Interest Expense | 92M | 93M | 78M | 83M | 82M | 79M | 83M | 84M | 83M | 90M | 82M | 81M | 76M | 76M | 73M | 72M | 71M | 73M | 72M | 78M |
| Other Income/Expense | -110M | -20M | -39M | 11M | -205M | 44M | -394M | -14M | 42M | -116M | -19M | 130M | -69M | -82M | -32M | 260M | 213M | 102M | -59M | -54M |
| Pretax Income | 529M | 678M | 550M | 584M | 240M | 437M | -92M | 172M | 296M | -38M | 217M | 409M | 228M | 4M | 260M | 750M | 783M | 585M | 493M | 521M |
| Pretax Margin % | 12.77% | 16.09% | 13.41% | 15.12% | 6.95% | 12.48% | -2.71% | 5.29% | 9.95% | -1.27% | 6.84% | 12.61% | 7.17% | 0.12% | 7.45% | 20.75% | 21.28% | 15.91% | 13.64% | 14.88% |
| Income Tax | 121M | 91M | 80M | 84M | 55M | 97M | 3M | 50M | 71M | -10M | 35M | 106M | 37M | 31M | 34M | 166M | 180M | 89M | 109M | 67M |
| Effective Tax Rate % | 22.87% | 13.42% | 14.55% | 14.38% | 22.92% | 22.2% | -3.26% | 29.07% | 23.99% | 26.32% | 16.13% | 25.92% | 16.23% | 775% | 13.08% | 22.13% | 22.99% | 15.21% | 22.11% | 12.86% |
| Net Income | 371M | 540M | 430M | 469M | 157M | 310M | -117M | 104M | 209M | -40M | 164M | 281M | 176M | -36M | 208M | 563M | 581M | 487M | 371M | 449M |
| Net Margin % | 8.95% | 12.81% | 10.49% | 12.14% | 4.55% | 8.85% | -3.45% | 3.2% | 7.03% | -1.34% | 5.17% | 8.66% | 5.54% | -1.06% | 5.96% | 15.57% | 15.79% | 13.25% | 10.26% | 12.82% |
| Net Income Growth % | 136.31% | 74.19% | 467.52% | 350.96% | -24.88% | 875% | -171.34% | -62.99% | 18.75% | -11.11% | -21.15% | -50.09% | -69.71% | -107.39% | -43.94% | 25.39% | -3% | 93.25% | -13.11% | 732.39% |
| Net Income (Continuing) | 408M | 587M | 470M | 500M | 185M | 340M | -95M | 122M | 225M | -28M | 182M | 303M | 191M | -27M | 226M | 584M | 603M | 496M | 384M | 454M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 537M | 500M | 469M | 429M | 412M | 384M | 364M | 342M | 333M | 317M | 314M | 298M | 282M | 267M | 264M | 248M | 234M | 212M | 210M | 182M |
| EPS (Diluted) | 0.43 | 0.63 | 0.50 | 0.54 | 0.18 | 0.36 | -0.14 | 0.12 | 0.24 | -0.05 | 0.19 | 0.33 | 0.20 | -0.04 | 0.24 | 0.66 | 0.68 | 0.56 | 0.43 | -0.42 |
| EPS Growth % | 138.89% | 75% | 457.14% | 350% | -25% | 865.96% | -173.68% | -63.64% | 20% | -10.07% | -20.83% | -50% | -70.59% | -107.63% | -44.19% | 257.14% | 1.49% | 115.38% | -10.42% | -223.08% |
| EPS (Basic) | 0.43 | 0.63 | 0.50 | 0.55 | 0.18 | 0.35 | -0.14 | 0.12 | 0.25 | -0.05 | 0.19 | 0.33 | 0.21 | -0.04 | 0.25 | 0.67 | 0.69 | 0.57 | 0.44 | -0.42 |
| Diluted Shares Outstanding | 862.79M | 860M | 860M | 866M | 866M | 854M | 854M | 864M | 862M | 851M | 859M | 859M | 859M | 843M | 855M | 856M | 859M | 864M | 866M | 844M |
| Basic Shares Outstanding | 862.79M | 860M | 860M | 854M | 854M | 881.99M | 854M | 853M | 852M | 851M | 850M | 848M | 844M | 843M | 843M | 843M | 843M | 849M | 852M | 842.86M |
| Dividend Payout Ratio | 65.77% | 47.22% | 56.05% | 55.65% | 154.14% | 80.32% | - | 242.31% | 116.27% | - | 150% | 91.1% | 135.8% | - | 112.5% | 41.56% | 39.24% | 43.53% | 58.49% | 52.12% |