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CORNING INC /NY

GLW
Drawing And Insulating Of Nonferrous Wire
Last filing · Quarter 2 · Jun 30, 2026
Financial Statements Ratios
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Statement
Period
Annual Quarterly
Order
Format
% Change
Rows
USD ($)
$ in Millions 		LTMDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016Dec 31, 2015Dec 31, 2014Dec 31, 2013Dec 31, 2012Dec 31, 2011Dec 31, 2010Dec 31, 2009
Net sales
$ 16,964
$ 15,629
$ 13,118
$ 12,588
Cost of sales
10,793
10,008
8,842
8,657
Gross margin
6,171
5,621
4,276
3,931
Operating expenses:
                  
Selling, general and administrative expenses
2,332
2,122
1,931
1,843
Research, development and engineering expenses
1,141
1,110
1,089
1,076
Amortization of purchased intangibles
100
110
121
122
Restructuring, impairment and other charges (Note 2)
-
-
-
-
Asbestos litigation (credit) charges (Note 7)
-
-
-
-
Operating income
2,598
2,279
1,135
890
Equity in earnings (losses) of affiliated companies (Note 3)
-
-
-
-
Interest income
42
38
47
38
Interest expense
(357)
(336)
(329)
(329)
Translated earnings contract gain, net (Note 13)
194
150
83
161
Translated earnings contract (loss) gain, net
-
-
-
-
Gain on realignment of equity investment
-
-
-
-
Foreign currency hedge gain, net
-
-
-
-
Other-than-temporary impairment (OTTI) losses:
                  
Total OTTI losses
-
-
-
-
Portion of OTTI losses recognized in other comprehensive income (before taxes)
-
-
-
-
Net OTTI losses recognized in earnings
-
-
-
-
Other (expense) income, net
(71)
(79)
(123)
56
Income before income taxes
2,406
2,052
813
816
Provision for income taxes (Note 15)
332
310
221
168
Net income
2,074
1,742
592
648
Net income attributable to non-controlling interest
174
146
86
67
Net income attributable to Corning Incorporated
1,900
1,596
506
581
Earnings per common share available to common shareholders:
                  
Basic (Note 17) (in dollars per share)
$ 2.22
$ 1.87
$ 0.59
$ 0.69
Diluted (Note 17) (in dollars per share)
2.17
1.83
0.58
0.68
Dividends declared per common share
-
-
-
-
Net income attributable to Corning Incorporated
-
-
-
581
Series A convertible preferred stock dividend
-
-
-
-
Excess consideration paid for redemption of preferred stock (1)
-
-
-
-
Net income available to common shareholders
-
-
-
$ 581