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Income Statement
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Cash Flow
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Balance Sheet
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Income Overview
Revenue
$15,629M
Net Income
$1,596M
Net Profit Margin
10.21%
EPS
$1.83
Unit: Million (M) dollars
Revenue Breakdown
Optical Communications
Display Products
Specialty Materials Products
Others
Revenue Breakdown
Segment net sales-Reportable Seg...
Segment net sales-Hemlock And Em...
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Page 1
Annual
123
Page 1
Income Statement
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Net sales
15,629
13,118
12,588
14,189
Cost of sales
10,008
8,842
8,657
9,683
Gross margin
5,621
4,276
3,931
4,506
Selling, general and administrative expenses
2,122
1,931
1,843
1,898
Research, development and engineering expenses
1,110
1,089
1,076
1,047
Amortization of purchased intangibles
110
121
122
123
Operating income
2,279
1,135
890
1,438
Interest income
38
47
38
15
Interest expense
336
329
329
292
Translated earnings contract gain, net (note 13)
150
83
161
351
Other (expense) income, net
-79
-123
56
285
Income before income taxes
2,052
813
816
1,797
Provision for income taxes (note 15)
310
221
168
411
Net income
1,742
592
648
1,386
Net income attributable to non-controlling interest
146
86
67
70
Net income attributable to corning incorporated
1,596
506
581
1,316
Series a convertible preferred stock dividend
-
-
-
0
Net income available to common shareholders
-
-
581
1,316
Basic EPS
1.87
0.59
0.69
1.56
Diluted EPS
1.83
0.58
0.68
1.54
Basic Average Shares
855,000,000
853,000,000
848,000,000
843,000,000
Diluted Average Shares
871,000,000
869,000,000
859,000,000
857,000,000
Page 1
Unit: Million (M) dollars (except for numbers of shares and EPS).
Page 1
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Time Plot
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Income Statement
1
2
Optical Communications
$6,274M
Display Products
$2,965M
(8.73%↑ Y/Y)
Specialty Materials
Products
$2,194M
Automotive Products
$1,777M
Life Science
Products
$959M
(2.79%↑ Y/Y)
Polycrystalline Silicon
Products
$955M
Product And Service
Other
$505M
(36.12%↑ Y/Y)
Net sales
$15,629M
(19.14%↑ Y/Y)
Gross margin
$5,621M
(31.45%↑ Y/Y)
Cost of sales
$10,008M
(13.19%↑ Y/Y)
Operating income
$2,279M
(100.79%↑ Y/Y)
Translated earnings
contract gain, net (note...
$150M
(80.72%↑ Y/Y)
Selling, general and
administrative expenses
$2,122M
(9.89%↑ Y/Y)
Research, development and
engineering expenses
$1,110M
(1.93%↑ Y/Y)
Amortization of purchased
intangibles
$110M
(-9.09%↓ Y/Y)
Interest income
$38M
(-19.15%↓ Y/Y)
Income before income
taxes
$2,052M
(152.40%↑ Y/Y)
Interest expense
$336M
(2.13%↑ Y/Y)
Other (expense)
income, net
-$79M
(35.77%↑ Y/Y)
Net income
$1,742M
(194.26%↑ Y/Y)
Provision for income taxes
(note 15)
$310M
(40.27%↑ Y/Y)
Net income
attributable to corning...
$1,596M
(215.42%↑ Y/Y)
Net income
attributable to...
$146M
(69.77%↑ Y/Y)
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CORNING INC NY (GLW)