glw: the income statement

MyFinsight

For the quarter ending 2025-09-30, GLW made $4,100M in revenue. $430M in net income. Net profit margin of 10.49%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Net sales	4,100	3,862	3,452	3,391
Cost of sales	2,580	2,470	2,238	2,254
Gross margin	1,520	1,392	1,214	1,137
Selling, general and administrative expenses	624	515	471	510
Research, development and engineering expenses	280	276	270	294
Amortization of purchased intangibles	27	28	28	31
Operating income	589	573	445	302
Interest income	10	5	12	12
Interest expense	78	83	82	83
Translated earnings contract gain (loss), net (note 11)	33	131	-101	-157
Other expense, net	-4	-42	-34	-166
Income (loss) before income taxes	550	584	240	-92
Provision for income taxes (note 13)	80	84	55	3
Net income (loss)	470	500	185	-95
Net income attributable to non-controlling interest	40	31	28	22
Net income (loss) attributable to corning incorporated	430	469	157	-117

Basic (note 15) (in dollars per share)	0.5	0.55	0.18	-0.14
Diluted (note 15) (in dollars per share)	0.5	0.54	0.18	-0.14
Weighted-average common shares outstanding - basic (in shares)	856,000,000	855,000,000	855,000,000	854,000,000
Weighted-average common shares outstanding - diluted (in shares)	868,000,000	865,000,000	866,000,000	854,000,000