Corning Incorporated
Financial Performance
Corning Revenue & Financials
Revenue
$15.6B (FY2025)
Market Cap
$137B
Net Income
$1.6B
Employees
67,200
What is Corning's revenue?
Corning had $15.6B in revenue for fiscal year 2025, up 19.1% from 2024. Net income was $1.6B.
- Latest revenue
- $15.6B (FY2025)
- Year-over-year
- +19.1%
- Growth rate (CAGR)
- 5.8% over 9 years
- Peak revenue
- $15.6B (FY2025)
- Years of data
- 10
- Employees
- 67,200
- What is Corning's operating income?
- Corning reported operating income of $2.3B for fiscal year 2025. sec.gov
- How much profit does Corning make?
- Corning reported net income of $1.6B for fiscal year 2025. investor.corning.com
- How many employees does Corning have?
- Corning has about 67,200 employees.
Financial Analysis
Corning reports both GAAP and "core" results (core uses constant currency for yen- and won-exposed businesses). 2025 GAAP net sales were $15.63 billion, up from $13.12 billion in 2024, and net income attributable to Corning was $1.596 billion; core sales were $16.41 billion (+13%), core EPS was $2.52 (+29%), and adjusted free cash flow was about $1.72 billion. In Q2 2026, GAAP sales were $4.51 billion with $559 million in net income, while core sales grew 17% to $4.74 billion and core EPS rose 30% to $0.78. The model is capital-intensive: glass tanks, fiber draw towers, and ceramic lines carry high fixed costs, so volume swings move margins sharply in both directions. Corning Incorporated is an American multinational technology company specializing in specialty glass, sustaining a market valuation typically over $25 billion.
Revenue Trend Analysis
YoY Change
+19.1%
9-Year CAGR
+5.8%
Peak Year
2025
Trend
Consistent Growth
Corning Incorporated has 10 full fiscal year figures on this page, compounding at +5.8% annually over 9 years. The most recent year saw a 19.1% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $15.6B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $15.6B | $2.3Bfiling | $1.6B | +19.1% | investor.corning.com Corning reported $15.63 billion in FY2025 GAAP net sales and $16.41 billion in core sales, with core sales up 13% and net income of $1.596 billion. |
| FY2024 | $13.1B | $1.1Bfiling | — | +4.2% | data.sec.gov GAAP revenue rose 4.2% to $13.12 billion in FY2024, as an AI-driven 16% surge in Optical Communications and double-digit Display price increases outweighed weaker Environmental demand. |
| FY2023 | $12.6B | $890Mfiling | — | -11.3% | data.sec.gov Corning's FY2023 GAAP sales of $12.59 billion marked a cyclical trough as post-pandemic display and optical demand normalized ahead of the 2024 Springboard-era recovery. |
| FY2022 | $14.2B | $1.4B | $1.3B | +0.8% | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2025-02-13) Fiscal year ended 2022-12-31. |
| FY2021 | $14.1B | $2.1B | $1.9B | +24.6% | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2024-02-12) Fiscal year ended 2021-12-31. |
| FY2020 | $11.3B | $509M | $512M | -1.7% | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2023-02-13) Fiscal year ended 2020-12-31. |
| FY2019 | $11.5B | $1.3B | $960M | +1.9% | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2022-02-14) Fiscal year ended 2019-12-31. |
| FY2018 | $11.3B | $1.6B | $1.1B | +11.6% | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2021-02-12) Fiscal year ended 2018-12-31. |
| FY2017 | $10.1B | $1.6B | -$497M | +7.7% | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2020-02-18) Fiscal year ended 2017-12-31. |
| FY2016 | $9.4B | $1.4B | $3.7B | — | Corning Incorporated annual report (Form 10-K, SEC EDGAR, filed 2019-02-12) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Corning Incorporated balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.7B | $31B | $18.7B | $11.8B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.9B | $27.7B | $16.7B | $10.7B | Form 10-K |
| FY2023ended Dec 31, 2023 | $2B | $28.5B | $16.6B | $11.6B | Form 10-K |
| FY2022ended Dec 31, 2022 | $2.6B | $29.5B | $17.2B | $12B | Form 10-K |
| FY2021ended Dec 31, 2021 | $3.4B | $30.2B | $17.6B | $12.3B | Form 10-K |
| FY2020ended Dec 31, 2020 | $2.2B | $30.8B | $17.3B | $13.3B | Form 10-K |
| FY2019ended Dec 31, 2019 | $2B | $28.9B | $15.9B | $12.9B | Form 10-K |
| FY2018ended Dec 31, 2018 | $2.9B | $27.5B | $13.6B | $13.8B | Form 10-K |
| FY2017ended Dec 31, 2017 | $2B | $27.5B | $11.7B | $15.7B | Form 10-K |
| FY2016ended Dec 31, 2016 | $2.5B | $27.9B | $9.9B | $17.9B | Form 10-K |
Keep researching Corning
Corning Revenue and Financial FAQ
What are Corning Incorporated's annual net sales and core operating profit figures?
Corning Incorporated reported revenue of $15.6 billion for fiscal year 2025, up from $13.1 billion in fiscal 2024.
How are Corning's sales divided across its five business segments?
Optical Communications is Corning's largest segment (generating ~35% to 40% of sales), followed by Display Technologies (~25% to 28%), Specialty Materials (~14% to 16%), Environmental Technologies (~11% to 13%), and Life Sciences (~7% to 8%).
How much does Corning invest annually in Research, Development, and Engineering (RD&E)?
Corning reinvests approximately 7% to 8% of its annual net sales (roughly $1.0 billion to $1.1 billion annually) into RD&E, sustaining its long-term innovation pipeline across material science, glass composition, and optical physics at Sullivan Park Research Center.
What is Corning's dividend track record and shareholder capital return policy?
Corning pays a dependable quarterly cash dividend (yielding ~2.5% to 3.5%) and has increased its annual dividend payout for over 13 consecutive years, returning billions to shareholders through combined dividends and disciplined share repurchase programs.
What is the 'Springboard' financial plan introduced by Corning in 2024?
Introduced in 2024, Corning's 'Springboard' plan aims to add more than $3.0 billion in annualized sales and achieve a 20% operating margin by the end of 2026, driven by powerful cyclical and structural tailwinds in AI data center optical connectivity and display market recovery.
How does Corning manage capital expenditures and manufacturing capacity?
Corning manages CapEx disciplined at approximately $1.2 billion to $1.4 billion annually, building modular capacity that can be rapidly scaled up or repurposed across product lines when customer demand surges.
How do foreign currency fluctuations impact Corning's reported financial results?
Because Corning sells substantial display glass in Asian currencies (primarily the Japanese Yen), the company utilizes a comprehensive foreign exchange hedging program to protect core profitability from swings in the Yen-USD exchange rate.
What is Corning Incorporated's market capitalization on the New York Stock Exchange?
Corning Incorporated (NYSE: GLW) trades with a market capitalization generally ranging between $35 billion and $45 billion, representing an essential technology component leader in the S&P 500.
Did Corning almost go bankrupt?
Yes, in 2001. Corning had bet its entire future on manufacturing optical fiber during the dot-com boom. When the telecom bubble burst, demand vanished overnight, causing Corning's stock to crash from $113 to roughly $1, forcing a massive, painful restructuring.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Corning Revenue & Financials." CorpDigest, https://corpdigest.com/company/corning/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Corning reported $15.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/corning/financials" target="_blank" rel="noopener">CorpDigest — Corning financials</a></div>Related Financial Audits
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