73/100B106.180
USD
2.73
(2.64%)
Post Trading·106.800USD+0.620(+0.58%)
Last updated: · Delayed 15 min
Fair value108.38Plus-2%81Price 106.18135
Q4 FY2026 · Earnings report
EPS estimate 0.98Revenue estimate 5.25B
Q4 FY2026 · Earnings report
EPS estimate 0.98Revenue estimate 5.25B
Corning financials
Yes. Corning earned 2.15B USD of net income over the last twelve months, 12.1% of its revenue. It made a profit in 33 of its 41 fiscal years since 1985. Its last loss was in fiscal year 2017.
- Revenue (TTM)
- 17.72B USD
- Net income (TTM)
- 2.15B USD
- Free cash flow (TTM)
- 2.46B USD
- Cash and short-term investments
- 2.54B USD
- Total debt
- 8.20B USD
- Shareholders' equity
- 13.67B USD
Cash, debt and equity as of 30 Sept 2026.
Corning earnings
Next earnings · Q4 FY2026
EPS estimate
0.98 USD
Revenue estimate
5.25B USD
Last quarter · Q3 FY2026
EPS0.91Beat +3.3%Revenue5.08BBeat +1.1%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 1.21 | — | — | +33.02% | 6.09B | — | — | +19.95% | |
| Q2 FY2027 | 1.06 | — | — | +35.31% | 5.72B | — | — | +20.68% | |
| Q1 FY2027 | 0.91 | — | — | +30.40% | 5.23B | — | — | +20.46% | |
| Q4 FY2026 | 0.98 | — | — | +36.11% | 5.25B | — | — | +18.98% | |
| Q3 FY2026 | 0.88 | 0.91 | +3.29% | +35.82% | 5.03B | 5.08B | +1.09% | +23.93% | |
| Q2 FY2026 | 0.76 | 0.78 | +3.31% | +30.00% | 4.63B | 4.74B | +2.33% | +22.68% | |
| Q1 FY2026 | 0.69 | 0.70 | +1.16% | +29.63% | 4.30B | 4.35B | +1.09% | +25.87% | |
| Q4 FY2025 | 0.71 | 0.72 | +1.84% | +26.32% | 4.36B | 4.41B | +1.15% | +26.02% | |
| Q3 FY2025 | 0.67 | 0.67 | +0.75% | +24.07% | 4.23B | 4.10B | -3.11% | +20.91% | |
| Q2 FY2025 | 0.57 | 0.60 | +5.08% | +27.66% | 3.86B | 3.86B | +0.15% | +18.79% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 6.17 | — | — | +36.97% | 28.40B | — | — | +21.42% |
| FY2027 | 4.50 | — | — | +34.12% | 23.39B | — | — | +20.59% |
| FY2026 | 3.36 | — | — | +32.76% | 19.40B | — | — | +22.56% |
| FY2025 | 2.52 | 2.53 | +0.33% | +29.08% | 16.36B | 15.83B | -3.25% | +20.64% |
| FY2024 | 1.95 | 1.96 | +0.37% | +15.29% | 14.36B | 13.12B | -8.63% | +4.21% |
| FY2023 | 1.70 | 1.70 | -0.18% | -18.66% | 13.56B | 12.59B | -7.20% | -11.28% |
| FY2022 | 2.07 | 2.09 | +0.91% | +0.48% | 14.71B | 14.19B | -3.57% | +0.76% |
Corning growth and profitability
Full income statement- Revenue (TTM)
- 17.72B USD
- Net income (TTM)
- 2.15B USD
- Gross margin
- 36.41%
- Operating margin
- 16.63%
- Net margin
- 12.13%
Revenue / Net income
Revenue Net income Net margin
How Corning makes its money
Optical Communications6.27B 40.1%
Display Technologies2.97B 19.0%
Specialty Materials2.19B 14.0%
Automotive Products1.78B 11.4%
Life Sciences959.00M 6.1%
Polycrystalline Silicon955.00M 6.1%
All Other505.00M 3.2%
Revenue15.63B 100.0%
Cost of revenue10.12B 64.7%
Gross profit5.51B 35.3%
Research and development1.11B 7.1%
Selling and administration2.07B 13.3%
Operating income2.33B 14.9%
Tax310.00M 2.0%
Other expense425.00M 2.7%
Net income1.60B 10.2%
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
Corning revenue breakdown
By product
FY2025
40.1%Optical Communications19.0%Display Technologies14.0%Specialty Materials11.4%Automotive Products6.1%Life Sciences6.1%Polycrystalline Silicon3.2%All Other
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Optical Communications | 6.27B | 40.1% | +34.7% |
| Display Technologies | 2.97B | 19.0% | -23.4% |
| Specialty Materials | 2.19B | 14.0% | +8.7% |
| Automotive Products | 1.78B | 11.4% | — |
| Life Sciences | 959.00M | 6.1% | -2.0% |
| Polycrystalline Silicon | 955.00M | 6.1% | — |
| All Other | 505.00M | 3.2% | — |
By region
FY2025
47.3%Asia Pacific44.0%North America8.7%Europe
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Asia Pacific | 7.65B | 47.3% | +4.6% |
| North America | 7.11B | 44.0% | +27.9% |
| Europe | 1.41B | 8.7% | -0.6% |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
Corning financial health
Full balance sheet- Cash and short-term investments
- 2.54B USD
- Total debt
- 8.20B USD
- Net cash
- -5.66B USD
- Free cash flow (TTM)
- 2.46B USD
- Current ratio
- 1.72
- Debt to equity
- 0.60
- Piotroski score
- 8 / 9
- Altman Z-score
- 4.41
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
Corning valuation
- Price to earnings ratio (TTM)
- 42.47
- Forward P/E (FY2026)
- 31.61
- Price to sales (TTM)
- 5.16
- Price to book
- 6.69
- EV / EBITDA (TTM)
- 20.55
Capital structure
Market capitalization
91.46B USD
+
Total debt
8.20B USD
−
Cash and short-term investments
2.54B USD
=
Enterprise value
97.13B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
Corning against its own history
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Amphenol, Keysight Technologies, Coherent, Teledyne Technologies, Flex, and Jabil, the US Hardware, Equipment & Parts companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Below its median42.512.3296.4
- Gross marginAbove its median35.3%31.2%36.0%Against its peers: 5 of 7Peers' median 37.4%
- Operating marginAbove its median14.9%7.1%15.0%Against its peers: 4 of 7Peers' median 15.2%
- Net marginAbove its median10.2%3.9%13.5%Against its peers: 5 of 7Peers' median 13.0%
- Return on equityAbove its median13.5%4.7%15.5%Against its peers: 5 of 7Peers' median 15.8%
- Free cash flow marginAbove its median9.0%4.9%12.6%Against its peers: 4 of 7Peers' median 10.7%
- Revenue growthAbove its median19.1%-11.3%24.6%Against its peers: 4 of 7Peers' median 14.4%
- EPS growthHighest in 5 years219.0%-55.8%219.0%Against its peers: 1 of 6Peers' median 39.0%
- Debt to EBITDAAt its median2.74×1.86×3.37×Against its peers: 7 of 7Peers' median 2.15×
- Current ratioBelow its median1.591.441.67Against its peers: 5 of 7Peers' median 2.00
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
Corning dividends
- Annual dividend
- 1.12 USD
- Dividend yield (indicated)
- 1.05%
- Payout ratio
- 56.00%
- Frequency
- Quarterly
- Last payment
- 0.28 USD
- Last ex-dividend date
- 13 Nov 2026
- Last payment date
- 11 Dec 2026
Dividends per share
Corning ownership
- Institutions
- 73.84%
- Institutional holders
- 2,802 (+442)
- Free float
- 91.72%
Who owns the shares
Institutions 73.8% Others 26.2%
As of 30 Jun 2026
Shares free to trade
Free float 790.10M shares ·91.7% Closely held 71.30M shares ·8.3%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q3 2026 | 0 | 2 | 1.03K | 22.97K |
| Q2 2026 | 0 | 12 | 1.09M | 1.71M |
| Q1 2026 | 0 | 14 | 1.05M | 563.10K |
| Q4 2025 | 0 | 6 | 30.90K | 248.49K |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about Corning's financials
Source: Financial Modeling Prep