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CorningGLW

Legal name
Corning Inc.
Sector
Other
Industry
Drawing & Insulating of Nonferrous Wire
Exchange
NYSE

Stock Price $GLW

Latest filings

You are here#32 of 88 in Technology by market cap

Filing record · 2016–202610-K1110-Q338-K111

GLW filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 111 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jul ’16Jul ’16
  2. FY2018 annual report10-K · Feb ’19Feb ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Oct ’25Oct ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $15.63B
YoY changeLargest recent move+24.6%in FY21Latest +19.1%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All GLW Financial Metrics59 metrics

Income Statement14

Balance Sheet27

Cash Flow13

Per Share5

02—Overview

Corning Financial Overview 2021–2025

Updated Nov 2, 2026

Corning’s Optical Communications segment posted a 35% sales surge in FY2025, fueled directly by exploding enterprise demand for Generative AI datacenter interconnects. This rapid adoption shifts the company's investment narrative from a cyclical components supplier to a critical enabler of the artificial intelligence hardware build-out.

The underlying momentum is fundamentally reshaping the top line. Net sales grew from $14.1 billion in FY2021 to $15.6 billiona in FY2025, fully shaking off the severe inventory drawdowns that previously dragged revenue down by 11% in FY2023. Growth accelerated further into the new fiscal year, with total sales climbing 20% to $4.14 billion in Q1 2026 while gross margins expanded to 37%. Management also executed its targeted "Springboard" turnaround plan a full year ahead of schedule, proving its ability to offset traditional softness in the heavy-duty automotive and display markets.

The market has aggressively priced in this structural inflection. At the close of FY2025, the stock traded at $87.56b with a premium 47.8x price-to-earnings multiple. Institutional conviction was further solidified in May 2026 when NVIDIA invested $500 million in warrants—priced at up to $180.00 per share—to secure domestic manufacturing capacity, demonstrating that Corning's specialized optical fiber is foundational to next-generation computing infrastructure.

Recent Developments (Q2 and Q3 2026)

Growth sharply accelerated, punctuated by a Q3 2026 beat where core sales jumped 19% to $5.08 billionc. The Optical Communications segment remained the primary engine, with segment sales soaring 44% to $2.38 billion as generative AI product revenues surged over 100%. Profitability scaled alongside volume, pushing core gross margins to 40.5%. Management capitalized on this momentum by projecting a $40 billion annualized sales run rate by 2030 and securing four major telecom agreements.

Bulls highlight the rapidly scaling Solar segment, which expanded 37% in Q3 2026, as proof of sustainable multi-segment growth. Conversely, bears caution that the recent $2 billiond at-the-market equity program threatens dilution, especially with the stock richly priced at a 70.4x price-to-earnings multiple as of October 29, 2026.

What to watch: stock issuance under the new equity program; margin impacts from scaling domestic fiber facilities.

03—Filings

Recent SEC Filings

  1. 8-KCorning 8-K Report, Financial Results (Oct 27, 2026)Corning Incorporated reported outstanding third-quarter 2026 results, exceeding its own guidance and demonstrating significant year-over-year growth. Core sales increased by 19% to $5.08 billion, with core earnings per share (EPS) growing at nearly double that rate to $0.91. This performance was largely driven by the Optical Communications segment, which saw a 44% surge in sales, fueled by an 84% increase in Enterprise Networks and over 100% growth in Gen AI product sales. The company also reported strong 37% growth in its Solar segment, despite a slightly slower ramp than anticipated, and expects this segment to become a significant revenue stream. Looking ahead, Corning provided a positive outlook for the fourth quarter of 2026, projecting core sales growth of approximately 19% year-over-year, reaching between $5.2 billion and $5.3 billion, with core EPS expected to grow around 36% year-over-year to $0.96-$1.00. The company highlighted that these strong results and outlook signal the commencement of the growth acceleration outlined in its "20-30-40" Springboard Plan. Furthermore, Corning secured four long-term, multi-billion-dollar customer agreements in the third quarter, including with major players like Verizon and AT&T, reinforcing the company's growth trajectory and customer commitment.
  2. 8-KCorning 8-K Report, Corporate Update (Sep 11, 2026)Corning Incorporated (GLW) announced on September 11, 2026, that it has entered into an Equity Distribution Agreement with Goldman Sachs & Co. LLC to establish an "at the market" equity offering program. This agreement allows Corning to sell up to $2 billion of its common stock over time through Goldman Sachs acting as a sales agent. The primary purpose of this offering is to raise capital for general corporate purposes. The timing and volume of stock sales will be determined by Corning based on market conditions, stock price, and its capital needs. This strategic move provides Corning with flexibility to access the capital markets efficiently as required, while Goldman Sachs will earn a 1.0% commission on gross proceeds from sales.
  3. 8-KCorning 8-K Report, Regulation FD Disclosure (Sep 4, 2026)Corning Incorporated (GLW) has filed an 8-K report to disclose that its Executive Vice President and Chief Financial Officer, Edward A. Schlesinger, will be presenting at the Citi 2026 Global TMT Conference on September 9, 2026. The presentation is expected to cover the company's recent business performance, progress on its strategic 'Springboard' plan, and insights into market trends and demand drivers across its various business segments.
  4. 8-KCorning 8-K Report, Financial Results (Jul 28, 2026)Corning Incorporated (NYSE: GLW) reported second-quarter 2026 results that management characterizes as strong, with GAAP net sales of $4.51 billion (up 17% year over year) and core sales of $4.74 billion (up 17%). GAAP diluted EPS was $0.64 (up 19%), and core EPS was $0.78 (up 30%). Growth was led by Optical Communications, where sales rose 32% to $2.07 billion, including a 65% increase in Enterprise Networks, and Solar, where sales rose 90% to $438 million. Core gross margin expanded 120 basis points to 39.6%, core operating margin expanded 190 basis points to 20.9%, and core ROIC improved to 14.9%. Adjusted free cash flow was $1.42 billion. Notably, GAAP operating cash flow included a sizable increase in customer deposits and government incentives ($880 million in the quarter), which investors should consider when assessing the quality of cash generation. Management reaffirmed and upgraded its internal Springboard Plan, targeting annualized sales run rates of $20 billion by end-2026, $30 billion by end-2028, and $40 billion by end-2030, implying a 19% sales CAGR from Q4 2026 to Q4 2030. The company cited a multiyear, multibillion-dollar supply agreement with Amazon for optical fiber, cable and connectivity solutions, and a long-term NVIDIA partnership under which Corning will expand U.S. optical connectivity manufacturing capacity 10x and U.S. fiber capacity by more than 50%. For Q3 2026, management guided to core sales of $4.9 to $5.0 billion (about 16% growth) and core EPS of $0.85 to $0.89 (about 28% growth), and expects Solar profitability to improve as its ramp continues toward more than $3 billion in revenue. Key considerations include the Springboard targets, which are internal aspirations rather than formal guidance; the heavy reliance on AI-driven optical demand; the Solar segment, which posted a GAAP net loss of $7 million in Q2 and depends on successful ramp execution; and the rising leverage and non-GAAP adjustments, including a new 'adjustment for hedged exposures' that replaced the prior constant-currency methodology and makes year-over-year growth comparisons less like-for-like. The filing also shows GAAP net income attributable to Corning rose to $559 million, and total debt increased to $8.4 billion. This 8-K furnishes the earnings release under Item 2.02 and is not deemed filed for Section 18 purposes.
  5. 8-KCorning 8-K Report, Regulation FD Disclosure (May 15, 2026)Corning Incorporated (GLW) has filed a Form 8-K on May 15, 2026, primarily to disclose its participation in the J.P. Morgan 2026 Global Technology, Media and Communications Conference. Key executives, including CFO Edward A. Schlesinger and COO Avery (Hal) Nelson III, are scheduled to speak on May 19, 2026, at 9:25 AM ET. The presentation will offer business updates, and investors can access a live audio webcast through Corning's investor relations website. A replay and transcript will be available for a year post-presentation, allowing for convenient access to the information shared.
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04—See also

Related Companies

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