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Corning Inc.

GLW · Information Technology

Last earnings Oct 27, 2026

Key results

Operating marginquarter

14.4%

operating margin was 14.4%, and GAAP operating cash flow was $784 million.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Revenuequarter

$4.27 billion

Third-quarter core results Sales were $4.27 billion, EPS was $0.67, operating margin was 19.6%, and adjusted free cash flow was $535 million.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

EPSquarter

$0.67

Third-quarter core results Sales were $4.27 billion, EPS was $0.67, operating margin was 19.6%, and adjusted free cash flow was $535 million.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Adjusted free cash flowquarter

$535 million

Third-quarter core results Sales were $4.27 billion, EPS was $0.67, operating margin was 19.6%, and adjusted free cash flow was $535 million.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Year over year, core sales grew 14% while core operating margin expanded 130 basis points to 19.6%, core EPS grew 24%, and core ROIC grew 160 basis points to 13.4%.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Additionally, we delivered strong adjusted free cash flow of $535 million.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Springboard operating marginquarter

20%

Additionally, we are on track to achieve our Springboard operating margin target of 20% in the fourth quarter, a year ahead of plan.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

GAAP operating marginquarter

14.4%

GAAP operating margin was 14.4%.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Core operating marginquarter

19.6%

Core operating margin was 19.6%.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

GAAP operating cash flow was $784 million, and adjusted free cash flow was $535 million.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

AI analysis

Q3 2025 · reported Oct 28, 2025

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q3 2025
$4.27B
EX-99 · Oct 28, 2025
EPS · Q3 2025
$0.67
EX-99 · Oct 28, 2025
Adjusted free cash flow · Q3 2025
$535M
EX-99 · Oct 28, 2025
Operating margin · Q3 2025
14.4%
EX-99 · Oct 28, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Operating margin14.4%——
Revenue$4.27 billion——
EPS$0.67——
Adjusted free cash flow$535 million——
Springboard operating margin20%——
GAAP operating margin14.4%——
Core operating margin19.6%——

EX-99 · Oct 28, 2025

Guidance · company-stated

No guidance located in the held release

Outlook statement

“Optical Communications Q3 2026 Q2 2026 Q3 2025 Q Q Y Y Net Sales $2,379 $2,072 $1,652 15 % 44 % Net Income $532 $438 $295 21 % 80 % Glass Innovations Q3 2026 Q2 2026 Q3 2025 Q Q Y Y Net Sales $1,506 $1,463 $1,560 3 % (3 %) Net Inco”

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin14.4%
Springboard operating margin20%
GAAP operating margin14.4%
Core operating margin19.6%

Cash flow & capex

Adjusted free cash flow$535M

Capital allocation

Core operating income13.4 %

Differences between GAAP and core EPS include non-cash, mark-to-market adjustments associated with the company s translated earnings contracts and foreign-denominated debt as well as constant currency adjustments.

Company-stated claims

Oct 27, 2026

Forward-looking · double · revenue · by the end of 2030

“Ed Schlesinger, executive vice president and chief financial officer, said, When we upgraded Springboard in May, we laid out a path to double our annualized sales run rate from $20 billion to $40 billion by the end of 2030.”

EX-99 · Oct 27, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Third-quarter core results Sales were $4.27 billion, EPS was $0.67, operating margin was 19.6%, and adjusted free cash flow was $535 million

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Differences between GAAP and core EPS include non-cash, mark-to-market adjustments associated with the company s translated earnings contracts and foreign-denominated debt as well as constant currency adjustments.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

These forward-looking statements relate to, among other things, the Company s Springboard plan, the company s future operating performance, the company s share of new and existing markets, the company s revenue and earnings growth rates, the company s ability to innovate and commercialize new products, the company s expected capital expenditure and the company s implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the company s manufacturing capacity.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Items that are excluded from certain core performance calculations include the impact of translating the foreign denominated debt, the impact of the translated earnings contracts, acquisition-related costs, certain discrete tax items and other tax-related adjustments, restructuring, impairment and other charges and credits, certain litigation, regulatory and other legal matters, pension mark-to-market adjustments and other items which do not reflect the ongoing operating results of the Company.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

These hedging instruments may include, but are not limited to, foreign exchange forward or option contracts and foreign-denominated debt.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

We define core ROIC as the after-tax core operating income, inclusive of core equity earnings from affiliated companies, as a percentage of invested capital, calculated as total equity plus total long-term debt.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Three months ended September 30, 2025 2024 Core operating income (1) $ 838 $ 682 Core equity earnings in affiliated companies (2) $ 3 $ 7 Core operating income before interest and taxes $ 841 $ 689 Less Income tax (3) $ 164 $ 132 Core operating income tax adjusted $ 677 $ 557 Equity $ 12,005 $ 11,467 Debt $ 8,219 $ 7,408 Invested capital $ 20,224 $ 18,875 Core ROIC 13.4 % 11.8 % (1) Refer to the reconciliation of operating income as reported in our GAAP results to core operating income within the Reconciliation of non-GAAP measures.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Strategy & priorities

Ed Schlesinger, executive vice president and chief financial officer, said, Our outstanding third-quarter results reflect sales growth and margin expansion across multiple businesses.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

These forward-looking statements relate to, among other things, the Company s Springboard plan, the company s future operating performance, the company s share of new and existing markets, the company s revenue and earnings growth rates, the company s ability to innovate and commercialize new products, the company s expected capital expenditure and the company s implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the company s manufacturing capacity.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

and other countries, and related impacts on our businesses global supply chains and strategies changes in macroeconomic and market conditions and market volatility, including developments and volatility arising from health crisis events, inflation, interest rates, the value of securities and other financial assets, precious metals, oil, natural gas, raw materials and other commodity prices and exchange rates (particularly between the U.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Risks & headwinds

Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to global economic trends, competition and geopolitical risks, or an escalation of sanctions, tariffs or other trade tensions between the U.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Items that are excluded from certain core performance calculations include the impact of translating the foreign denominated debt, the impact of the translated earnings contracts, acquisition-related costs, certain discrete tax items and other tax-related adjustments, restructuring, impairment and other charges and credits, certain litigation, regulatory and other legal matters, pension mark-to-market adjustments and other items which do not reflect the ongoing operating results of the Company.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

(7) Litigation, regulatory and other legal matters Amount reflects developments in commercial litigation, intellectual property disputes, adjustments to our estimated liability for environmental-related items and other legal matters.

SEC original ↗Corning Inc. — Earnings release (8-K exhibit)EX-99Oct 28, 2025

Competitors

Competitors & peers

Named in the company’s own filings

Amphenol (APH)“Our principal competitors include Amphenol, Fujikura and their subsidiary America Fujikura Ltd., Sumitomo and Prysmian Group S.p.A.”Thermo Fisher Scientific (TMO)“Our principal competitors include Thermo Fisher Scientific Inc., Avantor, Inc., Greiner AG, Eppendorf SE, Sarstedt AG & Co.”Avantor, Inc. (AVTR)“Our principal competitors include Thermo Fisher Scientific Inc., Avantor, Inc., Greiner AG, Eppendorf SE, Sarstedt AG & Co.”Danaher Corporation (DHR)“KG and Danaher Corporation.”
Documents

Filings

62 documents

Earnings releases

19 documents

Presentations

0 documents

No presentations for Corning Inc. are held in this edition of the library.

Transcripts

0 documents

No transcripts for Corning Inc. are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Corning Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.