Corning Incorporated (GLW)

Sector: Technology|Industry: Electronic Components|Market Cap: $39.82B|Employees: 49.8K


Corning Incorporated is a global materials science company specializing in glass, ceramics, and optical physics. They develop and manufacture products for various industries, including optical communications, mobile consumer electronics, and life sciences. Corning holds a leading market position in many of its product categories, with competitive advantages in materials science, manufacturing expertise, and intellectual property. They have a significant global presence with manufacturing facilities in 15 countries.

  1. Filings

Filing Highlights

Financial Performance

Net sales increased by 7% year-over-year to $3.391 billion, primarily driven by a $328 million increase in telecommunication product sales, while environmental substrate, filter products, and polycrystalline silicon product sales declined.

Gross margin increased by 13% year-over-year to $1.137 billion, and as a percentage of sales by 2 percentage points, driven by higher net sales and pricing actions.

Net loss attributable to Corning Incorporated was $(117) million, primarily due to losses on translated earnings contracts and non-cash foreign currency translation losses.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment