Technology
Electronic Components
$39.82B
49.8K
Key insights and themes extracted from this filing
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.