Corning Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $15.63B | $13.55B | $12.59B | $14.19B | $14.08B | $11.50B | $11.50B |
| Display Technologies | — | — | $3.77B | — | $3.31B | $3.71B | $3.17B | $3.25B |
| Optical Communications | — | — | $4.41B | — | $5.02B | $4.35B | $3.56B | $4.06B |
| Specialty Materials | — | — | $1.99B | — | $2.00B | $2.01B | $1.88B | $1.59B |
| Environmental Technologies | — | — | $1.59B | — | $1.60B | $1.57B | $1.37B | $1.50B |
| Life Sciences | — | — | $957.0M | — | $1.23B | $1.24B | $1.01B | $1.01B |
| All Other | — | — | $834.0M | — | $1.03B | $1.20B | $513.0M | $84.0M |
| Cost of Revenue | — | $10.01B | $8.84B | $8.66B | $9.68B | $9.02B | $7.77B | $7.47B |
| Gross Profit | — | $5.62B | $4.28B | $3.93B | $4.51B | $5.06B | $3.53B | $4.04B |
| Gross Margin | — | 36.0% | 31.6% | 31.2% | 31.8% | 35.9% | 30.7% | 35.1% |
| Operating Expenses | ||||||||
| Research & Development | — | $800.0M | $800.0M | $900.0M | $900.0M | $800.0M | $1.00B | $800.0M |
| SG&A Expense | — | $2.12B | $1.93B | $1.84B | $1.90B | $1.83B | $1.75B | $1.59B |
| Operating Income | — | $2.28B | $1.14B | $890.0M | $1.44B | $2.11B | $509.0M | $1.31B |
| Operating Margin | — | 14.6% | 8.4% | 7.1% | 10.1% | 15.0% | 4.4% | 11.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | — | $2.05B | $813.0M | $816.0M | $1.80B | $2.43B | $634.0M | $1.22B |
| Income Tax Expense | — | $310.0M | $221.0M | $168.0M | $411.0M | $491.0M | $111.0M | $256.0M |
| Net Income | — | $1.60B | $506.0M | $581.0M | $1.32B | $1.91B | $512.0M | $960.0M |
| Net Margin | — | 10.2% | 3.7% | 4.6% | 9.3% | 13.5% | 4.5% | 8.3% |
| EPS (Basic) | — | $1.87 | $0.59 | $0.69 | $1.56 | $1.30 | $0.54 | $1.11 |
| EPS (Diluted) | — | $1.83 | $0.58 | $0.68 | $1.54 | $1.28 | $0.54 | $1.07 |
| Shares Outstanding (Basic) | 857.9M | 855.0M | 853.0M | 848.0M | 843.0M | 828.0M | 761.0M | 776.0M |
| Shares Outstanding (Diluted) | 857.9M | 871.0M | 869.0M | 859.0M | 857.0M | 844.0M | 772.0M | 899.0M |
| Dividends Per Share | — | $1.12 | $1.12 | $1.12 | $1.08 | $0.96 | $0.88 | $0.80 |