CORNING INC /NY
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
GLW$112.13-3.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income Consolidated Statements of Comprehensive Income
| Consolidated Statements of Income | Corning Incorporated and Subsidiary Companies |
|---|
| Year ended December 31, | |||
|---|---|---|---|
| (in millions, except per share amounts) | 2025 | 2024 | 2023 |
| Net sales | $15,629 | $13,118 | $12,588 |
| Cost of sales | 10,008 | 8,842 | 8,657 |
| Gross margin | 5,621 | 4,276 | 3,931 |
| Operating expenses: | |||
| Selling, general and administrative expenses | 2,122 | 1,931 | 1,843 |
| Research, development and engineering expenses | 1,110 | 1,089 | 1,076 |
| Amortization of purchased intangibles | 110 | 121 | 122 |
| Operating income | 2,279 | 1,135 | 890 |
| Interest income | 38 | 47 | 38 |
| Interest expense | (336) | (329) | (329) |
| Translated earnings contract gain, net (Note 13) | 150 | 83 | 161 |
| Other (expense) income, net | (79) | (123) | 56 |
| Income before income taxes | 2,052 | 813 | 816 |
| Provision for income taxes (Note 15) | (310) | (221) | (168) |
| Net income | 1,742 | 592 | 648 |
| Net income attributable to non-controlling interest | (146) | (86) | (67) |
| Net income attributable to Corning Incorporated | $1,596 | $506 | $581 |
| Earnings per common share available to common shareholders: | |||
| Basic (Note 17) | $1.87 | $0.59 | $0.69 |
| Diluted (Note 17) | $1.83 | $0.58 | $0.68 |
| Consolidated Statements of Comprehensive Income | Corning Incorporated and Subsidiary Companies |
|---|
| Year ended December 31, | |||
|---|---|---|---|
| (in millions) | 2025 | 2024 | 2023 |
| Net income | $1,742 | $592 | $648 |
| Foreign currency translation adjustments and other (Note 16) | 383 | (588) | (230) |
| Unamortized (losses) gains and prior service (costs) credits for postretirement benefit plans | (49) | 184 | (24) |
| Realized and unrealized gains (losses) on derivatives | 104 | (91) | 36 |
| Other comprehensive income (loss), net of tax | 438 | (495) | (218) |
| Comprehensive income | 2,180 | 97 | 430 |
| Comprehensive income attributable to non-controlling interest | (146) | (86) | (67) |
| Comprehensive income attributable to Corning Incorporated | $2,034 | $11 | $363 |
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