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Corning Inc.

Logo: grmike at [[:w:|]]en.wikipedia, Public domain, via Wikimedia Commons5

American glass and ceramics manufacturer

Corning Incorporated is an American multinational technology company specializing in glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. Founded in 1851, the company was called Corning Glass Works for most of its history.3 From Wikipedia, CC BY-SA 4.0

$137.47 down 3.42 (2.43%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1851Founded1

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  • TickerGLW on NYSE1
  • Industrybiotechnology, industrial manufacturing1
  • HeadquartersCorning1
  • Websitewww.corning.com
  • Legal formNew York Business Corporation1
  • Incorporated inNY6
  • Business addressOne Riverfront Plaza, Corning, Ny 148316
  • Filer categoryLarge accelerated filer6
Corning Headquarter
Photo: No machine-readable author provided. Stilfehler assumed (based on copyright claims)., CC BY 2.5, via Wikimedia Commons8

Corning Incorporated is an American multinational technology company specializing in glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. Founded in 1851, the company was called Corning Glass Works for most of its history. Corning was known during the 20th century for its consumer product lines, such as including CorningWare and Visions Pyroceram-based cookware, Corelle Vitrelle tableware, and Pyrex glass bakeware. It divested its consumer product lines in 1998 by selling the Corning Consumer Products Company (later Corelle Brands) to Borden.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

36.0%Gross margin9
14.6%Operating margin9
10.2%Net margin9
19.1%Revenue growth, 20259
13.5%Return on equity9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Optical Communications brought in 40% of the revenue Corning Inc. broke down this way in fiscal 2025.

  1. Optical Communications$6.3B940%up 35% from 2024
  2. Display Products$3.0B919%up 9% from 2024
  3. Specialty Materials Products$2.2B914%up 10% from 2024
  4. Automotive Products$1.8B911%up 4% from 2024
  5. Life Science Products$959.0M96%up 3% from 2024
  6. Polycrystalline Silicon Products$955.0M96%up 10% from 2024
  7. Product and Service, Other$505.0M93%up 118% from 2024
Products and services by year
Products and services202320242025
Optical Communications$4.0B$4.7B$6.3B
Display Products$2.7B$2.7B$3.0B
Specialty Materials Products$1.9B$2.0B$2.2B
Automotive Products$1.8B$1.7B$1.8B
Life Science Products$922.0M$933.0M$959.0M
Polycrystalline Silicon Products$1.0B$865.0M$955.0M
Product and Service, Other$305.0M$232.0M$505.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue64¢$10.0B
  • Research and development5¢$800.0M
  • Selling, general and admin14¢$2.1B
  • Other costs5¢$793.0M
  • Income tax2¢$310.0M
  • Profit10¢$1.6B

Out of $15.6B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks6¢$163.0M
  • Kept or used elsewhere94¢$2.5B

Out of $2.7B of cash from operations.9

Financial statements

Revenue101112139$15.6B in 2025+36% since 2019
0$5.0B$10.0B$15.0B$20.0B2019: $11.5B$11.5B20192020: $11.3B$11.3B2020−2%2021: $14.1B$14.1B2021+25%2022: $14.2B$14.2B2022+1%2023: $12.6B$12.6B2023−11%2024: $13.1B$13.1B2024+4%2025: $15.6B$15.6B2025+19%
Gross profit101112139$5.6B in 2025+39% since 2019
0$2.0B$4.0B$6.0B2019: $4.0B$4.0B20192020: $3.5B$3.5B2020−12%2021: $5.1B$5.1B2021+43%2022: $4.5B$4.5B2022−11%2023: $3.9B$3.9B2023−13%2024: $4.3B$4.3B2024+9%2025: $5.6B$5.6B2025+31%
Operating income101112139$2.3B in 2025+75% since 2019
0$1.0B$2.0B$3.0B2019: $1.3B$1.3B20192020: $509.0M$509.0M2020−61%2021: $2.1B$2.1B2021+315%2022: $1.4B$1.4B2022−32%2023: $890.0M$890.0M2023−38%2024: $1.1B$1.1B2024+28%2025: $2.3B$2.3B2025+101%
Net income101112139$1.6B in 2025+66% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $960.0M$960.0M20192020: $512.0M$512.0M2020−47%2021: $1.9B$1.9B2021+272%2022: $1.3B$1.3B2022−31%2023: $581.0M$581.0M2023−56%2024: $506.0M$506.0M2024−13%2025: $1.6B$1.6B2025+215%

Every line of the income statement in the latest annual report, as filed.9

Period ending2025-12-312024-12-312023-12-31
Net sales$15.6B$13.1B$12.6B
Cost of sales$10.0B$8.8B$8.7B
Gross margin$5.6B$4.3B$3.9B
Selling, general and administrative expenses$2.1B$1.9B$1.8B
Research, development and engineering expenses$1.1B$1.1B$1.1B
Amortization of purchased intangibles$110.0M$121.0M$122.0M
Operating income$2.3B$1.1B$890.0M
Interest income$38.0M$47.0M$38.0M
Interest expense-$336.0M-$329.0M-$329.0M
Translated earnings contract gain, net (Note 13)$150.0M$83.0M$161.0M
Other (expense) income, net-$79.0M-$123.0M$56.0M
Income before income taxes$2.1B$813.0M$816.0M
Provision for income taxes (Note 15)-$310.0M-$221.0M-$168.0M
Net income$1.7B$592.0M$648.0M
Net income attributable to non-controlling interest-$146.0M-$86.0M-$67.0M
Net income attributable to Corning Incorporated$1.6B$506.0M$581.0M
Basic (Note 17) (in dollars per share)$1.87$0.59$0.69
Diluted (Note 17) (in dollars per share)$1.83$0.58$0.68

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The story

Founded by Amory Houghton Sr. in 1851.1

Corning Glass Works was founded in 1851 by Amory Houghton, in Somerville, Massachusetts, originally as the Bay State Glass Co. It later moved to Williamsburg, Brooklyn, and operated as the Brooklyn Flint Glass Works. The company moved again to its ultimate home and eponym, the city of Corning, New York, in 1868, under leadership of the founder's son, Amory Houghton Jr.

In 1915, Corning created an improved heat resistant glass formula and launched Pyrex, the first-ever consumer cooking products made with temperature-resistant glass, in 1915.

The California Institute of Technology's 200-inch (5.1 m) telescope mirror at Palomar Observatory was cast by Corning during 1934–1936, out of low expansion borosilicate glass. In 1932, George Ellery Hale approached Corning with the challenge of fabricating the required optic for his Palomar project. A previous effort to fabricate the optic from fused quartz had failed. Corning's first attempt was a failure, the cast blank having voids. Using lessons learned, Corning was successful in the casting of the second blank. After a year of cooling, during which it was almost lost to a flood, in 1935, the blank was completed. The first blank now resides in Corning's Museum of Glass.

In 1935, Corning formed a joint venture with bottle maker Owens-Illinois, creating the company now known as Owens Corning. They spun off Owens Corning as an independent company in 1938, and it went public on the New York Stock Exchange in 1952.

The company had a history of science-based innovations following World War II and the strategy by management was research and "disruptive" and "on demand" product innovation.

In 1962, Corning developed Chemcor, a new toughened automobile windshield designed to be thinner and lighter than existing windshields, which reduced danger of personal injury by shattering into small granules when smashed. This toughened glass had a chemically hardened outer layer, and its manufacture incorporated an ion exchange and a "fusion process" in special furnaces that Corning built in its Christiansburg, Virginia facility. Corning developed it as an alternative to laminated windshields with the intention of becoming an automotive industry supplier. After being installed as side glass in a limited run of 1968 Plymouth Barracudas and Dodge Darts, Chemcor windshields debuted on the 1970 model year Javelins and AMXs built by American Motors Corporation (AMC). As there were no mandatory safety standards for motor vehicle windshields, the larger automakers had no financial incentive to change from the cheaper existing products. Corning terminated its windshield project in 1971, after it turned out to be one of the company's "biggest and most expensive failures." However, like many Corning innovations, the unique process to manufacture this automotive glass was resurrected and is today the basis of their very profitable LCD glass business.

In late 1970, the company announced that researchers Robert D. Maurer, Donald Keck, Peter C. Schultz, and Frank Zimar had demonstrated an optical fiber with a low optical attenuation of 17 dB per kilometer by doping silica glass with titanium. A few years later they produced a fiber with only 4 dB/km, using germanium oxide as the core dopant. Such low attenuations made fiber optics practical for telecommunications and networking. Corning became the world's leading manufacturer of optical fiber.

In 1977, considerable attention was given to Corning's Z Glass project. Z Glass was a product used in television picture tubes. Due to a number of factors, the exact nature of which are subject to dispute, this project was considered a steep loss in profit and productivity. The following year the project made a partial recovery. This incident has been cited as a case study by the Harvard School of Business.

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In 1982, Corning purchased a 6.5 percent stake in Genentech and, as part of the same agreement, the two companies formed an equal joint venture called Genencor to develop industrial enzymes using recombinant DNA technology.

In 1998, the kitchenware division of Corning Inc. responsible for the development of Pyrex spun off from its parent company as Corning Consumer Products Company, subsequently renamed Corelle Brands. Corning Inc. no longer manufactures or markets consumer products, only industrial ones.

Company profits soared in the late 1990s during the dot-com boom, and Corning expanded its fiber operations significantly through the acquisition of telecommunications company Oak Industries and building several new plants. The company also entered the photonics market, investing heavily with the intent of becoming the leading provider of complete fiber-optic systems. Failure to succeed in photonics and the collapse in 2000 of the dot-com market had a major impact on the company, and Corning stock plummeted to $1 per share. However, as of 2007 the company had posted five straight years of improving financial performance.

In 2013, Samsung Display sold its stake in its decades-long CRT glass venture to Corning in exchange for a position in Corning stock amounting to 7.93% of the company in 2026.

From Wikipedia’s article on Corning Inc., shared under CC BY-SA 4.0.7

Leadership

Who has led Corning Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (69)

Products and brands

The turning point for Corning came when Apple approached it to develop a robust display screen for its upcoming iPhone. Later, other companies also adopted its Gorilla Glass screen. In 2011, Corning announced the expansion of existing facilities and the construction of a Gen 10 facility co-located with the Sharp Corporation manufacturing complex in Sakai, Osaka, Japan. The LCD glass substrate is produced without heavy metals. Corning is a leading manufacturer of the glass used in liquid crystal displays.

The company continues to produce optical fiber and cable for the communications industry at its Wilmington and Concord plants in North Carolina. It is also a major manufacturer of ceramic emission control devices for catalytic converters in cars and light trucks that use gasoline engines. The company is also investing in the production of ceramic emission control products for diesel engines as a result of tighter emission standards for those engines both in the U.S. and abroad.

In 2007, Corning introduced an optic fiber, ClearCurve, which uses nanostructure technology to facilitate the small radius bending found in FTTX installations.

Gorilla Glass, an outgrowth of the 1960s Chemcor project, is a high-strength alkali-aluminosilicate thin sheet glass used as a protective cover glass offering scratch resistance and durability in many touchscreens. According to the book Steve Jobs by Walter Isaacson, Gorilla Glass was used in the first iPhone released in 2007.

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On October 25, 2011, Corning unveiled Lotus Glass, an environmentally friendly and high-performance glass developed for OLED and LCD displays.

Corning invests about 10% of revenue in research and development, and has allocated US$300 million towards further expansion of its Sullivan Park research facility near headquarters in Corning, New York.

Corning Incorporated manufactures a high-purity fused silica employed in microlithography systems, a low expansion glass utilized in the construction of reflective mirror blanks, windows for U.S. Space Shuttles, and Steuben art glass. The number of Corning facilities employing the traditional tanks of molten glass has declined over the years, but it maintains the capacity to supply bulk or finished glass of many types.

Corning is engaged in research and development on green lasers, mercury abatement, microreactors, photovoltaics, and silicon on glass. Through its Life Sciences division, the company offers products to support life science research, including stem-cell culture products.

In September 2019, Apple announced that it would invest $250 million in Corning, in an effort to develop and manufacture the glass needed for many of its products, including the iPhone, Apple Watch, and iPad. Though not confirmed by either company, the investment could be used to develop new products in the future. Apple had already invested $200 million in Corning in 2017.

In November 2024, The European Commission announced that Corning Inc. was under investigation for potential antitrust violations related to exclusive supply agreements with mobile phone manufacturers and raw glass processors, which may hinder competition in the specialty glass market.

In May 2026, Corning and Nvidia announced a partnership, with Nvidia investing up to $3.2 billion to build three advanced manufacturing facilities dedicated to optical technologies in North Carolina and Texas.

From Wikipedia’s article on Corning Inc., shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Subsidiaries

  • Alliance Fiber Optic Products
  • Corning
  • Corning (Israel)
  • Corning (South Korea)
  • Ibwave solutions

From Wikidata.1

Employees over time

  • 201746,2001

Former names

  • Corning Glass Worksuntil 19901

Timeline

  1. Apr 29, 2005New chief executive Wendell Weeks becomes CEO17
  2. Jul 24, 2003New chief executive James R. Houghton becomes CEO18
  3. Jul 24, 2003New chief executive Larry Aiello becomes CEO19
  4. 1851Founded Founded1

Recent filings

  1. Oct 1, 20264 PRIMARY DOCUMENT
  2. Oct 1, 20264 PRIMARY DOCUMENT
  3. Oct 1, 20264 PRIMARY DOCUMENT
  4. Oct 1, 20264 PRIMARY DOCUMENT
  5. Sep 11, 2026424B5
  6. Sep 11, 20268-K
  7. Sep 8, 20264 PRIMARY DOCUMENT
  8. Sep 4, 2026144
  9. Sep 4, 20268-K CURRENT REPORT
  10. Aug 31, 20264 PRIMARY DOCUMENT
  11. Aug 28, 2026144
  12. Jul 29, 202610-Q
  13. Jul 28, 20268-K
  14. Jul 1, 20264 PRIMARY DOCUMENT
  15. Jul 1, 20264 PRIMARY DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

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