Corning (GLW) Q2 FY2026 earnings: revenue $4.5 billion, up 16.6% on the year
Corning Inc. (GLW) reported revenue of $4.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 16.6% on the same quarter a year earlier. Net income was $559 million, up 19.2% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.
Revenue
$4.5 billion
+16.6% on the year · +8.7% on the quarter
Q3 FY2024Q2 FY2026
Operating margin
15.5%
14.8% a year earlier
Q3 FY2024Q2 FY2026
Net income
$559 million
+19.2% on the year · +50.7% on the quarter
Q3 FY2024Q2 FY2026
Diluted EPS
$0.64
+18.5% on the year · +48.8% on the quarter
Q3 FY2024Q2 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 5 new.
Core sales up 17%, core EPS up 30%: Core sales were $4.74 billion, up 17% year over year, and core EPS was $0.78, up 30%. Core net income was $680 million.
Optical Communications sales up 32%: Optical Communications net sales were $2.07 billion, up 32%, and net income was $438 million, up 77% year over year.
Solar sales up 90%: Solar net sales were $438 million, up 90%, with a net loss of $7 million against net income of $2 million a year earlier.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,717
362
708
+374.3%
+142.5%
Capital expenditure
422
332
308
+27.1%
+37.0%
Free cash flow
1,295
30.0
400
+4,216.7%
+223.7%
Free cash flow margin
28.7%
0.7%
10.4%
Cash from investing
-359
-203
-301
Cash from financing
-631
59.0
-293
Depreciation and amortisation
391
357
340
+9.5%
+15.0%
Share-based compensation
135
115
63.0
+17.4%
+114.3%
Buybacks
n/a
n/a
33.0
Dividends paid
251
244
261
+2.9%
-3.8%
Dividend per share
$0.56
$0.28
$0.56
+100.0%
0.0%
Diluted shares, weighted
875m
871m
865m
+0.5%
+1.2%
Shares outstanding at period end
861m
861m
857m
+0.1%
+0.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q2 FY2026
Q1 FY2026
Q2 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
12,560
11,812
11,116
+6.3%
+13.0%
Non-controlling interest
567
537
429
+5.6%
+32.2%
Debt
8,424
8,973
7,500
-6.1%
+12.3%
Operating lease liabilities
865
852
898
+1.5%
-3.7%
Finance lease liabilities
n/a
149
n/a
Other liabilities
10,540
8,930
8,802
+18.0%
+19.7%
Total liabilities and equity
32,956
31,253
28,745
+5.4%
+14.6%
Fixed assets
14,927
14,785
13,881
+1.0%
+7.5%
Goodwill
2,476
2,479
2,492
-0.1%
-0.6%
Intangible assets
610
632
711
-3.5%
-14.2%
Cash and equivalents
2,504
1,755
1,491
+42.7%
+67.9%
Receivables
2,932
2,676
2,298
+9.6%
+27.6%
Inventory
3,426
3,279
3,084
+4.5%
+11.1%
Other assets
6,081
5,647
4,788
+7.7%
+27.0%
Total assets
32,956
31,253
28,745
+5.4%
+14.6%
Questions
What was Corning's revenue in Q2 FY2026?
Corning (GLW) reported revenue of $4.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 16.6% on the same quarter a year earlier.
How much did Corning earn in Q2 FY2026?
Net income for Q2 FY2026 was $559 million, up 19.2% on the year, and diluted earnings per share $0.64.
When did Corning report Q2 FY2026 results?
Corning filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 29 July 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 June 2026, filed 29 July 2026: the filing.