Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Corning (GLW) delivered a strong Q1 2026 with revenue surging 20.0% YoY to $4.14B and net income more than doubling (+136.3%) to $371M, driven by broad-based demand and improved operating leverage.
Revenue
$4.14B
+20.05% YoY
EPS (Diluted)
$0.43
+138.89% YoY
Gross Margin
36.9%
+1.7 pts YoY
Operating Income
$639M
+43.60% YoY
Source: SEC XBRL
Corning (GLW) reported Q1 FY2026 revenue of $4.14B, up 20.0% year over year. Operating margin was 15.4%, up 2.5 points from 12.9% a year earlier. Operating cash flow was $362M, up 139.7% year over year. GLW's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.78 | 0.76 | Beat +2.2% |
| Mar 2026This filing | 0.70 | 0.70 | Beat +0.5% |
| Dec 2025 | 0.72 | 0.71 | Beat +1.1% |
| Sep 2025 | 0.67 | 0.67 | Miss -0.0% |
Adjusted (non-GAAP) EPS of $0.70 versus the $0.70 analyst consensus — a +0.5% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.43.
Compiled by AI from this SEC filing
Total revenue grew 20.0% YoY to $4.14B in Q1 2026 (vs. $3.45B in Q1 2025), reflecting robust demand across Corning's business segments and marking a significant acceleration in top-line growth.
Source: 10-Q Financial Data (Income Statement)
Gross margin improved 170 bps YoY to 36.9%, while operating margin expanded 253 bps to 15.4%, indicating that revenue growth is outpacing cost increases and driving meaningful operating leverage.
Source: 10-Q Financial Data (Key Ratios)
Net income surged 136.3% YoY to $371M, with diluted EPS rising from $0.18 to $0.43, reflecting both strong top-line growth and improved cost efficiency across the business.
Source: 10-Q Financial Data (Income Statement)
Operating cash flow nearly tripled YoY, rising 139.7% to $362M from $151M in Q1 2025, demonstrating that earnings growth is translating into real cash generation.
Source: 10-Q Financial Data (Cash Flow)
Total assets grew 14.1% YoY to $31.25B, supported by a 24.6% increase in current assets to $9.53B and a 29.1% rise in cash & equivalents to $1.76B, reflecting a strengthened liquidity position.
Source: 10-Q Financial Data (Balance Sheet)
Compiled by AI from this SEC filing · 0 high, 4 medium, 1 low
SG&A expenses grew 24.8% YoY to $588M, faster than the 20.0% revenue growth rate. If this trend continues, it could compress operating margins despite strong top-line performance. Management will need to demonstrate disciplined cost control as the business scales.
Source: 10-Q Financial Data (Income Statement)
The debt-to-equity ratio stands at 1.60x, indicating that Corning carries significantly more debt than equity. While manageable given the company's cash flow generation, rising interest rates or a revenue slowdown could pressure the balance sheet and limit financial flexibility.
Source: 10-Q Financial Data (Key Ratios)
Current liabilities surged 30.8% YoY to $5.92B, outpacing the 24.6% growth in current assets to $9.53B. Although the current ratio of 1.61x remains above 1.0x, the narrowing liquidity cushion warrants monitoring.
Source: 10-Q Financial Data (Balance Sheet)
ROA of 1.19% and ROE of 3.14% remain relatively modest despite the strong earnings growth this quarter, suggesting that Corning's large asset base ($31.25B) is not yet generating highly efficient returns. Sustained improvement in profitability will be needed to drive these metrics higher.
Source: 10-Q Financial Data (Key Ratios)
Total liabilities grew 16.2% YoY to $18.90B while stockholders' equity grew only 10.2% to $11.81B, meaning leverage is incrementally increasing. This dynamic could limit Corning's ability to invest in growth or return capital to shareholders if business conditions deteriorate.
Source: 10-Q Financial Data (Balance Sheet)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 4.14 $B | 3.45 $B | +20.05% |
Cost of Revenue $B | 2.62 $B | 2.24 $B | +16.89% |
Gross Profit $B | 1.53 $B | 1.21 $B | +25.86% |
Operating Income $M | 639.00 $M | 445.00 $M | +43.60% |
Net Income $M | 371.00 $M | 157.00 $M | +136.31% |
EPS (Basic) $ | 0.43 $ | 0.18 $ | +138.89% |
EPS (Diluted) $ | 0.43 $ | 0.18 $ | +138.89% |
SG&A Expense $M | 588.00 $M | 471.00 $M | +24.84% |
Answers draw on this SEC filing and the data on this page
Corning Incorporated delivered strong financial results in 2026-Q2 with GAAP net sales rising 17% YoY to $4.51B and Core EPS expanding 30% YoY to $0.78, driven by robust AI-related demand in Optical Communications.
Corning (GLW) delivered a strong FY2025, with revenue surging 19.1% to $15.6B and net income more than tripling to $1.6B, driven by significant operating leverage and margin expansion across the business.
Other companies in Electronic Components