What is Corning's automotive — capex?

Corning (GLW) reported automotive — capex of $16M in Q2 2026.

What does automotive — capex mean?

This metric tracks the funds used by the automotive segment to acquire, upgrade, and maintain physical assets such as property, plants, and equipment. It reflects the segment's investment in future growth and manufacturing capacity. High capital expenditure is often required to scale production for new automotive technologies.

Corning (GLW) Automotive — CapEx

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Other segment segments

Optical Communications

$180M+107%

Glass Innovations

$123M+11.8%

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$92M+9.5%

Life Sciences and Emerging Growth Businesses

$9M-25.0%

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BAerospace — CapEx

$8.2M+120%

DKSDICK’S — CapEx

$294.87M+11.4%

LZBRetail — CapEx

$12.12M+29.5%

LZBWholesale — CapEx

$6.84M-39.1%

Other financials

Income statement

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Revenue$4.5B+16.6%

Gross profit$1.6B+17.0%

Operating income$698.0M+21.8%

Net income$559.0M+19.2%

EPS (diluted)$0.64+18.5%

Balance sheet

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Cash & equivalents$2.5B+67.9%

Total debt$8.5B+12.0%

Total equity$12.6B+13.0%

Total assets$33.0B+14.6%

Cash flow

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Operating cash flow$1.7B+143%

CapEx$422.0M+37.0%

Free cash flow$1.3B+224%

Valuation

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Market cap$134.98B+146%

Enterprise value$140.99B+131%

P/E71×+6.3×

P/S8×+4.1×

Profitability

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Gross margin36.4%+1.6pp

Operating margin15.3%+3.3pp

Net margin11.2%+5.2pp

FCF margin14.1%+5.7pp

Returns & leverage

See full

Return on equity16.1%+8.2pp

Debt / equity0.7×0.0×

Current ratio1.8×+0.3×

Where this comes from

Reported directly by Corning in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The source filing: Corning’s 10-Q, filed July 29, 2026.

Filed: Jul 29, 2026, 12:22 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000024741-26-000255

Three months ended June 30, 2026	Optical Communications	Glass Innovations	Automotive	Solar	Total Reportable Segments	Life Sciences and Emerging Growth Businesses	Total
Other segment items (3)	1,338	774	292	363	2,767	271	3,038
Income tax provision (benefit) (4)	127	93	22	2	244	(6)	238
Segment net income (loss)	$438	$354	$82	$(7)	$867	$(21)	$846
Capital expenditures	$180	$123	$16	$92	$411	$9	$420
Three months ended June 30, 2025
Segment net sales	$1,566	$1,443	$460	$231	$3,700	$345	$4,045
Less:
Research, development and engineering expenses (1)	76	92	35	4	207	26	233

Item 1. Financial Statements

FAQ

What is Corning's automotive — capex?: Corning (GLW) reported automotive — capex of $16M in Q2 2026.
What does automotive — capex mean?: This metric tracks the funds used by the automotive segment to acquire, upgrade, and maintain physical assets such as property, plants, and equipment. It reflects the segment's investment in future growth and manufacturing capacity. High capital expenditure is often required to scale production for new automotive technologies.