What is Corning's automotive — depreciation?

Corning (GLW) reported automotive — depreciation of $39M in Q2 2026.

What does automotive — depreciation mean?

This metric represents the systematic allocation of the cost of tangible assets used in the automotive segment over their useful lives. It reflects the wear and tear of manufacturing equipment and facilities dedicated to automotive production. Monitoring this helps understand the capital intensity of the segment's operations.

Corning (GLW) Automotive — Depreciation

Screener

Other segment segments

Glass Innovations

$150M+2.0%

Optical Communications

$77M+11.6%

Solar

$77M+196%

Life Sciences and Emerging Growth Businesses

$23M-14.8%

Similar metrics at other companies

MDTNeuroscience — Depreciation

$85M+18.1%

MDTCardiovascular — Depreciation

$67M+15.5%

DHRBiotechnology — Depreciation

$40M+5.3%

DHRDiagnostics — Depreciation

$107M+7.0%

FIXMechanical — Depreciation

$16.41M+35.7%

BSXCardiovascular — Depreciation

$89M+14.1%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.7B+143%

CapEx$422.0M+37.0%

Free cash flow$1.3B+224%

Valuation

See full

Market cap$134.98B+146%

Enterprise value$140.99B+131%

P/E71×+6.3×

P/S8×+4.1×

Profitability

See full

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:Depreciation.

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
Segment net sales	$2,072	$1,463	$471	$438	$4,444	$294	$4,738
Less:
Research, development and engineering expenses (1)	92	92	36	3	223	27	250
Depreciation (2)	77	150	39	77	343	23	366
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

Item 1. Financial Statements

FAQ

What is Corning's automotive — depreciation?: Corning (GLW) reported automotive — depreciation of $39M in Q2 2026.
What does automotive — depreciation mean?: This metric represents the systematic allocation of the cost of tangible assets used in the automotive segment over their useful lives. It reflects the wear and tear of manufacturing equipment and facilities dedicated to automotive production. Monitoring this helps understand the capital intensity of the segment's operations.