What does automotive — investment in affiliated companies mean?

This metric represents the carrying value of the company's equity investments in joint ventures or other entities within the automotive space. It reflects the strategic partnerships and collaborative efforts the company maintains to expand its automotive market reach. Changes in this value indicate new investments, divestments, or adjustments to the value of existing partnerships.

Corning (GLW) Automotive — Investment in affiliated companies

Screener

Other segment segments

Life Sciences and Emerging Growth Businesses

$156M—

Glass Innovations

$112M—

Optical Communications

$5M—

Solar

$0—

Similar metrics at other companies

XOMNon-U.S. — Investments in equity companies

$24.77B-3.8%

DUKOther — Investments in equity method unconsolidated affiliates

$139M+2.2%

DUKGas Utilitiesand Infrastructure — Investments in equity method unconsolidated affiliates

$186M-28.2%

DUKElectric Utilitiesand Infrastructure — Investments in equity method unconsolidated affiliates

$28M-71.1%

MSInvestment Management — Investments

$2.18B+9.6%

GMGMI — Equity in net assets of nonconsolidated affiliates (Note 7)

$1.01B-32.9%

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:EquityMethodInvestments.

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

June 30, 2026	Optical Communications	Glass Innovations	Automotive	Solar	Total Reportable Segments	Life Sciences and Emerging Growth Businesses	Total
Investment in affiliated companies	$5	$112	—	—	$117	$156	$273
Segment assets (1)	$4,737	$9,240	$2,335	$3,029	$19,341	$1,424	$20,765
December 31, 2025
Investment in affiliated companies	$5	$114	—	—	$119	$183	$302
Segment assets (1)	$4,029	$9,236	$2,395	$2,734	$18,394	$1,470	$19,864

Item 1. Financial Statements

FAQ

What is Corning's automotive — investment in affiliated companies?: Corning (GLW) reported automotive — investment in affiliated companies of $0 in Q2 2026.
What does automotive — investment in affiliated companies mean?: This metric represents the carrying value of the company's equity investments in joint ventures or other entities within the automotive space. It reflects the strategic partnerships and collaborative efforts the company maintains to expand its automotive market reach. Changes in this value indicate new investments, divestments, or adjustments to the value of existing partnerships.