What is Corning's glass innovations — depreciation?

Corning (GLW) reported glass innovations — depreciation of $150M in Q2 2026.

What does glass innovations — depreciation mean?

This metric represents the systematic allocation of the cost of tangible assets within the Glass Innovations segment over their useful lives. It reflects the wear and tear or obsolescence of manufacturing equipment and facilities used in glass production.

Corning (GLW) Glass Innovations — Depreciation

Screener

Other segment segments

Optical Communications

$77M+11.6%

Solar

$77M+196%

Automotive

$39M-4.9%

Life Sciences and Emerging Growth Businesses

$23M-14.8%

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$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

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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: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 glass innovations — depreciation?: Corning (GLW) reported glass innovations — depreciation of $150M in Q2 2026.
What does glass innovations — depreciation mean?: This metric represents the systematic allocation of the cost of tangible assets within the Glass Innovations segment over their useful lives. It reflects the wear and tear or obsolescence of manufacturing equipment and facilities used in glass production.