What is Corning's optical communications — capex?

Corning (GLW) reported optical communications — capex of $180M in Q2 2026.

What does optical communications — capex mean?

This metric measures the cash outflows used to acquire, upgrade, or maintain physical assets such as manufacturing facilities, production machinery, and specialized equipment for the optical communications segment. It reflects the company's commitment to capacity expansion and technological advancement in fiber production. High levels of expenditure often indicate anticipation of future growth or the need for significant infrastructure modernization.

Corning (GLW) Optical Communications — CapEx

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Other segment segments

Glass Innovations

$123M+11.8%

Solar

$92M+9.5%

Automotive

$16M-46.7%

Life Sciences and Emerging Growth Businesses

$9M-25.0%

Similar metrics at other companies

DYCommunications — CapEx

$62.5M-14.0%

BIndustrial — CapEx

$5.6M+16.7%

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

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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 optical communications — capex?: Corning (GLW) reported optical communications — capex of $180M in Q2 2026.
What does optical communications — capex mean?: This metric measures the cash outflows used to acquire, upgrade, or maintain physical assets such as manufacturing facilities, production machinery, and specialized equipment for the optical communications segment. It reflects the company's commitment to capacity expansion and technological advancement in fiber production. High levels of expenditure often indicate anticipation of future growth or the need for significant infrastructure modernization.