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Corning GLW Optical Communications — Research, development and engineering expenses

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Glass Innovations
$92M0.0%
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$36M+2.9%
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$27M+3.8%
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$3M-25.0%

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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/S+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 glw:ResearchDevelopmentAndEngineeringExpenses.

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, 2026Optical CommunicationsGlass InnovationsAutomotiveSolarTotal Reportable SegmentsLife Sciences and Emerging Growth BusinessesTotal
Segment net sales$2,072$1,463$471$438$4,444$294$4,738
Less:
Research, development and engineering expenses (1)929236322327250
Depreciation (2)77150397734323366
Other segment items (3)1,3387742923632,7672713,038
Income tax provision (benefit) (4)12793222244(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 optical communications — research, development and engineering expenses?
Corning (GLW) reported optical communications — research, development and engineering expenses of $92M in Q2 2026.
How has Corning's optical communications — research, development and engineering expenses changed year-over-year?
Corning's optical communications — research, development and engineering expenses increased by 21.1% year-over-year, from $76M to $92M.
What is the long-term trend for Corning's optical communications — research, development and engineering expenses?
Over 2 years (2021 to 2023), Corning's optical communications — research, development and engineering expenses has grown at a 5.0% compound annual growth rate (CAGR), from $216M to $238M.
What does optical communications — research, development and engineering expenses mean?
This captures the costs incurred by the Optical Communications segment to innovate, design, and improve fiber optic and connectivity technologies. It reflects the company's commitment to maintaining a technological edge in high-speed data transmission markets. High investment levels are typically required to sustain long-term product differentiation.

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