Tax
Income Tax
Corning Income Tax decreased by 29.2% to $121.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 120.0%, from $55.00M to $121.00M. Over 3 years (FY 2022 to FY 2025), Income Tax shows a downward trend with a -9.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
income_tax_expenseHistorical Data
17 periods
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $102.75M | $102.75M | $102.75M | $102.75M | $42.00M | $42.00M | $42.00M | $42.00M | $71.00M | $50.00M | $0.00 | $100.00M | $55.00M | $84.00M | $0.15 | $171.00M | $121.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -59.1% | +0.0% | +0.0% | +0.0% | +69.0% | -29.6% | -100.0% | — | -45.0% | +52.7% | -100.0% | >999% | -29.2% |
| YoY Change | — | — | — | — | -59.1% | -59.1% | -59.1% | -59.1% | +69.0% | +19.0% | -100.0% | +138.1% | -22.5% | +68.0% | — | +71.0% | +120.0% |
Range$0.00 – $171.00M
CAGR+4.2%
Avg YoY Growth+10.5%
Median YoY Growth-1.7%
Business Segments
| Segment | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Optical Communications | -$38.00M | -$24.00M | -$25.00M | -$28.00M | -$41.00M | -$49.00M | $58.00M | $110.00M |
| Glass Innovations | — | — | — | — | — | — | — | $85.00M |
| Automotive | — | — | — | — | — | — | — | $18.00M |
| Life Sciences and Emerging Growth Businesses | — | — | — | — | — | — | — | -$7.00M |
| Solar | — | — | — | — | — | — | — | $6.00M |
| Total | $42.00M | $42.00M | $42.00M | $71.00M | $50.00M | $0.00 | $55.00M | $121.00M |
Income Tax at Other Companies
Frequently Asked Questions
- What is Corning's income tax?
- Corning (GLW) reported income tax of $121.00M in Q1 2026.
- How has Corning's income tax changed year-over-year?
- Corning's income tax increased by 120.0% year-over-year, from $55.00M to $121.00M.
- What is the long-term trend for Corning's income tax?
- Over 3 years (2022 to 2025), Corning's income tax has grown at a -9.0% compound annual growth rate (CAGR), from $411.00M to $310.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.