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Corning GLW Operating margin

Operating margin at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
17.2%+0.8pp
Danaher logo
DanaherDHR
20.4%+2.0pp
Clearfield logo
ClearfieldCLFD
1.4%+0.9pp
Amphenol logo
AmphenolAPH
27%+4.6pp
Belden logo
BeldenBDC
11.5%+0.3pp
Optical Cable logo
Optical CableOCC
2.5%+1.6pp

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$118.84B+119%
Enterprise value$124.85B+106%
P/E62.6×-1.7×
P/S+3.2×

Profitability

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Gross margin36.4%+1.6pp
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

Calculated from Corning’s reported figures.

Based on trailing twelve months.

The source filing: Corning’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 12:22 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000024741-26-000255

FAQ

What is Corning's operating margin?
Corning (GLW) reported operating margin of 15.3% in Q2 2026.
How has Corning's operating margin changed year-over-year?
Corning's operating margin increased by 27.0% year-over-year, from 12.1% to 15.3%.
What is the long-term trend for Corning's operating margin?
Over 4 years (2020 to 2025), Corning's operating margin has grown at a 34.1% compound annual growth rate (CAGR), from 4.5% to 14.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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