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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
19.2%-1.0pp
Amphenol logo
AmphenolAPH
25.8%+4.9pp
Amkor Technology logo
Amkor TechnologyAMKR
7.6%+1.3pp
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
9.5%+5.7pp
Entegris logo
EntegrisENTG
14.7%-1.9pp

Other financials

Income statement

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Revenue$4.1B+20.1%
Gross profit$1.5B+25.9%
Operating income$639.0M+43.6%
Net income$371.0M+136%
EPS (diluted)$0.43+139%

Balance sheet

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Cash & equivalents$1.8B+29.1%
Total debt$248.0M-96.6%
Total equity$11.8B+10.2%
Total assets$31.3B+14.1%

Cash flow

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Operating cash flow$362.0M+140%
CapEx$332.0M+59.6%
Free cash flow$30.0M+153%

Valuation

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Market cap$150.96B+198%
Enterprise value$149.45B+155%
P/E83.4×-28.3×
P/S9.3×+5.5×

Profitability

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Gross margin36.4%+3.3pp
Net margin11.1%+7.8pp

Returns & leverage

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Return on equity16.1%+11.9pp
Debt / equity-0.7×
Current ratio1.6×-0.1×

Where this comes from

Calculated from Corning’s reported figures.

Based on trailing twelve months.

The official record: Corning’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Corning's operating margin?
Corning (GLW) reported operating margin of 15.2% in Q1 2026.
How has Corning's operating margin changed year-over-year?
Corning's operating margin increased by 55.4% year-over-year, from 9.8% to 15.2%.
What is the long-term trend for Corning's operating margin?
Over 2 years (2023 to 2025), Corning's operating margin has grown at a 22.7% compound annual growth rate (CAGR), from 33.1% to 49.8%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.