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R&D at other companies

Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
$364M
Danaher logo
DanaherDHR
$412M+2.2%
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BeldenBDC
$30.09M+5.9%
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CoherentCOHR
$185.99M+23.4%
Lumentum Holdings Inc. logo
Lumentum Holdings Inc.LITE
$90.6M+19.4%
Ciena logo
CienaCIEN
$237.91M+10.7%

Segments

By segment

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Glass Innovations$92M0.0%
Optical Communications$92M+21.1%
Automotive$36M+2.9%
Life Sciences and Emerging Growth Businesses$27M+3.8%
Solar$3M-25.0%

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
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Gross margin1,6281,3923,1562,606
Operating expenses:
Selling, general and administrative expenses6085151,196986
Research, development and engineering expenses299276577546
Amortization of purchased intangibles23284656
Operating income6985731,3371,018
Interest income1252117
Interest expense(94)(83)(186)(165)

Item 1. Financial Statements

FAQ

What is Corning's R&D?
Corning (GLW) reported R&D of $299M in Q2 2026.
How has Corning's R&D changed year-over-year?
Corning's R&D increased by 8.3% year-over-year, from $276M to $299M.
What is the long-term trend for Corning's R&D?
Over 3 years (2022 to 2025), Corning's R&D has grown at a 2.0% compound annual growth rate (CAGR), from $1.05B to $1.11B.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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