CORNING INC /NY (GLW) FY2025 Annual P&L / Income Statement

CORNING INC /NY (GLW) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

15,629,000,000 US dollars

Cost of sales

10,008,000,000 US dollars

Gross margin

5,621,000,000 US dollars

Operating expenses (calculated)

3,342,000,000 US dollars

Operating income

2,279,000,000 US dollars

Other income (expense), net (calculated)

negative 227,000,000 US dollars

Income before income taxes

2,052,000,000 US dollars

Provision for income taxes (Note 15)

310,000,000 US dollars

Net income

1,742,000,000 US dollars

Optical Communications

6,274,000,000 US dollars

Display products

2,965,000,000 US dollars

Specialty material products

2,194,000,000 US dollars

Automotive products

1,777,000,000 US dollars

Life science products

959,000,000 US dollars

Polycrystalline silicon products

955,000,000 US dollars

All other products

505,000,000 US dollars

Selling, general and administrative expenses

2,122,000,000 US dollars

Amortization of purchased intangibles

110,000,000 US dollars

Research, development and engineering expenses

1,110,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to CORNING INC /NY: $1.60 B; to noncontrolling interests: $146.00 M.