OverviewSuggest Edit

Corning is a company providing specialty glasses, ceramics, and optical physics products. It operates in 5 segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) that are used primarily in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment provides optical fiber, cable, and connectivity solutions. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile applications. The Specialty Materials segment manufactures products that provide formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment offers consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment.
TypePublic
Founded1851
HQCorning, NY, US
Websitecorning.com
Employee Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Dec 2020)50,110(+2%)
Job Openings1,199
Revenue (FY, 2020)$11.3 B(-1%)
Share Price (Jul 2021)$41.2(+2%)
Cybersecurity ratingBMore

Key People/Management at Corning

Wendell P. Weeks

Wendell P. Weeks

Chairman & Chief Executive Officer
Eric S. Musser

Eric S. Musser

President & Chief Operating Officer
Jeffrey Evenson

Jeffrey Evenson

Executive Vice President & Chief Strategy Officer
Stefan Becker

Stefan Becker

Senior Vice President & Operations Controller
Martin J. Curran

Martin J. Curran

Executive Vice President & Corning Innovation Officer
Robert P. France

Robert P. France

Senior Vice President, Human Resources
Show more

Corning Office Locations

Corning has offices in Corning, Big Flats, Canton, Charlotte and in 83 other locations
Corning, NY, US (HQ)
1 Riverfront Plaza
Big Flats, NY, US
271 County Rd 64
Canton, NY, US
334 Co Rd 16
Charlotte, NC, US
4200 Corning Pl
Christiansburg, VA, US
3050 N Franklin St
Corning, NY, US
1 W Market St
Show all (101)

Corning Financials and Metrics

Corning Revenue

Embed Graph
View revenue for all periods
Corning's revenue was reported to be $11.3 b in FY, 2020
USD

Revenue (Q1, 2021)

3.3b

Gross profit (Q1, 2021)

1.2b

Gross profit margin (Q1, 2021), %

35.1%

Net income (Q1, 2021)

599.0m

EBIT (Q1, 2021)

502.0m

Market capitalization (23-Jul-2021)

35.1b

Closing stock price (23-Jul-2021)

41.2

Cash (31-Mar-2021)

2.9b

EV

40.0b
Corning's current market capitalization is $35.1 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

10.1b11.3b11.5b11.3b

Revenue growth, %

8%12%2%

Cost of goods sold

6.1b6.8b7.5b7.8b

Gross profit

4.0b4.5b4.0b3.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.5b2.7b3.0b2.8b2.9b2.9b2.4b2.6b3.0b3.3b

Cost of goods sold

1.5b1.7b1.8b1.7b1.9b1.9b1.8b1.8b2.0b2.1b

Gross profit

955.0m1.1b1.2b1.1b1.1b1.0b561.0m756.0m1.0b1.2b

Gross profit Margin, %

38%39%41%39%36%35%23%30%33%35%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

4.3b2.4b2.4b2.7b

Accounts Receivable

1.8b1.9b1.8b2.1b

Inventories

1.7b2.0b2.3b2.4b

Current Assets

8.8b7.0b7.5b8.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

3.1b2.0b1.9b1.5b1.2b971.0m2.0b2.2b2.5b2.9b

Accounts Receivable

1.7b1.8b2.0b2.0b2.1b2.0b1.7b1.7b2.1b1.9b

Inventories

1.8b1.9b1.9b2.2b2.3b2.3b2.3b2.2b2.6b2.4b

Current Assets

7.7b6.5b6.6b6.3b6.3b6.2b6.9b6.8b8.1b8.1b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(497.0m)1.1b960.0m512.0m

Depreciation and Amortization

1.2b1.3b1.5b1.5b

Inventories

(170.0m)(346.0m)(298.0m)423.0m

Accounts Payable

169.0m358.0m36.0m57.0m
USDFY, 2017

Revenue/Employee

219.0k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x
Show all financial metrics

Corning Operating Metrics

FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

105108116

Manufacturing Space, sq. ft.

32.6 m35.5 m38.1 m

Patents Issued

10.9 k11.6 k12.5 k

Patents (US)

4.56 k4.4 k4.6 k
Show all operating metrics

Corning Acquisitions / Subsidiaries

Company NameDateDeal Size
3M CommunicationDecember 11, 2017$900 m
SpiderCloud WirelessJuly 19, 2017
STRAN TechnologiesDecember 20, 2016
Alliance Fiber Optic Products, Inc.April 07, 2016$305 m
Gerresheimer AGNovember 02, 2015€196 m
iBwave Solutions Inc.May 31, 2015$2.5 b
Discovery Labware, Inc.April 10, 2012$730 m
MobileAccess NetworksJanuary 31, 2011$200 m
Axygen BioScience, Inc.September 17, 2009
Photonics Technology Research CenterNovember 14, 2000
Show more

Corning Revenue Breakdown

Embed Graph

Corning revenue breakdown by business segment: 8.7% from Life Sciences, 13.7% from Specialty Materials, 12.9% from Environmental Technologies, 34.9% from Optical Communications, 27.9% from Display Technologies and 2.0% from Other

Corning revenue breakdown by geographic segment: 11.3% from Europe, 35.1% from North America, 50.4% from Asia Pacific and 3.2% from Other

Human Capital Metrics

Embed Graph
Show all human capital metrics

Corning Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Corning Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Corning Online and Social Media Presence

Embed Graph

Corning Company Culture

  • Overall Culture

    C

    70/100

  • CEO Rating

    F

    56/100

  • Compensation

    B-

    74/100

Learn more on Comparably

Corning News and Updates

Corning Expands Corning® Gorilla® Glass Composite Products to Optimize Performance of Mobile Device Cameras

New product category enables unparalleled camera optics for smartphones by allowing 98% light capture, creating higher-quality images and videos while maintaining Gorilla Glass toughness New product category enables unparalleled camera optics for smartphones by allowing 98% light capture, creating h…

Insights on the Scratch Resistant Glass Global Market to 2026 - Featuring AGC, Corning and Schott Among Others

Dublin, July 09, 2021 (GLOBE NEWSWIRE) -- The "Scratch Resistant Glass Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026" report has been added to ResearchAndMarkets.com's offering. The report on the global scratch resistant glass market provides qualitative and quant…

Global Fetal Bovine Serum Market (2020 to 2026) - Featuring Bovogen Biologicals, Corning & Cytiva Among Others

Dublin, July 02, 2021 (GLOBE NEWSWIRE) -- The "Global Fetal Bovine Serum Market 2020-2026" report has been added to ResearchAndMarkets.com's offering. The global market for fetal bovine serum is projected to have a considerable CAGR during the forecast period. Fetal bovine serum (FBS) is the liqui…

Global Fiber Optics Market Report 2021-2027 with Focus on Select Players - Corning, Finisar, Finolex Cables, Furukawa Electric, General Cable, LEONI, LS Cable & System, Prysmian

Dublin, June 30, 2021 (GLOBE NEWSWIRE) -- The "Fiber Optics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Corning Appoints Pamela J. Craig to its Board of Directors

CORNING, N.Y., June 29, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced that Pamela J. Craig, former chief financial officer of Accenture plc, has been appointed to Corning’s Board of Directors, effective June 29, 2021.

What’s Next For Corning Stock After A 10% Fall Last Week?

The stock price of Corning (NYSE: GLW) has seen a 10% drop over the last five trading days. While there was no company-specific announcement, the industrial stocks at large saw a sell-off last week, with the S&P 500 Industrial index down nearly 4%. The broader sell-off in the markets can be...
Show more

Corning Frequently Asked Questions

  • When was Corning founded?

    Corning was founded in 1851.

  • Who are Corning key executives?

    Corning's key executives are Wendell P. Weeks, Eric S. Musser and Jeffrey Evenson.

  • How many employees does Corning have?

    Corning has 50,110 employees.

  • What is Corning revenue?

    Latest Corning annual revenue is $11.3 b.

  • What is Corning revenue per employee?

    Latest Corning revenue per employee is $225.6 k.

  • Who are Corning competitors?

    Competitors of Corning include ZEISS, Guardian Glass and AGC.

  • Where is Corning headquarters?

    Corning headquarters is located at 1 Riverfront Plaza, Corning.

  • Where are Corning offices?

    Corning has offices in Corning, Big Flats, Canton, Charlotte and in 83 other locations.

  • How many offices does Corning have?

    Corning has 101 offices.