Corning Inc. (GLW) Q3 2025 10-Q Quarterly Report
Filed: Oct 31, 2025Period ending Sep 30, 2025
Materials
Drawing & Insulating of Nonferrous WireSEC EDGAR Corning Inc. (GLW) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 31, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Corning Inc. Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $4.10B Q3 2025, up 21% YoY from $3.39B; 9M revenue $11.4B, up 19% from $9.62B, driven by Optical Communications (+$406M Q3, +$1.3B 9M) and Specialty Materials (+$74M Q3, +$164M 9M)
- • Gross margin 37.1% Q3 2025 vs 34.1% Q3 2024 (+3 pts); 9M gross margin 36.2% vs 32.1% 9M 2024 (+4 pts) due to volume growth and pricing actions
- • Optical Communications best-performing segment: net sales $1.65B Q3 (+33%), net income up $120M; Display worst-performing: net sales down 7% Q3 to $1.02B, net income down $35M
- • Operating cash flow $1.64B 9M 2025, up from $1.32B 9M 2024; capital expenditures increased $139M YoY to $850M 9M; $1.6B cash and equivalents with $1.5B available credit
- • 2025 Q4 net sales outlook ~$4.35B; Management cites geopolitical risks, currency volatility, supply chain, and macroeconomic conditions as headwinds; effective tax rate improved to 14.5% Q3 2025 vs (3.3)% Q3 2024
Risk Factors
- • No new or updated risk factors disclosed this quarter compared to 2024 Form 10-K
- • Key carried-forward risk: technology market volatility impacting demand for optical solutions
- • Regulatory risk: ongoing compliance with evolving environmental regulations from multiple jurisdictions
- • Operational risk: supply chain disruptions affecting manufacturing efficiency and product delivery timelines
- • Financial risk: exposure to foreign currency fluctuations impacting reported earnings and cash flows
Corning Inc. Q3 2025 Quarterly FinancialsXBRL
Revenue
$4.1B
▲ +20.9% YoY▲ +6.2% QoQ
Net Income
$430M
▲ +467.5% YoY▼ -8.3% QoQ
Gross Margin
37.1%
▲ +354bp YoY▲ +103bp QoQ
Operating Margin
14.4%
▲ +546bp YoY▼ -47bp QoQ
Net Margin
10.5%
▲ +1394bp YoY▼ -166bp QoQ
ROE
3.7%
Total Assets
$29.9B
EPS (Diluted)
$0.49
▲ +476.9% YoY▼ -9.3% QoQ
Operating Cash Flow
$784M
▲ +12.2% YoY▲ +10.7% QoQ
Source: XBRL data from Corning Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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