Filing Flows › Corning (GLW) › Q1 2025
Corning (GLW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Corning (GLW) reported revenue of $3.5B for the first quarter 2025 (Q1 2025), +16% from a year earlier and -1% from the quarter before. Operating margin was 12.9%, net earnings $157M (4.5% of revenue).
Corning, Q1 2025: revenue $3.5B (+16% year over year), operating margin 12.9%, net earnings $157M, operating cash flow $151M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.5B | -1% | +16% |
| Gross profit | $1.2B | +1% | +22% |
| Operating profit | $445M | +13% | +75% |
| Net earnings | $157M | -49% | -25% |
| Operating cash flow | $151M | -76% | +57% |
What changed
Revenue was $3.5B in Q1 2025, up 16% year over year and down 1% from the previous quarter. Optical communications products was the largest line at 39% of revenue. Optical communications products added $0.42B year over year (up 46%), 89% of the total change. All other products declined 36%.
Gross margin was 35.2%, up 1.8 points from a year earlier. Operating profit was $0.45B, a 12.9% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 40% reached operating profit, above the 9% margin then. Operating expenses grew 4% against revenue growth of 16%. Net earnings were $0.16B, down 25% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.15B (up 57% year over year), 82% of net income including minority interests. Non-cash charges added back $0.32B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.41B. Capital expenditures of $0.21B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was Corning's revenue in the first quarter 2025?
Corning (GLW) reported revenue of $3.5B for the first quarter 2025 (Q1 2025), +16% from a year earlier and -1% from the quarter before.
Was Corning profitable in the first quarter 2025?
Operating profit was $445M (12.9% of revenue) and net earnings $157M.
Source: Corning 10-Q on SEC EDGAR.