Filing Flows › Corning (GLW) › Q1 2026
Corning (GLW) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Corning (GLW) reported revenue of $4.1B for the first quarter 2026 (Q1 2026), +20% from a year earlier and -2% from the quarter before. Operating margin was 15.4%, net earnings $371M (9.0% of revenue).
Corning, Q1 2026: revenue $4.1B (+20% year over year), operating margin 15.4%, net earnings $371M, operating cash flow $362M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | -2% | +20% |
| Gross profit | $1.5B | +2% | +26% |
| Operating profit | $639M | -5% | +44% |
| Net earnings | $371M | -31% | +136% |
| Operating cash flow | $362M | -66% | +140% |
| Free cash flow | $30.0M | -95% | — |
What changed
Revenue was $4.1B in Q1 2026, up 20% year over year and down 2% from the previous quarter. Optical communications products was the largest line at 45% of revenue. Optical communications products added $0.49B year over year (up 36%), 71% of the total change.
Gross margin was 36.9%, up 1.7 points from Q1 2025. Operating profit was $0.64B, a 15.4% margin (up 2.5 points year over year). Of the extra revenue versus Q1 2025, 28% reached operating profit, above the 13% margin then. Operating expenses grew 16% against revenue growth of 20%. The fastest-growing cost line was SG&A (+25%). Net earnings were $0.37B, up 136% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.36B (up 140% year over year), 89% of net income including minority interests. Non-cash charges added back $0.36B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items used $0.52B. Capital expenditures of $0.33B left free cash flow of $0.03B.
Questions
What was Corning's revenue in the first quarter 2026?
Corning (GLW) reported revenue of $4.1B for the first quarter 2026 (Q1 2026), +20% from a year earlier and -2% from the quarter before.
Was Corning profitable in the first quarter 2026?
Operating profit was $639M (15.4% of revenue) and net earnings $371M.
Source: Corning 10-Q on SEC EDGAR.