NYSE$GLW
Corning Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Corning reported outstanding second-quarter results, with continued growth expected in the third quarter.
Corning's second-quarter results were outstanding, with core sales reaching $3.5 billion, a 35% increase year-over-year and a 17% increase compared to the second quarter of 2019. Core EPS grew 112% year over year to $0.53 and free cash flow reached $471 million, a 65% increase year over year.
- Core sales reached $3.5 billion, growing 35% year-over-year and 17% from Q2 2019.
- Core EPS grew 112% year-over-year to $0.53 due to higher sales and expanded margins.
- Free cash flow of $471 million increased by $186 million, or 65%, year-over-year.
- Corning is outperforming its underlying markets and is on track to deliver an outstanding year.
Headline financials
Revenue & EPS history
Corning · Revenue · Quarterly
$3.5B
Revenue by segment
Corning · $2.81B total across 4 segments · Q2 2021
- Optical Comm$1.08B+21.8%38.4%
- Display$939M+24.7%33.4%
- Specialty Materials$483M+15.8%17.2%
- Life Sciences$312M+28.4%11.1%
Forward guidance
Corning expects continued growth in the third quarter of 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.1%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+2.1%
Avg return
30 days after
49%
36 / 73 earnings
Positive
+14.9%
Q4 2021
Best reaction
-9.9%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -5.8% | +9.0% | |
| Q4 2025 | -5.0% | +0.6% | +37.0% | |
| Q3 2025 | -3.3% | -0.3% | -6.5% | |
| Q2 2025 | -1.9% | +1.2% | +6.0% | |
| Q1 2025 | +0.8% | +3.8% | +13.3% | |
| Q4 2024 | -2.8% | +0.2% | -2.1% | |
| Q3 2024 | +2.6% | +3.2% | +2.9% | |
| Q2 2024 | -6.3% | -8.8% | -1.9% | |
| Q1 2024 | +5.3% | +6.1% | +16.3% | |
| Q4 2023 | +4.3% | +3.5% | +3.5% | |
| Q3 2023 | -0.6% | -1.3% | +4.6% | |
| Q2 2023 | +3.6% | +1.7% | -3.7% | |
| Q1 2023 | -4.2% | -1.3% | -7.8% | |
| Q4 2022 | -3.1% | -1.8% | -5.2% | |
| Q3 2022 | +0.2% | +0.5% | +4.9% | |
| Q2 2022 | +4.2% | +6.6% | +3.9% | |
| Q1 2022 | +4.8% | +2.2% | +2.3% | |
| Q4 2021 | +14.9% | +19.1% | +16.4% | |
| Q3 2021 | -8.3% | -7.9% | +1.1% | |
| Q2 2021 | -0.5% | +1.9% | -2.1% | |
| Q1 2021 | -3.7% | -4.0% | -6.0% | |
| Q4 2020 | -2.0% | -3.4% | +2.9% | |
| Q3 2020 | -7.4% | -6.7% | +8.9% | |
| Q2 2020 | +3.2% | +1.2% | +4.9% | |
| Q1 2020 | +3.9% | -4.5% | +6.6% | |
| Q4 2019 | -1.1% | -3.9% | -14.8% | |
| Q3 2019 | -0.7% | -3.4% | -4.1% | |
| Q2 2019 | -9.8% | -14.1% | -18.7% | |
| Q1 2019 | -4.2% | -5.2% | -13.5% | |
| Q4 2018 | +10.4% | +9.0% | +14.7% | |
| Q3 2018 | -1.7% | -0.5% | -0.4% | |
| Q2 2018 | +12.7% | +10.4% | +10.6% | |
| Q1 2018 | -1.6% | -1.0% | -0.6% | |
| Q4 2017 | -8.8% | -8.7% | -17.1% | |
| Q3 2017 | +5.1% | +5.0% | +6.0% | |
| Q2 2017 | -8.2% | -9.3% | -10.8% | |
| Q1 2017 | +3.2% | +4.8% | +7.4% | |
| Q4 2016 | +7.7% | +7.7% | +11.3% | |
| Q3 2016 | -3.6% | -5.1% | +1.3% | |
| Q2 2016 | +2.7% | +2.7% | +4.4% | |
| Q1 2016 | -8.0% | — | — | |
| Q4 2015 | +6.9% | — | — | |
| Q3 2015 | +8.7% | — | — | |
| Q2 2015 | +0.5% | — | — | |
| Q1 2015 | -4.6% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | +5.5% | — | — | |
| Q2 2014 | -9.9% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | -5.8% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | +8.4% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -9.8% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q2 2012 | -7.0% | — | — | |
| Q1 2012 | +7.1% | — | — | |
| Q3 2011 | +8.4% | — | — | |
| Q2 2011 | -2.3% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2010 | -1.9% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | +5.5% | — | — | |
| Q1 2010 | +1.0% | — | — | |
| Q4 2007 | +1.1% | — | — | |
| Q2 2009 | +1.1% | — | — | |
| Q4 2009 | +1.1% | — | — | |
| Q3 2008 | -0.1% | — | — | |
| Q3 2009 | -0.1% | — | — | |
| Q1 2009 | +0.2% | — | — | |
| Q4 2008 | +0.2% | — | — | |
| Q2 2008 | +0.2% | — | — |
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