NYSE$GLW
Corning Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Corning reported third-quarter 2021 results with sales reaching an all-time high, core sales and EPS growing year over year, and announcements highlighting contributions to industry advancements.
Corning Incorporated announced strong third-quarter results with sales reaching an all-time high. The company is on track to reach $14 billion in sales and over $2 in EPS for 2021, with continued growth expected in 2022. Strong execution and strategic partnerships drove the outstanding quarter.
- Sales reached an all-time high, with core sales and EPS growing 21% and 30% year over year, respectively.
- Company is on track to reach $14 billion in sales and over $2 in EPS for 2021.
- Announcements with AT&T, Jeep, PPG, and Samsung highlight Corning’s contributions to significant industry advancements.
- Strong growth is expected to continue in 2022, driven by sales growth and strong cash generation.
Headline financials
Revenue & EPS history
Corning · Revenue · Quarterly
$3.62B
Revenue by segment
Corning · $2.95B total across 4 segments · Q3 2021
- Optical Comm$1.13B+24.3%38.3%
- Display$956M+15.6%32.4%
- Specialty Materials$556M-2.5%18.9%
- Life Sciences$305M+36.8%10.3%
Forward guidance
The company expects sales and EPS growth with strong cash generation to continue in 2022.
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 Q3 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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