Corning Incorporated stock research
FY2025 Q2
Corning (GLW) Gross Margin — Quarter Ended Jun 30, 2025
Revenue increased compared to the prior quarter and the same quarter a year ago, while gross profit also rose. Gross margin improved as cost of revenue grew at a slower rate than revenue.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue increased compared to the prior quarter and the same quarter a year ago, while gross profit also rose. Gross margin improved as cost of revenue grew at a slower rate than revenue.
- The gross margin expanded relative to both the prior quarter and the year-ago period, accompanied by higher revenue and a proportionally smaller increase in cost of revenue.
- Sequentially, gross margin improved from the prior quarter. Year-over-year, gross margin was higher than the same quarter last year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.0%
Gross profit
$1.4B
Revenue
$3.9B
Cost of revenue
$2.5B
Quarter-over-quarter change
+0.9 pts
Year-over-year change
+6.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $3.4B | $1.1B | $2.3B | 33.5% |
| Dec 31, 2024 | $3.5B | $1.2B | $2.3B | 34.2% |
| Mar 31, 2025 | $3.5B | $1.2B | $2.2B | 35.2% |
| Jun 30, 2025 | $3.9B | $1.4B | $2.5B | 36.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+0.9 pts
Year-over-year change
Jun 30, 2024
+6.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin expanded relative to both the prior quarter and the year-ago period, accompanied by higher revenue and a proportionally smaller increase in cost of revenue.
Sequentially, gross margin improved from the prior quarter. Year-over-year, gross margin was higher than the same quarter last year.
Monitor the trend of cost of revenue relative to revenue in upcoming quarters.