Corning Incorporated stock research
FY2026 Q1
Corning (GLW) Gross Margin — Quarter Ended Mar 31, 2026
Revenue for the quarter was slightly lower than the previous quarter but notably higher than the same quarter last year. Gross profit was stable compared to the prior quarter and significantly higher year over year, while gross margin improved relative to both periods.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue for the quarter was slightly lower than the previous quarter but notably higher than the same quarter last year. Gross profit was stable compared to the prior quarter and significantly higher year over year, while gross margin improved relative to both periods.
- Gross margin improved sequentially and year over year, with the current quarter's margin being higher than both the immediately preceding quarter and the same quarter one year earlier.
- Compared to the prior quarter, revenue was lower but cost of revenue was also lower, resulting in stable gross profit and a higher gross margin. Compared to the same quarter last year, revenue, gross profit, and cost of revenue were all higher, with gross margin improving.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
36.9%
Gross profit
$1.5B
Revenue
$4.1B
Cost of revenue
$2.6B
Quarter-over-quarter change
+1.4 pts
Year-over-year change
+1.7 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 |
|---|---|---|---|---|
| Jun 30, 2025 | $3.9B | $1.4B | $2.5B | 36.0% |
| Sep 30, 2025 | $4.1B | $1.5B | $2.6B | 37.1% |
| Dec 31, 2025 | $4.2B | $1.5B | $2.7B | 35.5% |
| Mar 31, 2026 | $4.1B | $1.5B | $2.6B | 36.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+1.4 pts
Year-over-year change
Mar 31, 2025
+1.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin improved sequentially and year over year, with the current quarter's margin being higher than both the immediately preceding quarter and the same quarter one year earlier.
Compared to the prior quarter, revenue was lower but cost of revenue was also lower, resulting in stable gross profit and a higher gross margin. Compared to the same quarter last year, revenue, gross profit, and cost of revenue were all higher, with gross margin improving.
Monitor the trajectory of gross margin in the coming quarters to see if the improvement can be sustained.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Corning Incorporated (GLW) | 36.9% |