Corning (GLW) Revenue — Quarter Ended Jun 30, 2024
Revenue increased sequentially, marking a rebound after recent declines. Compared to the same quarter last year, revenue was essentially flat.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased sequentially, marking a rebound after recent declines. Compared to the same quarter last year, revenue was essentially flat.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+9.3%
Change from the immediately preceding quarter.
Year-over-year
+0.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $3.2B | -9.0% |
| Dec 31, 2023 | $3B | -12.1% |
| Mar 31, 2024 | $3B | -6.4% |
| Jun 30, 2024 | $3.3B | +0.2% |
Revenue performance
The sequential growth reflects a recovery from the prior quarter's lower revenue base.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, while compared to the year-ago quarter, revenue was nearly unchanged.
What to watch
Watch whether this sequential momentum can be sustained in future quarters given the prior downward trend.