What dominates the section
- Corning emphasizes risks to its innovation model, including uncertain returns on R&D and dependence on specialized glass, ceramic, and optical expertise.
- International manufacturing and sales expose Corning to currency, derivative-counterparty, trade-compliance, and trade-policy risks.
- The section also identifies broad tax, litigation, macroeconomic, and global-operations exposures.
The risks most specific to Corning
- Risks Related to Our Business
We may not earn a positive return from our research, development and engineering investments
Corning may not recover its costly, long-cycle investments in research, development, engineering, and new products.
- Risks Related to Our Business
Our innovation model depends on our ability to attract and retain specialized expertise
Corning’s innovation model depends on attracting and retaining experts in glass science, ceramic science, and optical physics.
- Risks Related to Our Business
We have significant exposure to foreign currency movements
Movements in the Japanese yen, South Korean won, New Taiwan dollar, Mexican peso, Chinese yuan, and euro can affect sales, profits, and cash flows.
- Risks Related to Our Business
We may have significant exposure to counterparties of our related derivatives portfolio
Corning could suffer losses if counterparties fail to perform under its significant over-the-counter currency-hedging derivatives portfolio.
- Risks Related to Our Business
Our global operations are subject to extensive trade and anti-corruption laws and regulations
Corning’s international operations must comply with complex U.S. and foreign import, export, and anti-corruption requirements.
- Risks Related to Our Business
International trade policies may negatively impact our ability to sell and manufacture our products outside of the U.S
Quotas, tariffs, capital controls, and other trade policies could reduce demand or restrict Corning, affiliates, or joint ventures from selling and manufacturing abroad.
All 10 risk factors
Headings as the filing states them, in filing order.
Risks Related to Our Business
- 01We may not earn a positive return from our research, development and engineering investments
- 02Our innovation model depends on our ability to attract and retain specialized expertise
- 03We may have additional tax liabilities
- 04As a global company, we face many risks which could adversely impact our operations and financial results
- 05Corning is exposed to risks associated with a global economy, including government fiscal and monetary policies
- 06We have significant exposure to foreign currency movements
- 07We may have significant exposure to counterparties of our related derivatives portfolio
- 08Current or future litigation or regulatory investigations may harm our financial condition or results of operations
- 09Our global operations are subject to extensive trade and anti-corruption laws and regulations
- 10International trade policies may negatively impact our ability to sell and manufacture our products outside of the U.S
Other Corning 10-Ks
- 2026 10-K risk factors
11 risks. Corning's risk profile is dominated by heavy investments in long-cycle research and development and specialized talent in glass science, ceramic science, and optical physics. Extensive global manufacturing exposes the company to foreign currency fluctuations, derivative counterparty risks, and complex international trade laws.
Filed Feb 12, 2026
About this page
Item 1A of the 10-K on EDGAR was split into its risk factors and, where the company's previous 10-K is on file, each heading was matched to last year's and the text compared word for word. The headings are the filing's own. The one-line readings and the overview were written by a language model from the text of the new, dropped, and rewritten risks; they refer to risks by position and cannot misquote a heading.