Corning (GLW) risk factors: FY2025 10-K

1. Inflationary price pressures and uncertain availability of commodities, raw materials, utilities, labor or other inputs used by us and our suppliers, or instability in logistics and related costs, among other factors, could negatively impact our profitability
2. Factors such as supply chain disruptions, manufacturing interruptions or delays, or the failure to accurately forecast customer demand, could affect our ability to meet customer demand, lead to higher costs, or result in excess or obsolete inventory; if we are unable to obtain the necessary equipment, raw and batch materials, natural resources, utilities and other essentials required in our products or processes, our business will be negatively impacted
3. Health crisis events, such as epidemics or pandemics, have adversely impacted, and may continue to impact, the economy and disrupt our operations and supply chains, which may have an adverse effect on our results of operations
4. Corning’s Optical Communications and Display segments generate a significant amount of the Company’s profits and cash flow; any significant decrease in pricing, volume or market share could have a material and negative impact on our financial resultsreworded

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1. Because we have a concentrated customer base, future sales and cash flows could be negatively impacted by the actions or loss of one or more key customers
2. Events outside of Corning’s control, or those of our contract manufacturers, could cause a disruption to our manufacturing operations and our ability to serve our customers, resulting in a negative impact to Corning’s net sales, net income, asset values and liquidity
3. We may experience difficulties in enforcing our intellectual property rights, which could result in loss of market share and decreased sales and profits, and we may be subject to claims of infringement of the intellectual property rights of others
4. Information technology dependency and cybersecurity vulnerabilities could lead to reduced revenue, liability claims, competitive or reputational harm, and result in material adverse effects on our operations and financial resultsCybersecurity
5. We may not earn a positive return from our research, development and engineering investments
6. Our innovation model depends on our ability to attract and retain specialized expertise
7. We are subject to strict environmental regulations and regulatory changes that could result in fines or restrictions that interrupt our operations

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1. We may have additional tax liabilities
2. As a global company, we face many risks which could adversely impact our operations and financial results
3. Corning is exposed to risks associated with a global economy, including government fiscal and monetary policies
4. We have significant exposure to foreign currency movements
5. We may have significant exposure to counterparties of our related derivatives portfolio
6. Current or future litigation or regulatory investigations may harm our financial condition or results of operations
7. Our business is subject to various governmental regulations, and compliance with these regulations may cause us to incur significant expense. If we fail to maintain compliance with applicable regulations, we may be forced to cease the manufacture and distribution of certain products, and we could be subject to administrative proceedings and civil or criminal penalties
8. Our global operations are subject to extensive trade and anti-corruption laws and regulations
9. International trade policies may negatively impact our ability to sell and manufacture our products outside of the U.S.

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