Corning Incorporated or Pure Storage, Inc.: Who Invests More in Innovation?

Innovation Investment: Corning vs. Pure Storage

In the ever-evolving tech landscape, innovation is the lifeblood of success. Corning Incorporated and Pure Storage, Inc. are two giants in their respective fields, each with a unique approach to research and development (R&D). From 2014 to 2024, Corning consistently outpaced Pure Storage in R&D spending, investing nearly three times more on average. In 2023, Corning allocated approximately 1.08 billion dollars, marking a 32% increase from 2014. Meanwhile, Pure Storage's R&D expenses grew significantly, from a modest 36 million dollars in 2014 to 737 million dollars in 2024, reflecting a staggering 1,945% increase. This growth underscores Pure Storage's commitment to innovation as it scales its operations. As we look to the future, these investments highlight the strategic priorities of each company, with Corning maintaining its stronghold in innovation and Pure Storage rapidly closing the gap.