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Corning Inc (GLW)

Fair Value
TechnologyElectronic ComponentsUnited States

Fundamental

66

Price

$123.69

Market Cap

$115.98B

Part 1 · What the company is worth

Overview

Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Generated with artificial intelligence on September 18, 2026, shared with all users

AGC Inc. (旭硝子 / AGC株式会社)5201.T

AGC is the other global maker of fusion-drawn glass substrates for flat-panel displays and of cover glass for phones and cars, and Corning names it as a principal competitor in both Display Technologies and Specialty Materials.

Nippon Electric Glass Co., Ltd. (日本電気硝子株式会社)5214.T

Nippon Electric Glass sells display glass substrates and specialty glass to the same panel makers and electronics customers, and is the third supplier in a market that Corning and AGC otherwise dominate.

CommScope Holding Company, Inc.COMM

CommScope bids against Corning for the fibre cable, connectors and data-centre cabling bought by the same telecom carriers and hyperscale operators.

Prysmian S.p.A.PRY.MI

Prysmian is the other large manufacturer of optical fibre and cable systems for carrier networks, competing with Corning for the same network build-out contracts, mainly in Europe.

NGK Insulators, Ltd. (日本碍子株式会社)5333.T

NGK Insulators makes the ceramic substrates and particulate filters that carmakers and truck makers fit for emissions control, the same products as Corning's Environmental Technologies segment.

SCHOTT AGNot tracked

Schott, privately held by the Carl Zeiss Foundation, competes in specialty glass — pharmaceutical tubing and vials, and technical glass for electronics and optics — where Corning sells to the same pharma and device customers.

Balance Sheet & Liquidity

Revenue

$16.96B

Trailing 12 months (through 6/30/2026)

Net Income

$1.90B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

-

Total Equity

$11.81B

Total Liabilities

$18.67B

Current Ratio

1.81

Interest Coverage

7.28

Debt/EBITDA

2.30

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$126.14

Current Price

$123.69

Margin of Safety

+1.9%

Fair Value Range

$81.99 - $170.29

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$187.41
Discounted cash flow (DCF):$75.34
Earnings multiple (P/E):$86.25
Graham growth formula:$102.79
Earnings power value (EPV):$21.27
Justified P/B:$24.81
Dividend discount (Gordon):$18.24
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:$65.46
Revenue multiple:$104.53
Last Earnings Surprise:+2.21%

Valuation Metrics

P/E Ratio

56.74

ROE

13.5%

P/B Ratio

8.48

P/FCF

-

Gross Margin

36.4%

ROIC

7.6%

Profitability Radar

Value Creation (Economic Moat)

ROIC

7.6%

WACC

10.4%

ROIC − WACC

-2.8 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (17)

  • EPS shows upward trend
  • Price CAGR 19.23%
  • ROIC 7.6%
  • Gross margin 36.4%
  • Debt/equity ratio
  • Operating margin 15.3%
  • Current ratio
  • Interest coverage
  • Debt/EBITDA
  • Return on tangible assets
  • Low reliance on intangibles
  • ROE 15.9%
  • Revenue growth 5Y 6.7%
  • Earnings quality (operating cash flow / net income) 2.06
  • Share dilution -0.0%
  • Net margin trend 11.2% vs 5.8%
  • Piotroski F-Score 7/9

Failed (6)

  • EPS CAGR 1.75%
  • P/B ratio 8.48
  • Price below Graham Number
  • DCF valuation (Unknown)
  • Earnings surprise, average 0.9%
  • PEG ratio 2.69

Unavailable (4)

  • P/FCF –
  • Dividend payout –
  • Positive free cash flow
  • CapEx intensity

Piotroski F-Score

7/9

Strong financial health

ROA > 0
Operating cash flow > 0
ΔROA > 0
Cash flow > net income
Leverage ↓
Current ratio ↑
No dilution
Gross margin ↑
Asset turnover ↑

Earnings Quality

2.06

High quality: earnings backed by cash

Share Dilution

0.0%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Wendell P. WeeksChairman, President & CEO65
Mr. Edward A. SchlesingerExecutive VP & CFO57
Mr. Avery H. Nelson IIIExecutive VP & COO56
Mr. Lewis A. Steverson J.D.Vice Chairman, Executive VP and Chief Legal & Administrative Officer61
Mr. John Z. ZhangExecutive VP & Chief Corporate Development Officer52
Dr. Jaymin AminSenior VP & CTO57
Ms. Soumya SeetharamSenior VP and Chief Digital & Information Officer49
Ms. Ann H. S. NicholsonVice President of Investor Relations-
Kevin G. CorlissVP of Global Employee Relations & Chief Compliance Officer-
Ms. Michelle L. GulloSenior VP & Chief Human Resources Officer58

Audit Risk

3

Board Risk

8

Compensation Risk

8

Shareholder Rights Risk

6

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-12

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-29

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-09-11

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Part 2 · The price and its context

This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Market Reaction Profile

How much GLW moves, measured on its daily prices.

VolatilityExtreme

More volatile than 97% of the tracked stocks (90-day volatility).

Volatility 30d
71.1%
Volatility 90d
85.8%
Beta vs S&P 500 (1y)
3.01Correlation 0.52
Max drawdown (12m)
-51.6%
ATR (14d, % of price)
6.44%

Earnings reactions

How GLW moved around its past quarterly results.

Next earnings release

Oct 27, 2026 · In 3 days · Before the open

EPS estimate: 0.88Revenue estimate: $5.0B

What usually happens

  • Over the last 12 releases the stock moved a median of 5.0% the next day, up or down.
  • Next-day moves: up 5, down 7 (out of 12).

Release history

DateWhen EPS est.EPS actualSurprise Gap 1 day5 days
Jul 28, 2026Before the open0.760.78+2.2% -15.1% -12.1% +2.3%
Apr 28, 2026Before the open0.700.70+0.5% -10.1% -8.9% -4.8%
Jan 28, 2026Before the open0.710.72+1.1% -1.7% -5.0% +2.8%
Oct 28, 2025Before the open0.670.670.0% -5.7% -3.3% -2.1%
Jul 29, 2025Before the openn/an/an/a+6.2% +11.9% +14.6%
Apr 29, 2025Before the openn/an/an/a-2.0% +0.8% +3.0%
Jan 29, 2025Before the openn/an/an/a+7.6% -2.8% +1.6%
Oct 29, 2024Before the openn/an/an/a+5.5% +4.7% +0.4%
Jul 30, 2024Before the openn/an/an/a-7.3% -6.9% -11.5%
Apr 30, 2024Before the openn/an/an/a+4.2% +5.0% +5.2%
Jan 30, 2024Before the openn/an/an/a+5.3% +6.9% +2.8%
Oct 24, 2023Before the openn/an/an/a-5.0% -0.3% -1.0%

Release dates from SEC 8-K filings.

Updated 10/24/2026

Historical statistics for educational purposes only. They are not forecasts and not investment advice.

Price reaction to the news

Latest news on GLW and what the price did next.

Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.

Latest News

Recent headlines for GLW.

  • 5/12/2026POSITIVE
    If You Invested $100 In Corning Stock 5 Years Ago, You Would Have This Much Today

    An investment of $100 in Corning Inc. (GLW) five years ago would have yielded a significant return, illustrating the stock's strong performance over the period. While specific figures are not provided in the prompt, the implication of a substantial increase suggests robust business operations and market positioning. Investors considering GLW should analyze the drivers behind this growth, such as innovation in specialty glass and ceramics, demand from the telecommunications and automotive sectors, and the company's strategic initiatives. This historical performance may indicate a positive outlook for future returns, warranting further due diligence.

  • 4/16/2026NEGATIVE
    Corning Stock Is Sliding Today: What's Behind The Drop?

    Corning Inc. (NYSE:GLW) experienced a notable decline in its stock price on Thursday following a downgrade from J.P. Morgan. The investment bank cited concerns that the stock's recent upward trajectory has led to an overvalued position. This analyst action suggests that the market may have priced in too much optimism, potentially limiting further upside and increasing downside risk for investors.

  • 3/11/2026POSITIVE
    Meet the Super Semiconductor Stock Obliterating Nvidia, AMD, and Broadcom Right Now

    Corning Inc. is emerging as a significant player in the artificial intelligence revolution, positioning itself as a strong contender against established semiconductor giants like Nvidia, AMD, and Broadcom. The company's involvement in AI infrastructure suggests a robust growth trajectory. Investors are taking note of Corning's strategic pivot and its potential to capture substantial market share in the rapidly expanding AI sector. This development could lead to significant upside for the stock as demand for AI-enabling components escalates.

  • 12/5/2024POSITIVE
    How the 173-year-old glassmaker behind Edison’s light bulb and iPhone screens became a Silicon Valley darling

    Corning Inc., a 173-year-old glassmaker, is experiencing a resurgence as a Silicon Valley darling, according to CEO Wendell Weeks. The company, historically known for innovations like Edison's light bulb and screens for smartphones, is now a key player in powering the AI revolution through its fiber-optic cables. This strategic positioning in high-growth sectors like AI and advanced displays suggests a strong future outlook for the company. Investors are likely to view Corning's adaptability and its role in critical technological infrastructure as positive indicators for future growth and market relevance.