GLW

Corning
D

GLW

Arincen73/100B

If you had invested in Corning ago, it would be worth $6,096 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

73/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Corning key facts

Style
Growth stock · 8.1/10Growth 8.1 · Value 3.3 · Dividend 3.1
Day range
104.110 – 110.390
52-week range
77.390 – 271.780
Market capitalization
91.46B USD
P/E
42.47
PEG ratio
1.13
EPS
2.50
Div Yield
1.05%
EPS growth forecast (FY2026)
+32.8%
Volume
514,620
Beta
1.22
Sector
Technology
Industry
Hardware, Equipment & Parts
CEO
Wendell Weeks
Employees
67K
IPO date
31 Dec 1981

Corning earnings

Next earnings · Q4 FY2026
EPS estimate
0.98 USD
Revenue estimate
5.25B USD
Last quarter · Q3 FY2026
EPS0.91Beat +3.3%Revenue5.08BBeat +1.1%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20271.21——+33.02%6.09B——+19.95%
Q2 FY20271.06——+35.31%5.72B——+20.68%
Q1 FY20270.91——+30.40%5.23B——+20.46%
Q4 FY20260.98——+36.11%5.25B——+18.98%
Q3 FY20260.880.91+3.29%+35.82%5.03B5.08B+1.09%+23.93%
Q2 FY20260.760.78+3.31%+30.00%4.63B4.74B+2.33%+22.68%
Q1 FY20260.690.70+1.16%+29.63%4.30B4.35B+1.09%+25.87%
Q4 FY20250.710.72+1.84%+26.32%4.36B4.41B+1.15%+26.02%
Q3 FY20250.670.67+0.75%+24.07%4.23B4.10B-3.11%+20.91%
Q2 FY20250.570.60+5.08%+27.66%3.86B3.86B+0.15%+18.79%

Corning analyst forecast

12-month price target
167.71 USD
+57.95%

Analysts' 1-year price targets range from 132.00 to 200.00, with an average of 167.71.

Past year
1-year forecast
Strong sellStrong buy
Buy
10 ratings
Strong buy
0
Buy
7
Hold
3
Sell
0
Strong sell
0

12-month price target

Highest target200.00
Average target167.71
Lowest target132.00
Current price106.18

Corning valuation

Price to earnings ratio (TTM)
42.47
Forward P/E (FY2026)
31.61
Price to sales (TTM)
5.16
Price to book
6.69
EV / EBITDA (TTM)
20.55

Capital structure

Market capitalization
91.46B USD
+
Total debt
8.20B USD
−
Cash and short-term investments
2.54B USD
=
Enterprise value
97.13B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.21————
FY2027 (est.)23.5717.21———
FY2026 (est.)31.6123.57———
Now (TTM)42.4724.495.166.6920.55
FY202547.0826.074.826.3822.49
FY202480.5415.603.093.7918.80
FY202344.1315.602.052.2412.94
FY202220.4718.741.902.249.34
FY202128.6417.982.192.508.68

Corning against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Amphenol, Keysight Technologies, Coherent, Teledyne Technologies, Flex, and Jabil, the US Hardware, Equipment & Parts companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median42.5
    12.3296.4
  • Gross marginAbove its median35.3%
    31.2%36.0%
    Against its peers: 5 of 7Peers' median 37.4%
  • Operating marginAbove its median14.9%
    7.1%15.0%
    Against its peers: 4 of 7Peers' median 15.2%
  • Net marginAbove its median10.2%
    3.9%13.5%
    Against its peers: 5 of 7Peers' median 13.0%
  • Return on equityAbove its median13.5%
    4.7%15.5%
    Against its peers: 5 of 7Peers' median 15.8%
  • Free cash flow marginAbove its median9.0%
    4.9%12.6%
    Against its peers: 4 of 7Peers' median 10.7%
  • Revenue growthAbove its median19.1%
    -11.3%24.6%
    Against its peers: 4 of 7Peers' median 14.4%
  • EPS growthHighest in 5 years219.0%
    -55.8%219.0%
    Against its peers: 1 of 6Peers' median 39.0%
  • Debt to EBITDAAt its median2.74×
    1.86×3.37×
    Against its peers: 7 of 7Peers' median 2.15×
  • Current ratioBelow its median1.59
    1.441.67
    Against its peers: 5 of 7Peers' median 2.00

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Corning growth and profitability

Revenue (TTM)
17.72B USD
Net income (TTM)
2.15B USD
Gross margin
36.41%
Operating margin
16.63%
Net margin
12.13%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202515.63B+19.14%1.60B+215.42%35.28%14.91%10.21%3.74B+49.88%
FY202413.12B+4.21%506.00M-12.91%32.60%8.65%3.86%2.49B-0.88%
FY202312.59B-11.28%581.00M-55.85%31.23%7.07%4.62%2.51B-29.00%
FY202214.19B+0.76%1.32B-30.95%31.76%10.13%9.27%3.54B-15.83%
FY202114.08B+24.59%1.91B+272.27%35.95%15.00%13.54%4.21B+73.91%

Corning revenue breakdown

By product

FY2025
Optical Communications: 40.1%Display Technologies: 19.0%Specialty Materials: 14.0%Automotive Products: 11.4%Life Sciences: 6.1%Polycrystalline Silicon: 6.1%All Other: 3.2%40.1%Optical Communications19.0%Display Technologies14.0%Specialty Materials11.4%Automotive Products6.1%Life Sciences6.1%Polycrystalline Silicon3.2%All Other
SegmentRevenueShare of revenueChange on the year
Optical Communications6.27B40.1%+34.7%
Display Technologies2.97B19.0%-23.4%
Specialty Materials2.19B14.0%+8.7%
Automotive Products1.78B11.4%—
Life Sciences959.00M6.1%-2.0%
Polycrystalline Silicon955.00M6.1%—
All Other505.00M3.2%—

By region

FY2025
Asia Pacific: 47.3%North America: 44.0%Europe: 8.7%47.3%Asia Pacific44.0%North America8.7%Europe
RegionRevenueShare of revenueChange on the year
Asia Pacific7.65B47.3%+4.6%
North America7.11B44.0%+27.9%
Europe1.41B8.7%-0.6%

How Corning makes its money

Optical Communications6.27B 40.1%
Display Technologies2.97B 19.0%
Specialty Materials2.19B 14.0%
Automotive Products1.78B 11.4%
Life Sciences959.00M 6.1%
Polycrystalline Silicon955.00M 6.1%
All Other505.00M 3.2%
Revenue15.63B 100.0%
Cost of revenue10.12B 64.7%
Gross profit5.51B 35.3%
Research and development1.11B 7.1%
Selling and administration2.07B 13.3%
Operating income2.33B 14.9%
Tax310.00M 2.0%
Other expense425.00M 2.7%
Net income1.60B 10.2%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Corning dividends

Annual dividend
1.12 USD
Dividend yield (indicated)
1.05%
Payout ratio
56.00%
Frequency
Quarterly
Last payment
0.28 USD
Last ex-dividend date
13 Nov 2026
Last payment date
11 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.121.121.121.080.960.880.800.720.620.54

Corning financial health

Cash and short-term investments
2.54B USD
Total debt
8.20B USD
Net cash
-5.66B USD
Free cash flow (TTM)
2.46B USD
Current ratio
1.72
Debt to equity
0.60
Piotroski score
8 / 9
Altman Z-score
4.41

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.53B10.22B1.41B
FY20241.77B8.09B974.00M
FY20231.78B8.48B615.00M
FY20221.67B7.82B1.01B
FY20212.15B7.83B1.78B

Corning ownership

Institutions
73.84%
Institutional holders
2,802 (+442)
Free float
91.72%

Who owns the shares

Institutions 73.8% Others 26.2%
As of 30 Jun 2026

Shares free to trade

Free float 790.10M shares ·91.7% Closely held 71.30M shares ·8.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 2026021.03K22.97K
Q2 20260121.09M1.71M
Q1 20260141.05M563.10K
Q4 20250630.90K248.49K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025860.00M860.00M-1.04%
FY2024853.00M869.00M+1.16%
FY2023848.00M859.00M+0.23%
FY2022843.00M857.00M+1.54%
FY2021828.00M844.00M+9.33%

Source: Financial Modeling Prep

Related Instruments

Title: Corning

Sector: Technology
Industry: Hardware, Equipment & Parts
Corning is a provider of glass, ceramics, and optical fiber across six distinct end markets. Corning's largest segments by revenue are display glass for TVs and optical fiber for telecom networks and data centers. It also provides cover glass for smartphones as well as filters and substrates and glass for cars, produces pharmaceutical glass, and produces polysilicon for solar panels. Corning is a US producer and is vertically integrated across its products and markets.

Common questions about Corning stock

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