Corning (GLW) AI Stock Analysis

• Market Cap: $54.81B
• Dividend Yield: 1.73%
• Average Volume (3M): 4.94M
• Price to Earnings (P/E): 67.7
• Beta (1Y): 1.09
• Revenue Growth: 14.63%
• EPS Growth: 86.61%
• Country: US
• Employees: 56,300
• Sector: Technology
• Sector Strength: 94
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.60
• Shares Outstanding: 856,618,700
• 10 Day Avg. Volume: 7,110,276
• 30 Day Avg. Volume: 4,936,963
• PEG Ratio: -5.53
• Price to Book (P/B): 3.79
• Price to Sales (P/S): 3.09
• P/FCF Ratio: 41.62
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 3.73
• Enterprise Value/Gross Profit: 10.71
• Enterprise Value/Ebitda: 34.57
• 1Y Price Target: $68.36
• Price Target Upside: 5.56% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12

• Rating: 71 Outperform
• Price Target: $69.00 ▲(6.55% Upside)

Corning's strong financial performance and positive earnings call drive its stock score, reflecting robust growth and strategic positioning in high-demand areas like Gen AI and solar products. However, the high valuation and overbought technical indicators present potential risks. The company's ability to manage these challenges will be crucial for sustained momentum.

Positive Factors

Optical Segment Growth

Corning shares have shown a 17% increase, reflecting optimism in its Optical segment linked to AI drivers.

Solar Market Expansion

Corning is poised to disrupt the U.S. solar market and capture a significant share by leveraging its expertise in polysilicon manufacturing.

Negative Factors

TV Demand Uncertainty

TV demand outlook remains uncertain, and consumers are spending cautiously amid inflation concerns, which is leading to reduced panel purchases.

Valuation Concerns

Trading over 20x P/E, there isn't a lot of room for valuation, particularly given guidance not likely to be meaningfully better in EPS than Street.

Corning Business Overview & Revenue Model

Company Description

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. 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.

How the Company Makes Money

Corning makes money through a diversified revenue model centered around its five business segments. The Display Technologies segment primarily generates revenue from the sale of glass substrates used in LCDs for televisions, computers, and other devices. The Optical Communications segment earns income by providing optical fiber, cable, and hardware solutions for telecommunications networks. Environmental Technologies contributes to revenue by supplying ceramic substrates and filters to control emissions in automotive and industrial applications. Specialty Materials generates sales through advanced materials like Gorilla Glass, used in consumer electronics. Finally, the Life Sciences segment earns revenue by providing laboratory products and services to pharmaceutical and biotech companies. Significant partnerships with major manufacturers and continuous investment in R&D further bolster Corning's revenue streams.

Corning Financial Statement Overview

Summary

Corning exhibits a strong financial position with healthy revenue growth of 8.3% and robust cash generation, evidenced by a 22.6% growth in free cash flow. The company maintains stable margins and a well-balanced capital structure, though profitability margins have faced some pressure.

Income Statement

Corning's income statement reflects strong profitability with gross profit margin at 34.8% and a net profit margin of 5.8% for TTM (Trailing-Twelve-Months). Revenue growth is solid at 8.3% compared to the previous annual period, showcasing strong growth dynamics. However, margins have seen some compression compared to historical highs, indicating potential pressure on profitability.

Balance Sheet

The balance sheet demonstrates moderate leverage with a debt-to-equity ratio of 0.67 and a stable equity ratio of 38.7%. The return on equity is 7.4%, reflecting decent returns for shareholders. Overall, the balance sheet is well-structured with manageable debt levels, although there is room for enhancing equity returns.

Cash Flow

Corning's cash flow is robust with an operating cash flow to net income ratio of 2.66, indicating strong cash generation relative to net earnings. Free cash flow growth is impressive at 22.6% year-over-year, underscoring effective cash management. The company exhibits a strong capacity to generate and sustain cash flows, supporting financial stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.21B	13.12B	12.59B	14.19B	14.08B	11.30B
Gross Profit	4.94B	4.28B	3.93B	4.51B	5.06B	3.53B
EBITDA	1.53B	2.49B	2.51B	3.36B	3.77B	2.87B
Net Income	819.00M	506.00M	581.00M	1.32B	1.91B	512.00M
Balance Sheet
Total Assets	28.75B	27.73B	28.50B	29.50B	30.15B	30.77B
Cash, Cash Equivalents and Short-Term Investments	1.49B	1.77B	1.78B	1.67B	2.15B	2.67B
Total Debt	7.50B	8.09B	8.48B	7.82B	7.83B	8.70B
Total Liabilities	17.20B	16.66B	16.63B	17.22B	17.61B	17.33B
Stockholders Equity	11.12B	10.69B	11.55B	12.01B	12.33B	13.26B
Cash Flow
Free Cash Flow	1.19B	974.00M	615.00M	1.01B	1.77B	803.00M
Operating Cash Flow	2.18B	1.94B	2.00B	2.62B	3.41B	2.18B
Investing Cash Flow	-872.00M	-744.00M	-1.00B	-1.35B	-1.42B	-1.31B
Financing Cash Flow	-1.25B	-1.16B	-883.00M	-1.65B	-2.45B	-729.00M

Corning Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 64.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLW, the sentiment is Positive. The current price of 64.76 is above the 20-day moving average (MA) of 57.70, above the 50-day MA of 53.78, and above the 200-day MA of 48.78, indicating a bullish trend. The MACD of 3.26 indicates Negative momentum. The RSI at 81.27 is Negative, neither overbought nor oversold. The STOCH value of 89.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLW.

Corning Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRMN	81 Outperform	$44.29B	28.39	20.73%	1.38%	19.65%	13.58%
TDY	77 Outperform	$25.74B	30.31	8.72%	―	6.47%	-1.48%
KEYS	75 Outperform	$27.76B	37.76	14.30%	―	-1.16%	-7.04%
TEL	72 Outperform	$59.11B	41.30	11.63%	1.33%	4.86%	-56.43%
GLW	71 Outperform	$54.81B	67.74	7.55%	1.73%	14.63%	86.61%
Sector *	69 Neutral	¥233.77B	14.28	7.64%	2.58%	9.19%	5.32%
FTV	66 Neutral	$16.10B	21.48	7.36%	0.48%	-0.12%	-11.27%

Corning Corporate Events

Corning Secures New $1.5 Billion Credit Agreement

On July 28, 2025, Corning Incorporated entered into a new $1.5 billion Credit Agreement with JPMorgan Chase Bank, replacing its previous agreement from June 6, 2022. This agreement allows Corning and its subsidiaries to borrow in multiple currencies up to the commitment amount, with the possibility of increasing it by $500 million. The agreement includes various covenants and conditions, such as maintaining a specific debt ratio and limitations on liens and subsidiary indebtedness. The termination date is set for July 28, 2030, with potential extensions, and at the time of execution, no borrowings were outstanding under the previous or new agreements.

The most recent analyst rating on (GLW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Corning stock, see the GLW Stock Forecast page.

Corning CEO to Present at J.P. Morgan Conference

On May 14, 2025, Wendell P. Weeks, Chairman and CEO of Corning Incorporated, will speak at the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference. He will discuss the company’s recent Springboard plan upgrade and provide updates on its Optical Communications and Solar business segments.

The most recent analyst rating on (GLW) stock is a Buy with a $45.00 price target. To see the full list of analyst forecasts on Corning stock, see the GLW Stock Forecast page.