Corning (GLW) AI Stock Analysis

• Market Cap: $74.88B
• Dividend Yield: 1.25%
• Average Volume (3M): 7.45M
• Price to Earnings (P/E): 92.5
• Beta (1Y): 1.12
• Revenue Growth: 14.63%
• EPS Growth: 86.61%
• Country: US
• Employees: 56,300
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.67
• Shares Outstanding: 856,618,700
• 10 Day Avg. Volume: 6,000,181
• 30 Day Avg. Volume: 7,450,570
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 3.73
• Enterprise Value/Gross Profit: 10.71
• Enterprise Value/Ebitda: 18.70
• 1Y Price Target: $81.40
• Price Target Upside: -8.92% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 78 Outperform
• Price Target: $102.00 ▲(14.13% Upside)

Corning's strong financial performance and positive technical indicators are the primary drivers of its overall score. Despite a high P/E ratio suggesting overvaluation, the company's robust earnings call and strategic growth initiatives in key segments like Optical Communications and solar provide a positive outlook.

Positive Factors

Revenue Growth

Corning's strong revenue growth reflects its ability to expand market reach and product adoption, supporting long-term business sustainability.

Strategic Partnerships

The partnership with Apple enhances Corning's market position in mobile consumer electronics, ensuring stable demand and growth prospects.

Cash Generation

Strong cash generation supports Corning's financial stability, enabling reinvestment in growth opportunities and shareholder returns.

Negative Factors

Margin Pressure

Margin compression could limit profitability, affecting Corning's ability to sustain high returns and invest in growth over time.

Operating Expenses

Increased operating expenses may strain profitability and cash flow, potentially impacting Corning's financial flexibility and growth capacity.

Automotive Segment Challenges

Weakness in the automotive segment could hinder revenue diversification efforts, impacting Corning's overall growth and market resilience.

Corning Business Overview & Revenue Model

Company Description

Corning Incorporated (GLW) is a global leader in materials science, specializing in glass, ceramics, and optical physics. The company operates through four primary segments: Display Technologies, Optical Communications, Environmental Technologies, and Specialty Materials. Corning is well-known for its innovative products, including Gorilla Glass used in smartphones and tablets, optical fibers for telecommunications, and advanced glass substrates for displays. With a strong focus on research and development, Corning continually seeks to enhance its product offerings and expand into new markets.

How the Company Makes Money

Corning generates revenue through multiple key streams, primarily from the sale of its specialty glass and ceramics products. The Display Technologies segment contributes significantly by supplying glass substrates for LCD and OLED displays, while the Optical Communications segment earns revenue from optical fiber, cable, and connectivity solutions for telecommunications networks. Environmental Technologies produces products that reduce emissions in automotive applications, further diversifying revenue sources. Corning also benefits from strategic partnerships with major technology companies and manufacturers, which enhances its distribution channels and market presence. Additionally, ongoing investments in research and development allow Corning to introduce innovative products that meet evolving customer needs, thus driving future revenue growth.

Corning Financial Statement Overview

Summary

Corning exhibits a strong financial position with healthy revenue growth and robust cash generation. The company maintains stable margins and a well-balanced capital structure, although 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	2.83B	2.49B	2.51B	3.54B	4.21B	2.42B
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	8.50B	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: 89.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• 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 89.37 is above the 20-day moving average (MA) of 85.24, above the 50-day MA of 77.75, and above the 200-day MA of 56.82, indicating a bullish trend. The MACD of 2.60 indicates Positive momentum. The RSI at 67.24 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 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	―	$48.21B	30.90	20.73%	1.31%	19.65%	13.58%
TEL	―	$69.63B	48.65	11.63%	1.15%	4.86%	-56.43%
GLW	―	$74.88B	92.55	7.55%	1.25%	14.63%	86.61%
APH	―	$163.38B	44.61	34.78%	0.51%	47.37%	72.30%
CGNX	―	$8.12B	67.67	8.10%	0.66%	10.14%	57.53%
COHR	―	$20.15B	-253.79	0.63%	―	23.42%	71.17%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Corning Corporate Events

Corning Appoints Ami Badani to Board of Directors

On October 7, 2025, Corning Incorporated appointed Ami Badani, Chief Marketing Officer at Arm Holdings plc, to its Board of Directors. Her expertise in AI and semiconductor packaging aligns with Corning’s growth initiatives, and she will serve until the annual meeting in spring 2026. This appointment is expected to enhance Corning’s strategic direction in innovation and market expansion.

The most recent analyst rating on (GLW) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on Corning stock, see the GLW Stock Forecast page.

Corning CFO to Present at Citi 2025 Conference

On September 4, 2025, Edward A. Schlesinger, Executive Vice President and Chief Financial Officer of Corning Incorporated, will present business updates at the Citi 2025 Global TMT Conference. The presentation will be accessible via a live audio webcast, with a replay and transcript available for 12 months, indicating Corning’s commitment to transparency and stakeholder engagement.

The most recent analyst rating on (GLW) stock is a Buy with a $84.00 price target. To see the full list of analyst forecasts on Corning stock, see the GLW Stock Forecast page.

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 Inc Reports Strong Q2 2025 Financial Results

Corning Incorporated is a leading innovator in materials science, specializing in glass, ceramics, and optical physics, with applications across various industries including optical communications, mobile consumer electronics, and automotive. The company recently reported its second-quarter 2025 financial results, showcasing impressive growth across several key metrics. Core sales increased by 12% year-over-year to $4.05 billion, while core EPS saw a significant rise of 28% to $0.60. The company’s Optical Communications segment experienced remarkable growth, with enterprise sales surging 81% due to strong demand for new Gen AI products. Additionally, the company’s adjusted free cash flow grew by 28% year-over-year, reaching $451 million. Looking ahead, Corning’s management anticipates continued strong performance, driven by its Springboard plan and robust customer response to new product offerings. The company expects double-digit year-over-year growth in core sales and earnings for the third quarter of 2025, positioning itself for sustained growth through 2026 and beyond.

Corning Inc Shines with Record Earnings and Growth

Corning Inc’s recent earnings call painted a picture of robust performance, characterized by record sales and earnings per share (EPS). The company has experienced strong demand for its new Gen AI and solar products, which have significantly contributed to its positive outlook. Despite facing challenges such as tariff impacts and increased production ramp costs, the momentum from the Springboard plan and substantial growth in Optical Communications and other segments provide a promising future for Corning.