Corning (GLW) AI Stock Analysis

• Market Cap: $70.35B
• Dividend Yield: 1.36%
• Average Volume (3M): 7.19M
• Price to Earnings (P/E): 52.0
• Beta (1Y): 1.18
• Revenue Growth: 18.27%
• EPS Growth: 771.78%
• Country: US
• Employees: 56,300
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.67
• Shares Outstanding: 857,360,400
• 10 Day Avg. Volume: 6,945,712
• 30 Day Avg. Volume: 7,191,144
• 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: 1.13
• Enterprise Value/Revenue: 5.31
• Enterprise Value/Gross Profit: 14.88
• Enterprise Value/Ebitda: 22.93
• 1Y Price Target: $96.60
• Price Target Upside: 17.72% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 2.52
• Revenue Forecast (FY): $16.38B

• Rating: 77 Outperform
• Price Target: $98.00 ▲(19.42% Upside)

Corning's strong financial performance and positive earnings call sentiment are the primary drivers of its high score. The technical analysis supports a bullish outlook, while the high P/E ratio suggests caution regarding valuation. The company's strategic initiatives and partnerships position it well for future growth, despite some challenges in cash flow management and specific segments.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting future expansion and profitability.

Strategic Partnerships

The partnership with Apple strengthens Corning's market position in consumer electronics, ensuring stable demand and long-term growth.

Optical Communications Growth

Robust growth in Optical Communications reflects strong demand for connectivity solutions, positioning Corning well in the expanding telecom sector.

Negative Factors

Cash Flow Challenges

Negative free cash flow growth may limit Corning's ability to reinvest in business expansion or reduce debt, impacting future financial flexibility.

Automotive Segment Weakness

Weakness in the automotive segment could hinder revenue diversification efforts, affecting overall business stability if not addressed.

Rising Operating Expenses

Increased operating expenses can pressure margins and reduce profitability, necessitating cost management to sustain financial health.

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 demonstrates solid financial health with strong revenue growth and profitability improvements. The balance sheet is stable, though leverage should be monitored. Cash flow management presents some challenges, particularly in free cash flow generation, which could impact future investments.

Income Statement

Corning's income statement shows a strong performance with a consistent increase in revenue, highlighted by a 4.99% growth in the TTM period. The gross profit margin has improved to 35.69% in the TTM, indicating efficient cost management. The net profit margin also increased to 9.16%, reflecting enhanced profitability. However, the EBIT and EBITDA margins, while healthy, show room for improvement compared to historical highs.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.71 in the TTM, indicating manageable leverage. The return on equity has improved to 16.74%, showcasing effective use of equity to generate profits. However, the equity ratio has slightly decreased, suggesting a need for cautious monitoring of asset financing.

Cash Flow

Cash flow analysis reveals a mixed picture. Operating cash flow remains strong, but free cash flow growth is negative at -2.68% in the TTM, indicating potential challenges in cash generation. The operating cash flow to net income ratio is healthy at 0.41, but the free cash flow to net income ratio suggests limited cash availability for reinvestment or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.91B	13.12B	12.59B	14.19B	14.08B	11.30B
Gross Profit	5.32B	4.28B	3.93B	4.51B	5.06B	3.53B
EBITDA	3.45B	2.49B	2.51B	3.54B	4.21B	2.42B
Net Income	1.37B	506.00M	581.00M	1.32B	1.91B	512.00M
Balance Sheet
Total Assets	29.92B	27.73B	28.50B	29.50B	30.15B	30.77B
Cash, Cash Equivalents and Short-Term Investments	1.65B	1.77B	1.78B	1.67B	2.15B	2.67B
Total Debt	9.19B	8.09B	8.48B	7.82B	7.83B	8.70B
Total Liabilities	17.91B	16.66B	16.63B	17.22B	17.61B	17.33B
Stockholders Equity	11.54B	10.69B	11.55B	12.01B	12.33B	13.26B
Cash Flow
Free Cash Flow	1.16B	974.00M	615.00M	1.01B	1.77B	803.00M
Operating Cash Flow	2.27B	1.94B	2.00B	2.62B	3.41B	2.18B
Investing Cash Flow	-972.00M	-744.00M	-1.00B	-1.35B	-1.42B	-1.31B
Financing Cash Flow	-1.24B	-1.16B	-883.00M	-1.65B	-2.45B	-729.00M

Corning Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 82.06
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLW, the sentiment is Neutral. The current price of 82.06 is below the 20-day moving average (MA) of 86.58, below the 50-day MA of 83.07, and above the 200-day MA of 59.25, indicating a neutral trend. The MACD of 0.57 indicates Positive momentum. The RSI at 43.48 is Neutral, neither overbought nor oversold. The STOCH value of 29.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GLW.

Corning Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEL	79 Outperform	$69.82B	38.52	14.78%	1.15%	8.94%	-39.90%
APH	77 Outperform	$163.71B	44.58	34.78%	0.51%	47.37%	72.30%
GLW	77 Outperform	$70.35B	52.04	12.07%	1.36%	18.27%	771.78%
GRMN	74 Outperform	$37.34B	23.92	19.66%	1.70%	16.56%	3.19%
COHR	67 Neutral	$21.90B	200.79	3.08%	―	20.80%	―
CGNX	66 Neutral	$6.16B	56.79	7.21%	0.88%	10.23%	25.53%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Corning Corporate Events

Corning Inc. Reports Strong Q3 2025 Results

Corning Incorporated is a leading innovator in materials science, specializing in glass, ceramics, and optical physics, with applications across industries such as optical communications, mobile consumer electronics, and life sciences.

Corning Inc. Earnings Call Highlights Growth and Challenges

Corning Inc.’s recent earnings call reflected a generally positive sentiment, underscored by strong performance in key segments like Optical Communications and promising future prospects in solar and mobile consumer electronics. The company showcased its strategic initiatives, such as the Springboard plan and a partnership with Apple, as pivotal to its growth trajectory. However, challenges were noted in the automotive segment, coupled with rising operating expenses.

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.