GLW Stock Analysis: Corning | NYSE
Electronic Components | NYSE, USA | Market Cap: 108.323m USD | 12M Return: 120.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.00B
EPS Trend: 95.8%
Qual. Beats: 2
Rev. Trend: 92.2%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Corning Incorporated (NYSE: GLW) is a diversified manufacturer operating across five business segments: optical communications, display technologies, specialty materials, automotive, and life sciences. The company sells into the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and other international markets.
The optical communications segment supplies fiber optic cables, connectors, hardware, closures, and network interface devices to telecom carriers, enterprises, and government customers. The display business produces glass substrates for LCD and OLED panels used in televisions, monitors, laptops, tablets, and handheld devices.
Specialty materials include glass, glass ceramics, crystals, metrology instruments, glass wafers and substrates, tinted sunglasses, and radiation shielding products serving semiconductor equipment, aerospace and defense, and consumer electronics markets. The automotive segment provides ceramic substrates and filters for gasoline and diesel emissions control, plus glass and optics for vehicle interiors and exteriors. The life sciences segment offers laboratory plastics, cell culture media, and glassware under the Corning, Falcon, PYREX, and Axygen brands. The company also produces polysilicon and pharmaceutical glass tubing and vials.
Corning is classified under the GICS Information Technology sector, Electronic Components sub-industry, with a product footprint tied to telecom infrastructure buildouts (fiber-to-the-home, 5G, data centers) and consumer electronics supply chains. Founded in 1851 and headquartered in Corning, New York, the company was renamed from Corning Glass Works to Corning Incorporated in April 1989.
- Optical Communications revenue surges on AI data center fiber demand
- Display glass prices decline as LCD panel makers cut utilization
- BEAD federal broadband funding accelerates fiber-to-home deployments
| Net Income: 1.90b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 3.11 > 1.0 |
| NWC/Revenue: 28.86% < 20% (prev 19.15%; Δ 9.71% < -1%) |
| CFO/TA 0.12 > 3% & CFO 3.92b > Net Income 1.90b |
| Net Debt (6.87b) to EBITDA (3.97b): 1.73 < 3 |
| Current Ratio: 1.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (873.4m) vs 12m ago 0.86% < -2% |
| Gross Margin: 36.32% > 18% (prev 34.77%; Δ 1.55% > 0.5%) |
| Asset Turnover: 54.99% > 50% (prev 49.42%; Δ 5.57% > 0%) |
| Interest Coverage Ratio: 7.35 > 6 (EBIT TTM 2.62b / Interest Expense TTM 357.0m) |
| A: 0.15 (Total Current Assets 10.9b - Total Current Liabilities 6.02b) / Total Assets 33.0b |
| B: 0.51 (Retained Earnings 16.7b / Total Assets 33.0b) |
| C: 0.09 (EBIT TTM 2.62b / Avg Total Assets 30.9b) |
| D: 0.63 (Book Value of Equity 12.6b / Total Liabilities 19.8b) |
| Altman-Z'' = 3.87 = AA |
| DSRI: 1.07 (Receivables 2.93b/2.30b, Revenue 17.0b/14.2b) |
| GMI: 0.96 (GM 34.77% / 36.32%) |
| AQI: 0.93 (AQ_t 0.22 / AQ_t-1 0.23) |
| SGI: 1.19 (Revenue 17.0b / 14.2b) |
| TATA: -0.06 (NI 1.90b - CFO 3.92b) / TA 33.0b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of August 04, 2026, the stock is trading at USD 138.25 with a total of 12,315,316 shares traded. Over the past week, the price has changed by -5.73%, over one month by -29.75%, over three months by -13.44% and over the past year by +120.13%.
Current recommended Stop Loss: 111.00 (which is 19.7% or 1.8 ATR below the current price).
Corning has received a consensus analysts rating of 4.19. Therefore, it is recommended to buy GLW.
- StrongBuy: 10
- Buy: 0
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 215.5 | 55.9% |
P/E Trailing = 68.8579
P/E Forward = 45.2489
P/S = 6.637
P/B = 10.4454
P/EG = 1.3642
Revenue TTM = 17.0b USD
EBIT TTM = 2.62b USD
EBITDA TTM = 3.97b USD
Long Term Debt = 7.63b USD (from longTermDebt, last fiscal year)
Short Term Debt = 668.0m USD (from shortTermDebt, last quarter)
Debt = 9.38b USD (from shortLongTermDebtTotal, last quarter) + Leases 951.0m
Net Debt = 6.87b USD (calculated: Debt 9.38b - CCE 2.50b)
Enterprise Value = 115b USD (108b + Debt 9.38b - CCE 2.50b)
Interest Coverage Ratio = 7.35 (Ebit TTM 2.62b / Interest Expense TTM 357.0m)
EV/FCF = 48.10x (Enterprise Value 115b / FCF TTM 2.40b)
FCF Yield = 2.08% (FCF TTM 2.40b / Enterprise Value 115b)
FCF Margin = 14.12% (FCF TTM 2.40b / Revenue TTM 17.0b)
Net Margin = 11.20% (Net Income TTM 1.90b / Revenue TTM 17.0b)
Gross Margin = 36.32% ((Revenue TTM 17.0b - Cost of Revenue TTM 10.8b) / Revenue TTM)
Gross Margin QoQ = 36.14% (prev 36.87%)
Tobins Q-Ratio = 3.50 (Enterprise Value 115b / Total Assets 33.0b)
Interest Expense / Debt = 3.81% (Interest Expense 357.0m / Debt 9.38b)
Taxrate = 13.80% (332.0m / 2.41b)
NOPAT = 2.26b (EBIT 2.62b * (1 - 13.80%))
Current Ratio = 1.81 (Total Current Assets 10.9b / Total Current Liabilities 6.02b)
Debt / Equity = 0.75 (Debt 9.38b / totalStockholderEquity, last quarter 12.6b)
Debt / EBITDA = 1.73 (Net Debt 6.87b / EBITDA 3.97b)
Debt / FCF = 2.87 (Net Debt 6.87b / FCF TTM 2.40b)
Total Stockholder Equity = 11.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.16% (Net Income 1.90b / Total Assets 33.0b)
RoE = 15.93% (Net Income TTM 1.90b / Total Stockholder Equity 11.9b)
RoCE = 13.42% (EBIT 2.62b / Capital Employed (Equity 11.9b + L.T.Debt 7.63b))
RoIC = 8.45% (NOPAT 2.26b / Invested Capital 26.8b)
WACC = 12.60% (E(108b)/V(118b) * Re(13.41%) + D(9.38b)/V(118b) * Rd(3.81%) * (1-Tc(0.14)))
Discount Rate = 13.41% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 45.06 | Cagr: 0.59%
[DCF] Terminal Value 65.48% ; FCFF base≈1.91b ; Y1≈2.19b ; Y5≈3.23b
[DCF] Fair Price = 24.16 (EV 27.6b - Net Debt 6.87b = Equity 20.8b / Shares 859.6m; r=12.60% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.75 | EPS CAGR: 22.97% | SUE: 1.87 | # QB: 2
Revenue Correlation: 92.18 | Revenue CAGR: 12.17% | SUE: -0.30 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.85 | Chg30d=+0.20% | Revisions=-40% | Analysts=11
EPS current Year (2026-12-31): EPS=3.21 | Chg30d=+0.85% | Revisions=+17% | GrowthEPS=+27.4% | GrowthRev=+16.4%
EPS next Year (2027-12-31): EPS=4.28 | Chg30d=+1.80% | Revisions=+0% | GrowthEPS=+33.3% | GrowthRev=+19.0%
[Analyst] Revisions Ratio: -8% (up=4, down=5)