GLW Stock Analysis: Corning | NYSE
Electronic Components | NYSE, USA | Market Cap: 89.095m USD | 12M Return: 32.1% | US2193501051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.32B
EPS Trend: 98.8%
Qual. Beats: 3
Rev. Trend: 97.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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 technology company headquartered in Corning, New York, founded in 1851 and renamed from Corning Glass Works in April 1989. The company operates across five primary business segments: optical communications, display, specialty materials, automotive, and life sciences, with operations spanning the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and additional international markets. Corning is classified within the Information Technology sector under the Electronic Components sub-industry, reflecting its role as a multi-segment industrial supplier rather than a pure-play technology firm.
In its largest segment, optical communications, Corning manufactures optical fibers, cables, and related hardware-including cable assemblies, connectors, couplers, closures, and network interface devices-serving the telecommunications industry, businesses, governments, and individual customers. The display segment produces glass substrates used in flat-panel displays such as liquid crystal displays (LCDs) and organic light-emitting diode (OLED) panels for televisions, notebook computers, desktop monitors, tablets, and handheld devices.
The specialty materials segment supplies material formulations, glass ceramics, crystals, precision metrology instruments, software, glass wafers and substrates, tinted sunglasses, and radiation shielding products for industries including mobile consumer electronics, semiconductor equipment, and aerospace and defense. The automotive segment provides ceramic substrates and filter products for emissions control, as well as technical glass and optical solutions for vehicle interiors and exteriors.
The life sciences segment offers laboratory products-plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, serum, general labware, and glassware-sold under the Corning, Falcon, PYREX, and Axygen brands. Additionally, the company produces polysilicon products and pharmaceutical glass tubing and vials, extending its glass-manufacturing expertise into adjacent industrial markets.
- AI data center buildout drives optical fiber revenue growth
- Display glass pricing weakens on weak TV panel demand
- Gorilla Glass faces rising competition in smartphone cover market
| Net Income: 2.15b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 3.33 > 1.0 |
| NWC/Revenue: 26.85% < 20% (prev 20.78%; Δ 6.06% < -1%) |
| CFO/TA 0.12 > 3% & CFO 4.19b > Net Income 2.15b |
| Net Debt (6.63b) to EBITDA (4.73b): 1.40 < 3 |
| Current Ratio: 1.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (871.0m) vs 12m ago 1.28% < -2% |
| Gross Margin: 36.41% > 18% (prev 35.69%; Δ 0.72% > 0.5%) |
| Asset Turnover: 55.34% > 50% (prev 49.86%; Δ 5.48% > 0%) |
| Interest Coverage Ratio: 8.84 > 6 (EBIT TTM 3.23b / Interest Expense TTM 366.0m) |
| A: 0.14 (Total Current Assets 11.3b - Total Current Liabilities 6.58b) / Total Assets 34.1b |
| B: 0.51 (Retained Earnings 17.4b / Total Assets 34.1b) |
| C: 0.10 (EBIT TTM 3.23b / Avg Total Assets 32.0b) |
| D: 0.69 (Book Value of Equity 13.7b / Total Liabilities 19.8b) |
| Altman-Z'' = 3.98 = AA |
| DSRI: 1.04 (Receivables 3.10b/2.51b, Revenue 17.7b/14.9b) |
| GMI: 0.98 (GM 35.69% / 36.41%) |
| AQI: 0.93 (AQ_t 0.21 / AQ_t-1 0.23) |
| SGI: 1.19 (Revenue 17.7b / 14.9b) |
| TATA: -0.06 (NI 2.15b - CFO 4.19b) / TA 34.1b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of November 10, 2026, the stock is trading at USD 115.95 with a total of 9,466,379 shares traded. Over the past week, the price has changed by -5.88%, over one month by -26.00%, over three months by -26.36% and over the past year by +32.07%.
Current recommended Stop Loss: 105.80 (which is 8.8% or 1.2 ATR below the current price).
Corning has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy GLW.
- StrongBuy: 13
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 180 | 55.2% |
P/E Trailing = 41.8745
P/E Forward = 26.5957
P/S = 5.0282
P/B = 7.4836
P/EG = 0.6828
Revenue TTM = 17.7b USD
EBIT TTM = 3.23b USD
EBITDA TTM = 4.73b USD
Long Term Debt = 7.27b USD (from longTermDebt, last quarter)
Short Term Debt = 933.0m USD (from shortTermDebt, last quarter)
Debt = 9.17b USD (from shortLongTermDebtTotal, last quarter) + Leases 971.0m
Net Debt = 6.63b USD (calculated: Debt 9.17b - CCE 2.54b)
Enterprise Value = 95.7b USD (89.1b + Debt 9.17b - CCE 2.54b)
Interest Coverage Ratio = 8.84 (Ebit TTM 3.23b / Interest Expense TTM 366.0m)
EV/FCF = 38.90x (Enterprise Value 95.7b / FCF TTM 2.46b)
FCF Yield = 2.57% (FCF TTM 2.46b / Enterprise Value 95.7b)
FCF Margin = 13.89% (FCF TTM 2.46b / Revenue TTM 17.7b)
Net Margin = 12.13% (Net Income TTM 2.15b / Revenue TTM 17.7b)
Gross Margin = 36.41% ((Revenue TTM 17.7b - Cost of Revenue TTM 11.3b) / Revenue TTM)
Gross Margin QoQ = 37.28% (prev 36.14%)
Tobins Q-Ratio = 2.81 (Enterprise Value 95.7b / Total Assets 34.1b)
Interest Expense / Debt = 3.99% (Interest Expense 366.0m / Debt 9.17b)
Taxrate = 16.78% (474.0m / 2.82b)
NOPAT = 2.69b (EBIT 3.23b * (1 - 16.78%))
Current Ratio = 1.72 (Total Current Assets 11.3b / Total Current Liabilities 6.58b)
Debt / Equity = 0.67 (Debt 9.17b / totalStockholderEquity, last quarter 13.7b)
Debt / EBITDA = 1.40 (Net Debt 6.63b / EBITDA 4.73b)
Debt / FCF = 2.70 (Net Debt 6.63b / FCF TTM 2.46b)
Total Stockholder Equity = 12.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.71% (Net Income 2.15b / Total Assets 34.1b)
RoE = 17.25% (Net Income TTM 2.15b / Total Stockholder Equity 12.5b)
RoCE = 16.40% (EBIT 3.23b / Capital Employed (Equity 12.5b + L.T.Debt 7.27b))
RoIC = 9.76% (NOPAT 2.69b / Invested Capital 27.6b)
WACC = 13.25% (E(89.1b)/V(98.3b) * Re(14.27%) + D(9.17b)/V(98.3b) * Rd(3.99%) * (1-Tc(0.17)))
Discount Rate = 14.27% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 62.52 | Cagr: 0.36%
[DCF] Terminal Value 63.80% ; FCFF base≈1.94b ; Y1≈2.23b ; Y5≈3.28b
[DCF] Fair Price = 22.81 (EV 26.3b - Net Debt 6.63b = Equity 19.6b / Shares 861.4m; r=13.25% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.82 | EPS CAGR: 27.14% | SUE: 2.26 | # QB: 3
Revenue Correlation: 97.30 | Revenue CAGR: 15.05% | SUE: -0.42 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.91 | Chg30d=+0.10% | Revisions=+0% | Analysts=8
EPS current Year (2026-12-31): EPS=3.37 | Chg30d=+2.80% | Revisions=+67% | GrowthEPS=+33.9% | GrowthRev=+18.4%
EPS next Year (2027-12-31): EPS=4.53 | Chg30d=+3.98% | Revisions=+44% | GrowthEPS=+34.1% | GrowthRev=+21.1%
[Analyst] Revisions Ratio: +53% (up=13, down=3)