GLW Stock Analysis: Corning | NYSE
Electronic Components | NYSE, USA | Market Cap: 140.336m USD | 12M Return: 73.8% | US2193501051 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.20B
EPS Trend: 95.8%
Qual. Beats: 2
Rev. Trend: 92.2%
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: 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 (7.83b) to EBITDA (4.24b): 1.84 < 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: 7.87 > 6 (EBIT TTM 2.81b / 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 2.81b / Avg Total Assets 30.9b) |
| D: 0.63 (Book Value of Equity 12.6b / Total Liabilities 19.8b) |
| Altman-Z'' = 3.91 = 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 October 13, 2026, the stock is trading at USD 147.28 with a total of 7,996,433 shares traded. Over the past week, the price has changed by -7.59%, over one month by +2.56%, over three months by -19.42% and over the past year by +73.76%.
Current recommended Stop Loss: 137.00 (which is 7% or 1.2 ATR below the current price).
Corning has received a consensus analysts rating of 4.44. Therefore, it is recommended to buy GLW.
- StrongBuy: 13
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 187.7 | 27.5% |
P/E Trailing = 74.8853
P/E Forward = 38.4615
P/S = 8.2894
P/B = 10.9518
P/EG = 0.9548
Revenue TTM = 17.0b USD
EBIT TTM = 2.81b USD
EBITDA TTM = 4.24b USD
Long Term Debt = 7.76b USD (from longTermDebt, last quarter)
Short Term Debt = 758.0m USD (from shortTermDebt, last quarter)
Debt = 10.3b USD (from shortLongTermDebtTotal, last quarter) + Leases 955.0m
Net Debt = 7.83b USD (calculated: Debt 10.3b - CCE 2.50b)
Enterprise Value = 148b USD (140b + Debt 10.3b - CCE 2.50b)
Interest Coverage Ratio = 7.87 (Ebit TTM 2.81b / Interest Expense TTM 357.0m)
EV/FCF = 61.86x (Enterprise Value 148b / FCF TTM 2.40b)
FCF Yield = 1.62% (FCF TTM 2.40b / Enterprise Value 148b)
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 = 4.50 (Enterprise Value 148b / Total Assets 33.0b)
Interest Expense / Debt = 3.45% (Interest Expense 357.0m / Debt 10.3b)
Taxrate = 13.80% (332.0m / 2.41b)
NOPAT = 2.42b (EBIT 2.81b * (1 - 13.80%))
Current Ratio = 1.81 (Total Current Assets 10.9b / Total Current Liabilities 6.02b)
Debt / Equity = 0.82 (Debt 10.3b / totalStockholderEquity, last quarter 12.6b)
Debt / EBITDA = 1.84 (Net Debt 7.83b / EBITDA 4.24b)
Debt / FCF = 3.27 (Net Debt 7.83b / 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 = 14.26% (EBIT 2.81b / Capital Employed (Equity 11.9b + L.T.Debt 7.76b))
RoIC = 9.02% (NOPAT 2.42b / Invested Capital 26.8b)
WACC = 13.88% (E(140b)/V(151b) * Re(14.68%) + D(10.3b)/V(151b) * Rd(3.45%) * (1-Tc(0.14)))
Discount Rate = 14.68% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 45.06 | Cagr: 0.59%
[DCF] Terminal Value 62.21% ; FCFF base≈1.91b ; Y1≈2.19b ; Y5≈3.23b
[DCF] Fair Price = 19.31 (EV 24.4b - Net Debt 7.83b = Equity 16.6b / Shares 859.6m; r=13.88% [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=0.87 | Chg30d=+0.19% | Revisions=+25% | Analysts=13
EPS current Year (2026-12-31): EPS=3.28 | Chg30d=+0.42% | Revisions=+40% | GrowthEPS=+30.3% | GrowthRev=+17.5%
EPS next Year (2027-12-31): EPS=4.37 | Chg30d=+1.11% | Revisions=+40% | GrowthEPS=+33.0% | GrowthRev=+19.3%
[Analyst] Revisions Ratio: +62% (up=5, down=0)