GLW Stock Analysis: Corning | NYSE
Electronic Components | NYSE, USA | Market Cap: 133.063m USD | 12M Return: 190% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.03B
EPS Trend: 89.5%
Qual. Beats: 1
Rev. Trend: 82.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 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: 1.81b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.88 > 1.0 |
| NWC/Revenue: 22.12% < 20% (prev 22.96%; Δ -0.84% < -1%) |
| CFO/TA 0.09 > 3% & CFO 2.91b > Net Income 1.81b |
| Net Debt (8.17b) to EBITDA (3.77b): 2.17 < 3 |
| Current Ratio: 1.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (862.8m) vs 12m ago -0.37% < -2% |
| Gross Margin: 36.31% > 18% (prev 33.08%; Δ 3.23% > 0.5%) |
| Asset Turnover: 55.66% > 50% (prev 49.63%; Δ 6.03% > 0%) |
| Interest Coverage Ratio: 7.90 > 6 (EBIT TTM 2.73b / Interest Expense TTM 346.0m) |
| A: 0.12 (Total Current Assets 9.53b - Total Current Liabilities 5.92b) / Total Assets 31.3b |
| B: 0.53 (Retained Earnings 16.7b / Total Assets 31.3b) |
| C: 0.09 (EBIT TTM 2.73b / Avg Total Assets 29.3b) |
| D: 0.62 (Book Value of Equity 11.8b / Total Liabilities 18.9b) |
| Altman-Z'' = 3.78 = AA |
| DSRI: 1.09 (Receivables 2.68b/2.04b, Revenue 16.3b/13.6b) |
| GMI: 0.91 (GM 33.08% / 36.31%) |
| AQI: 0.95 (AQ_t 0.22 / AQ_t-1 0.23) |
| SGI: 1.20 (Revenue 16.3b / 13.6b) |
| TATA: -0.04 (NI 1.81b - CFO 2.91b) / TA 31.3b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of July 20, 2026, the stock is trading at USD 154.61 with a total of 14,202,527 shares traded. Over the past week, the price has changed by -19.01%, over one month by -26.32%, over three months by -6.37% and over the past year by +189.98%.
Current recommended Stop Loss: 108.90 (which is 29.6% or 2.6 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 | 214.1 | 38.5% |
P/E Trailing = 73.9761
P/E Forward = 48.7805
P/S = 8.2629
P/B = 11.2651
P/EG = 1.4713
Revenue TTM = 16.3b USD
EBIT TTM = 2.73b USD
EBITDA TTM = 3.77b USD
Long Term Debt = 7.72b USD (from longTermDebt, last quarter)
Short Term Debt = 1.25b USD (from shortTermDebt, last quarter)
Debt = 9.92b USD (from shortLongTermDebtTotal, last quarter) + Leases 951.0m
Net Debt = 8.17b USD (calculated: Debt 9.92b - CCE 1.75b)
Enterprise Value = 141b USD (133b + Debt 9.92b - CCE 1.75b)
Interest Coverage Ratio = 7.90 (Ebit TTM 2.73b / Interest Expense TTM 346.0m)
EV/FCF = 94.15x (Enterprise Value 141b / FCF TTM 1.50b)
FCF Yield = 1.06% (FCF TTM 1.50b / Enterprise Value 141b)
FCF Margin = 9.19% (FCF TTM 1.50b / Revenue TTM 16.3b)
Net Margin = 11.09% (Net Income TTM 1.81b / Revenue TTM 16.3b)
Gross Margin = 36.31% ((Revenue TTM 16.3b - Cost of Revenue TTM 10.4b) / Revenue TTM)
Gross Margin QoQ = 36.87% (prev 35.26%)
Tobins Q-Ratio = 4.52 (Enterprise Value 141b / Total Assets 31.3b)
Interest Expense / Debt = 3.49% (Interest Expense 346.0m / Debt 9.92b)
Taxrate = 16.06% (376.0m / 2.34b)
NOPAT = 2.29b (EBIT 2.73b * (1 - 16.06%))
Current Ratio = 1.61 (Total Current Assets 9.53b / Total Current Liabilities 5.92b)
Debt / Equity = 0.84 (Debt 9.92b / totalStockholderEquity, last quarter 11.8b)
Debt / EBITDA = 2.17 (Net Debt 8.17b / EBITDA 3.77b)
Debt / FCF = 5.45 (Net Debt 8.17b / FCF TTM 1.50b)
Total Stockholder Equity = 11.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.17% (Net Income 1.81b / Total Assets 31.3b)
RoE = 15.65% (Net Income TTM 1.81b / Total Stockholder Equity 11.6b)
RoCE = 14.17% (EBIT 2.73b / Capital Employed (Equity 11.6b + L.T.Debt 7.72b))
RoIC = 8.90% (NOPAT 2.29b / Invested Capital 25.8b)
WACC = 11.72% (E(133b)/V(143b) * Re(12.38%) + D(9.92b)/V(143b) * Rd(3.49%) * (1-Tc(0.16)))
Discount Rate = 12.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 41.59 | Cagr: 0.61%
[DCF] Terminal Value 67.86% ; FCFF base≈1.33b ; Y1≈1.52b ; Y5≈2.24b
[DCF] Fair Price = 15.02 (EV 21.1b - Net Debt 8.17b = Equity 12.9b / Shares 860.6m; r=11.72% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 89.51 | EPS CAGR: 18.21% | SUE: 0.86 | # QB: 1
Revenue Correlation: 82.20 | Revenue CAGR: 8.89% | SUE: -0.39 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.75 | Chg30d=+0.07% | Revisions=+0% | Analysts=12
EPS next Quarter (2026-09-30): EPS=0.85 | Chg30d=-0.14% | Revisions=-40% | Analysts=12
EPS current Year (2026-12-31): EPS=3.20 | Chg30d=+0.38% | Revisions=+17% | GrowthEPS=+27.1% | GrowthRev=+15.4%
EPS next Year (2027-12-31): EPS=4.29 | Chg30d=+2.47% | Revisions=+0% | GrowthEPS=+33.9% | GrowthRev=+19.3%
[Analyst] Revisions Ratio: -7% (up=5, down=6)