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Corning Inc.

NYSE: GLW

Stock price

158.57 USD

(+0%) TODAY

Electronic ComponentsHardwareEquipment & Parts

Financial Performance

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5Y price score: 393

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 632.5%

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    63.3

    52-week range

    271.7

    158.57

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    Required return / cost of capital
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    FCFF terminal growth rate
    %

    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

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    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    1.7 %

    Dividend Yield TTM

    0.7 %

    Market cap $

    $ 136,590

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    72.1

    Price / Book TTM

    10.9

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    0.3

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    142.9 %

    306.8 %

    632.5 %

    Free cash flow per share growth

    46.6 %

    58 %

    41.5 %

    Earnings per share growth

    219 %

    242.6 %

    85 %

    Founded: 1,851

    Employees: 56,300

    Business Summary:Corning Incorporated is a global enterprise operating across five key business areas: display technologies, optical communications, environmental solutions, specialty materials, and life sciences. Its Display Technologies division manufactures glass substrates essential for liquid crystal displays and organic light-emitting diode screens, which are integrated into consumer electronics such as televisions, laptops, desktop monitors, tablets, and handheld devices. The Optical Communications segment provides a comprehensive range of products, including optical fibers and cables, alongside various hardware and equipment like cable assemblies, fiber optic connectors, optical components, couplers, network closures, interface devices, and other accessories. This segment serves commercial enterprises, government bodies, and individual consumers alike. The Specialty Materials division develops and produces a diverse portfolio of items, including material formulations for glass, glass ceramics, and crystals. It also offers precision measurement instruments, software, ultra-thin and ultra-flat glass wafers and substrates, tinted eyewear, and products for radiation protection. This division caters to sectors such as mobile consumer electronics, optics and consumables for semiconductor manufacturing, aerospace and defense optics, radiation shielding applications, sunglass production, and telecommunications components. Corning's Environmental Technologies segment is responsible for ceramic substrates and filtration systems, crucial for controlling emissions in mobile, gasoline, and diesel engine applications. Within the Life Sciences segment, the company supplies a variety of laboratory products. These include consumables like plastic vessels, liquid handling plastics, specialized surfaces, cell culture media, and serums, as well as general labware and equipment, all marketed under prominent brands such as Corning, Falcon, Pyrex, and Axygen. Originally founded in 1851 as Corning Glass Works, the company adopted its current name, Corning Incorporated, in April 1989. Its corporate headquarters are situated in Corning, New York.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 28, 2026)

    1) Strategy & Leadership - Corning's Springboard plan aims to grow annualized sales from $13 billion in Q4 2023 to $20 billion by the end of 2026, $30 billion by 2028, and $40 billion by 2030. - The company anticipates a sales CAGR of 19% from Q4 2026 to Q4 2030, with earnings expected to grow faster than sales. - Strong partnerships with major clients like Apple, Meta, NVIDIA, and Amazon are pivotal for growth, particularly in optical communications and AI infrastructure.

    2) Financial & Segment Results - Q2 2026 sales increased 17% YoY to $4.74 billion, with EPS rising 30% to $0.78. - Key segment performances: - Optical Communications: Sales grew 32% YoY to $2.07 billion; net income rose 77% to $438 million. - Enterprise Sales: Increased 65% YoY to $1.27 billion, driven by demand for Gen AI products. - Solar: Sales surged 90% YoY to $438 million, despite a net loss of $7 million due to maintenance shutdowns. - Glass Innovations: Sales were $1.46 billion, up 1% YoY, with net income of $354 million (up 9% YoY). - Automotive: Sales grew 2% YoY to $471 million, with net income up 4% to $82 million.

    Metric Q2 2026 YoY Change
    Sales $4.74 billion +17%
    EPS $0.78 +30%
    Gross Margin 39.6% +120 bps
    Operating Margin 20.9% +190 bps
    ROIC 14.9% +180 bps
    Free Cash Flow $1.42 billion N/A

    3) Operational or Product Plans - Corning is enhancing its manufacturing capabilities, particularly in the solar segment, with expectations for improved sales and profitability in Q3. - The company is focused on increasing its content per device through innovations in Gorilla Glass and other advanced materials. - Plans for a $10 billion revenue stream in the Photonics segment by 2030 are underway, with ongoing development in optical technologies for AI applications.

    4) Guidance & Outlook / Investor Angle - For Q3 2026, Corning expects sales to grow approximately 16% YoY, with core EPS projected to increase by 28%. - The company plans to invest approximately $2 billion in CapEx to support growth in optical communications. - Long-term, Corning aims to double its size by 2030, with a focus on maintaining or exceeding a 20% operating margin.

    5) Problems / Headwinds - The company anticipates challenges in the handheld market due to memory price impacts, which may affect overall sales in that segment. - There are uncertainties regarding the timing of the adoption of optical Scale-Up technologies, which could influence growth in the Photonics segment.

    Bottom line: Corning's strong Q2 performance and ambitious growth plans position it well for future expansion, particularly in optical communications and AI technologies. The company's strategic partnerships and ongoing innovations are expected to drive significant revenue growth, despite potential headwinds in certain markets.

    Annual Reports, Presentations And IR Contacts

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    Corning Inc. — Financial Overview, Stock Price, Market Cap

    Corning Inc. is a company. Founded in 1851. As of August 14, 2026, the company's market capitalization is $136590295160 with a current stock price of $158.57.