Corning Incorporated (GLW) AI Stock Analysis

Corning Incorporated operates across five key segments: Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies, and Life Sciences. Display Technologies produces glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, monitors, tablets, and handheld devices. Optical Communications provides optical fibers, cables, connectors, closures, and network hardware for high-speed networks. Specialty Materials manufactures glass, glass ceramics, crystals, and precision instruments for consumer electronics, semiconductors, and aerospace optics. Environmental Technologies supplies ceramic substrates and filters for mobile vehicle emissions control, while Life Sciences provides laboratory products.

Between FY2020 and FY2025, Corning generated a 5-year revenue compound annual growth rate of 6.7%. Revenue dropped 11.3% in FY2023 to $12.59B before recovering 4.2% in FY2024 to $13.12B and 19.1% in FY2025 to $15.63B. Net margin reached 10.2% in FY2025 as net income increased to $1.60B from $506.0M in FY2024. Over the trailing twelve months, revenue totaled $16.96B with an operating margin of 15.7% and a profit margin of 11.2%. For the latest quarter ended June 30, 2026, quarterly revenue grew 16.6% year-over-year and quarterly earnings rose 18.5%.

As of June 30, 2026, Corning held $2.50B in cash and short-term investments alongside $9.38B in total debt, resulting in net debt of $6.88B. Shareholders' equity stood at $12.56B, reflecting a debt-to-equity ratio of 0.75 and a current ratio of 1.81. In FY2025, operating cash flow reached $2.69B, supporting free cash flow of $1.41B. Capital expenditures totaled $1.28B, while capital returns included $999.0M in dividends paid and $163.0M in share buybacks.

Corning trades at a trailing P/E of 60.6x and a forward P/E of 38.5x, both above the median of its S&P 500 Technology peers at 30.8x and 20.3x, respectively. Its enterprise value of $139.94B corresponds to an EV/EBITDA of 34.4x, compared to the peer median of 19.5x. Over the past year, Corning shares gained 53.5%, outperforming the S&P 500 return of 16.8%. Over five years, the stock returned 294.2% compared to 83.0% for the index. The PEG ratio stands at 0.95.

Corning pays a quarterly dividend with a forward annual payout of $1.12 per share, yielding 0.85% based on its recent close. The dividend payout ratio is 39.0%, and the company has maintained 20 consecutive years of dividend payments. Over the past five years, dividend growth annualized at 4.9%. The last ex-dividend date is November 13, 2026.

Corning is covered by 18 analysts, with 13 Strong Buy and 5 Hold ratings. The mean price target is $187.71, representing a 42.2% upside to the last close of $132.00. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $19.31B and EPS of $3.29, representing 30.4% earnings growth. The company beat EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 27, 2026.

This page is an AI-written research summary of Corning Incorporated (GLW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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