Corning Inc (GLW)
Information Technology · Electronic Components · US stock · S&P 500 component
$132.00
▼ -6.43 (4.64%)
Fair valueOvervalued
$40 −70.1% to fair value
$20fair band $24–$55$59
Day's range
$131.63 – $137.65
52-week range
$76.98 – $271.27
About Corning Inc
Corning is a materials science company that makes specialty glass, ceramics and optical fibre. Its products include cover glass for smartphones, glass for displays, optical fibre and cable for telecom and data centre networks, ceramic substrates for vehicle emissions control, and laboratory products. Customers include electronics makers, telecom carriers, car and truck makers and scientific laboratories.
Revenue comes from supplying these materials and components to manufacturers and network operators. It totals $17.0 billion over the last twelve months, with growth of 3.3% a year across three years. The operating margin is 15.3%, and the business earns a profit of 12% on the capital invested in it. Corning has net debt of 2.3 times EBITDA, and the dividend yield is 0.8%. On the site's X-Ray Score it receives 36 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $76.98 – $271.27Volume 7,715,500Daily, split-adjusted
Vitals
Market cap$115.5B
52-week range$76.98 – $271.27
Volume (last day)7,715,500
P/E (TTM)60.5
EBIT / EV yield2.1%
Free-cash-flow yield–
Dividend yield0.8%
Revenue (TTM)$17.0B
Net income (TTM)$1.9B
Operating margin15.3%
Return on capital12.1%
Debt incl. leases$8.4B
Cash & securities$2.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$40model spread $38 – $42
Overvalued
−70.1% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.67x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $132
Undervalued < $24Fair $24 – $55Overvalued > $55
10-year DCF (market-scaled)
$27
Peer multiples
$49
Earnings power floor (not blended)
$11
Fundamentals-adjusted multiple
$42
Growth the price implies
39.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
18/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.1%
Fair value vs price0.3×
Growth
Weak
48/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.3%
EPS growth (3y)5.9%
Growth consistency90%
Profitability
Weak
40/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital12.1%
Operating margin15.3%
Gross profitability18.7%
Financial health
Weak
36/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA2.3×
Interest cover7.3×
Dividends
Weak
46/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.8%
Dividend growth2.3%
Quarterly results: last 6 quarters
+16.0%
Mar '25
+18.8%
Jun '25
+20.9%
Sep '25
+20.4%
Dec '25
+20.0%
Mar '26
+16.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $4.5B, diluted EPS $0.64.
Compare with peers
APH Amphenol Corp63 COHR Coherent Corp.30Other Electronic Components companies by X-Ray Score.
Fundamentals checklist
● 1 Good · ● 5 Average · ● 8 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 38/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $14.1B | $14.2B | $12.6B | $13.1B | $15.6B |
| Operating income | $2.1B | $1.4B | $890M | $1.1B | $2.3B |
| Net income | $1.9B | $1.3B | $581M | $506M | $1.6B |
| Operating cash flow | $3.4B | $2.6B | $2.0B | $1.9B | $2.7B |
| Operating margin | 15.0% | 10.1% | 7.1% | 8.7% | 14.6% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $1.28 | $1.54 | $0.68 | $0.58 | $1.83 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 150.8 | Bearish |
| EMA 10 | 146.7 | Bearish |
| SMA 20 | 154.0 | Bearish |
| EMA 20 | 150.8 | Bearish |
| SMA 50 | 154.3 | Bearish |
| EMA 50 | 155.2 | Bearish |
| SMA 100 | 166.8 | Bearish |
| EMA 100 | 157.4 | Bearish |
| SMA 200 | 153.3 | Bearish |
| EMA 200 | 146.7 | Bearish |
Oscillators (daily)
| RSI (14) | 35.91 | Neutral |
| MACD (12, 26) | -3.88 | Bearish |
| Momentum (12) | -14.15 | Bearish |
| Stochastic %K (14) | 0.95 | Bullish |
| Williams %R (14) | -99.05 | Bullish |
| CCI (20) | -211.8 | Bullish |
Pivot points (classic, last session)
S3 123.8 | S2 127.7 | S1 129.9 | Pivot 133.8 | R1 135.9 | R2 139.8 | R3 141.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.12 USD
Yield on today's price
0.85%
Frequency
Quarterly
Next ex-dividend date
13 Nov 2026
| Ex-dividend date | Amount per share |
|---|---|
| 13 Nov 2026 (upcoming) | 0.2800 |
| 31 Aug 2026 | 0.2800 |
| 29 May 2026 | 0.2800 |
| 27 Feb 2026 | 0.2800 |
| 14 Nov 2025 | 0.2800 |
| 29 Aug 2025 | 0.2800 |
| 30 May 2025 | 0.2800 |
| 28 Feb 2025 | 0.2800 |
| 15 Nov 2024 | 0.2800 |
| 30 Aug 2024 | 0.2800 |
| 31 May 2024 | 0.2800 |
| 28 Feb 2024 | 0.2800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
GLW SEC filings
11 Sep 2026
8-KSEC EDGAR
Other events
11 Sep 2026
424B5SEC EDGAR
424B5
4 Sep 2026
8-KSEC EDGAR
Regulation FD disclosure
29 Jul 2026
10-QSEC EDGAR
Quarterly report
28 Jul 2026
8-KSEC EDGAR
Results of operations
15 May 2026
8-KSEC EDGAR
Regulation FD disclosure
6 May 2026
8-KSEC EDGAR
Regulation FD disclosure
4 May 2026
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.