Full text
Earnings transcript
Read the complete earnings call transcript.
GLW
Corning Incorporated
$173.94
-13.6
(-7.25%)
| Exchange: | NYSE |
| Market Cap: | 149.699B |
| Shares Outstanding: | 515.267M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Hardware, Equipment & Parts | |||||
| CEO: | Wendell Weeks | |||||
| Full Time Employees: | 56300 | |||||
| Address: |
| |||||
| Website: | https://www.corning.com |
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.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,588,000 | 13,118,000 | 15,629,000 |
| Gross Profit | 3,931,000 | 4,276,000 | 5,514,000 |
| EBITDA | 2,514,000 | 2,492,000 | 3,735,000 |
| Operating Income | 890,000 | 1,135,000 | 2,331,000 |
| Net Income | 581,000 | 506,000 | 1,596,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 28,500,000 | 27,735,000 | 30,976,000 |
| Total Liabilities | 16,632,000 | 16,665,000 | 18,669,000 |
| Total Stockholders Equity | 11,551,000 | 10,686,000 | 11,807,000 |
| Total Debt | 8,484,000 | 8,091,000 | 8,434,000 |
| Cash and Cash Equivalents | 1,779,000 | 1,768,000 | 1,526,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,005,000 | 1,939,000 | 2,695,000 |
| Capital Expenditure | -1,390,000 | -965,000 | -1,282,000 |
| Free Cash Flow | 615,000 | 974,000 | 1,413,000 |
| Net Income | 648,000 | 592,000 | 1,596,000 |
| Net Change in Cash | 108,000 | -11,000 | -202,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 29,380,551.498 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 32,368,106.896 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 30,729,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 6,916,008.554 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 7,619,261.476 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 7,233,425.379 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 5,190,014.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 5,885,659.406 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 5,504,000.006 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 4,053,078.384 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 4,465,214.834 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 4,239,098.292 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 6.400 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 6.840 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.030 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 4 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Detailed segmentation of revenue by product category and geographic region supports targeted analysis of diversified income streams.
- Availability of TTM key metrics such as free cash flow yield, ROE, and debt-to-equity ratio enables assessment of operational efficiency and balance sheet structure.
- Forward P/E estimates provide a basis for evaluating future valuation relative to current price levels.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates GLW intrinsic value between $16.78 – $41.78 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about GLW valuation
Is Corning Incorporated (GLW) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Corning Incorporated (GLW) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GLW a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GLW trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GLW’s P/E ratio?
You can see GLW’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GLW?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GLW a good long-term investment?
Whether GLW fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GLW
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-7.25
Trading Metrics:
| Open: | 190.41 | Previous Close: | 187.54 | |
| Day Low: | 166 | Day High: | 190.41 | |
| Year Low: | 49.47 | Year High: | 211.79 | |
| Price Avg 50: | 173.56 | Price Avg 200: | 116.09 | |
| Volume: | 16.589M | Average Volume: | 13.118M |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freeGLW full analysis
Hey everyone, welcome back to the channel where we break down stocks like we're chatting over coffee about your portfolio. Today we're diving deep into Corning, ticker GLW, a company that's suddenly looking like an AI powerhouse after years of being known for specialty glass and fiber optics. Corning has been on an absolute tear lately, with shares hitting record highs above 208 dollars on the back of major deals and surging demand in data centers. The stock is up…
