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Earnings transcript
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GLW
Corning Inc
$125.88
-17.48
(-12.19%)
| Exchange: | NYSE |
| Market Cap: | 108.337B |
| Shares Outstanding: | 515.267M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Hardware, Equipment & Parts | |||||
| CEO: | Wendell Weeks | |||||
| Full Time Employees: | 67200 | |||||
| Address: |
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| Website: | https://www.corning.com |
Corning Incorporated operates in optical communications, display, specialty materials, automotive, and life sciences businesses in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. It also offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. In addition, it manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for markets, such as mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Further, the company provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications, as well as technical glass and optic products and solutions for the interior and exterior of vehicles. Additionally, it offers laboratory products, including plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Falcon, PYREX, and Axygen brands. It also offers polysilicon products and pharmaceutical glass tubing and vials. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
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Revenue Segmentation
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Earnings Call
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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 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 29,228,809.515 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 33,000,844.924 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 30,729,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 6,880,289.386 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 7,768,204.276 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 7,233,425.379 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 5,154,685.205 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 6,032,994.607 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 5,504,000.006 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 4,032,145.416 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 4,552,501.720 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 4,239,098.292 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 6.400 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 7.020 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 5.990 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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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.
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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.
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Common questions about GLW valuation
Is Corning Inc (GLW) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Corning Inc (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
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Daily snapshot
-12.19
Trading Metrics:
| Open: | 121.75 | Previous Close: | 143.36 | |
| Day Low: | 114.5 | Day High: | 126.1 | |
| Year Low: | 57.93 | Year High: | 271.78 | |
| Price Avg 50: | 187.1 | Price Avg 200: | 134.34 | |
| Volume: | 44.126M | Average Volume: | 14.852M |
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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…
