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Earnings transcript
Read the complete earnings call transcript.
GLW
Corning Incorporated
$147.92
5.54
(3.89%)
| Exchange: | NYSE |
| Market Cap: | 126.908B |
| Shares Outstanding: | 515.267M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Hardware, Equipment & Parts | |||||
| CEO: | Wendell Weeks | |||||
| Full Time Employees: | 56300 | |||||
| Address: |
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| Website: | https://www.corning.com |
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company’s Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company’s Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company’s Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. 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
EPS
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Earnings Call
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Key takeaways
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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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 29,293,972.121 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 32,566,542.647 | 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) | 6,895,628.279 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 7,665,972.082 | 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) | 5,169,855.606 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 5,931,867.206 | 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) | 4,041,134.667 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 4,492,589.258 | 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) | 6.900 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 6.010 | 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 |
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Current Key Metrics
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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.
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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.
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
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Daily snapshot
3.89
Trading Metrics:
| Open: | 134.6 | Previous Close: | 142.38 | |
| Day Low: | 134.6 | Day High: | 148.18 | |
| Year Low: | 37.31 | Year High: | 162.1 | |
| Price Avg 50: | 129.56 | Price Avg 200: | 89.02 | |
| Volume: | 11.535M | Average Volume: | 13.256M |
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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…
