Corning (GLW) AI Stock Analysis

• Market Cap: $39.21B
• Dividend Yield: 2.45%
• Average Volume (3M): 6.96M
• Price to Earnings (P/E): 87.8
• Beta (1Y): 1.20
• Revenue Growth: 9.77%
• EPS Growth: -26.50%
• Country: US
• Employees: 56,300
• Sector: Basic Materials
• Sector Strength: 59
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.52
• Shares Outstanding: 856,777,040
• 10 Day Avg. Volume: 6,180,872
• 30 Day Avg. Volume: 6,961,998
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 10.74
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $51.29
• Price Target Upside: 12.08% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

Corning's overall stock score of 68.93 reflects a stable financial standing with robust growth prospects and positive earnings guidance. However, high valuation concerns and mixed technical signals present some caution. The company's strategic plans and strong earnings performance enhance its future outlook, but profitability improvements and addressing technical weaknesses could further strengthen its position.

Positive Factors

Earnings

Corning reported strong results with revenue of $3.68bn and EPS of $0.54, exceeding expectations.

Growth Opportunities

Polysilicon emerges as key growth driver, with Corning's Hemlock being the only major U.S. polysilicon producer.

Guidance

Corning raised its MarQ25 core EPS guidance to the high end of $0.48-$0.52, reflecting higher confidence.

Negative Factors

Automotive Sales

Automotive sales were down 10% year-over-year due to softness in European markets and North America Class 8 lagging.

Consumer Spending

Meaningful exposure to consumer spending, which is around 40-50% of revenue, limits re-rating potential until confidence on consumer spending trajectory is established.

Program Risk

The biggest risk for Corning is if the BEAD program is overhauled entirely, shifting funding from fiber to satellite providers, which could impact optical revenues.

Corning Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Corning Incorporated generates revenue through a diversified portfolio of business segments. Its Display Technologies segment is a significant revenue driver, primarily selling glass substrates for flat panel displays used in televisions, laptops, and smartphones. The Optical Communications segment provides fiber optic cables and connectivity solutions, benefiting from the growing demand for high-speed data transmission and network infrastructure. The Specialty Materials segment includes products like Gorilla Glass, which is widely used in consumer electronics for its durability and strength. The Environmental Technologies segment offers ceramic substrates and filters for emissions control in vehicles, aligning with global regulatory standards for pollution reduction. Lastly, the Life Sciences division supplies laboratory products and equipment to the healthcare and pharmaceutical industries. Corning's earnings are further supported by strategic partnerships and collaborations with leading technology companies, enabling innovation and access to new markets.

Corning Financial Statement Overview

Summary

Corning's financial performance is stable with moderate revenue growth and strong cash flow, as reflected in an overall financial statement score of 71.33. The company exhibits efficient cost management with a gross profit margin of 32.97%, but the net profit margin of 3.34% indicates room for improvement in profitability. The balance sheet is solid with a moderate debt-to-equity ratio of 0.68, while cash flow metrics demonstrate robust cash generation.

Income Statement

Corning's revenue growth is moderate with a 3.64% increase in TTM compared to the previous year. The gross profit margin stands at a healthy 32.97% for TTM, indicating efficient production cost management. However, the net profit margin has decreased to 3.34%, reflecting potential cost pressures or inefficiencies. The EBIT margin is at 10.98%, showing reasonable operating efficiency, while EBITDA margin of 15.75% indicates a solid cash-generating ability.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.68, which is manageable and indicates moderate leverage. Return on Equity (ROE) is relatively low at 4.24% for TTM, suggesting limited profitability relative to shareholder equity. An equity ratio of 39.12% reflects a solid equity base relative to total assets, providing a cushion against liabilities.

Cash Flow

Free cash flow has grown by 10.20% in TTM, signifying improved cash generation. The operating cash flow to net income ratio of 4.39 indicates strong cash conversion from net income. The free cash flow to net income ratio stands at 2.36, reflecting effective cash management relative to earnings.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
13.12B	12.59B	14.19B	14.08B	11.30B
	Gross Profit
4.28B	3.93B	4.51B	5.06B	3.53B
	EBIT
1.14B	890.00M	1.44B	2.11B	509.00M
	EBITDA
2.49B	2.51B	3.36B	3.77B	2.87B
	Net Income Common Stockholders
506.00M	581.00M	1.32B	1.91B	512.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.77B	1.78B	1.67B	2.15B	2.67B
	Total Assets
27.73B	28.50B	29.50B	30.14B	30.77B
	Total Debt
8.09B	8.48B	7.82B	7.04B	8.00B
	Net Debt
6.32B	6.71B	6.15B	4.90B	5.32B
	Total Liabilities
16.66B	16.63B	17.22B	17.60B	17.33B
	Stockholders Equity
10.69B	11.55B	12.01B	12.33B	13.26B
Cash Flow		Free Cash Flow
974.00M	615.00M	1.01B	1.77B	803.00M
	Operating Cash Flow
1.94B	2.00B	2.62B	3.41B	2.18B
	Investing Cash Flow
-744.00M	-1.00B	-1.35B	-1.42B	-1.31B
	Financing Cash Flow
-1.16B	-883.00M	-1.65B	-2.45B	-729.00M

Corning Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 45.76
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLW, the sentiment is Positive. The current price of 45.76 is above the 20-day moving average (MA) of 42.36, above the 50-day MA of 45.33, and above the 200-day MA of 45.63, indicating a bullish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 58.66 is Neutral, neither overbought nor oversold. The STOCH value of 89.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GLW.

Corning Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDY	77 Outperform	$21.77B	26.98	8.61%	―	2.98%	-5.64%
TEL	77 Outperform	$38.17B	20.42	11.33%	1.73%	1.23%	-58.22%
GRMN	76 Outperform	$36.93B	26.26	19.04%	1.61%	18.08%	7.28%
FTV	72 Outperform	$22.96B	28.61	7.70%	0.48%	2.75%	-2.90%
KEYS	71 Outperform	$25.67B	42.53	12.22%	―	-6.07%	-35.80%
GLW	69 Neutral	$39.21B	87.78	4.14%	2.45%	9.77%	-26.50%
Sector *	49 Neutral	$1.95B	-1.37	-21.43%	3.74%	0.84%	-29.84%

Corning Corporate Events

Corning Announces Executive Leadership Changes April 2025

On April 30, 2025, Corning announced several executive changes, including the retirement of Eric S. Musser, the President and Chief Operating Officer, in mid-2025 after 39 years of service. Avery H. Nelson III was appointed as Executive Vice President and will become Chief Operating Officer upon Musser’s retirement. Lewis A. Steverson was appointed Vice Chairman while maintaining his roles as Executive Vice President and Chief Legal and Administrative Officer. John Z. Zhang was named Executive Vice President and Chief Corporate Development Officer, and Wendell P. Weeks will reassume the role of President, in addition to his current roles, upon Musser’s retirement. These changes are aimed at strengthening the company’s leadership and aligning with its strategic objectives.

Spark’s Take on GLW Stock

According to Spark, TipRanks’ AI Analyst, GLW is a Neutral.

Corning’s overall stock score reflects stable financial health with strengths in earnings growth and future guidance. However, technical analysis indicates bearish momentum, and high valuation concerns weigh on the overall score. The positive sentiment from the earnings call and strategic plans provide a favorable outlook, but improvements in profitability and valuation metrics are needed to enhance investor appeal.

To see Spark’s full report on GLW stock, click here.

Corning Reports Strong Q1 2025 Financial Results

Corning announced its first-quarter 2025 financial results, highlighting a 13% year-over-year increase in core sales to $3.7 billion and a 42% rise in core EPS to $0.54. The company reported strong demand for its new Gen AI products and U.S.-made solar products, contributing to a 106% growth in enterprise sales within the Optical Communications segment. Corning is accelerating its U.S. manufacturing to meet this demand and expects continued growth in the second quarter, with projected core sales of approximately $3.85 billion and core EPS growth outpacing sales.

Spark’s Take on GLW Stock

According to Spark, TipRanks’ AI Analyst, GLW is a Neutral.

Corning’s overall stock score reflects a stable but challenging financial environment, with strengths in earnings growth and strategic plans offset by technical weaknesses and high valuation concerns. The strong earnings call sentiment and future guidance contribute positively, but liquidity concerns and overvaluation weigh on the score.

To see Spark’s full report on GLW stock, click here.

Corning to Host Investor Event at NYSE

On March 18, 2025, Corning Incorporated will host an Investor Event at the New York Stock Exchange to update stakeholders on its Springboard plan and financial performance. CEO Wendell Weeks will also appear on CNBC to discuss these topics. The event aims to reinforce Corning’s leadership in key markets and provide strategic business updates, with a live webcast available for those unable to attend.