Corning Inc (GLW)

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.

Symbol
GLW
Exchange
NYSE
Sector
Technology
Industry
Electronic Components
Market cap
$141.53B
52 week range
77.39 - 271.78

Valuation

Share price
$164.19 (close of 2026-10-02)
P/E (TTM)
73.96x
Price to book
10.78x
Price to free cash flow
36.15x
Enterprise value
$148.41B
Book value per share
$15.23

Price performance

PeriodChange
1 day+2.35%
5 days+4.75%
1 month+13.92%
3 months-16.57%
6 months+11.00%
Year to date+87.52%
1 year+98.97%
3 years+443.50%
5 years+344.00%
10 years+594.25%
All time+7501.39%

Members of Congress who disclosed GLW trades

Josh Gottheimer · Maria Elvira Salazar · Marjorie Taylor Greene · Alan Armstrong · Gilbert Ray Cisneros · Robert Bresnahan

Super investors holding GLW

Stephen Mandel (Lone Pine Capital LLC) · Ken Griffin (Citadel) · Mairs & Power (Mairs & Power Inc) · Dodge & Cox (Dodge & Cox Funds) · Lee Ainslie (Maverick Capital LTD) · Robert Olstein (Olstein Capital Management) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
12.97%
Return on invested capital
9.77%
Return on assets
5.15%
Return on capital employed
8.99%
Gross margin
35.97%
Net margin
10.21%
EBITDA margin
22.50%
Revenue growth
19.14%
Net income growth
215.42%
Free cash flow growth
38.99%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.77%
Current ratio
1.81x
Net debt to EBITDA
1.64x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$15.63B
Cost of revenue
$10.01B
Gross profit
$5.62B
EBITDA
$3.52B
Net income
$1.60B
Earnings per share
$1.87
Research and development
$800.00M
Shares outstanding
855.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$15.63B$5.62B$1.60B$1.87
2024-12-31$13.12B$4.28B$506.00M$0.59
2023-12-31$12.59B$3.93B$581.00M$0.69
2022-12-31$14.19B$4.51B$1.32B$1.56
2021-12-31$14.08B$5.06B$1.91B$1.30
2020-12-31$11.30B$3.53B$512.00M$0.54
2019-12-31$11.50B$4.04B$960.00M$1.11
2018-12-31$11.29B$4.46B$1.07B$1.19
2017-12-31$10.12B$4.02B-$497.00M$-0.66
2016-12-31$9.39B$3.76B$3.69B$3.53

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3135.97%10.21%12.97%9.77%
2024-12-3132.60%3.86%4.57%5.25%
2023-12-3131.23%4.62%4.90%3.89%
2022-12-3131.76%9.27%10.72%5.58%
2021-12-3135.95%13.54%15.19%14.19%
2020-12-3131.24%4.53%3.81%3.36%
2019-12-3135.08%8.35%7.39%9.24%
2018-12-3139.51%9.44%7.68%9.87%
2017-12-3139.74%-4.91%-3.15%6.80%
2016-12-3140.07%39.35%20.57%11.02%

Cash and debt by year

Period endCash
2025-12-31$1.53B
2024-12-31$1.77B
2023-12-31$1.78B
2022-12-31$1.67B
2021-12-31$2.15B
2020-12-31$2.67B
2019-12-31$2.43B
2018-12-31$2.35B
2017-12-31$4.32B
2016-12-31$5.29B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.69B$286.00M
2024-12-31$1.94B$273.00M
2023-12-31$2.00B$218.00M
2022-12-31$2.62B$175.00M
2021-12-31$3.41B$190.00M
2020-12-31$2.18B$207.00M
2019-12-31$2.03B$56.00M
2018-12-31$2.92B$51.00M
2017-12-31$2.00B$46.00M
2016-12-31$2.54B$42.00M

Dividend history

Most recent payment
2026-08-31
Paid in the last twelve months
$1.12
Payment dateDividend per share
2026-08-31$0.28
2026-05-29$0.28
2026-02-27$0.28
2025-11-14$0.28
2025-08-29$0.28
2025-05-30$0.28
2025-02-28$0.28
2024-11-15$0.28

Investor relations

Next earnings report

Next confirmed report
2026-10-27
Consensus EPS estimate
$0.88

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-28Jun/2026$0.76
2026-04-28Mar/2026$0.70
2026-01-28Dec/2025$0.70
2025-10-28Sep/2025$0.66
2025-07-29Jun/2025$0.57
2025-04-29Mar/2025$0.50
2025-01-29Dec/2024$0.56
2024-10-29Sep/2024$0.52

Filings and sources

Company website
corning.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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