Corning (GLW)
Market Price (3/21/2026): $125.99 | Market Cap: $107.7 BilSector: Information Technology | Industry: Electronic Components
Corning (GLW)
Market Price (3/21/2026): $125.99Market Cap: $107.7 BilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 2.7 Bil | Stock price has recently run up significantly12M Rtn12 month market price return is 160% |
| Low stock price volatilityVol 12M is 45% | Key risksGLW key risks include [1] an over-reliance on its Display Technologies segment for profitability, Show more. |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Advanced Materials, Biotechnology & Genomics, Precision Medicine, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17%, CFO LTM is 2.7 Bil |
| Low stock price volatilityVol 12M is 45% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Advanced Materials, Biotechnology & Genomics, Precision Medicine, Show more. |
| Stock price has recently run up significantly12M Rtn12 month market price return is 160% |
| Key risksGLW key risks include [1] an over-reliance on its Display Technologies segment for profitability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Corning (GLW) stock has gained about 50% since 11/30/2025 because of the following key factors:
1. Outstanding Fourth-Quarter 2025 Financial Results and Strong Outlook: Corning reported robust Q4 2025 core sales growth of 14% year-over-year to $4.41 billion and a 26% increase in core EPS to $0.72, exceeding consensus estimates of $4.35 billion in revenue and $0.71 EPS. The company also provided an accelerating outlook for Q1 2026, projecting core sales up approximately 15% year-over-year to a range of $4.2 billion to $4.3 billion, and core EPS between $0.66 and $0.70.
2. Upgraded Springboard Growth Plan with Increased Targets: Management significantly upgraded its "Springboard Plan," now targeting an additional $11 billion in incremental annualized sales by the end of 2028, a substantial increase from the original $8 billion plan. For the shorter term, the plan anticipates adding $6.5 billion in incremental annualized sales by the end of 2026, up from the previous $6 billion. This enhanced growth strategy aims for margin expansion and sustained growth.
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1. Outstanding Fourth-Quarter 2025 Financial Results and Strong Outlook: Corning reported robust Q4 2025 core sales growth of 14% year-over-year to $4.41 billion and a 26% increase in core EPS to $0.72, exceeding consensus estimates of $4.35 billion in revenue and $0.71 EPS. The company also provided an accelerating outlook for Q1 2026, projecting core sales up approximately 15% year-over-year to a range of $4.2 billion to $4.3 billion, and core EPS between $0.66 and $0.70.
2. Upgraded Springboard Growth Plan with Increased Targets: Management significantly upgraded its "Springboard Plan," now targeting an additional $11 billion in incremental annualized sales by the end of 2028, a substantial increase from the original $8 billion plan. For the shorter term, the plan anticipates adding $6.5 billion in incremental annualized sales by the end of 2026, up from the previous $6 billion. This enhanced growth strategy aims for margin expansion and sustained growth.
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Stock Movement Drivers
Fundamental Drivers
The 48.2% change in GLW stock from 11/30/2025 to 3/20/2026 was primarily driven by a 26.7% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.04 | 124.58 | 48.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,915 | 15,629 | 4.8% |
| Net Income Margin (%) | 9.2% | 10.2% | 11.5% |
| P/E Multiple | 52.7 | 66.7 | 26.7% |
| Shares Outstanding (Mil) | 856 | 855 | 0.1% |
| Cumulative Contribution | 48.2% |
Market Drivers
11/30/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| GLW | 48.2% | |
| Market (SPY) | -4.8% | 50.0% |
| Sector (XLK) | -5.5% | 53.3% |
Fundamental Drivers
The 86.8% change in GLW stock from 8/31/2025 to 3/20/2026 was primarily driven by a 77.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 66.68 | 124.58 | 86.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,206 | 15,629 | 10.0% |
| Net Income Margin (%) | 5.8% | 10.2% | 77.1% |
| P/E Multiple | 69.6 | 66.7 | -4.1% |
| Shares Outstanding (Mil) | 855 | 855 | 0.0% |
| Cumulative Contribution | 86.8% |
Market Drivers
8/31/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| GLW | 86.8% | |
| Market (SPY) | 1.1% | 51.9% |
| Sector (XLK) | 3.2% | 56.7% |
Fundamental Drivers
The 152.2% change in GLW stock from 2/28/2025 to 3/20/2026 was primarily driven by a 164.7% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.41 | 124.58 | 152.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,118 | 15,629 | 19.1% |
| Net Income Margin (%) | 3.9% | 10.2% | 164.7% |
| P/E Multiple | 83.3 | 66.7 | -19.9% |
| Shares Outstanding (Mil) | 853 | 855 | -0.2% |
| Cumulative Contribution | 152.2% |
Market Drivers
2/28/2025 to 3/20/2026| Return | Correlation | |
|---|---|---|
| GLW | 152.2% | |
| Market (SPY) | 10.4% | 56.8% |
| Sector (XLK) | 20.5% | 61.0% |
Fundamental Drivers
The 296.3% change in GLW stock from 2/28/2023 to 3/20/2026 was primarily driven by a 231.4% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3202026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.44 | 124.58 | 296.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 14,189 | 15,629 | 10.1% |
| Net Income Margin (%) | 9.3% | 10.2% | 10.1% |
| P/E Multiple | 20.1 | 66.7 | 231.4% |
| Shares Outstanding (Mil) | 843 | 855 | -1.4% |
| Cumulative Contribution | 296.3% |
Market Drivers
2/28/2023 to 3/20/2026| Return | Correlation | |
|---|---|---|
| GLW | 296.3% | |
| Market (SPY) | 70.3% | 52.7% |
| Sector (XLK) | 102.2% | 52.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| GLW Return | 6% | -12% | -1% | 61% | 88% | 52% | 325% |
| Peers Return | 38% | -10% | 7% | 29% | 40% | 2% | 145% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 76% |
Monthly Win Rates [3] | |||||||
| GLW Win Rate | 50% | 42% | 42% | 92% | 67% | 67% | |
| Peers Win Rate | 72% | 38% | 55% | 62% | 60% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| GLW Max Drawdown | -3% | -20% | -15% | -2% | -17% | -3% | |
| Peers Max Drawdown | -5% | -26% | -15% | -4% | -21% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TMO, DHR, BDC, APH, GLW. See GLW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/20/2026 (YTD)
How Low Can It Go
| Event | GLW | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -42.5% | -25.4% |
| % Gain to Breakeven | 73.9% | 34.1% |
| Time to Breakeven | 348 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -41.6% | -33.9% |
| % Gain to Breakeven | 71.3% | 51.3% |
| Time to Breakeven | 126 days | 148 days |
| 2018 Correction | ||
| % Loss | -25.1% | -19.8% |
| % Gain to Breakeven | 33.5% | 24.7% |
| Time to Breakeven | 447 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.8% | -56.8% |
| % Gain to Breakeven | 255.1% | 131.3% |
| Time to Breakeven | 3,023 days | 1,480 days |
Compare to TMO, DHR, BDC, APH, GLW
In The Past
Corning's stock fell -42.5% during the 2022 Inflation Shock from a high on 4/21/2021. A -42.5% loss requires a 73.9% gain to breakeven.
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About Corning (GLW)
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.
AI Analysis | Feedback
Here are 1-2 analogies for Corning (GLW):
- Corning is like 3M for advanced glass and high-tech materials, providing critical components across diverse industries from consumer electronics to environmental technologies.
- Think of Corning as the Intel or Qualcomm of specialized glass and fiber optics, manufacturing essential, foundational components that enable modern screens and internet infrastructure.
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- Display Glass Substrates: Glass substrates for liquid crystal displays and organic light-emitting diodes used in various electronic devices.
- Optical Fibers and Cables: Optical fibers and cables, along with related hardware and equipment, for communication networks.
- Ceramic Substrates and Filters: Ceramic substrates and filter products used for emissions control in mobile, gasoline, and diesel applications.
- Specialty Glass and Materials: Specialized material formulations for glass, glass ceramics, crystals, ultra-thin glass wafers, and precision optical instruments.
- Laboratory Products: A range of laboratory products including consumables like plastic vessels, cell culture media, and general labware and equipment.
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Corning Incorporated (GLW) primarily sells its products to other companies across various industries. Based on the company description, its major customers include:
- Electronics Manufacturers: Companies that produce televisions, notebook computers, desktop monitors, tablets, and handheld devices, which utilize Corning's display glass and specialty materials (e.g., Gorilla Glass). Examples include:
- Automotive Manufacturers: Companies in the mobile, gasoline, and diesel applications sector that use Corning's ceramic substrates and filter products for emissions control. Examples include:
- Telecommunication Companies and Data Centers: Providers of optical networks and infrastructure that purchase Corning's optical fibers, cables, and hardware. Examples include:
- Life Sciences Research and Pharmaceutical Companies: Institutions and companies that use Corning's laboratory products, including plastic vessels, liquid handling plastics, and cell culture media. These are typically large institutional customers, rather than individuals.
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Wendell P. Weeks, Chairman, Chief Executive Officer & President
Wendell P. Weeks has served as Corning's Chief Executive Officer since April 2005, Chairman of the Board since April 2007, and President since October 2025. He joined Corning in 1983 and has been a member of the company's board of directors since December 2000. As CEO, he has focused on creating new growth drivers and building a bigger, stronger, and more agile company. Weeks has overseen acquisitions in Optical Communications, Life Sciences, and Display Technologies and played an instrumental role in innovations such as Corning® Gorilla® Glass. He holds 47 U.S. patents. Weeks serves on the board of directors at Amazon.com, Inc.
Edward Schlesinger, Executive Vice President and Chief Financial Officer
Edward Schlesinger serves as Executive Vice President and Chief Financial Officer. He is responsible for the company's financial performance and strategy. Schlesinger has been involved in delivering double-digit core sales growth and significant improvements in core EPS and adjusted free cash flow for Corning. He has been noted for insider stock sales in late 2024 and early 2026.
Avery H. (Hal) Nelson III, Executive Vice President and Chief Operating Officer
Avery H. (Hal) Nelson III was appointed Executive Vice President, effective May 2025, and will assume the role of Chief Operating Officer in mid-2025 upon the retirement of Eric S. Musser. Nelson joined Corning in 1991 and has been instrumental in managing the Automotive, Life Sciences, and Solar businesses.
John Z. Zhang, Executive Vice President and Chief Corporate Development Officer
John Z. Zhang was named Executive Vice President and Chief Corporate Development Officer in May 2025. In this expanded role, Zhang is responsible for developing Corning's growth strategy, including partnerships and business-portfolio decisions. He also has end-to-end responsibility for the Display, Mobile Consumer Electronics (MCE), and Life Sciences Market-Access Platforms (MAPs), and drives Corning's growth across Asia.
Lewis A. Steverson, Vice Chairman, Executive Vice President and Chief Legal and Administrative Officer
Lewis A. Steverson holds the titles of Vice Chairman, Executive Vice President, and Chief Legal and Administrative Officer. He provides strategic advice to the Board and CEO, while overseeing Legal and Government Affairs functions for Corning.
AI Analysis | Feedback
The key risks to Corning's business (GLW) are primarily linked to its segment concentration, exposure to global economic and geopolitical volatility, and the constant need for innovation in highly competitive markets.
- Dependence on Display Technologies Segment: Corning's Display Technologies segment has historically been a significant contributor to the company's profitability, accounting for a disproportionate share of its profits despite being a smaller portion of overall sales. This reliance makes Corning vulnerable to downturns, intense competition, pricing pressures, and over-capacity within the display market. Furthermore, a high concentration of sales within this segment to a few customers adds to the risk. While other segments like Optical Communications have seen growth, a sustained negative impact on Display Technologies could significantly affect Corning's overall financial performance.
- Macroeconomic, Geopolitical, and Supply Chain Disruptions: Corning operates globally and is susceptible to broad economic uncertainties, including inflation, rising interest rates, and geopolitical tensions, which can impact consumer and business spending across its diverse markets. The company also faces risks related to the availability and cost of raw materials, labor, and logistics, which can disrupt its supply chain and affect profitability. Health crises and other unforeseen events can also lead to operational disruptions.
- Intense Competition and the Need for Continuous Innovation: Corning operates in highly competitive markets across all its business segments, facing challenges from existing competitors, low-cost manufacturers, and new entrants. The company's success relies heavily on its ability to anticipate market needs, innovate, develop new products (such as Gorilla Glass for various applications), and protect its intellectual property. Failure to innovate effectively or to compete on price and technology could negatively impact its market position and financial results.
AI Analysis | Feedback
The global shift towards electric vehicles (EVs) represents a clear emerging threat to Corning's Environmental Technologies segment. As EV adoption accelerates, the demand for ceramic substrates and filter products used in gasoline and diesel vehicle emissions control will likely decline, as EVs do not produce tailpipe emissions and therefore do not require these components.
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Corning (GLW) Addressable Market Sizes for Main Products and Services
Corning Incorporated (GLW) operates across diverse industries, with significant addressable markets for its key products and services globally.
Display Technologies
- LCD Glass Substrates: The global LCD glass substrate market is projected to be valued at approximately USD 30.9 billion in 2026 and is expected to reach USD 45.2 billion by 2033.
- OLED Display Glass: The global OLED display glass market was valued at approximately USD 3.804 billion in 2025 and is projected to grow to about USD 8 billion by 2035.
Optical Communications
- Optical Fibers and Cables: The global fiber optical cable market was valued at approximately USD 84.15 billion in 2025 and is projected to reach USD 115.79 billion by 2030.
Specialty Materials
- Mobile Device Cover Glass (e.g., Gorilla Glass): The global cover glass market attained a value of approximately USD 46.58 billion in 2025 and is anticipated to reach nearly USD 65.71 billion by 2035.
- Optics for Semiconductor Equipment: The global semiconductor manufacturing equipment market, which encompasses the market for semiconductor equipment optics, was valued at approximately USD 132.84 billion in 2024 and is projected to reach USD 338.16 billion by 2034.
Environmental Technologies
- Ceramic Substrates for Automotive Emissions Control: The global ceramic substrates in the automotive market is estimated at approximately USD 11.25 billion in 2024 and is projected to reach USD 23.45 billion by 2032.
- Diesel Particulate Filters (DPF): The global diesel particulate filter market was valued at approximately USD 15 billion in 2023 and is projected to reach USD 31.9 billion by 2032.
Life Sciences
- Laboratory Consumables: The global laboratory consumables market was valued at approximately USD 38.4 billion in 2024 and is projected to reach USD 57.6 billion by 2030.
- Cell Culture Media: The global cell culture media market was valued at approximately USD 7.68 billion in 2025 and is predicted to increase to about USD 21.91 billion by 2035.
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Corning (GLW) is positioned for future revenue growth over the next two to three years, driven by several strategic initiatives and market trends across its diverse segments. Here are the key expected drivers of Corning's future revenue growth: * Accelerated Growth in Optical Communications, Fueled by AI and Data Centers: Corning anticipates substantial revenue growth from its Optical Communications segment, primarily driven by the surging demand for high-speed fiber optic solutions in AI data center buildouts and the continued expansion of 5G infrastructure. The company's innovations, such as new Generative AI (Gen AI) fiber and cable systems, enable higher data density and efficient connectivity for hyperscaler networks. Corning has secured significant multiyear agreements, including one with Meta worth up to $6 billion, to support data center infrastructure development. * Increased Adoption of Specialty Materials in Consumer Electronics: The Specialty Materials segment is expected to grow through the ongoing innovation and widespread adoption of its advanced cover materials, such as Gorilla Glass. This includes new generations like Gorilla Glass Ceramic 3, which offers enhanced durability for premium and foldable smartphones. Strategic partnerships with major original equipment manufacturers (OEMs) like Apple, Samsung, and Motorola, along with the integration of these materials in a broader range of consumer electronic devices (wearables, tablets, cameras), are key contributors to this growth. * Expansion of the Solar Market-Access Platform: Corning's recently launched Solar Market-Access Platform is projected to be a significant new revenue stream. The company expects this platform to grow from approximately $1 billion in 2024 to $2.5 billion by 2028, largely driven by its efforts to establish a domestic solar supply chain and the commercialization of new U.S.-made wafer products. This initiative aligns with broader trends toward renewable energy and energy independence. * Recovery and "More Corning" Content in Display Technologies: Despite previous market softness, Corning's Display Technologies segment is expected to benefit from market normalization in handheld and IT markets. The company has successfully implemented price increases to maintain profitability in a challenging currency environment. Furthermore, the "More Corning" approach, which involves increasing the content of Corning's glass in display applications, along with potential future innovations like bendable glass, are anticipated to contribute to revenue growth. * Life Sciences Segment Recovery and New Product Introductions: The Life Sciences segment is showing signs of recovery as customers in North America and Europe complete inventory drawdowns. This segment, which provides laboratory products, cell culture solutions, and specialty surfaces, is poised for growth as demand normalizes. Additionally, the introduction of innovative products, such as Corning Valor Glass for advanced pharmaceutical packaging, represents a long-term driver for this business by offering enhanced drug storage and delivery solutions.AI Analysis | Feedback
Share Repurchases
- As of March 31, 2024, approximately $3.3 billion remained available under a $5 billion share repurchase authorization approved in July 2019.
- Corning repurchased $163 million in shares in 2025 and $165 million in 2024.
- Share buybacks resumed in the second quarter of 2024 and are expected to continue, contributing to a nearly 50% reduction in outstanding shares over the last decade.
Share Issuance
- Corning's shares outstanding increased slightly by 0.23% to 0.871 billion in 2025 from 2024.
- Shares outstanding also saw a 1.16% increase to 0.869 billion in 2024 from 2023.
- In 2023, shares outstanding were 0.859 billion, a 0.23% increase from 2022.
Inbound Investments
- Corning secured a multi-year agreement with Meta, valued at up to $6 billion, to support Meta's technologies and AI ambitions using Corning's optical fiber, cable, and connectivity solutions. This agreement also aims to strengthen domestic supply chains.
- The company maintains a $2.5 billion commitment from Apple for cover glass.
Capital Expenditures
- Capital expenditures for 2025 were approximately $1.7 billion.
- In 2024, capital expenditures were $965 million.
- Expected capital expenditures for 2026 are approximately $1.7 billion, with a primary focus on investing for organic growth opportunities and strengthening growth vectors, particularly in Optical Communications, including the construction of new factories.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | BMI | Badger Meter | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02282026 | VRNS | Varonis Systems | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | ITRI | Itron | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | FSLR | First Solar | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PEGA | Pegasystems | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 09302022 | GLW | Corning | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 23.6% | 8.6% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 126.74 |
| Mkt Cap | 133.9 |
| Rev LTM | 23,095 |
| Op Inc LTM | 4,690 |
| FCF LTM | 4,378 |
| FCF 3Y Avg | 2,894 |
| CFO LTM | 5,375 |
| CFO 3Y Avg | 3,573 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 1.6% |
| Rev Chg Q | 8.1% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 18.2% |
| Op Mgn 3Y Avg | 17.8% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 17.5% |
| CFO/Rev 3Y Avg | 19.1% |
| FCF/Rev LTM | 14.1% |
| FCF/Rev 3Y Avg | 15.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 133.9 |
| P/S | 5.5 |
| P/EBIT | 26.0 |
| P/E | 36.4 |
| P/CFO | 22.7 |
| Total Yield | 3.3% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.2% |
| 3M Rtn | -6.3% |
| 6M Rtn | -0.9% |
| 12M Rtn | 9.5% |
| 3Y Rtn | 34.1% |
| 1M Excs Rtn | -5.2% |
| 3M Excs Rtn | -0.0% |
| 6M Excs Rtn | 0.7% |
| 12M Excs Rtn | -9.0% |
| 3Y Excs Rtn | -28.0% |
Comparison Analyses
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Display | 6,596 | 7,899 | 8,104 | 8,672 | 8,777 |
| Optical Communications | 3,506 | 3,241 | 3,295 | 3,183 | 2,868 |
| Specialty Materials | 2,489 | 2,476 | 2,419 | 2,328 | 2,551 |
| Automotive | 2,366 | 1,873 | 2,061 | 2,150 | 1,986 |
| Hemlock and Emerging Growth Businesses | 1,869 | 2,307 | 2,136 | 2,024 | 2,157 |
| Life Sciences | 800 | 782 | 862 | 791 | 683 |
| Current assets | 2,522 | 2,823 | 3,163 | 3,434 | |
| Investments | 119 | 99 | 54 | 177 | |
| Other non-current assets | 6,243 | 6,315 | 6,363 | 6,594 | |
| Property, plant and equipment, net | 1,038 | 1,385 | 1,426 | 1,548 | |
| Total | 17,626 | 28,500 | 29,499 | 30,154 | 30,775 |
Price Behavior
Price Behavior
| Market Price | $124.58 | |
| Market Cap ($ Bil) | 106.5 | |
| First Trading Date | 12/31/1981 | |
| Distance from 52W High | -22.2% | |
| 50 Days | 200 Days | |
| DMA Price | $120.73 | $84.72 |
| DMA Trend | up | up |
| Distance from DMA | 3.2% | 47.0% |
| 3M | 1YR | |
| Volatility | 65.3% | 45.4% |
| Downside Capture | 196.71 | 120.19 |
| Upside Capture | 492.82 | 202.25 |
| Correlation (SPY) | 44.2% | 55.4% |
GLW Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.88 | 2.28 | 2.41 | 2.01 | 1.27 | 1.13 |
| Up Beta | 4.30 | 2.60 | 2.81 | 2.03 | 1.01 | 0.91 |
| Down Beta | -1.38 | -0.64 | 0.41 | 1.58 | 1.40 | 1.20 |
| Up Capture | 793% | 781% | 710% | 509% | 356% | 334% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 14 | 25 | 37 | 77 | 147 | 413 |
| Down Capture | 36% | 107% | 131% | 119% | 99% | 102% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 7 | 16 | 24 | 47 | 103 | 336 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GLW | |
|---|---|---|---|---|
| GLW | 160.3% | 45.3% | 2.24 | - |
| Sector ETF (XLK) | 26.6% | 26.6% | 0.86 | 60.7% |
| Equity (SPY) | 15.8% | 18.9% | 0.64 | 55.9% |
| Gold (GLD) | 48.2% | 27.0% | 1.45 | 13.7% |
| Commodities (DBC) | 17.8% | 17.4% | 0.83 | 24.7% |
| Real Estate (VNQ) | 1.0% | 16.4% | -0.11 | 35.5% |
| Bitcoin (BTCUSD) | -19.0% | 44.2% | -0.35 | 26.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GLW | |
|---|---|---|---|---|
| GLW | 27.9% | 31.7% | 0.82 | - |
| Sector ETF (XLK) | 16.2% | 24.6% | 0.59 | 55.9% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 58.2% |
| Gold (GLD) | 20.7% | 17.5% | 0.97 | 11.1% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 17.9% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.06 | 39.0% |
| Bitcoin (BTCUSD) | 4.7% | 56.7% | 0.30 | 22.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with GLW | |
|---|---|---|---|---|
| GLW | 23.6% | 31.7% | 0.74 | - |
| Sector ETF (XLK) | 21.6% | 24.2% | 0.82 | 63.2% |
| Equity (SPY) | 14.2% | 17.9% | 0.68 | 67.9% |
| Gold (GLD) | 13.3% | 15.7% | 0.70 | 3.9% |
| Commodities (DBC) | 8.3% | 17.6% | 0.39 | 24.1% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.21 | 49.1% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 14.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/28/2026 | -5.0% | 2.8% | 37.0% |
| 10/28/2025 | -3.3% | -2.1% | -6.9% |
| 7/29/2025 | 11.9% | 14.6% | 21.6% |
| 4/29/2025 | 0.8% | 3.0% | 12.1% |
| 1/29/2025 | -2.8% | 1.6% | -4.4% |
| 10/29/2024 | 4.7% | 0.4% | 3.1% |
| 7/30/2024 | -6.9% | -11.5% | -0.4% |
| 4/30/2024 | 5.0% | 5.2% | 11.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 13 | 15 |
| # Negative | 14 | 11 | 9 |
| Median Positive | 3.9% | 2.8% | 7.4% |
| Median Negative | -3.3% | -2.8% | -4.4% |
| Max Positive | 11.9% | 19.5% | 37.0% |
| Max Negative | -6.9% | -11.5% | -8.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/12/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/13/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Verkleeren, Ronald L | SVP Emerging Innovations Group | Direct | Sell | 12112025 | 94.69 | 21,000 | 1,988,580 | 3,266,953 | Form |
| 2 | Seetharam, Soumya | Senior Vice President & CDIO | Direct | Sell | 12112025 | 90.78 | 16,547 | 1,502,203 | 1,521,177 | Form |
| 3 | Steverson, Lewis A | Vice Chairman, EVP and CLAO | Direct | Sell | 11032025 | 89.05 | 23,142 | 2,060,765 | 1,565,031 | Form |
| 4 | Schlesinger, Edward A | Exec. Vice President and CFO | Direct | Sell | 11032025 | 91.25 | 20,893 | 1,906,486 | 6,110,009 | Form |
| 5 | Becker, Stefan | SVP, Finance & Corp Controller | Direct | Sell | 10302025 | 91.28 | 12,100 | 1,104,535 | 460,892 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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