GLW · NYSE
Corning Incorporated
Electronic Components · United States
- Market cap (USD)
- US$142.15B
- Trailing P/E
- 75.70x
- Forward P/E
- 37.78x
- Quarterly revenue growth
- 16.6%
- Trailing net margin
- 11.2%
- Indicated dividend yield
- 0.7%
Snapshot 2026-10-07 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-27 (provider estimate, not issuer-confirmed).
Company background
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.
Company websiteQ2 2026
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Comparable businesses
GLW peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | GLWCorning IncorporatedSnapshot 2026-10-07Financial period: 2026-06-30 |
|---|---|
| Market capMarket value, converted to USD | US$142.15B |
| Forward P/EProvider forward earnings estimate | 37.78x |
| EV / EBITDAEnterprise value / trailing EBITDA | 37.45x |
| Revenue growthLatest quarter vs prior-year quarter | 16.6% |
| Operating marginLatest reported quarter | 15.6% |
| Free cash flow yieldTrailing cash flow / market cap | 0.5% |
| Net debt / EBITDANet debt / trailing EBITDA | 1.68x |
| Debt / equityTotal debt / positive book equity | 0.71x |
| Trailing P/ETrailing twelve-month earnings | 75.70x |
| Price / bookPrice / positive book equity per share | 11.90x |
| EV / salesEnterprise value / trailing revenue | 9.02x |
| Earnings growthLatest quarter vs prior-year quarter | 18.5% |
| Gross marginTrailing twelve months | 36.4% |
| Net marginTrailing twelve months | 11.2% |
| Return on equityProvider trailing return; positive equity only | 16.8% |
| Free cash flow marginTrailing free cash flow / revenue | 4.3% |
| Dividend yieldIndicated annual dividend / price | 0.7% |
| Earnings payoutProvider trailing dividend payout | 51.4% |
| Current ratioCurrent assets / current liabilities | 1.81x |
| BetaProvider historical market sensitivity | 1.12 |
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-07. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for GLW
Q2 20262026-07-29
Corning (GLW): A Genuine Beat That Fell 15% — Is the AI Optical Sell-Off a Gift?
Presentation · 2026-07-29 · YouTube
Short takes Q2 2026
Corning BEAT — and fell 15%. Gift or trap? #GLW #stocks
Watch Short on YouTube
Q1 20262026-04-29
GLW Stock: EPS Beats by 10% — Q1 2026 Earnings Analysis
Presentation · 2026-04-29 · YouTube
Q4 20252026-04-15
GLW Stock: $4.4B Revenue — Q4 2025 Earnings Analysis
Presentation · 2026-04-15 · YouTube
GLW Stock: $4.4B Revenue — Q4 2025 Earnings Analysis
Presentation · 2026-04-15 · YouTube