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GLW·Corning Incorporated

$140.93
-7.61 (-5.12%)
After Hours
High
$149.19
Open
$145.12
Market Cap
124.74B
52W High
$271.78
Low
$139.25
P. Close
$140.93
P/E
65.65
52W Low
$75.97
Fwd P/E
33.98
DailyIQ Est.
$197.98
Inst. Ownership
43.7%
Short Interest
1.98%
Days to Cover
2.2
Div. Yield
0.75%
Next Ex-Div
~Nov 30
Technical Score (1D)
93
BULLISH
News Sentiment
70
BULLISH
On Oct 13, Corning reported a 30% increase in core earnings per share for the second quarter, surpassing market expectations. On Oct 13, management guided for continued growth, citing expanding demand for optical fiber and connectors in data centers and positioning the company as a key supplier for artificial intelligence infrastructure. On Oct 13, investors reacted by adjusting valuations, reflecting heightened expectations for future revenue streams. On Oct 13, analysts set a median price target of $185.75 for Corning, implying a 26.1% upside from its recent close. On Oct 13, the target range spanned $129 to $238, with a high of 61.6% potential gain and a low of 12.4% decline, indicating significant variability among analysts. On Oct 13, the consensus suggested a positive earnings revision trend, supporting the view that the stock still has room to climb.
LOW TARGET
$129 -8.5%
2 analysts
MEAN TARGET
$188 +33.2%
10 analysts
HIGH TARGET
$238 +68.9%
11 analysts
PRICE RANGE
$129.00 - $238.00
SB / B / H / S / SS
7/9/5/1/1
DAILYIQ EST.
$197.98 (+40.5%)
Sector
Technology
Industry
Electronic Components
Exchange
NYQ
Country
United States
Symbol
GLW
Description
Corning Incorporated is a diversified technology company specializing in materials science, with a portfolio of businesses serving various high-growth markets. Its core value proposition lies in its expertise in glass and ceramic materials, which it leverages to produce essential components for the telecommunications industry, including optical fibers and cables. Corning also provides critical components for the display market, manufacturing glass substrates used in a wide range of electronic devices. Furthermore, the company's offerings extend to environmental technologies, producing emissions control products, and life sciences, providing laboratory equipment and consumables. Operating globally, Corning's diverse product lines and material science expertise position it as a key supplier in several essential sectors.
Bought (1Y)
0 shares
$0
Sold (1Y)
198,747 shares
$37.2M
BURNS STEPHANIE-
Award/Grant268 shares2026-09-30
CUMMINGS ROBERT F JR-
Award/Grant268 shares2026-09-30
Ferguson Roger W. Jr.-
Award/Grant268 shares2026-09-30
Martin Kevin J-
Award/Grant228 shares2026-09-30
Gullo Michelle LSenior Vice President & CHRO
Sell9,874 shares2026-09-04
80/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
36.0%
Net Margin
10.2%
Revenue CAGR
5.6%
Current Ratio
1.59x
Debt / Equity
0.71x
Return on Equity
13.5%
Earnings Summary
Corning Incorporated (GLW) is a diversified technology company that specializes in materials science, producing glass and ceramic components for telecommunications, display, environmental, and life sciences markets. Operating across high‑growth sectors, Corning’s core strength lies in optical fiber and cable solutions that underpin modern data‑center and AI infrastructure. In recent quarters, the company has maintained a steady earnings trajectory, with Q4 2025 EPS of $0.72 versus an estimate of $0.7125 and revenue of $4.412 billion beating the $4.395 billion estimate; Q1 2026 EPS fell to $0.70 against an estimate of $0.755, while revenue dipped to $4.345 billion from the $4.667 billion estimate, indicating a slight revenue slowdown but a modest EPS beat. The subsequent Q2 2026 results showed EPS of $0.78 versus an estimate of $0.754, and revenue of $4.738 billion versus $4.654 billion, reflecting a rebound in both metrics. Over the past four quarters, Corning has consistently beat earnings estimates, with EPS exceeding forecasts in three of the last four periods and revenue growth remaining positive, though the most recent quarter saw a modest revenue decline. Historically, the company has delivered year‑over‑year revenue growth of roughly 5‑7% while maintaining EPS expansion, underscoring a pattern of solid profitability even when revenue growth moderates. Recent news highlights Corning’s pivotal role in AI data‑center infrastructure, with analysts noting an 82% share‑price surge in 2026 driven by demand for fiber‑optic cables and glass solutions for high‑performance GPUs; optical communications sales rose 32% to $2.07 billion, and enterprise network revenue jumped 65% to $1.27 billion, reflecting strong AI‑related demand.

EPS

EstBeatMiss
$0.52$0.62$0.72$0.82$0.92Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$0.88 - -
Q2'26$0.75$0.78+3.5%
Q1'26$0.75$0.70-7.3%
Q4'25$0.71$0.72+1.1%
Q3'25$0.66$0.67+0.8%
Q2'25$0.57$0.60+5.1%

Revenue

EstBeatMiss
$3.9B$4.2B$4.5B$4.9B$5.2BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$5.0B - -
Q2'26$4.7B$4.7B+1.8%
Q1'26$4.7B$4.3B-6.9%
Q4'25$4.4B$4.4B+0.4%
Q3'25 - $4.3B -
Q2'25 - $4.0B -

Market Data

GLW Stock Snapshot

BULLISH93/100
$140.61−$0.32 (0.2%)
Market cap
124.74B
P/E ratio
65.7
Day range
$139.25 – $149.19
News sentiment
70/100 · Bullish
Analyst target
$187.71 (+33.5%)
Consensus
Buy · 23 analysts
52-week range+85.1% off low · -48.3% from high
$75.97$271.78
Price $140.61 DailyIQ Est. $197.98

Corning Incorporated screens well technically, with price sitting in the lower half of its 52-week range. In Technology, names this size usually take direction from sector flows before company-level news.

Reverse DCF

What growth is priced into GLW?

RICH

At today's price, Corning Incorporated needs to grow free cash flow about 66.2% a year for the next 10 years to justify its valuation at a 12.69% cost of capital. Over its actual history it has compounded free cash flow at -1.3% a year, so the market is asking for 67.5 percentage points above its own delivered rate. On that basis GLW looks priced above what its own growth record supports.

Implied FCF growth
66.2%
Historical FCF CAGR
-1.3%
Growth gap
+67.5 pts
Verdict
RICH
Discount rate (WACC)
12.69%
Beta
1.61

Behaviour On Record

What GLW's own history says about today's numbers

Realized volatility (21d)
60.8% 93rd pct
Below its peak
-42.7%
vs 200-day average
-4.0%
Up days (1y)
52%

Corning Incorporated is currently running 60.8% annualised volatility over the last 21 sessions. Measured against GLW's own 13 years of daily returns rather than a market-wide average, that is the 93rd percentile — an extreme by its own standards, against a typical reading of 25.5%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

GLW is trading -42.7% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -24.0%, and the deepest was -41.3% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -4.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 28th percentile — a narrower gap than it typically runs. Over the past year GLW closed higher on 52% of sessions, and it is currently 1 session into a falling streak.

On October specifically: over 14 years of records, GLW finished the month higher 8 of 14 times, with a median return of +5.2% and an average of +2.2%. Its strongest month historically has been June at +5.5% on average, its weakest March at -1.9%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: GLW has opened more than 2% away from the prior close in 140 of 3,268 sessions (4.3% of the time), with the largest gaps running +6.0% and -10.2%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, GLW moved an average of 1.6% in the session after earnings, closing higher 0 of those 3 times, with a median move of -1.7% and a largest of -2.6%.

All figures computed from 3,269 daily closes between 2013-10-15 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against GLW's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of GLW's sector?

Corning Incorporated sits in the Software sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (weakening).

Sector rank
#5 of 12
Sector state
Weakening
Sector rotation score
73

Options Market

What is the options market pricing for GLW?

CallsPuts

For Corning Incorporated's nearest expiry (2026-10-16, 2 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 1.33), with at-the-money implied volatility around 61.0%. The options market is pricing roughly a ±4.6% move by that expiry — a range of about $135.03–$148.07.

Put/call ratio (2026-10-16)
1.33
ATM implied volatility
61.0%
Total open interest
68,618
Expected move by 2026-10-16
±4.6% ($135.03–$148.07)

Analyst Rating Changes

Are analysts turning bullish or bearish on GLW?

UBS most recently reiterated its rating on Corning Incorporated to Buy on Oct 5, 2026 with a price target of $201 (from $196). Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action
UBS — Buy
90-day upgrades
1
90-day downgrades
0
Net rating momentum
+1
DateFirmActionRatingPrice target
Oct 5, 2026UBSMaintainedBuy$196 → $201
Oct 2, 2026Truist SecuritiesMaintainedBuy$175 → $182
Sep 30, 2026BernsteinInitiatedMarket Perform$140
Sep 15, 2026MizuhoMaintainedOutperform$210 → $180
Sep 8, 2026China RenaissanceInitiatedBuy$238
Aug 3, 2026Truist SecuritiesUpgradeHold → Buy$205 → $175
Jul 29, 2026Morgan StanleyMaintainedEqual-Weight$180 → $165
Jul 29, 2026OppenheimerMaintainedOutperform$230 → $200
Jul 29, 2026MizuhoMaintainedOutperform$270 → $210
Jul 29, 2026CitigroupMaintainedBuy$240 → $220
Jul 29, 2026BarclaysMaintainedEqual-Weight$180 → $129
Jul 29, 2026JP MorganMaintainedNeutral$200 → $170

Peers & ETF holders

GLW peers & ETF holders

News Sentiment Analysis

Sentiment gathered from recent headlines

70/100
Strong NegativeNeutralStrong Positive
BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Corning (GLW) reported a 30% rise in core earnings per share for the second quarter and issued a growth‑positive guidance. The company’s optical fiber and connector business, critical for data center infrastructure, underpins its AI‑related revenue expansion. Investors reacted by pricing in a long‑term upside, despite a short‑term stock dip. The results reinforce GLW’s positioning as a key supplier to hyperscalers and suggest a durable demand tailwind.
What did this article say?
Analysts have set a median price target of $185.75 for Corning (GLW), implying a 26.1% upside from its recent close. The range of targets spans $129 to $238, with a high of 61.6% potential gain and a low of 12.4% decline, reflecting significant variability. The consensus suggests a positive earnings revision trend, indicating that the stock may still have room to climb. The standard deviation of $28.72 highlights differing analyst confidence levels. Overall, the outlook is cautiously optimistic but not yet confirmed by earnings or new contracts.
What did this article say?
Corning (NYSE:GLW) achieved an average annual return of 33.89% over the past five years, outperforming the broader market by 21.47% on an annualized basis. The company’s market capitalization stands at $131.38 billion. This performance underscores Corning’s strong positioning in its core technology segments and suggests continued resilience in its business model.
What did this article say?
During a Mad Money episode, Jim Cramer highlighted Corning (GLW) as a strong optical player, noting its robust demand for fiber and connectivity products. Corning’s latest earnings reflected solid growth across its product lines, driven by expanding optical infrastructure needs. The analyst’s endorsement underscored the company’s competitive positioning against peers like Ciena. This positive commentary suggests a favorable outlook for GLW’s optical segment.
What did this article say?
Corning (GLW) experienced an 82% share price increase in 2026, driven by its pivotal role in the AI data center market through fiber‑optic cables. The company’s glass products are integral to high‑performance GPUs and data center infrastructure, positioning it at the heart of the AI boom. Analysts view this surge as a material upside, suggesting continued upside potential as demand for optical connectivity grows.
What did this article say?
Corning Incorporated (GLW) was slated to release its Q3 2026 earnings on October 27, with analysts projecting a 31.3% year‑over‑year increase in EPS to $0.88. The company’s historical performance has shown it meeting or exceeding earnings estimates for each of the last four quarters. Forecasts also indicated a 30.2% rise in fiscal 2026 EPS to $3.28 and a projected 30.8% YoY increase to $4.29 in fiscal 2027, underscoring robust growth expectations across its optical and specialty materials businesses.
What did this article say?
Corning Incorporated (GLW) shares rose 93% year to date, outperforming the broader communications components sector. The rally was fueled by a 32% increase in optical communications sales to $2.07 billion and a 77% jump in segment net income to $438 million. Enterprise Networks revenue surged 65% to $1.27 billion, driven by rapid AI data‑center build‑out and multiyear agreements with major tech firms such as Meta and NVIDIA.
What did this article say?
Corning Incorporated’s Board of Directors announced a quarterly dividend of $0.28 per share on October 6, 2026. The dividend will be paid on December 11, 2026 to shareholders of record as of November 13, 2026. The announcement reflects a routine dividend policy with no immediate impact on the company’s financial outlook.
What did this article say?
First Solar filed a U.S. patent infringement lawsuit against China’s JA Solar and Corning’s subsidiary, American Panel Solutions, alleging unauthorized use of TOPCon technology. The suit claims the subsidiary violated a U.S. patent, prompting First Solar to defend its intellectual property rights. The legal action could expose GLW’s subsidiary to regulatory scrutiny and potential liability, impacting its operations and reputation.

Technical Analysis

Real-time indicators across multiple timeframes

93
BULLISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
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Institutional & Hedge Fund Ownership
25 tracked managers · $77.35B combined position · 14 adding, 11 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
BlackRock, Inc.▼ Sell65,765,5747.75%$16.80B2026-08-07
JPMorgan Chase & Co▲ Buy36,016,3934.24%$9.21B2026-08-12
Vanguard Group Inc▲ Buy99,283,31711.70%$8.69B2026-01-29
Capital Research Global Investors▲ Buy24,698,7002.91%$6.31B2026-08-12
FMR LLC (Fidelity)▼ Sell24,027,8842.83%$6.14B2026-08-13
Bank of America Corp▲ Buy18,730,6162.21%$4.78B2026-08-14
Geode Capital Management, LLC▼ Sell18,363,3942.16%$4.67B2026-08-12
Morgan Stanley▼ Sell15,134,0701.78%$3.87B2026-08-13
Wellington Management Group LLP▲ Buy13,174,1941.55%$3.37B2026-08-14
Norges Bank▼ Sell10,238,2571.21%$2.62B2026-08-12
Goldman Sachs Group Inc▲ Buy8,843,1591.04%$2.26B2026-08-14
Northern Trust Corp▼ Sell8,428,9100.99%$2.15B2026-08-13
Capital World Investors▲ Buy5,482,2200.65%$1.40B2026-08-12
Invesco Ltd.▲ Buy4,712,5390.56%$1.20B2026-08-14
Lone Pine Capital LLC▼ Sell2,728,0580.32%$696.83M2026-08-14
Wells Fargo & Company▲ Buy2,279,2260.27%$582.18M2026-08-14
Whale Rock Capital Management LLC▼ Sell2,233,9990.26%$570.63M2026-08-14
Marshall Wace, LLP▼ Sell1,512,3740.18%$386.31M2026-08-13
Citigroup Inc▲ Buy1,364,5290.16%$348.54M2026-08-03
Neuberger Berman Group LLC▲ Buy1,328,6720.16%$339.39M2026-08-13
AQR Capital Management LLC▼ Sell1,283,5450.15%$327.86M2026-08-14
Artisan Partners Limited Partnership▲ Buy715,2860.08%$182.71M2026-08-13
AllianceBernstein L.P.▼ Sell1,248,8340.15%$169.80M2026-08-14
Adage Capital Partners GP, L.L.C.▲ Buy558,4210.07%$142.64M2026-08-14
Prudential Financial Inc▲ Buy552,7150.07%$141.18M2026-08-12
Q2 2026 flow:42.68M sh bought ($10.91B)7.34M sh sold ($1.85B)net +35.33M sh (+$9.06B)
Congressional Trading Activity
15 disclosed trades · ~$336.0K est. traded value · 10 buys, 5 sells
MemberChamberStateTypeAmountTradedFiled
Maria Elvira SalazarHouseFL27▼ Sell$1K - $15K2026-09-242026-10-07
Maria Elvira SalazarHouseFL27▲ Buy$1K - $15K2026-09-082026-10-07
Maria Elvira SalazarHouseFL27▼ Sell$1K - $15K2026-09-042026-10-07
Alan ArmstrongSenateOK▼ Sell$100K - $250K2026-03-272026-07-21
Gilbert CisnerosHouseCA31▲ Buy$1K - $15K2026-03-252026-04-07
Maria Elvira SalazarHouseFL27▲ Buy$15K - $50K2026-03-192026-04-21
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-05-282025-06-11
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-05-222025-06-11
Marjorie Taylor GreeneHouseGA14▲ Buy$1K - $15K2025-05-142025-05-19
Marjorie Taylor GreeneHouseGA14▲ Buy$1K - $15K2025-05-052025-05-06
Josh GottheimerHouseNJ05▼ Sell$15K - $50K2025-04-172025-05-14
Josh GottheimerHouseNJ05▼ Sell$1K - $15K2025-04-092025-05-14
Rob BresnahanHousePA08▲ Buy$1K - $15K2025-04-082025-05-08
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-01-302025-02-10
Josh GottheimerHouseNJ05▲ Buy$1K - $15K2025-01-272025-02-10