Corning Inc
GLW—
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Corning Inc AI Insights
Informational only. Not investment advice.Snapshot
- EPS growth 88% TTM vs 5Y CAGR of 53% signals margin inflection, not just cyclical recovery. Operating margin 13.4% vs industry median 2.4%.[EPS Growth 1Y]
- Debt/equity 0.80 with 9.2B total debt vs 1.6B cash. Interest expense 322M TTM consumes 24% of operating income - leverage constrains flexibility.[Debt to Equity]
- FCF of 1.2B TTM (7.8% margin) covers 970M dividend but leaves minimal buffer. Capex 1.1B reflects capital intensity.[Free Cash Flow TTM]
Watch Triggers
- Operating Margin TTM: Falls below 10% — Would signal pricing power erosion and invalidate margin expansion thesis
- Free Cash Flow TTM: Falls below 900M (dividend coverage <1x) — Forces dividend cut or debt increase, destroying capital allocation optionality
- Interest Expense TTM: Exceeds 400M (30%+ of operating income) — Debt burden becoming unsustainable, limits reinvestment capacity
Bull Case
Operating margin 13.4% is 5.5x industry median (2.4%), demonstrating pricing power and manufacturing efficiency that should compound with volume recovery.
Operating Margin TTMGross Margin TTM
88% EPS growth TTM with 53% 5Y CAGR shows structural margin expansion, not one-time gains. ROE 12% vs industry median -0.4%.
EPS Growth 1YROE TTM
Bear Case
P/E 66x vs industry median 32x prices in perfect execution. P/B 9.2x on 12% ROE implies market expects ROE to double.
PE RatioPB Ratio
Net debt 6.6B (57% of equity) with interest consuming 24% of operating income limits strategic flexibility if demand softens.
Net DebtInterest Expense TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
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Forward Thesis
Optical communications recovery + AI datacenter demand drives revenue acceleration to mid-single digits
1-3ymed
- R&D spend 1.1B (7.4% of revenue) positions for fiber/glass innovation
- Operating leverage: 88% EPS growth on modest revenue base
- PPE of 14.4B enables capacity expansion without major new capex
Operating margin 13.4% vs 2.4% industry medianEPS 1.34 TTM up 88% YoYEBITDA 3.5B provides debt service cushion
Valuation Context
Caveats
GLW Fundamentals
Manufacturing → Computer and Electronic Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$168.83B | — | ||
$177.0B | — | ||
94 | — | ||
$16.32B | +20.1% | — | |
$2.08 | +226.5% | — | |
15.2% | +5.4% | — | |
11.1% | +7.8% | — | |
$1.5B | +39.8% | — | |
16.1% | +11.9% | — | |
Beta 5Y (Monthly) | unknown | — |
GLW Dividend History
82 dividends
2026
$0.560005/29/26$0.2800
02/27/26$0.2800
2025
$1.120011/14/25$0.2800
08/29/25$0.2800
05/30/25$0.2800
02/28/25$0.2800
2024
$1.120011/15/24$0.2800
08/30/24$0.2800
05/31/24$0.2800
02/28/24$0.2800
2023
$1.120011/16/23$0.2800
08/30/23$0.2800
05/30/23$0.2800
02/27/23$0.2800
2022
$1.080011/17/22$0.2700
08/30/22$0.2700
05/27/22$0.2700
02/25/22$0.2700
2021
$0.960011/10/21$0.2400
08/30/21$0.2400
05/27/21$0.2400
02/25/21$0.2400
2020
$0.880011/12/20$0.2200
08/27/20$0.2200
05/28/20$0.2200
02/27/20$0.2200
2019
$0.800011/14/19$0.2000
08/29/19$0.2000
05/30/19$0.2000
02/27/19$0.2000
2018
$0.720011/15/18$0.1800
08/30/18$0.1800
05/30/18$0.1800
02/27/18$0.1800
2017
$0.620011/15/17$0.1550
08/29/17$0.1550
05/26/17$0.1550
02/24/17$0.1550
2016
$0.540011/15/16$0.1350
08/29/16$0.1350
05/26/16$0.1350
02/23/16$0.1350
2015
$0.480011/10/15$0.1200
08/27/15$0.1200
05/27/15$0.1200
02/25/15$0.1200
2014
$0.400011/12/14$0.1000
08/27/14$0.1000
05/28/14$0.1000
02/26/14$0.1000
2013
$0.390011/13/13$0.1000
08/28/13$0.1000
05/29/13$0.1000
02/26/13$0.0900
2012
$0.315011/14/12$0.0900
08/29/12$0.0750
05/29/12$0.0750
02/27/12$0.0750
2011
$0.225011/14/11$0.0750
08/29/11$0.0500
05/26/11$0.0500
02/24/11$0.0500
2010
$0.200011/15/10$0.0500
08/26/10$0.0500
05/26/10$0.0500
02/24/10$0.0500
2009
$0.200011/12/09$0.0500
08/27/09$0.0500
05/28/09$0.0500
02/26/09$0.0500
2008
$0.200011/13/08$0.0500
08/27/08$0.0500
05/29/08$0.0500
02/28/08$0.0500
2007
$0.100011/13/07$0.0500
08/27/07$0.0500
2001
$0.120005/31/01$0.0600
03/01/01$0.0600
2000
$0.240012/14/00$0.0600
08/31/00$0.0600
06/01/00$0.0600
03/02/00$0.0600
GLW Stock Splits
1 stock split
10/04/000.333333:1 split
GLW SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/01/26 | 03/31/26 | 10-Q | |
02/12/26 | 12/31/25 | Unknown | |
10/31/25 | 09/30/25 | 10-Q | |
08/01/25 | 06/30/25 | 10-Q | |
05/02/25 | 03/31/25 | 10-Q | |
02/13/25 | 12/31/24 | Unknown | |
11/01/24 | 09/30/24 | 10-Q | |
08/02/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/12/24 | 12/31/23 | 10-K | |
10/30/23 | 09/30/23 | 10-Q | |
07/27/23 | 06/30/23 | 10-Q | |
04/28/23 | 03/31/23 | 10-Q | |
02/13/23 | 12/31/22 | 10-K | |
10/27/22 | 09/30/22 | 10-Q | |
07/29/22 | 06/30/22 | 10-Q | |
04/29/22 | 03/31/22 | 10-Q | |
02/14/22 | 12/31/21 | 10-K | |
10/29/21 | 09/30/21 | 10-Q | |
07/27/21 | 06/30/21 | 10-Q | |
04/30/21 | 03/31/21 | 10-Q | |
02/12/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
07/30/20 | 06/30/20 | 10-Q | |
05/05/20 | 03/31/20 | 10-Q | |
02/18/20 | 12/31/19 | 10-K | |
10/30/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/03/19 | 03/31/19 | 10-Q | |
02/12/19 | 12/31/18 | 10-K | |
10/24/18 | 09/30/18 | 10-Q | |
07/27/18 | 06/30/18 | 10-Q | |
04/26/18 | 03/31/18 | 10-Q | |
02/15/18 | 12/31/17 | 10-K | |
10/26/17 | 09/30/17 | 10-Q | |
07/26/17 | 06/30/17 | 10-Q | |
04/25/17 | 03/31/17 | 10-Q | |
02/06/17 | 12/31/16 | 10-K | |
10/27/16 | 09/30/16 | 10-Q | |
07/27/16 | 06/30/16 | 10-Q | |
04/29/16 | 03/31/16 | 10-Q | |
02/12/16 | 12/31/15 | 10-K | |
10/27/15 | 09/30/15 | 10-Q | |
07/30/15 | 06/30/15 | 10-Q | |
05/01/15 | 03/31/15 | 10-Q | |
02/13/15 | 12/31/14 | 10-K | |
10/29/14 | 09/30/14 | 10-Q | |
07/31/14 | 06/30/14 | 10-Q | |
04/28/14 | 03/31/14 | 10-Q | |
02/10/14 | 12/31/13 | 10-K | |
10/30/13 | 09/30/13 | 10-Q | |
07/31/13 | 06/30/13 | 10-Q | |
04/26/13 | 03/31/13 | 10-Q | |
02/13/13 | 12/31/12 | 10-K | |
10/25/12 | 09/30/12 | 10-Q | |
07/27/12 | 06/30/12 | 10-Q | |
04/27/12 | 03/31/12 | 10-Q | |
02/13/12 | 12/31/11 | 10-K | |
10/27/11 | 09/30/11 | 10-Q | |
07/29/11 | 06/30/11 | 10-Q | |
04/29/11 | 03/31/11 | 10-Q | |
02/10/11 | 12/31/10 | 10-K | |
10/27/11 | 09/30/10 | 10-Q | |
07/29/11 | 06/30/10 | 10-Q | |
04/30/10 | 03/31/10 | 10-Q | |
02/10/10 | 12/31/09 | 10-K | |
11/01/10 | 09/30/09 | 10-Q | |
11/02/09 | 09/30/09 | 10-Q | |
07/29/09 | 06/30/09 | 10-Q | |
07/30/10 | 06/30/09 | 10-Q | |
05/01/09 | 03/31/09 | 10-Q | |
02/24/09 | 12/31/08 | 10-K | |
10/30/08 | 09/30/08 | 8-K | |
07/30/08 | 06/30/08 | 4 | |
04/29/08 | 03/30/08 | Unknown | -- |
02/15/08 | 12/31/07 | 8-K | |
10/26/07 | 09/30/07 | 8-K | |
07/27/07 | 06/30/07 | 8-K | |
04/27/07 | 03/30/07 | Unknown | -- |
02/27/07 | 12/31/06 | 8-K | |
11/01/06 | 09/30/06 | 8-K | |
07/28/06 | 06/30/06 | 8-K | |
05/10/06 | 03/30/06 | Unknown | -- |
02/24/06 | 12/31/05 | 8-K | |
11/02/05 | 09/30/05 | 8-K | |
07/29/05 | 06/30/05 | 8-K | |
04/26/05 | 03/30/05 | Unknown | -- |
02/22/05 | 12/31/04 | 4 | |
10/28/04 | 09/30/04 | 8-K | |
07/30/04 | 06/30/04 | 4 | |
05/04/04 | 03/30/04 | Unknown | -- |
03/01/04 | 12/31/03 | 4 | |
10/30/03 | 09/30/03 | 4 | |
08/06/03 | 06/30/03 | 8-K | |
05/01/03 | 03/30/03 | Unknown | -- |
02/20/03 | 12/31/02 | 8-K | |
11/01/02 | 09/30/02 | 8-K | |
07/24/02 | 06/30/02 | 8-K | |
05/07/02 | 03/30/02 | Unknown | -- |
03/04/02 | 12/31/01 | 8-K | |
10/26/01 | 09/30/01 | 8-K | |
08/03/01 | 06/30/01 | 8-K | |
05/02/01 | 03/30/01 | Unknown | -- |
03/12/01 | 12/31/00 | 8-K | |
10/24/00 | 09/30/00 | 8-K | |
08/11/00 | 06/30/00 | 8-K | |
05/12/00 | 03/30/00 | Unknown | -- |