GLW Stock - Corning Incorporated
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $13.12B | $12.59B | $14.19B | $14.08B | $11.30B |
| Gross Profit | $4.28B | $3.93B | $4.51B | $5.06B | $3.53B |
| Gross Margin | 32.6% | 31.2% | 31.8% | 36.0% | 31.2% |
| Operating Income | $1.14B | $890.00M | $1.44B | $2.11B | $509.00M |
| Net Income | $506.00M | $581.00M | $1.32B | $1.91B | $512.00M |
| Net Margin | 3.9% | 4.6% | 9.3% | 13.5% | 4.5% |
| EPS | $0.59 | $0.69 | $1.56 | $1.30 | $0.54 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 2nd 2025 | UBS | Upgrade | Buy | $84 |
| July 8th 2025 | Wolfe Research | Initiation | Outperform | - |
| January 30th 2025 | HSBC Securities | Upgrade | Buy | $60← $51 |
| August 21st 2024 | Mizuho | Upgrade | Outperform | $47← $44 |
| July 31st 2024 | Deutsche Bank | Upgrade | Buy | $46 |
| July 9th 2024 | HSBC Securities | Upgrade | Hold | $37 |
| June 17th 2024 | Fox Advisors | Upgrade | Overweight | $45 |
| June 13th 2024 | Morgan Stanley | Downgrade | Equal Weight | $38← $35 |
| May 30th 2024 | JP Morgan | Upgrade | Overweight | $43← $37 |
| May 7th 2024 | Mizuho | Initiation | Neutral | $36 |
| April 8th 2024 | UBS | Reiterated | Neutral | $35← $34 |
| February 1st 2024 | HSBC Securities | Downgrade | Reduce | $29 |
| October 25th 2023 | Deutsche Bank | Downgrade | Hold | $30← $37 |
| October 10th 2023 | JP Morgan | Downgrade | Neutral | $36← $43 |
| July 14th 2023 | UBS | Downgrade | Neutral | $39← $38 |
Earnings History & Surprises
GLWEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $0.70 | — | — | — |
Q4 2025 | Oct 28, 2025 | $0.67 | $0.67 | +0.8% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $0.57 | $0.60 | +5.1% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $0.51 | $0.54 | +6.5% | ✓ BEAT |
Q1 2025 | Jan 29, 2025 | $0.56 | $0.57 | +1.8% | ✓ BEAT |
Q4 2024 | Oct 29, 2024 | $0.53 | $0.54 | +2.7% | ✓ BEAT |
Q3 2024 | Jul 30, 2024 | $0.46 | $0.47 | +1.5% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.35 | $0.38 | +8.0% | ✓ BEAT |
Q1 2024 | Jan 30, 2024 | $0.40 | $0.39 | -2.5% | ✗ MISS |
Q4 2023 | Oct 24, 2023 | $0.46 | $0.45 | -2.2% | ✗ MISS |
Q3 2023 | Jul 25, 2023 | $0.46 | $0.45 | -2.2% | ✗ MISS |
Q2 2023 | Apr 25, 2023 | $0.39 | $0.41 | +5.1% | ✓ BEAT |
Q1 2023 | Jan 31, 2023 | $0.44 | $0.47 | +6.8% | ✓ BEAT |
Q4 2022 | Oct 25, 2022 | $0.51 | $0.51 | 0.0% | = MET |
Q3 2022 | Jul 26, 2022 | $0.56 | $0.57 | +1.8% | ✓ BEAT |
Q2 2022 | Apr 26, 2022 | $0.50 | $0.54 | +8.0% | ✓ BEAT |
Q1 2022 | Jan 26, 2022 | $0.52 | $0.54 | +3.8% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $0.58 | $0.56 | -3.4% | ✗ MISS |
Q3 2021 | Jul 27, 2021 | $0.51 | $0.53 | +3.9% | ✓ BEAT |
Latest News
Morgan Stanley Maintains Equal-Weight on Corning, Raises Price Target to $98
➖ NeutralWells Fargo Maintains Overweight on Owens-Corning, Lowers Price Target to $130
➖ NeutralCorning slides after six-session rally
📉 NegativeEvercore ISI Group Maintains In-Line on Owens-Corning, Lowers Price Target to $117
➖ NeutralUBS Maintains Buy on Corning, Raises Price Target to $109
📈 PositiveJP Morgan Maintains Neutral on Owens-Corning, Lowers Price Target to $113
➖ NeutralUBS Maintains Buy on Owens-Corning, Lowers Price Target to $179
➖ NeutralRBC Capital Maintains Outperform on Owens-Corning, Lowers Price Target to $145
➖ NeutralWells Fargo Maintains Overweight on Owens-Corning, Lowers Price Target to $150
➖ NeutralBarclays Maintains Overweight on Owens-Corning, Lowers Price Target to $131
➖ NeutralOwens-Corning Sees Q4 Sales $2.100B-$2.200B vs $2.463B Est
📉 NegativeOwens-Corning Q3 Adj. EPS $3.67 Misses $3.71 Estimate, Sales $2.684B Miss $2.697B Estimate
📉 NegativeEnsurge And Corning Sign Joint Development Agreement To Integrate Ribbon Ceramic Materials With Solid-State Microbattery Architecture For Next-Generation High-Performance Batteries
📈 PositiveCitigroup Maintains Buy on Corning, Raises Price Target to $99
📈 PositiveArgus Research Maintains Buy on Corning, Raises Price Target to $110
📈 PositiveUBS Maintains Buy on Corning, Raises Price Target to $100
📈 PositiveCorning shares are trading higher after multiple analysts raised their price targets on the stock
📈 PositiveJP Morgan Maintains Overweight on Corning, Raises Price Target to $100
📈 PositiveSusquehanna Maintains Positive on Corning, Raises Price Target to $100
📈 PositiveBarclays Maintains Equal-Weight on Corning, Raises Price Target to $83
➖ NeutralFrequently Asked Questions about GLW
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