Reading the tape
NYSE: GLW
Corning Incorporated
Technology · Hardware, Equipment & Parts
Market Cap
$135.96B
52w High
$179.08
52w Low
$44.33
P/E
75.45
Volume
7.06M
Outstanding Shares
859.02M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 253.46%Revenue (TTM): 20.05%FCF (TTM): 39.79%P/FCF: 94th pct
What changed
The stock rose 253.46% over the last year. Revenue grew 20.05% over the trailing twelve months. Operating margin moved from 9.75% to 15.31%. Free cash flow grew 39.79% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (94th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 15.31% — continued expansion would be needed to justify the premium. Revenue growth of 20.05% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide.
CEOWendell Weeks
SectorTechnology
IndustryHardware, Equipment & Parts
Employees56,300
IPO dateDec 31, 1981
Valuation
Forward P/E—
EV/EBITDA22.49
Enterprise value$84B
Stock splits
Oct 4, 2000↑ Forward
Every 1 shares became 3
Feb 11, 1992↑ Forward
Every 1 shares became 2
Feb 15, 1989↑ Forward
Every 1 shares became 2
Feb 13, 1985↑ Forward
Every 1 shares became 2
Feb 26, 1973↑ Forward
Every 2 shares became 5
Profitability & growth
Revenue growth20.05%
Gross margin36.31%▲8.23%vs FY2024
Operating margin15.31%▲72.38%vs FY2024
ROE13.52%▲185.47%vs FY2024
Analyst consensus
RatingBuy
Target price$143.11▼9.58%
20
Buy
15
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 4, 2026
Q3 FY26 · EPS est $0.75 · Revenue est $4.61B
View
Dividends
$1.12/shareQuarterlyDividend Achiever · 18yrEx-div May 29, 2026 · in 26dAdequateGLW pays a dividend with a 0.71% declared yield, 18 consecutive years of growth, growing at 4.01% annually, covered 1.4× by free cash flow.
Declared Yield
0.71%
Annual Div / Share
$1.12
5yr CAGR
+4.01%
Doubles every ~17.6yr
Payout Ratio
55.3%
Adequate
Dividend Growth Rate
3yr CAGR
+0.6%
5yr CAGR
+4.01%
10yr CAGR
+8.18%
Dividend Safety
6/10Adequate
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.12+0.0%
2025$1.12+0.0%
2024$1.12+1.8%
2023$1.10+7.8%
2022$1.02+10.9%
2021$0.92+9.5%
2020$0.84+10.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$7/yr
$1/mo
In 5 yrs
$9/yr+22%
$1/mo
In 10 yrs
$10/yr+48%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$7/yr $1/mo | $9/yr+22% $1/mo | $10/yr+48% $1/mo |
Yield-on-cost grows from 0.71% → 1.05% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
GLW has raised its dividend for 18 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in GLW
STOCK Act disclosures from senators and representatives.
Maria Elvira Salazar
FLhouseRepublicanPurchase2026-03-19$15,001 - $50,000+34d to disclose