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Corning Incorporated (GLW)

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Upturn Advisory Summary
12/05/2025: GLW (5-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $93.31
1 Year Target Price $93.31
| 8 | Strong Buy |
| 1 | Buy |
| 5 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 125.18% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 73.71B USD | Price to earnings Ratio 55.11 | 1Y Target Price 93.31 |
Price to earnings Ratio 55.11 | 1Y Target Price 93.31 | ||
Volume (30-day avg) 14 | Beta 1.11 | 52 Weeks Range 36.82 - 92.26 | Updated Date 12/7/2025 |
52 Weeks Range 36.82 - 92.26 | Updated Date 12/7/2025 | ||
Dividends yield (FY) 1.31% | Basic EPS (TTM) 1.56 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 9.16% | Operating Margin (TTM) 14.56% |
Management Effectiveness
Return on Assets (TTM) 4.42% | Return on Equity (TTM) 12.74% |
Valuation
Trailing PE 55.11 | Forward PE 28.99 | Enterprise Value 81244273244 | Price to Sales(TTM) 4.94 |
Enterprise Value 81244273244 | Price to Sales(TTM) 4.94 | ||
Enterprise Value to Revenue 5.45 | Enterprise Value to EBITDA 23.45 | Shares Outstanding 857360396 | Shares Floating 783773153 |
Shares Outstanding 857360396 | Shares Floating 783773153 | ||
Percent Insiders 8.22 | Percent Institutions 75.93 |
Upturn AI SWOT
Corning Incorporated

Company Overview
History and Background
Corning Incorporated, founded in 1851 by Amory Houghton, initially focused on glass manufacturing. Key milestones include the development of Pyrex in 1915, early work with television bulbs, and significant contributions to fiber optics technology in the 1970s. Over its history, Corning has evolved into a materials science innovator, driven by research and development, expanding into diverse markets.
Core Business Areas
- Optical Communications: Designs, manufactures, and sells optical fiber, cable, and connectivity solutions for telecommunications networks, data centers, and enterprises. This segment is crucial for the expansion of broadband and 5G.
- Display Technologies: Develops and manufactures glass substrates for LCD and OLED displays used in televisions, laptops, and mobile devices. Corning is a leading supplier of premium glass for these applications.
- Specialty Materials: Offers advanced glass and ceramic materials for a range of applications, including mobile consumer electronics (e.g., Gorilla Glass), automotive (e.g., advanced optics), and life sciences (e.g., labware).
- Life Sciences: Provides high-quality labware, equipment, and other products for the pharmaceutical, biotechnology, and academic research industries.
- Automotive Technologies: Develops and manufactures advanced glass, ceramic, and filter products for the automotive industry, including emissions control solutions and advanced optical components.
Leadership and Structure
Corning Incorporated is led by a board of directors and a management team. As of recent filings, the CEO is Wendell P. Weeks. The company operates through its various business segments, each with its own leadership and strategic focus, all under the umbrella of the parent corporation.
Top Products and Market Share
Key Offerings
- Description: A highly durable, scratch-resistant glass used for the cover of mobile devices, tablets, and other consumer electronics. It is a leading brand in its category. Competitors include AGC Inc. (Dragontrail) and Schott AG.
- Market Share Data: Corning holds a dominant position in the chemically strengthened glass market for mobile devices.
- Product Name 1: Gorilla Glass
- Description: High-performance optical fiber and cable solutions essential for telecommunications, data centers, and enterprise networks. Corning is a global leader in optical fiber manufacturing. Competitors include Prysmian Group, CommScope, and Fujikura.
- Market Share Data: Corning is one of the largest global suppliers of optical fiber, estimated to hold a significant market share in the tens of percent.
- Product Name 2: Optical Fiber and Cable
- Description: Specialty glass for flat-panel displays used in TVs, monitors, and mobile devices. Corning is a key supplier to major display manufacturers. Competitors include LG Chem, BOE Technology, and Nippon Electric Glass.
- Market Share Data: Corning is a leading supplier, with a substantial share in high-end display glass.
- Product Name 3: LCD and OLED Glass Substrates
Market Dynamics
Industry Overview
Corning operates in several dynamic industries, including telecommunications infrastructure, consumer electronics, life sciences, and automotive. The demand for faster internet speeds, advanced displays, and innovative medical solutions are key drivers. The industries are characterized by rapid technological advancements and significant R&D investments.
Positioning
Corning is positioned as a leader in materials science innovation, with a strong focus on differentiated, high-performance products. Its competitive advantages lie in its extensive R&D capabilities, proprietary technologies, strong intellectual property portfolio, and established customer relationships with global manufacturers.
Total Addressable Market (TAM)
The TAM for Corning's various segments is substantial and growing. For example, the global fiber optic cable market is projected to reach hundreds of billions of dollars, and the display glass market is also in the hundreds of billions. Corning is well-positioned to capture a significant portion of this TAM due to its technological leadership and diversified product offerings.
Upturn SWOT Analysis
Strengths
- Strong R&D and innovation capabilities
- Dominant market positions in key segments (e.g., Gorilla Glass, optical fiber)
- Proprietary technologies and intellectual property
- Long-standing relationships with major global manufacturers
- Diversified product portfolio across multiple industries
Weaknesses
- Dependence on capital expenditures for growth
- Sensitivity to cyclical demand in certain markets (e.g., consumer electronics)
- Potential for large-scale R&D investments to not yield commercial success
- Complex global supply chain management
Opportunities
- Growing demand for 5G infrastructure and data center expansion
- Increasing adoption of advanced displays in consumer electronics and automotive
- Expansion of life sciences applications and diagnostics
- Emerging markets for advanced automotive technologies (e.g., autonomous driving optics)
- Potential for new material science breakthroughs
Threats
- Intensifying competition from existing and new players
- Economic downturns impacting consumer spending and capital investment
- Geopolitical risks and trade disputes affecting supply chains and market access
- Rapid technological obsolescence
- Raw material price volatility
Competitors and Market Share
Key Competitors
- Prysmian Group (PRY)
- CommScope Holding Company, Inc. (COMM)
- AGC Inc. (5201.T)
- Nippon Electric Glass Co., Ltd. (5214.T)
- LG Chem Ltd. (051910.KS)
Competitive Landscape
Corning's advantages lie in its technological leadership, innovation pipeline, and strong brand recognition, particularly for products like Gorilla Glass. However, competitors often compete on price and scale, especially in more commoditized segments of the market. Corning differentiates itself through the performance and unique properties of its materials.
Major Acquisitions
Innovolt
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance Corning's automotive glass capabilities and offerings for the automotive market.
Specialty Materials Business of 3M Company (select assets)
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: To expand Corning's portfolio in the optical communications market and enhance its presence in high-growth areas.
Growth Trajectory and Initiatives
Historical Growth: Corning has demonstrated consistent long-term growth, driven by its innovation and expansion into new markets. Growth has often been fueled by breakthroughs in material science and the successful commercialization of new products.
Future Projections: Analyst projections typically forecast continued revenue growth, particularly from the Optical Communications and Specialty Materials segments, driven by ongoing trends in digitalization and advanced manufacturing. Growth in Life Sciences is also expected to be a key contributor.
Recent Initiatives: Recent initiatives include investments in advanced manufacturing, strategic partnerships to accelerate new product development, and efforts to expand market reach in high-growth areas like 5G and augmented reality.
Summary
Corning Incorporated is a strong materials science innovator with leading positions in optical communications, display technologies, and specialty materials. Its continuous investment in R&D and diversified portfolio provide resilience, but it faces threats from intense competition and market cyclicality. Strategic initiatives in high-growth areas and continued technological advancements are key to its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Corning Incorporated Investor Relations
- SEC Filings (10-K, 10-Q)
- Industry Research Reports
- Financial News Outlets
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Market share data and financial projections are estimates and may vary. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Corning Incorporated
Exchange NYSE | Headquaters Corning, NY, United States | ||
IPO Launch date 1981-12-31 | Chairman, President & CEO Mr. Wendell P. Weeks | ||
Sector Technology | Industry Electronic Components | Full time employees 56300 | Website https://www.corning.com |
Full time employees 56300 | Website https://www.corning.com | ||
Corning Incorporated operates in optical communications, display technologies, environmental technologies, specialty materials, and life sciences businesses. 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. Additionally, it offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. Corning Incorporated operates in the United States, Canada, Mexico, Japan, Taiwan, China, South Korea, Germany, and internationally. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. The company was founded in 1851 and is headquartered in Corning, New York.

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