Corning, Inc.
GLW - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$106.22B
Close$
Earnings Call Q3 2026
October 27, 2026 - AI Summary
Record Q3 performance & strong profitability expansion (good): Q3 sales +$19% YoY to $5.1B, EPS +$36% YoY to $0.91 (both above guidance). Gross margin +150 bps to 40.5%, operating margin +310 bps to 22.7%, ROIC +330 bps to 16.7%. Free cash flow $661M despite continued capacity investment.
Outlook: continued acceleration into Q4 (forecast): Management expects Q4 sales +~19% YoY to $5.2B–$5.3B and EPS +~36% YoY to $0.96–$1.00 (midpoint implies another strong run-rate step up).
SpringBoard momentum now exceeding targets after upgrade (surprising/opportunity): Corning upgraded SpringBoard earlier this year to reach $20B annualized sales by end of 2026, $30B by end of 2028, $40B by end of 2030, with CAGR stepping up to ~19% starting 2027–2030. Already achieved/exceeded $20B run-rate in Q3 (ann. run-rate cited ~$20.3B) and expects ~$21B run-rate in Q4 (midpoint), implying faster-than-expected execution.
Exclusive for Stockcircle Pro members
Sign up
$17.51
85.3% downside
Current Fair Value
85.3% downsideOvervalued by 85.3% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $106.22 Billion |
|---|---|
| Enterprise Value | $113.56 Billion |
| Annual dividend | $1.12 |
| Dividend yield | 0.91% |
| Earnings per Share | $1.86 |
| Beta | 1.12 |
| Outstanding Shares | 863,000,000 |
Return
| Return on Equity | 17.12% |
|---|---|
| Return on Assets | 6.52% |
| Return on Invested Capital | 12.01% |
Valuation & Multiples
| P/E Ratio | 49.32 |
|---|---|
| PEG | 84.84 |
| Price to Sales | 5.94 |
| Price to Book Ratio | 7.92 |
| Enterprise Value to Revenue | 6.41 |
| Enterprise Value to EBIT | 35.1 |
| Enterprise Value to Net Income | 52 |
| Total Debt to Enterprise | 0.09 |
| Debt to Equity | 0.78 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 27, 2026
EPS Estimate
$0.88
Consensus analyst estimateRevenue Estimate
$5.03 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 27, 2027
EPS Estimate
$0.97
Consensus analyst estimateRevenue Estimate
$5.24 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 1.15, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 1.1461▲ 10.09% |
|---|---|
| Total Calls | 342,900▼ 97.81% |
| Total Puts | 393,000▼ 97.60% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.46%▼ 70.38% |
|---|---|
| Total Invested | $4.55B▼ 97.18% |
| Investors Holding | 1,020▼ 1782.00% |
About Corning, Inc.
51,500 employees
CEO: Wendell Weeks
Corning is one of the world's leading innovators in materials science, with a 169-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with...