Corning, Inc.

Corning, Inc.

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Market Cap$156.03B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Corning, Inc.Corning, Inc.86.40.62%15%11.20.8

Earnings Call Q1 2026

April 28, 2026 - AI Summary

Strong Year-Over-Year Growth: Corning reported first quarter 2026 sales of $4.35 billion, up 18% compared to the previous year. Earnings per share (EPS) also rose by 30% to $0.70, with operating margin expanding by 220 basis points to 20.2%. These results demonstrate the effectiveness of the Springboard growth plan launched in 2023.
Sector Performance: The Optical Communications segment saw a remarkable 36% sales increase, fueled by significant multiyear agreements with major customers like Meta and others. Corning aims to leverage its innovations to capture even more market share, anticipating that demand will steadily increase as carriers expand their fiber networks.
Solar Business Ramp-Up: Corning's solar sales surged by 80% year-over-year to $370 million, driven by growing demand for polysilicon, wafers, and modules. There are plans to upgrade the sales target for this segment significantly, with the expectation of surpassing the initial goal of a $2.5 billion revenue stream by 2028. However, challenges remain with production ramp-up for solar wafers due to operational shutdowns, impacting margins and EPS temporarily.

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$165.67

Target Price by Analysts

17.5% downsideCorning Target Price DetailsTarget Price
$19.34

Current Fair Value

90.4% downside

Overvalued by 90.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$156.03 Billion
Enterprise Value$163.24 Billion
Dividend Yield$1.12 (0.62%)
Earnings per Share$1.86
Beta1.14
Outstanding Shares862,790,697

Return

Return on Equity15.32%ROE
Return on Assets5.79%
Return on Invested Capital8.26%

Valuation & Multiples

P/E Ratio86.42P/E Ratio
PEG63.4PEG
Price to Sales11.15Price to Sales
Price to Book Ratio14.34Price to Book Ratio
Enterprise Value to Revenue10
Enterprise Value to EBIT77.99
Enterprise Value to Net Income90
Total Debt to Enterprise0.05
Debt to Equity0.76Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$0.68
Average shareholder expectation
Revenue Estimate
$4.29 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$0.76
Average shareholder expectation
Revenue Estimate
$4.64 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.8181 16.82%
Total Calls12,640,942 17.14%
Total Puts10,341,336 47.46%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %70.90% 2.02%
Total Invested$82.62B 50.53%
Investors Holding2,320 356.00%

ESG Score

No data

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...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and analysis for all tax legislation. Its influence on the specifics of corporate tax structures, capital investment credits, and R&D incentives directly shapes the fiscal policy landscape that critically affects Corning's financial planning and profitability.

Finance

This is the most powerful economic committee. Its control over taxation (e.g., corporate tax rates, R&D credits) and trade policy (e.g., tariffs on imports/exports, international agreements) directly and significantly impacts Corning's profitability, investment strategies, and global supply chains as a major manufacturer.

Appropriations

This committee directly allocates discretionary federal spending. Funding for scientific research, infrastructure projects (e.g., broadband expansion for optical comms), and defense programs directly impacts market demand for Corning's materials and the industries it serves.

Commerce, Science, and Transportation

Corning is a critical supplier to the telecommunications (optical communications), mobile consumer electronics, and display industries. This committee's vast jurisdiction over interstate commerce, the FCC, FTC, 'Big Tech' regulation, and telecommunications directly impacts Corning's major markets and customers.