Corning, Inc.

Corning, Inc.

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Market Cap$118.98B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Corning, Inc.Corning, Inc.62.60.81%15%7.30.8

Earnings Call Q2 2026

July 28, 2026 - AI Summary

Strong Q2 execution; financial profile improving faster than revenue - Sales up 17% YoY to $4.74B; core EPS up 30% to $0.78 (above guide range). - Gross margin +120 bps to 39.6%; operating margin +190 bps to 20.9%; ROIC +180 bps to 14.9%. - Free cash flow $1.42B (up meaningfully), supporting Springboard’s “earnings faster than sales + more cash” narrative.
Optical Communications is the growth engine (and profitability jump is “real,” not just top-line) - Optical Communications sales $2.07B (+32% YoY); net income $438M (+77% YoY) with NPAT margin ~21% (record profitability). - Enterprise sales +65% YoY; AI data-center-related enterprise nearly doubled in the quarter. - Management sees accelerating orders driven by Gen AI + enterprise networks; however they explicitly note “scale-up and photonics” are not yet showing up fully in current results (“just scale out” so far).
Guidance for Q3: still robust but one key “surprise” is how growth cadence is discussed - Q3 outlook: sales expected ~+16% YoY to $4.9B–$5.0B; core EPS +28% YoY to $0.85–$0.89. - 4Q question answered: company indicated it may reach the $20B annualized sales run-rate earlier than Q4, so they didn’t “upgrade” the plan immediately—management framed this as no underlying slowdown message, but investors should watch for the updated cadence later.

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$192.47

Target Price by Analysts

39.2% upsideCorning Target Price DetailsTarget Price
$19.45

Current Fair Value

85.9% downside

Overvalued by 85.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$118.98 Billion
Enterprise Value$126.32 Billion
Dividend Yield$1.12 (0.81%)
Earnings per Share$1.86
Beta1.09
Outstanding Shares860,000,000

Return

Return on Equity15.13%ROE
Return on Assets5.77%
Return on Invested Capital10.43%

Valuation & Multiples

P/E Ratio62.56P/E Ratio
PEG325.99PEG
Price to Sales7.28Price to Sales
Price to Book Ratio9.22Price to Book Ratio
Enterprise Value to Revenue7.45
Enterprise Value to EBIT44.99
Enterprise Value to Net Income66
Total Debt to Enterprise0.08
Debt to Equity0.78Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 28, 2026
EPS Estimate
$0.76
Average shareholder expectation
Revenue Estimate
$4.63 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$0.76
Average shareholder expectation
Revenue Estimate
$4.62 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.4310 61.29%
Total Calls23,900 99.81%
Total Puts34,200 99.67%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.19% 66.77%
Total Invested$16.51B 80.04%
Investors Holding1,258 1083.00%

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.