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Corning Incorporated's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $132.8B | |
|---|---|---|
| Revenue (ttm) | 17.7B | |
| Net income (ttm) | 2.2B | |
| EPS (ttm) | $2.47 | |
| Shares out | 861.4M | |
| P/E (trailing) | 53.2x | |
| P/E (forward) | 38.5x | |
| Dividend | $1.12 (0.85%) | |
| Volume | 10,038,692 | |
| Beta | 1.12 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $14.08B | $14.19B | $12.59B | $13.12B | $15.63B | +2.6% |
| Gross profit | $5.06B | $4.51B | $3.93B | $4.28B | $5.62B | +2.6% |
| Operating income | $2.11B | $1.44B | $890.0M | $1.14B | $2.28B | +1.9% |
| Net income | $1.91B | $1.32B | $581.0M | $506.0M | $1.60B | -4.3% |
| EPS (diluted) | $1.28 | $1.54 | $0.68 | $0.58 | $1.83 | +9.3% |
| EBITDA | $4.21B | $3.54B | $890.0M | $2.49B | $3.74B | -2.9% |
| R&D | $800.0M | $900.0M | $900.0M | $800.0M | $800.0M | +0.0% |
| SG&A | $1.83B | $1.90B | $1.84B | $1.93B | $2.12B | +3.8% |
Recent company headlines from major financial publishers.
In the Base case, Corning achieves consensus revenue growth of 23.21% in FY2026 and 19.18% in FY2027, reaching its $20B annualized run-rate target. Operating margins expand steadily from 14.58% in FY2025 to 15.5% in FY2026 and 18.0% by FY2029 as factory overhead is absorbed. Capital expenditures normalize from $2.0B in FY2026 back toward maintenance levels of 5.7% of sales.
In the Bull case, generative AI cluster interconnect density scales faster than anticipated, driving enterprise optical content per GPU beyond 1.5x by 2028 and expanding Optical Communications toward a $10B annual run-rate. Volume throughput across fusion draw tanks delivers pronounced operating leverage, lifting consolidated operating margin to management's target of 20.0%. Robust free cash flow expansion allows accelerated debt paydown alongside dividend growth.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 8.3% | $45.8 | $46.6 | $47.5 | $48.5 | $49.5 |
| 8.8% | $43.6 | $44.3 | $45.0 | $45.8 | $46.7 |
| 9.3% | $41.7 | $42.3 | $42.9 | $43.6 | $44.3 |
| 9.8% | $40.0 | $40.5 | $41.0 | $41.6 | $42.2 |
| 10.3% | $38.4 | $38.9 | $39.3 | $39.8 | $40.3 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
