Corning Incorporated (GLW)

FairStock Score: 39/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Corning is a durable industrial technology business, and I see a real moat in process know-how, customer qualification, and scale across optical fiber, specialty glass, and display substrates. The filed record shows improvement: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $4.5 billion, net income $559.0 million, and diluted EPS $0.64. That compares with revenue $3.9 billion, net income $469.0 million, and diluted EPS $0.54 in fiscal Q2 2025, the quarter ended 2025-06-30. For fiscal year 2025, revenue was $15.6 billion and net income $1.6 billion, or $1.83 per diluted share, versus fiscal year 2024 revenue of $13.1 billion, net income of $506.0 million, and diluted EPS of $0.58. Financial health looks reasonable: FairStock calculations show debt/equity of 0.71, Altman Z-score of 4.32, and Piotroski F-score of 7/9. Returns are mixed: ROE 16.81%, ROCE 5.37%, free cash flow $2.4 billion, and FCF yield 2.2%. The price is the problem. At the $127.74 close on 2026-10-26, FairStock shows P/E 58.60, P/B 9.22, PEG 2.96, EV/EBITDA 27.01, Graham Number $26.77, margin of safety -362.05%, and a FairStock Score of 36/100. Growth is good but not enough to make this a Graham bargain. The computed Lynch category is STALWART: steady growth, with profit 25.5% a year over five years and revenue 6.7%. I would call it a quality business at an expensive price, needing patience and better returns on capital before the valuation looks compelling.

In plain English: Corning makes optical fiber, specialty glass, and other materials used in communications, displays, cars, and life sciences. The business looks profitable and growing: sales and profit were higher in the quarter ended June 30, 2026 than a year earlier. But at the 2026-10-26 close of $127.74, the stock price looks expensive compared with the company's recent profits and accounting value.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer