GLW Corning Inc.

XNYS Sideways Alert

Technology

· How we analyze

About the company

Corning is a US specialist in glass, ceramics and optical technology. It is known for Gorilla Glass, the protective glass for smartphones. Other areas are fiber optic cables for networks and data centers, display glass, emissions ceramics for cars and lab products. As of Oct 11, 2026

Fact sheet (from the annual report) Nonferrous wire and cable · Corning, USA

Based on glass and ceramics science and optical physics, Corning develops materials for communications, displays, consumer electronics, cars and life sciences. Optical Communications supplies optical fiber, cable and connectivity for telecommunications networks and data centers. The Display segment makes glass substrates for flat panel displays, used mainly in TVs, notebooks, monitors, tablets and handheld devices. Specialty Materials supplies chemically strengthened thin glass as cover glass for mobile phones, tablets, laptops and smartwatches as well as optics for the semiconductor industry. Automotive makes ceramic substrates and filters for emissions control and technical glass for vehicles. Life Sciences supplies lab products to researchers and drug makers.

Automatically summarized from SEC annual report (10-K, filed Feb 12, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +3.3%
  • 7 days −3.8%
  • 30 days −18.5%
  • 1 year +46.1%
Day range (last trading day)
−3.9%Price at 86% of the range+0.7%
52-week range
−39.4%Price at 26% of the range+112.8%
Distance from the all-time high
−53.0%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Where is the price relative to the buy zone?

No buy zone

There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.

An observation, not investment advice

Rule (4-hour candles) No active buy zone – the last one ended on Oct 14, 2026 · Setup invalid (close below the start of wave 1)

Watcher Full history: every change of the buy zone with its date.

Automated analysis (rule-based)

How we analyze

Timeframe 4 hours · As of Oct 27, 2026

Elliott wave analysis Corning (4-hour candles): Impulse, Impulse pattern (downward), Wave 3 in progress (1 of 3 guidelines); no buy zone of the rule on this timeframe. Candlestick chart GLW with 78 4-hour candles from Sep 2, 2026, 15:30 to Oct 27, 2026, 18:30. No buy zone of the rule on this timeframe – only the Elliott count: Impulse, Impulse pattern (downward), Wave 3 in progress (1 of 3 guidelines) (W2 = 98% of W1; W3 = 169% of W1), invalid on a close above the start of wave 1. Fibonacci target zones for this count from Watcher. No value axis. Automated analysis (rule-based), not investment advice. GLW · 4-hour candles · Automated analysis (rule-based) No buy zone of the rule – Elliott count only Fibonacci target zones for this count from Watcher invalid on a close above the start of wave 1 0 1 2 3 in progress (i) (ii) (iii) (iv) (v) Sep 4 Sep 15 Sep 23 Oct 1 Oct 9 Oct 19 last candle Oct 27, 2026, 18:30 · not investment advice Without a buy zone of the rule: no value axis
  • 4-hour candles (green = close above open, red = below)
  • Elliott count (thin gold line, waves in circles; dashed circle = still in progress; small = subwaves; red dashed = invalidation level)
  • Watcher Fibonacci target zones for this count from Watcher

Elliott count: Impulse, Impulse pattern (downward), Wave 3 in progress (1 of 3 guidelines) · W2 = 98% of W1; W3 = 169% of W1

Note: Structure ambiguous: leg W2 can also be read as three- or five-part.

Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.

Scenarios

Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart

Weighting Main scenario (1 of 3 guidelines, weak) · no alternative

Weighting by guidelines met – not a probability.

Main scenario

weak · 1 of 3 guidelines

As long as the 4-hour close stays below the start of wave 1, this applies: Downward move in five waves (Impulse), wave 3 in progress – count points to falling prices.

Invalid if the 4-hour close is above the start of wave 1

Alternative

If that breaks, this count no longer applies. Currently no alternative that follows the rules.

Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.

Save zone

With a free account: save the buy zone shown for yourself (stop and targets from Watcher). It stays visible even if the zone changes later. Log in · Sign up

Fundamental analysis

Corning Inc. · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 12, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 4 of 8 met

  • not met: Gross margin above 40% 36.0%
  • not met: Operating margin above 15% 14.6%
  • met: Net margin above 10% 10.2%
  • not met: Return on equity above 15% 13.5%
  • not met: Free cash flow margin above 10% 9.0%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • met: Equity ratio above 30% 38.1%
Gross margin

36.0% Fiscal year 2025

Rank 26 of 100: higher than 26% of 153 peers (All). weak.

Rank 18 of 100: higher than 18% of 57 peers (Sector). weak.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

14.6% Fiscal year 2025

Rank 47 of 100: higher than 47% of 192 peers (All). medium.

Rank 51 of 100: higher than 51% of 60 peers (Sector). medium.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

10.2% Fiscal year 2025

Rank 39 of 100: higher than 39% of 237 peers (All). medium.

Rank 42 of 100: higher than 42% of 63 peers (Sector). medium.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

13.5% Fiscal year 2025

Rank 42 of 100: higher than 42% of 218 peers (All). medium.

Rank 50 of 100: higher than 50% of 61 peers (Sector). medium.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

5.2% Fiscal year 2025 (total assets at year end)

Rank 46 of 100: higher than 46% of 238 peers (All). medium.

Rank 47 of 100: higher than 47% of 63 peers (Sector). medium.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

38.1% Fiscal year 2025

Rank 53 of 100: higher than 53% of 239 peers (All). medium.

Rank 31 of 100: higher than 31% of 63 peers (Sector). weak.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

9.0% Fiscal year 2025

Rank 40 of 100: higher than 40% of 213 peers (All). medium.

Rank 38 of 100: higher than 38% of 62 peers (Sector). medium.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

1.4B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 5 of 6 met · 1 without data

  • not met: Over 3 years, revenue grew by more than 5% per year +3.3%
  • met: Over 5 years, revenue grew by more than 5% per year +6.7%
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • met: Over 3 years, EPS grew by more than 5% per year +5.9%
  • met: Over 5 years, EPS grew by more than 5% per year +27.6%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 4 of 5
  • met: Revenue rose in the last fiscal year +19.1%
Revenue growth 3 years

+3.3% per year

Rank 27 of 100: higher than 27% of 230 peers (All). weak.

Rank 21 of 100: higher than 21% of 59 peers (Sector). weak.

Median Technology: +14.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+6.7% per year

Rank 27 of 100: higher than 27% of 217 peers (All). weak.

Rank 21 of 100: higher than 21% of 54 peers (Sector). weak.

Median Technology: +14.5%

Average growth per year over 5 fiscal years.

EPS growth 3 years

+5.9% per year

Rank 33 of 100: higher than 33% of 157 peers (All). medium.

Rank 27 of 100: higher than 27% of 32 peers (Sector). weak.

Median Technology: +19.2%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+27.6% per year

Rank 79 of 100: higher than 79% of 146 peers (All). strong.

Rank 72 of 100: higher than 72% of 34 peers (Sector). strong.

Median Technology: +17.0%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+6.2% per year

Rank 34 of 100: higher than 34% of 140 peers (All). medium.

Rank 17 of 100: higher than 17% of 27 peers (Sector). weak.

Median Technology: +17.5%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 6 of 7 met

  • met: Pays a dividend 1.12 USD
  • not met: Payout ratio at most 60% of earnings 61%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +4.9%
  • met: Free cash flow per share covers the dividend 1.4x
  • met: Dividends paid over the last 5 years covered by free cash flow 80% of free cash flow
Payout ratio

61% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+4.9% per year

Rank 22 of 100: higher than 22% of 118 peers (All). weak.

Rank 21 of 100: higher than 21% of 21 peers (Sector). weak.

Median Technology: +11.2%

Growth of the dividend per share per year.

Free cash flow coverage

1.4x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 5 of 6 met

  • met: Piotroski F-Score at least 7 of 9 7 of 9
  • met: Long-term debt no higher than equity 0.65
  • met: Current assets cover current liabilities 1.59
  • met: Positive equity 11.8B USD
  • not met: In 5 years, share count up by at most 5% +12.8%
  • met: Free cash flow positive in the last fiscal year 1.4B USD
Piotroski F-Score

7 of 9 Fiscal year 2025

Rank 72 of 100: higher than 72% of 134 peers (All). strong.

Rank 70 of 100: higher than 70% of 44 peers (Sector). strong.

Median Technology: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

0.65 at fiscal year end

Rank 49 of 100: lower than 49% of 199 peers (All). medium.

Rank 40 of 100: lower than 40% of 54 peers (Sector). medium.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.59 at fiscal year end

Rank 58 of 100: higher than 58% of 215 peers (All). medium.

Rank 36 of 100: higher than 36% of 63 peers (Sector). medium.

Median Technology: 2.02

Current assets divided by current liabilities.

Change in share count

+12.8% in 5 years

Rank 25 of 100: lower than 25% of 199 peers (All). weak.

Rank 36 of 100: lower than 36% of 51 peers (Sector). medium.

Median Technology: +2.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light yellow: Revenue grew over 5 years (+6.7% per year), more slowly than the sector median.
  • Light green: Net income (total) grew over 5 years (+25.5% per year), at least as fast as the sector median; per share +27.6% per year.
  • Light yellow: Net margin 10.2%, below the sector median (12.5%).
  • Light yellow: Debt higher than usual in the sector.
  • Light yellow: Profit in 9 of 10 fiscal years.
  • Light yellow: High payout ratio (61% of earnings).

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 9.4B USD · Net income 3.7B USD · Net margin 39.4%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 10.1B USD · Net income −497.0M USD · Net margin −4.9%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 11.3B USD · Net income 1.1B USD · Net margin 9.4%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 11.5B USD · Net income 960.0M USD · Net margin 8.3%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 11.3B USD · Net income 512.0M USD · Net margin 4.5%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 14.1B USD · Net income 1.9B USD · Net margin 13.5%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 14.2B USD · Net income 1.3B USD · Net margin 9.3%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 12.6B USD · Net income 581.0M USD · Net margin 4.6%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 13.1B USD · Net income 506.0M USD · Net margin 3.9%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 15.6B USD · Net income 1.6B USD · Net margin 10.2%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 15.6B USD · Net income 1.6B USD · Net margin 10.2%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 36.0 USD gross profit, 14.6 USD operating income and 10.2 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue15.6B USD100.0%
Gross profit5.6B USD36.0%
Cost of revenue10.0B USD64.0%
Operating income2.3B USD14.6%
Research & development800.0M USD5.1%
Other operating expenses2.5B USD16.3%
Net income1.6B USD10.2%
Interest expense336.0M USD2.1%
Taxes310.0M USD2.0%
Other37.0M USD0.2%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 4.5% to 14.6%.

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 39.9% · Operating margin 14.8% · Net margin 39.4%
  2. Fiscal year 2017: Gross margin 39.9% · Operating margin 16.1% · Net margin −4.9%
  3. Fiscal year 2018: Gross margin 39.5% · Operating margin 14.0% · Net margin 9.4%
  4. Fiscal year 2019: Gross margin 35.1% · Operating margin 11.4% · Net margin 8.3%
  5. Fiscal year 2020: Gross margin 31.2% · Operating margin 4.5% · Net margin 4.5%
  6. Fiscal year 2021: Gross margin 36.0% · Operating margin 15.0% · Net margin 13.5%
  7. Fiscal year 2022: Gross margin 31.8% · Operating margin 10.1% · Net margin 9.3%
  8. Fiscal year 2023: Gross margin 31.2% · Operating margin 7.1% · Net margin 4.6%
  9. Fiscal year 2024: Gross margin 32.6% · Operating margin 8.7% · Net margin 3.9%
  10. Fiscal year 2025: Gross margin 36.0% · Operating margin 14.6% · Net margin 10.2%

Returns

Return on equity rose in 5 years from 3.9% to 13.5%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 20.7% · Return on assets 13.2%
  2. Fiscal year 2017: Return on equity −3.2% · Return on assets −1.8%
  3. Fiscal year 2018: Return on equity 7.7% · Return on assets 3.9%
  4. Fiscal year 2019: Return on equity 7.4% · Return on assets 3.3%
  5. Fiscal year 2020: Return on equity 3.9% · Return on assets 1.7%
  6. Fiscal year 2021: Return on equity 15.5% · Return on assets 6.3%
  7. Fiscal year 2022: Return on equity 11.0% · Return on assets 4.5%
  8. Fiscal year 2023: Return on equity 5.0% · Return on assets 2.0%
  9. Fiscal year 2024: Return on equity 4.7% · Return on assets 1.8%
  10. Fiscal year 2025: Return on equity 13.5% · Return on assets 5.2%

Equity and long-term debt

The equity ratio fell in 5 years from 43.1% to 38.1%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 17.9B USD · Long-term debt 3.6B USD
  2. Fiscal year 2017: Equity 15.7B USD · Long-term debt 4.7B USD
  3. Fiscal year 2018: Equity 13.8B USD · Long-term debt 6.0B USD
  4. Fiscal year 2019: Equity 12.9B USD · Long-term debt 7.7B USD
  5. Fiscal year 2020: Equity 13.3B USD · Long-term debt 7.8B USD
  6. Fiscal year 2021: Equity 12.3B USD · Long-term debt 7.0B USD
  7. Fiscal year 2022: Equity 12.0B USD · Long-term debt 6.7B USD
  8. Fiscal year 2023: Equity 11.6B USD · Long-term debt 7.2B USD
  9. Fiscal year 2024: Equity 10.7B USD · Long-term debt 6.9B USD
  10. Fiscal year 2025: Equity 11.8B USD · Long-term debt 7.6B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 2.12 to 1.59.

Current ratio
  1. Fiscal year 2016: Current ratio 3.29
  2. Fiscal year 2017: Current ratio 2.75
  3. Fiscal year 2018: Current ratio 2.12
  4. Fiscal year 2019: Current ratio 2.12
  5. Fiscal year 2020: Current ratio 2.12
  6. Fiscal year 2021: Current ratio 1.59
  7. Fiscal year 2022: Current ratio 1.44
  8. Fiscal year 2023: Current ratio 1.67
  9. Fiscal year 2024: Current ratio 1.62
  10. Fiscal year 2025: Current ratio 1.59

Cash flow

Free cash flow rose in 5 years from 803.0M USD to 1.4B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 2.5B USD · Capital expenditure not available · Free cash flow not available
  2. Fiscal year 2017: Operating cash flow 2.0B USD · Capital expenditure not available · Free cash flow not available
  3. Fiscal year 2018: Operating cash flow 2.9B USD · Capital expenditure 2.2B USD · Free cash flow 677.0M USD
  4. Fiscal year 2019: Operating cash flow 2.0B USD · Capital expenditure 2.0B USD · Free cash flow 53.0M USD
  5. Fiscal year 2020: Operating cash flow 2.2B USD · Capital expenditure 1.4B USD · Free cash flow 803.0M USD
  6. Fiscal year 2021: Operating cash flow 3.4B USD · Capital expenditure 1.6B USD · Free cash flow 1.8B USD
  7. Fiscal year 2022: Operating cash flow 2.6B USD · Capital expenditure 1.6B USD · Free cash flow 1.0B USD
  8. Fiscal year 2023: Operating cash flow 2.0B USD · Capital expenditure 1.4B USD · Free cash flow 615.0M USD
  9. Fiscal year 2024: Operating cash flow 1.9B USD · Capital expenditure 965.0M USD · Free cash flow 974.0M USD
  10. Fiscal year 2025: Operating cash flow 2.7B USD · Capital expenditure 1.3B USD · Free cash flow 1.4B USD

Share count

The share count rose in 5 years by 12.8% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 1.1B
  2. Fiscal year 2017: Diluted share count 895.0M
  3. Fiscal year 2018: Diluted share count 941.0M
  4. Fiscal year 2019: Diluted share count 899.0M
  5. Fiscal year 2020: Diluted share count 772.0M
  6. Fiscal year 2021: Diluted share count 844.0M
  7. Fiscal year 2022: Diluted share count 857.0M
  8. Fiscal year 2023: Diluted share count 859.0M
  9. Fiscal year 2024: Diluted share count 869.0M
  10. Fiscal year 2025: Diluted share count 871.0M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
1.12 USD · Fiscal year 2025
Dividend growth per year
3 y +1.2%5 y +4.9%10 y –
Years without a cut
at least 10 as far as the data goes
Payout ratio
of earnings 61% of free cash flow 69%
To shareholders (5 years)
5.5B USD 15% through repurchases
Share count over 5 years
+12.8% more shares – dilution

Dividend per share

The dividend per share rose in 5 years from 0.88 USD to 1.12 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 0.54 USD
  2. Fiscal year 2017: Dividend per share 0.62 USD
  3. Fiscal year 2018: Dividend per share 0.72 USD
  4. Fiscal year 2019: Dividend per share 0.80 USD
  5. Fiscal year 2020: Dividend per share 0.88 USD
  6. Fiscal year 2021: Dividend per share 0.96 USD
  7. Fiscal year 2022: Dividend per share 1.08 USD
  8. Fiscal year 2023: Dividend per share 1.12 USD
  9. Fiscal year 2024: Dividend per share 1.12 USD
  10. Fiscal year 2025: Dividend per share 1.12 USD

Payout ratios

The payout ratio fell in 5 years from 163.0% to 61.2%.

Payout ratio (earnings)Payout ratio (free cash flow) Ratios above 500% hidden (earnings or free cash flow close to zero).
  1. Fiscal year 2016: Payout ratio (earnings) 16.7% · Payout ratio (free cash flow) not available
  2. Fiscal year 2017: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
  3. Fiscal year 2018: Payout ratio (earnings) 63.7% · Payout ratio (free cash flow) 87.1%
  4. Fiscal year 2019: Payout ratio (earnings) 74.8% · Payout ratio (free cash flow) not available
  5. Fiscal year 2020: Payout ratio (earnings) 163.0% · Payout ratio (free cash flow) 84.8%
  6. Fiscal year 2021: Payout ratio (earnings) 75.0% · Payout ratio (free cash flow) 45.7%
  7. Fiscal year 2022: Payout ratio (earnings) 70.1% · Payout ratio (free cash flow) 91.6%
  8. Fiscal year 2023: Payout ratio (earnings) 164.7% · Payout ratio (free cash flow) 157.4%
  9. Fiscal year 2024: Payout ratio (earnings) 193.1% · Payout ratio (free cash flow) 99.7%
  10. Fiscal year 2025: Payout ratio (earnings) 61.2% · Payout ratio (free cash flow) 68.7%

What goes back to shareholders

Over 5 years, 5.5B USD went back to shareholders, 15% of it through share repurchases. That is 95% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD Dividends partly reported as declared rather than paid.
  1. Fiscal year 2016: Dividends paid not available · Share repurchases 4.2B USD · New shares issued (including employee plans) not available · Free cash flow not available
  2. Fiscal year 2017: Dividends paid 556.0M USD · Share repurchases 2.5B USD · New shares issued (including employee plans) not available · Free cash flow not available
  3. Fiscal year 2018: Dividends paid 590.0M USD · Share repurchases 2.2B USD · New shares issued (including employee plans) not available · Free cash flow 677.0M USD
  4. Fiscal year 2019: Dividends paid 625.0M USD · Share repurchases 940.0M USD · New shares issued (including employee plans) not available · Free cash flow 53.0M USD
  5. Fiscal year 2020: Dividends paid 681.0M USD · Share repurchases 105.0M USD · New shares issued (including employee plans) not available · Free cash flow 803.0M USD
  6. Fiscal year 2021: Dividends paid 812.0M USD · Share repurchases 274.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.8B USD
  7. Fiscal year 2022: Dividends paid 926.0M USD · Share repurchases 221.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.0B USD
  8. Fiscal year 2023: Dividends paid 968.0M USD · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow 615.0M USD
  9. Fiscal year 2024: Dividends paid 971.0M USD · Share repurchases 165.0M USD · New shares issued (including employee plans) not available · Free cash flow 974.0M USD
  10. Fiscal year 2025: Dividends paid 971.0M USD · Share repurchases 163.0M USD · New shares issued (including employee plans) not available · Free cash flow 1.4B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Corning Inc. next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison GLW, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
SNDK Sandisk 20.2B USD –71.5%61.2%56.5%72.7%69.9%56.8%7/9
TXN Texas Instruments 17.7B USD +4.1%57.0%34.1%28.3%30.7%47.1%14.7%6/9
GLW Corning Inc. this stock 15.6B USD +6.7%36.0%14.6%10.2%13.5%38.1%9.0%7/9
KLAC KLA Corporation 13.6B USD +14.4%61.3%–35.6%76.1%35.4%27.7%8/9
NOW ServiceNow 13.3B USD +24.1%77.5%13.7%13.2%13.5%49.8%34.5%6/9
WDC Western Digital 12.9B USD −5.3%48.9%34.5%72.9%106.3%63.9%27.2%7/9
STX Seagate Technology 12.2B USD +2.7%45.6%33.6%26.1%146.9%21.7%25.5%8/9
MSI Motorola Solutions 11.7B USD +9.5%51.7%25.6%18.4%89.4%12.4%22.0%6/9
PANW Palo Alto Networks 11.5B USD +22.0%70.4%6.1%2.7%1.1%56.7%35.8%4/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light yellow: below sector

+6.7% per year, last 5 years

Sector Technology: median +13.5% (88 symbols)

What does this mean? Revenue: over 5 years it grew by 6.7% per year on average, but more slowly than the median company in the sector (+13.5%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+25.5% per year, last 5 years

Sector Technology: median +13.3% (62 symbols)

per share: +27.6% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 25.5% per year on average – at least as fast as the median company in the sector (+13.3%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

10.2% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue, 10.21 USD remained as profit – less than the median company in the sector (12.5%). Five years ago the margin was 4.5%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light yellow: higher than sector

0.62 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 0.62 USD of financial debt – more than the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light yellow: high

61% Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.61 USD went to shareholders as a dividend. Little buffer remains for weaker years. Median company in the sector: 30%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light yellow: 1 loss year

9 of 10 fiscal years with a profit

What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
15.6B USD
Revenue vs. prior year
+19.1%
Net income (FY)
1.6B USD
Net income vs. prior year
+215.4%
EPS (FY)
1.83 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
−2
Shares held vs. prior quarter
−98.7%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 12, 2026 · Balance sheet Jun 30, 2026 (filed Jul 29, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 15.6B1.6B 10.2% 1.83 1.12 61%
2024Dec 31, 2024 13.1B506.0M 3.9% 0.58 1.12 193%
2023Dec 31, 2023 12.6B581.0M 4.6% 0.68 1.12 165%
2022Dec 31, 2022 14.2B1.3B 9.3% 1.54 1.08 70%
2021Dec 31, 2021 14.1B1.9B 13.5% 1.28 0.96 75%
2020Dec 31, 2020 11.3B512.0M 4.5% 0.54 0.88 163%
2019Dec 31, 2019 11.5B960.0M 8.3% 1.07 0.80 75%
2018Dec 31, 2018 11.3B1.1B 9.4% 1.13 0.72 64%
2017Dec 31, 2017 10.1B−497.0M −4.9% −0.66 0.62 –
2016Dec 31, 2016 9.4B3.7B 39.4% 3.23 0.54 17%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 4.5B559.0M 12.4% 0.64 0.56 88%
Q1/26Mar 31, 2026 4.1B371.0M 9.0% 0.43 0.28 65%
Q4/25*Dec 31, 2025 4.2B540.0M 12.8% – – –
Q3/25Sep 30, 2025 4.1B430.0M 10.5% 0.50 – –
Q2/25Jun 30, 2025 3.9B469.0M 12.1% 0.54 0.56 104%
Q1/25Mar 31, 2025 3.5B157.0M 4.5% 0.18 0.28 156%
Q4/24*Dec 31, 2024 3.5B310.0M 8.9% – – –
Q3/24Sep 30, 2024 3.4B−117.0M −3.5% −0.14 – –
Q2/24Jun 30, 2024 3.3B104.0M 3.2% 0.12 0.56 467%
Q1/24Mar 31, 2024 3.0B209.0M 7.0% 0.24 0.28 117%
Q4/23*Dec 31, 2023 3.0B−40.0M −1.3% – – –
Q3/23Sep 30, 2023 3.2B164.0M 5.2% 0.19 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $3.5M2 people −$3.5M
6 months $00 people $57.5M11 people −$57.5M
12 months $00 people $112.2M15 people −$112.2M

Latest transactions

  • Sep 4, 2026 Gullo Michelle L Officer Open-market sale 9,874 shares · $1.5M · SEC
  • Aug 28, 2026 Steverson Lewis A Officer Open-market sale 13,100 shares · $2.0M · SEC
  • Jun 9, 2026 Weeks Wendell P Chief executive (CEO), Director Open-market sale 100,000 shares · $18.6M · SEC
  • May 22, 2026 Amin Jaymin Officer Open-market sale 27,395 shares · $5.3M · SEC
  • May 15, 2026 Nelson Avery H III Officer Open-market sale 20,000 shares · $3.9M · SEC
  • May 13, 2026 Verkleeren Ronald L Officer Open-market sale 10,000 shares · $2.1M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -15

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)24.1
Rel. strength 60 d−9.8%

ATR and moving averages as price values only when logged in.

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