Corning (GLW) Stock Analysis

July 2, 2026

This is a peer-relative look at Corning (GLW): its performance, risk, profitability, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Corning (GLW)
Profile Item	GLW
Name	Corning Incorporated
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Electronic Components
Market Capitalization	219.83 billion USD
Currency	USD
Exchange	NYSE
Listing Date	December 31, 1981
Security Type	Common Stock

Price Performance

Cumulative Growth

GLW

GSPC

Corning (GLW) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Corning (GLW) and S&P 500 (GSPC). Returns over one year are annualized.

Performance Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Total Return (1Y)	391.01%	67.70%

Risk Profile

Drawdown History

GLW

GSPC

Corning (GLW) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Volatility (1Y, Annualized)	61.85%	53.86%
Beta (5Y)	1.09	1.32

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. GLW is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Profitability

ROE (TTM)

Corning (GLW) posts ROE of 16.74%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

GLW

Technology Hardware & Equipment industry group

16.74%

Group distribution

Max: 44.16%
Q3: 19.25%
GLW: 16.74%
Median: 10.96%
Q1: 0.71%
Min: -25.92%

Largest peers

STX: 1,787.97%
AAPL: 141.47%
WDC: 85.92%
SNDK: 39.30%
CSCO: 25.23%
GLW: 16.74%
DELL: --

Where Corning (GLW) stands on ROE within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Corning (GLW) keeps 11.09% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

GLW

Technology Hardware & Equipment industry group

11.09%

Group distribution

Max: 30.43%
Q3: 12.33%
GLW: 11.09%
Median: 4.57%
Q1: 0.00%
Min: -14.09%

Largest peers

WDC: 55.29%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
GLW: 11.09%
DELL: 6.28%

Where Corning (GLW) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Corning (GLW) turns 15.66% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

GLW

Technology Hardware & Equipment industry group

15.66%

Group distribution

Max: 35.67%
GLW: 15.66%
Q3: 15.50%
Median: 6.62%
Q1: 1.99%
Min: -18.24%

Largest peers

SNDK: 69.98%
WDC: 37.01%
STX: 35.67%
AAPL: 32.28%
CSCO: 24.99%
GLW: 15.66%
DELL: 8.86%

Where Corning (GLW) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
ROE (TTM)	16.74%	10.96%
ROA (TTM)	5.38%	4.25%
Net Margin (TTM)	11.09%	4.57%
Operating Margin (TTM)	15.66%	6.62%
Gross Margin (TTM)	36.38%	38.70%

Financial Strength

Current Ratio (MRQ)

Corning (GLW) has current ratio of 1.61, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

GLW

Technology Hardware & Equipment industry group

1.61

Group distribution

Max: 5.80
Q3: 3.18
Median: 1.90
GLW: 1.61
Q1: 1.27
Min: 0.40

Largest peers

SNDK: 4.78
GLW: 1.61
WDC: 1.49
STX: 1.33
AAPL: 1.07
DELL: 0.95
CSCO: 0.93

Where Corning (GLW) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Corning (GLW) has debt-to-equity ratio of 0.80, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

GLW

Technology Hardware & Equipment industry group

0.80

Group distribution

Max: 2.02
Q3: 0.88
GLW: 0.80
Median: 0.31
Q1: 0.06
Min: 0.00

Largest peers

STX: 3.82
GLW: 0.80
AAPL: 0.80
CSCO: 0.68
WDC: 0.18
SNDK: 0.02
DELL: --

Where Corning (GLW) stands on debt-to-equity ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Current Ratio (MRQ)	1.61	1.90
Debt / Equity (MRQ)	0.80	0.31
Net Debt / EBITDA	2.09	0.91

Dividends

Dividend Yield (TTM)

Corning (GLW) has dividend yield of 0.44%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

GLW

Technology Hardware & Equipment industry group

0.44%

Group distribution

Max: 0.72%
GLW: 0.44%
Q3: 0.35%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.40%
DELL: 0.53%
GLW: 0.44%
AAPL: 0.37%
STX: 0.30%
WDC: 0.07%
SNDK: 0.00%

Where Corning (GLW) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Corning (GLW) has payout ratio of 53.85%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

GLW

Technology Hardware & Equipment industry group

53.85%

Group distribution

GLW: 53.85%
Max: 32.92%
Q3: 13.87%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
GLW: 53.85%
STX: 27.70%
DELL: 17.57%
AAPL: 12.59%
WDC: 2.69%
SNDK: 0.00%

Where Corning (GLW) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
Dividend Yield (TTM)	0.44%	0.00%
Dividend Payout Ratio (TTM)	53.85%	0.00%

Valuation

P/E Ratio (TTM)

Corning (GLW) trades at P/E ratio of 123.40, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

GLW

Technology Hardware & Equipment industry group

123.40

Group distribution

Max: 164.07
GLW: 123.40
Q3: 82.72
Median: 38.67
Q1: 23.21
Min: 8.13

Largest peers

GLW: 123.40
STX: 91.73
SNDK: 77.52
CSCO: 39.15
WDC: 38.18
AAPL: 35.07
DELL: 34.35

Where Corning (GLW) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Corning (GLW) trades at 13.47 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

GLW

Technology Hardware & Equipment industry group

13.47

Group distribution

Max: 18.69
GLW: 13.47
Q3: 8.50
Median: 3.88
Q1: 1.49
Min: 0.00

Largest peers

SNDK: 25.54
STX: 19.83
WDC: 18.69
GLW: 13.47
AAPL: 9.41
CSCO: 7.62
DELL: 2.08

Where Corning (GLW) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Corning (GLW) trades at 19.61 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

GLW

Technology Hardware & Equipment industry group

19.61

Group distribution

Max: 19.99
GLW: 19.61
Q3: 9.52
Median: 4.43
Q1: 2.28
Min: -3.84

Largest peers

STX: 197.75
AAPL: 39.86
WDC: 30.54
SNDK: 24.43
GLW: 19.61
CSCO: 9.47
DELL: -199.47

Where Corning (GLW) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Corning (GLW) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: GLW	Industry group median
P/E Ratio (TTM)	123.40	38.67
P/S Ratio (TTM)	13.47	3.88
P/B Ratio (MRQ)	19.61	4.43
Free Cash Flow Yield (TTM)	0.28%	1.78%