Corning reported solid third-quarter results above the top end of guidance and guided to continued fourth-quarter growth. Non-GAAP sales rose 19% year over year to $5.1 billion, and generative AI sales doubled. Non-GAAP operating margin rose 310 basis points year on year to 22.7%.
Corning is the dominant supplier of optical fiber into hyperscale data centers and AI networks, giving it a robust growth opportunity.
Corning operates in highly capital-intensive markets that limit its economic returns.
Metric | GLW | TEL | APH |
|---|---|---|---|
Price/Earnings (Normalized) | 33.15 | 18.56 | 28.71 |
Price/Book Value | 6.52 | 4.37 | 10.33 |
Price/Sales | 5.08 | 3.05 | 5.59 |
Price/Cash Flow | 22.95 | 12.21 | 23.71 |
Metric | GLW | TEL | APH |
|---|---|---|---|
Quick Ratio | 0.86 | 1.07 | 1.30 |
Current Ratio | 1.72 | 1.88 | 1.94 |
Interest Coverage | 8.58 | 31.19 | 12.15 |
Metric | GLW | TEL | APH |
|---|---|---|---|
Return on Assets (Normalized) | 8.51% | — | 16.29% |
Return on Equity (Normalized) | 22.08% | — | 44.32% |
Return on Invested Capital (Normalized) | 13.39% | — | 22.90% |
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