Corning Inc
GLW: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| %^m | LOCK|Qph$ | LOCK|%KPj@^x |
Corning Earnings: We Raise Our Valuation on a More Bullish Forecast, but Shares Still Out of Reach
Corning's fourth-quarter non-GAAP sales rose 18% year over year to $3.87 billion, and non-GAAP operating margin rose 220 basis points year over year to 18.5%. Management is confident in exceeding its risk-adjusted Springboard target for $3 billion in incremental revenue in 2026 versus 2023.
