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.
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Metric
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GLW
|
TEL
|
APH
|
|---|---|---|---|
Price/Earnings (Normalized) | 39.49 | 19.56 | 32.00 |
Price/Book Value | 7.76 | 4.61 | 11.51 |
Price/Sales | 6.06 | 3.22 | 6.23 |
Price/Cash Flow | 27.34 | 12.87 | 26.42 |
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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 |
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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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1-Day Chart
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United States