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
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TEL
|
APH
|
|---|---|---|---|
Price/Earnings (Normalized) | 38.63 | 19.16 | 31.85 |
Price/Book Value | 7.77 | 4.51 | 11.42 |
Price/Sales | 6.06 | 3.15 | 6.19 |
Price/Cash Flow | 27.36 | 12.60 | 26.24 |
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Metric
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GLW
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TEL
|
APH
|
|---|---|---|---|
Quick Ratio | 0.86 | 1.07 | 1.29 |
Current Ratio | 1.72 | 1.88 | 1.89 |
Interest Coverage | 8.58 | 31.19 | 12.59 |
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Metric
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GLW
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TEL
|
APH
|
|---|---|---|---|
Return on Assets (Normalized) | 8.51% | — | — |
Return on Equity (Normalized) | 22.08% | — | — |
Return on Invested Capital (Normalized) | 13.39% | — | — |
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1-Day Chart
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United States