Corning is one of the world's leading innovators in materials science, with a 169-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, and life sciences.
Company profile
Ticker
GLW
Exchange
Website
CEO
Wendell Weeks
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Alliance Fiber Optic Products, Inc. • Axygen Bioscience, Inc. • Axygen Holdings Corporation • Axygen, Inc. • Cable Services, LLC • Corning (Hainan) Optical Communications Co., Ltd. • Corning (Shanghai) Co., Ltd. • Corning Automotive Glass Solutions (Hefei) Co., Ltd. • Corning B.V. • Corning Display Technologies (China) Co., Ltd. ...
IRS number
160393470
GLW stock data
Analyst ratings and price targets
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
17 Mar 23
DEF 14A
Definitive proxy
17 Mar 23
10-K
2022 FY
Annual report
13 Feb 23
8-K
Corning Reports Fourth-Quarter and Full-Year 2022 Financial Results
31 Jan 23
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Corning Reports Third-Quarter Results Highlighted by Optical Communications and Solar Sales Growth
25 Oct 22
8-K
Regulation FD Disclosure
7 Sep 22
UPLOAD
Letter from SEC
2 Aug 22
10-Q
2022 Q2
Quarterly report
29 Jul 22
8-K
Corning Reports Strong Second-Quarter Results
26 Jul 22
Transcripts
GLW
Earnings call transcript
2022 Q4
31 Jan 23
GLW
Earnings call transcript
2022 Q3
25 Oct 22
GLW
Earnings call transcript
2022 Q2
26 Jul 22
GLW
Earnings call transcript
2022 Q1
26 Apr 22
GLW
Earnings call transcript
2021 Q4
26 Jan 22
GLW
Earnings call transcript
2021 Q3
26 Oct 21
GLW
Earnings call transcript
2021 Q2
27 Jul 21
GLW
Earnings call transcript
2021 Q1
27 Apr 21
GLW
Earnings call transcript
2020 Q4
27 Jan 21
GLW
Earnings call transcript
2020 Q3
27 Oct 20
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.67 bn | 1.67 bn | 1.67 bn | 1.67 bn | 1.67 bn | 1.67 bn |
| Cash burn (monthly) | (no burn) | 39.75 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 119.97 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 1.55 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 39.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
77.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1132 |
| Opened positions | 139 |
| Closed positions | 97 |
| Increased positions | 389 |
| Reduced positions | 395 |
| 13F shares | Current |
|---|---|
| Total value | 18.49 tn |
| Total shares | 658.49 mm |
| Total puts | 2.23 mm |
| Total calls | 3.88 mm |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 97.20 mm | $3.10 tn |
| Samsung Display | 80.00 mm | $0.00 |
| BLK Blackrock | 55.53 mm | $1.77 tn |
| Wellington Management | 34.94 mm | $1.12 tn |
| STT State Street | 30.91 mm | $987.42 bn |
| JPM JPMorgan Chase & Co. | 16.13 mm | $515.96 bn |
| Geode Capital Management | 15.50 mm | $495.90 bn |
| AMP Ameriprise Financial | 15.21 mm | $485.76 bn |
| State Farm Mutual Automobile Insurance | 14.53 mm | $464.77 bn |
| MS Morgan Stanley | 13.73 mm | $438.67 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 28 Mar 23 | Jaymin Amin | Common Stock | Payment of exercise | Dispose F | No | No | 33.55 | 1,988 | 66.70 k | 78,676 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 278 | 0.00 | 80,664 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 234 | 0.00 | 80,386 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 164 | 0.00 | 80,152 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 320 | 0.00 | 79,988 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 114 | 0.00 | 79,668 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 165 | 0.00 | 79,554 |
| 28 Mar 23 | Jaymin Amin | Common Stock | Option exercise | Acquire M | No | No | 0 | 713 | 0.00 | 79,389 |
| 28 Mar 23 | Jaymin Amin | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 278 | 0.00 | 7,552 |
| 28 Mar 23 | Jaymin Amin | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 234 | 0.00 | 6,367 |
News
US Stocks Mixed: Banks Rally While Tech Falls On Less Dovish Fed, Analyst Warns 'No News Would Be Good News'
27 Mar 23
Benzinga's Top Ratings Upgrades, Downgrades For March 27, 2023
27 Mar 23
Analyst Ratings for Corning
27 Mar 23
Pinterest To Rally Over 27%? Here Are 10 Other Analyst Forecasts For Monday
27 Mar 23
Deutsche Bank Upgrades Corning to Buy, Raises Price Target to $38
27 Mar 23
Press releases
Corning Incorporated Named ENERGY STAR Partner of the Year for 10th Year in a Row
30 Mar 23
Corning's New EDGE™ Distribution System Accelerates Data Center Cabling Installation by up to 70%
3 Mar 23
Corning Announces Increase in Quarterly Dividend
8 Feb 23
West Expands Corning Collaboration and Launches First Product
8 Feb 23
Corning Reports Fourth-Quarter and Full-Year 2022 Financial Results
31 Jan 23