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)
SD
Conflict minerals disclosure
31 May 23
8-K
Regulation FD Disclosure
30 May 23
CERT
Certification of approval for exchange listing
24 May 23
8-K
Regulation FD Disclosure
22 May 23
8-A12B
Registration of securities on exchange
19 May 23
8-K
Other Events
15 May 23
424B2
Prospectus for primary offering
11 May 23
FWP
Free writing prospectus
9 May 23
424B2
Prospectus for primary offering
9 May 23
8-K
Submission of Matters to a Vote of Security Holders
1 May 23
Transcripts
GLW
Earnings call transcript
2023 Q1
25 Apr 23
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
Latest ownership filings
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| 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) | 1.15 bn | 1.15 bn | 1.15 bn | 1.15 bn | 1.15 bn | 1.15 bn |
| Cash burn (monthly) | 175.00 mm | 72.50 mm | (no burn) | (no burn) | 16.33 mm | (no burn) |
| Cash used (since last report) | 369.83 mm | 153.22 mm | n/a | n/a | 34.52 mm | n/a |
| Cash remaining | 776.17 mm | 992.78 mm | n/a | n/a | 1.11 bn | n/a |
| Runway (months of cash) | 4.4 | 13.7 | n/a | n/a | 68.0 | n/a |
Institutional ownership, Q1 2023
77.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1133 |
| Opened positions | 99 |
| Closed positions | 99 |
| Increased positions | 405 |
| Reduced positions | 400 |
| 13F shares | Current |
|---|---|
| Total value | 20.27 tn |
| Total shares | 658.45 mm |
| Total puts | 1.89 mm |
| Total calls | 6.49 mm |
| Total put/call ratio | 0.3 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 97.29 mm | $3.43 tn |
| Samsung Display | 80.00 mm | $0.00 |
| BLK Blackrock | 55.45 mm | $1.96 tn |
| Wellington Management | 33.56 mm | $1.18 tn |
| STT State Street | 31.60 mm | $1.11 tn |
| JPM JPMorgan Chase & Co. | 18.10 mm | $638.70 bn |
| AMP Ameriprise Financial | 15.95 mm | $563.23 bn |
| Geode Capital Management | 15.84 mm | $557.68 bn |
| State Farm Mutual Automobile Insurance | 14.53 mm | $511.19 bn |
| BAC Bank Of America | 14.48 mm | $511.01 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 May 23 | John Z Zhang | Common Stock | Payment of exercise | Dispose F | No | No | 31.2 | 2,796 | 87.24 k | 15,224 |
| 15 May 23 | John Z Zhang | Common Stock | Option exercise | Acquire M | No | No | 0 | 690 | 0.00 | 18,020 |
| 15 May 23 | John Z Zhang | Common Stock | Option exercise | Acquire M | No | No | 0 | 4,784 | 0.00 | 17,330 |
| 15 May 23 | John Z Zhang | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 690 | 0.00 | 0 |
| 15 May 23 | John Z Zhang | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 4,784 | 0.00 | 0 |
| 15 May 23 | Weeks Wendell P | Common Stock | Payment of exercise | Dispose F | No | No | 31.2 | 20,731 | 646.81 k | 947,474 |
| 15 May 23 | Weeks Wendell P | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,902 | 0.00 | 968,205 |
| 15 May 23 | Weeks Wendell P | Common Stock | Option exercise | Acquire M | No | No | 0 | 37,705 | 0.00 | 965,303 |
| 15 May 23 | Weeks Wendell P | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,902 | 0.00 | 0 |
| 15 May 23 | Weeks Wendell P | Performance Share Unit Common Stock | Option exercise | Dispose M | No | No | 0 | 37,705 | 0.00 | 0 |
News
Looking At Corning's Recent Unusual Options Activity
26 May 23
Analyst Expectations for Corning's Future
25 May 23
Oppenheimer Reiterates Outperform on Corning, Maintains $42 Price Target
25 May 23
Peering Into Corning's Recent Short Interest
19 May 23
This Foreboding Sign Looms Over Corning's Chart
9 May 23
Press releases
Corning Announces Price Increase for Display Glass Products
23 May 23
Corning Announces Quarterly Dividend
27 Apr 23
Corning Reports First-Quarter 2023 Financial Results
25 Apr 23
Corning and Memorial Sloan Kettering Cancer Center Announce Health Equity Fellowship to Explore Disparities in Cancer Outcomes
14 Apr 23
Corning and Memorial Sloan Kettering Cancer Center Announce Health Equity Fellowship to Explore Disparities in Cancer Outcomes
13 Apr 23