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
|
GLW
|
2317
|
APH
|
|---|---|---|---|
Price/Earnings (Normalized) | 44.01 | 17.79 | 36.29 |
Price/Book Value | 7.96 | 1.82 | 12.45 |
Price/Sales | 6.21 | 0.38 | 6.94 |
Price/Cash Flow | 28.03 | 11.02 | 29.20 |
|
Metric
|
GLW
|
2317
|
APH
|
|---|---|---|---|
Quick Ratio | 0.90 | 0.96 | 1.29 |
Current Ratio | 1.81 | 1.42 | 1.89 |
Interest Coverage | 7.62 | 7.94 | 12.59 |
|
Metric
|
GLW
|
2317
|
APH
|
|---|---|---|---|
Return on Assets (Normalized) | 8.13% | 4.62% | 15.80% |
Return on Equity (Normalized) | 21.26% | 13.48% | 41.55% |
Return on Invested Capital (Normalized) | 12.87% | 7.68% | 21.99% |
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1-Day Chart
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United States