Corning (NYSE:GLW) Updates Q3 2025 Earnings Guidance

Key Points

• Corning has updated its Q3 2025 earnings guidance, projecting EPS between $0.630 and $0.670, surpassing the consensus estimate of $0.612.
• The company expects to generate $4.2 billion in revenue, exceeding the consensus estimate of $4.0 billion.
• Corning declared a quarterly dividend of $0.28 per share, translating to an annualized payout of $1.12 with a dividend yield of 2.02%.

Corning (NYSE:GLW - Get Free Report) updated its third quarter 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.630-0.670 for the period, compared to the consensus earnings per share estimate of 0.612. The company issued revenue guidance of $4.2 billion-$4.2 billion, compared to the consensus revenue estimate of $4.0 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GLW shares. UBS Group lifted their price objective on Corning from $54.00 to $57.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Wolfe Research began coverage on Corning in a research note on Tuesday, July 8th. They set an "outperform" rating for the company. JPMorgan Chase & Co. boosted their target price on Corning from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Oppenheimer boosted their target price on Corning from $55.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Argus reissued a "buy" rating and set a $68.00 target price on shares of Corning in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.25.

Corning Stock Performance

GLW traded down $1.21 on Friday, hitting $62.03. 5,845,060 shares of the company traded hands, compared to its average volume of 5,686,534. The company has a 50 day moving average of $52.46 and a 200-day moving average of $49.08. The company has a quick ratio of 1.05, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $53.13 billion, a PE ratio of 65.99, a PEG ratio of 1.63 and a beta of 1.11. Corning has a 12-month low of $37.18 and a 12-month high of $63.91.

Corning (NYSE:GLW - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The electronics maker reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.84 billion. Corning had a return on equity of 17.27% and a net margin of 5.77%. During the same period in the prior year, the business earned $0.47 EPS. Sell-side analysts anticipate that Corning will post 2.33 earnings per share for the current year.

Corning Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, August 29th. This represents a $1.12 annualized dividend and a yield of 1.8%. Corning's payout ratio is presently 119.15%.

Insider Activity at Corning

In other news, EVP Lewis A. Steverson sold 16,646 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $62.22, for a total value of $1,035,714.12. Following the completion of the transaction, the executive vice president owned 39,759 shares in the company, valued at $2,473,804.98. This trade represents a 29.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Stefan Becker sold 17,106 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $49.68, for a total value of $849,826.08. Following the completion of the transaction, the senior vice president owned 16,117 shares of the company's stock, valued at approximately $800,692.56. This represents a 51.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,381 shares of company stock worth $7,836,789 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Corning

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Corning by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,704 shares of the electronics maker's stock valued at $2,962,000 after acquiring an additional 5,522 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new position in shares of Corning during the 1st quarter valued at about $729,000. Finally, Brighton Jones LLC boosted its holdings in Corning by 46.0% in the fourth quarter. Brighton Jones LLC now owns 6,705 shares of the electronics maker's stock valued at $319,000 after acquiring an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company's stock.

About Corning

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices.