GLW
Corning Incorporated
GLW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has a slight edge over GLW overall, supported by stronger valuation and lower modeled downside.
GLW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
GLW's revenue, profitability, cash flow and balance sheet are all currently healthy.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
GLW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 24x | $59.79 | -50% |
| Forward | 28x | $120 | — |
| Fair | 48x | $119 | -0.6% |
| Current | 49x | $120 | — |
| Expensive | 91x | $223 | +87% |
Historical ranges are pointers, not guarantees.
GLW's PE is in its fair range at 49x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its cheap range.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over GLW in the historical PE scenario, which offers more potential upside but is not a forecast.
GLW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
GLW has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
GLW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.20 | +71% |
| Q3 2026 | $2.46 | +56% |
| Q2 2026 | $2.18 | +132% |
| Q1 2026 | $2.08 | +300% |
| Q4 2025 | $1.83 | +216% |
| Q3 2025 | $1.58 | +778% |
| Q2 2025 | $0.94 | +84% |
| Q1 2025 | $0.52 | -28% |
| Q4 2024 | $0.58 | -15% |
GLW earned $2.46 per share over the past year, up 56% from the year before.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT's earnings per share have climbed steadily: $19.15 over the past year, up 36% from the year before, and higher year over year for 14 quarters in a row.
GLW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.9B | +18% |
| Q2 2026 | $4.5B | +17% |
| Q1 2026 | $4.1B | +20% |
| Q4 2025 | $4.2B | +20% |
| Q3 2025 | $4.1B | +21% |
| Q2 2025 | $3.9B | +19% |
| Q1 2025 | $3.5B | +16% |
| Q4 2024 | $3.5B | +17% |
GLW has the edge over MSFT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +4.4 points |
| Q2 2026 | 15% | +0.7 points |
| Q1 2026 | 15% | +2.5 points |
| Q4 2025 | 16% | +4.7 points |
| Q3 2025 | 14% | +5.5 points |
| Q2 2025 | 15% | +9.1 points |
| Q1 2025 | 13% | +4.4 points |
| Q4 2024 | 11% | +8.6 points |
GLW's operating margin was 19% last quarter, up 4.4 points from the same quarter a year ago, near the top of its range since 2019.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over GLW on profitability, with a higher operating margin.
GLW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $516M | +15% |
| Q2 2026 | $1.3B | +224% |
| Q1 2026 | $30M | +$87M |
| Q4 2025 | $620M | +68% |
| Q3 2025 | $450M | -6.6% |
| Q2 2025 | $400M | +43% |
| Q1 2025 | -$57M | +$99M |
| Q4 2024 | $369M | -15% |
GLW has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
GLW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -4M shares |
| 1 year | +0.3% | +3M shares |
| 3 years | +1.4% | +12M shares |
| 5 years | +0.6% | +5M shares |
| Available history | -3.1% | -28M shares |
GLW has 871M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $5M |
| Q3 2025 | $25M |
| Q2 2025 | $33M |
| Q1 2025 | $100M |
| Q4 2024 | $30M |
| Q3 2024 | $30M |
| Q4 2022 | — |
| Q3 2022 | $20M |
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over GLW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
GLW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 1.9x | Healthy |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 2.0x | Healthy |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 2.2x | Moderate |
GLW's net debt is about 1.3 years of its operating earnings (EBITDA), down from 2.0 years a year ago.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over GLW on leverage, with a lower net debt burden relative to earnings.
GLW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.1 | Neutral |
| Stochastic | 14.4 | Oversold |
GLW's weekly RSI is 41 (neutral) and its Stochastic is 14 (oversold).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
GLW PE vs Technology Sector
| Metric | GLW | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 28x | 74% above |
| PE % | 50 | 35 | 15 pts above |
GLW is trading at 49x earnings, a 74% premium to the Technology sector's median of 28x.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT has the edge over GLW on valuation relative to its sector.
GLW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $135.3 | 12% below |
| 20 week MA | $150.5 | 21% below |
| 50 week MA | $144.7 | 17% below |
| 100 week MA | $101.8 | 17% above |
| 200 week MA | $68.7 | 74% above |
GLW has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 74% above its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over GLW on trend strength, trading above more of its moving averages.
GLW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.8 | $36.3 | +26% |
| 2021 | $36.3 | $36.8 | +1.3% |
| 2022 | $36.8 | $31.8 | -14% |
| 2023 | $31.8 | $30.5 | -4.1% |
| 2024 | $30.5 | $47.8 | +57% |
| 2025 | $47.8 | $89.6 | +87% |
| 2026 YTD | $89.6 | $119.5 | +33% |
GLW has the edge over MSFT on returns for 2026, with the stronger performance.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.