GLW
Corning Incorporated
GLW's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over GLW overall, supported by stronger valuation and stronger fundamentals.
GLW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
GLW's revenue, profitability, cash flow and balance sheet are all currently healthy.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
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.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU 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 |
Analysts expect strong earnings and revenue growth for GLW, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
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.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU has the edge over GLW on earnings, with more consistent year-over-year improvement.
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's revenue has grown year over year for 10 quarters in a row: $4.9B last quarter, up 18% from the same quarter a year ago.
| 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.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over GLW on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU 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 generated $2.5B in free cash flow over the past year, up 112% from the year before.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over GLW on cash flow, with more consistent year-over-year improvement.
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 the edge over MU on shareholder dilution, with a more favorable share count trend.
| 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 |
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has 1.1B diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
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.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU 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).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (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.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU 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.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU 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 finished higher in four of the last six years, two of them by more than 50%. It's up 33% so far in 2026.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over GLW on returns for 2026, with the stronger performance.