What Price Glory? is a 1926 American synchronized sound comedy drama war film produced and distributed by Fox Film Corporation and directed by Raoul Walsh. The film was released with a synchronized musical score with sound effects using the Movietone sound system. The film is based on the 1924 play What Price Glory by Maxwell Anderson and Laurence Stallings and was remade in 1952 as What Price Glory starring James Cagney. Malcolm Stuart Boylan, founder of the U.S. Coast Guard Auxiliary, was title writer on the silent Fox attraction.

Raoul Walsh was an American film director, actor, founding member of the Academy of Motion Picture Arts and Sciences (AMPAS), and the brother of silent screen actor George Walsh. He was known for portraying John Wilkes Booth in the silent film The Birth of a Nation (1915) and for directing such films as the widescreen epic The Big Trail (1930) starring John Wayne in his first leading role, The Roaring Twenties starring James Cagney and Humphrey Bogart, High Sierra (1941) starring Ida Lupino and Humphrey Bogart, and White Heat (1949) starring James Cagney and Edmond O'Brien. He directed his last film in 1964. His work has been noted as influences on directors such as Rainer Werner Fassbinder, Jack Hill, and Martin Scorsese.