Applied Materials stock: 6.55 percent below Xetra close at EUR 341.78

Published on 10/22/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Needham cut target to USD 580.00 October 16, 2026. Applied Materials stock costs EUR 341.78 on October 22, 2026, down 6.55 percent versus Xetra close.

Target and reporting date

Needham cut its Applied Materials target to USD 580.00 from USD 740.00 on October 16, 2026.
Applied Materials reported Q3 FY2026 revenue of USD 9.12 billion, up 25.00 percent year over year.
Applied Materials stock costs EUR 341.78 at Lang & Schwarz on October 22, 2026 at 3:43 p.m. CEST, 6.55 percent below the Xetra close of October 21, 2026.
Applied Materials will report fourth-quarter and fiscal 2026 results on November 12, 2026.

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Applied Materials (ISIN US0382221051) was trading at EUR 341.78 at Lang & Schwarz on October 22, 2026 at 3:43 p.m. CEST, down 6.55 percent versus the Xetra close of October 21, 2026 at EUR 365.75. The move puts the euro quotation at the center of the investor picture while a recent target reduction keeps valuation in view.

On October 16, 2026, Needham cut its Applied Materials target from USD 740.00 to USD 580.00 while keeping its Buy rating, as reported by MarketScreener. The new target stands 49.24 percent above Applied Materials' Nasdaq price of USD 388.70 at 10:00 a.m. EDT on October 22, 2026.

Quarterly growth sets the baseline

Applied Materials reported record revenue of USD 9.12 billion for the third quarter of fiscal 2026 ended July 26, 2026, up 25.00 percent from USD 7.30 billion a year earlier. The company also reported GAAP diluted earnings per share of USD 3.17, up 43.00 percent year over year, according to the company's Applied Materials release dated August 13, 2026. Non-GAAP operating margin was 34.00 percent in the quarter, compared with 30.70 percent in the prior-year quarter.

Price position and valuation

The Nasdaq quotation was USD 388.70 on October 22, 2026, while its 52-week range was USD 203.40 to USD 739.67. The same quote carried a price-to-earnings ratio of 33.50 and a market capitalization of USD 308.5 billion. Applied Materials' euro price and Nasdaq price are separate venue observations.

November date sets the next test

Applied Materials will hold its fourth-quarter and fiscal 2026 earnings call on November 12, 2026, at 4:30 p.m. ET, according to Morningstar on October 22, 2026. The prior quarterly release gave fourth-quarter fiscal 2026 revenue guidance of USD 10.25 billion, plus or minus USD 500.00 million, and non-GAAP diluted earnings-per-share guidance of USD 4.02, plus or minus USD 0.20.

What the target means for valuation

Needham's revised USD 580.00 target is materially above the Nasdaq quotation, but the target was reduced by USD 160.00 from the earlier USD 740.00 level. The contrast leaves the November results with two clear benchmarks: whether revenue reaches the guided range and whether margins remain above the third-quarter level.

Trading level after the Xetra close

Applied Materials was trading at EUR 341.78 at Lang & Schwarz on October 22, 2026 at 3:43 p.m. CEST, 6.55 percent below the Xetra close of October 21, 2026 at EUR 365.75. On Nasdaq, the stock was last at USD 388.70 on October 22, 2026 at 10:00 a.m. EDT. The further course of trading is shown by the continuously updated real-time quote of Applied Materials stock.