Applied Materials stock falls 1.41 percent as Intel expands AI ties

Published on 10/06/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Applied Materials stock was trading at USD 534.61 on October 6, 2026, down 1.41 percent as Intel expanded chip innovation work. Q3 revenue reached USD 9.12 billion.

Schwarzweiß-Reportagefoto eines Technikers an Wafer-Fertigungsanlage — Applied Materials Inc. (US0382221051) dokumentiert Techniker bei Wafer-Kontrolle in Schwarzweiß-Reportage-Fotografie der Fertigung, Illustration mit AI erstellt.

Applied Materials (ISIN US0382221051) stock was trading at USD 534.61 on Nasdaq at 11:16 a.m. ET on October 6, 2026, down 1.41 percent from the previous close. The same session brought a new technology link with Intel, as the companies announced work on next-generation transistors, interconnects and advanced packaging, according to Finanzen on October 6, 2026.

Intel tie adds a new AI angle

The collaboration covers chip innovations intended to support AI-driven computing. The announcement connects Applied Materials to the manufacturing steps behind future transistor structures and advanced packaging rather than announcing a disclosed order value or revenue commitment.

That distinction matters for the stock. The partnership adds strategic relevance to Applied Materials' materials-engineering portfolio, while the October 6 session price still shows a 1.41 percent decline.

Q3 revenue rose 24.8 percent

Applied Materials reported fiscal Q3 2026 revenue of USD 9.12 billion, up 24.8 percent from the same quarter a year earlier, while adjusted EPS reached USD 3.50. The figures and the quarter classification appear in the company's Q3 FY2026 earnings-call material published by Yahoo Finance.

The earnings comparison was also positive against consensus. According to MarketBeat on October 2, 2026, EPS of USD 3.50 exceeded the USD 3.40 estimate by USD 0.10, and revenue surpassed the USD 8.99 billion estimate by USD 0.13 billion.

Analysts see upside and valuation risk

MarketBeat reported a Moderate Buy consensus from 39 brokerages on October 2, 2026, with 30 buy ratings, eight holds and one strong buy. The average 12-month price target was USD 629.38, which places it 17.7 percent above the October 6 price of USD 534.61.

Morgan Stanley supplied a more cautious counterpoint. As MarketBeat reported on September 28, 2026, the bank cut its target from USD 642 to USD 563 while retaining an Equal Weight rating. The lower target came despite the company's strong quarterly growth and keeps valuation as a central issue for the shares.

Stock remains below its yearly high

Applied Materials stock was trading at USD 534.61 on Nasdaq on October 6, 2026, with a session range of USD 529.01 to USD 546.00. Its 52-week range was USD 203.40 to USD 739.67, leaving the stock 27.7 percent below the high.