Applied Materials stock gained 2.03 percent on October 2 in Nasdaq trading

Published on 10/05/2026 at 13:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Applied Materials stock carries a USD 640.20 consensus target from 39 brokerages. Q3 FY2026 revenue reached USD 9.12 billion, up 25 percent year over year.

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Applied Materials (ISIN US0382221051) stock closed at USD 540.04 on Nasdaq on October 2, 2026, up 2.03 percent from the prior close of USD 529.30. The move followed an October 1 partnership announcement with Besi that expands work on advanced semiconductor packaging for artificial intelligence systems, according to FinanzNachrichten. The combination of a fresh technology collaboration and strong quarterly execution gives the stock a concrete earnings and strategy backdrop.

Besi expands the packaging roadmap

Applied Materials said Besi will join its EPIC Center as an Innovation Partner, extending a collaboration that began in 2020. The work covers 3D integrated-circuit scaling, logic and memory integration, hybrid bonding, thermo-compression bonding, die-on-wafer, die-on-die and die-on-panel architectures, according to FinanzNachrichten. Applied Materials describes the Silicon Valley EPIC Center as a USD 5 billion investment in semiconductor equipment and process technology research and development.

The strategic importance is tied to chip-to-chip and chip-to-package interconnects, where higher bandwidth and denser designs are increasing process complexity. For Applied Materials, the partnership connects front-end materials engineering with advanced packaging rather than relying on a single equipment category.

Q3 revenue rose 25 percent

In Q3 FY2026, revenue was USD 9.115 billion, compared with USD 7.302 billion in Q3 FY2025, a 25 percent year-over-year increase, according to TradingView. GAAP diluted EPS was USD 3.17, while non-GAAP diluted EPS reached USD 3.50; operating margin was 34.0 percent on a non-GAAP basis.

Cash provided by operating activities reached USD 3.037 billion in the quarter, giving the results a cash-flow dimension alongside the revenue increase. The figures matter because the October 2 share-price move came after the Q3 report had already established a higher earnings base.

Consensus target stays above Nasdaq close

MarketBeat reported on October 2, 2026 that 39 brokerages held a Moderate Buy consensus, including 30 Buy ratings, eight Holds and one Strong Buy. The average 12-month target was USD 629.38, with a high target of USD 900.00 and a low target of USD 358.20.

MarketBeat also reported that Morgan Stanley lowered its Applied Materials target from USD 642.00 to USD 563.00 while maintaining an Equal Weight rating on September 28, 2026. Against the USD 540.04 Nasdaq close, the consensus target of USD 629.38 lies 16.5 percent above the price, while the Morgan Stanley target lies 4.2 percent above it.

Yahoo Finance lists November 12, 2026 as the next earnings date for Applied Materials, making the upcoming report the next scheduled test for the growth rate reflected in the Q3 figures, according to Yahoo Finance.

Applied Materials stock holds a high valuation

Applied Materials stock closed at USD 540.04 on Nasdaq on October 2, 2026. Its market capitalization was USD 428.6 billion, and the 52-week range was USD 203.40 to USD 739.67, placing the close 27.0 percent below the yearly high.