Applied Materials stock gains 2.27 percent on Nasdaq

Published on 09/28/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Applied Materials stock posted USD 9.115 billion in fiscal Q3 revenue, up 25 percent year over year. Fiscal Q4 guidance centers on USD 10.25 billion.

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Applied Materials stock (ISIN US0382221051) gained 2.27 percent to USD 485.00 on Nasdaq on September 25, 2026, after the semiconductor equipment maker reported fiscal Q3 revenue of USD 9.115 billion. The result keeps the company on track for a potentially record fiscal fourth quarter.

Revenue reached USD 9.115 billion

According to TradingView on September 11, 2026, Applied Materials reported record fiscal Q3 revenue of USD 9.115 billion for the period ended July 26, 2026. Revenue increased 25 percent from USD 7.302 billion in the comparable fiscal Q3, while GAAP diluted EPS reached USD 3.17 and non-GAAP diluted EPS was USD 3.50.

The same quarter produced a GAAP gross margin of 50.3 percent and USD 3.037 billion in operating cash flow, according to TradingView. The figures give investors two separate signals: demand expanded sharply, while profitability remained above 50 percent at the gross-profit level.

Fiscal Q4 guidance sets a higher bar

The Motley Fool reported on September 13, 2026, that management set fiscal Q4 revenue guidance at USD 9.75 billion to USD 10.75 billion, with a USD 10.25 billion midpoint. The midpoint would exceed the fiscal Q3 result by USD 1.135 billion, making the next report a key test of whether the recent acceleration is continuing.

The guidance also includes non-GAAP adjusted EPS of USD 4.02, with a USD 0.20 range on either side, according to The Motley Fool. That forecast raises the earnings hurdle, particularly because semiconductor equipment demand can be affected by customer spending cycles and shipment timing.

Analyst targets remain above the stock

According to MarketBeat on September 25, 2026, JPMorgan raised its target from USD 515.00 to USD 660.00, UBS lifted its target from USD 675.00 to USD 695.00, and Royal Bank of Canada increased its target from USD 520.00 to USD 600.00. MarketBeat also cited a consensus rating of Moderate Buy and an average target of USD 658.45.

Nasdaq price stays below yearly high

Applied Materials last traded at USD 485.00 on Nasdaq on September 25, 2026, with a session range of USD 476.36 to USD 487.68 and volume of 4,764,661 shares. Its 52-week range was USD 202.87 to USD 739.67, placing the stock 34.43 percent below the yearly high.