Applied Materials stock gains as UBS lifts its target

Published on 09/19/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Applied Materials stock rose 6.5 percent on September 18, 2026 after UBS lifted its target to USD 695 from USD 675. Fiscal Q3 revenue reached USD 9.115 billion.

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Applied Materials stock (ISIN US0382221051) closed at USD 468.85 on September 9, 2026 after a 0.83 percent decline, and UBS lifted its target to USD 695 from USD 675 on September 1, 2026. The gap to the new target is 48.2 percent.

Q3 revenue still drives the story

According to ad hoc news on September 18, 2026, Applied Materials reported fiscal third-quarter revenue of USD 9.115 billion, up 25 percent from a year earlier, and non-GAAP EPS of USD 3.50, up 41 percent. The same report said fiscal fourth-quarter revenue guidance was about USD 10.25 billion, plus or minus USD 500 million, with non-GAAP EPS of USD 4.02, plus or minus USD 0.20.

The comparison matters. A midpoint revenue guide of USD 10.25 billion would imply about 12.4 percent sequential growth versus the prior quarter's USD 9.115 billion, while the UBS target still leaves 48.2 percent upside from the September 9 close.

Analysts stay constructive

According to MarketBeat on September 18, 2026, Applied Materials had a market capitalization of USD 352.81 billion, a moderate buy consensus and an average price target of USD 658.45. The same source said quarterly revenue reached USD 9.12 billion and EPS came in at USD 3.50, above the USD 3.40 estimate by USD 0.10.

MarketBeat also cited a net margin of 30.05 percent and return on equity of 38.02 percent for the quarter. Those figures help explain why the stock keeps drawing support even with valuation still demanding.

Stock near a key level

The stock finished at USD 468.85 on September 9, 2026, and that level remains far below UBS's USD 695 target and MarketBeat's USD 658.45 average target. For investors, the earnings bridge from USD 9.115 billion in revenue to USD 10.25 billion guided for fiscal Q4 is the cleaner read than the day-to-day price swing.