Applied Materials stock: Needham lowers target for Applied Materials stock to USD 580

Published on 10/21/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached USD 9.12 billion, up 25.00 percent year over year. Applied Materials stock costs EUR 364.85 on October 21, 2026.

Analyst target and reporting date

Needham adjusted its Applied Materials target from USD 740.00 to USD 580.00 on October 16, 2026.
Third-quarter fiscal 2026 revenue reached USD 9.12 billion, up 25.00 percent year over year on July 26, 2026.
Applied Materials stock costs EUR 364.85 at Lang & Schwarz on October 21, 2026 at 4:37 p.m. CEST.
The next earnings release is scheduled for November 11, 2026.

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Applied Materials stock (ISIN US0382221051) is trading at EUR 364.85 at Lang & Schwarz on October 21, 2026 at 4:37 p.m. CEST. Needham adjusted its target for Applied Materials from USD 740.00 to USD 580.00 on October 16, 2026, according to MarketScreener.

Quarterly revenue sets the scale

Applied Materials reported USD 9.12 billion in revenue for the third quarter of fiscal 2026 ended July 26, 2026, an increase of 25.00 percent from USD 7.30 billion a year earlier. The company also reported GAAP net income of USD 2.54 billion, up 43.00 percent from USD 1.78 billion in the same comparison.

Operating performance improved alongside revenue. GAAP operating margin reached 33.70 percent in the third quarter, compared with 30.60 percent a year earlier, while diluted earnings per share increased to USD 3.17 from USD 2.22. These figures were reported by Applied Materials on August 13, 2026.

Price position on Nasdaq

On the Nasdaq, Applied Materials last traded at USD 409.74 on October 21, 2026 at 10:46 a.m. EDT while the market was open. The stock's 52-week range was USD 203.40 to USD 739.67, and the session volume was 1,217,403 shares.

The USD 325.2 billion market capitalization and a price-to-earnings ratio of 35.31 put the company among the larger publicly traded semiconductor-equipment businesses. The current Nasdaq price stands 43.26 percent below the 52-week high, calculated from USD 409.74 and USD 739.67.

Target and earnings date

Needham's revised USD 580.00 target stands 41.56 percent above the USD 409.74 Nasdaq price on October 21, 2026. MarketScreener lists the next earnings release for November 11, 2026, keeping the upcoming report as the next dated corporate event for the stock.

Applied Materials' fiscal third-quarter report also gave fourth-quarter 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. The guidance was published on August 13, 2026 by Applied Materials.

Applied Materials stock at EUR 364.85

The euro quotation places the stock at EUR 364.85 at Lang & Schwarz on October 21, 2026 at 4:37 p.m. CEST. The Nasdaq price, analyst target and upcoming November 11 earnings date provide the main reference points for the next investor update.

The further course of trading is shown by the continuously updated real-time quote of Applied Materials stock.