Applied Materials expands AI packaging ties as Applied Materials stock gains 2.54 percent

Published on 10/02/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Applied Materials stock costs EUR 481.85 versus EUR 469.93 on October 2, 2026, plus 2.54 percent. Market value was USD 420.1 billion on October 1, 2026.

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) was trading at EUR 481.85 at Lang & Schwarz on October 2, 2026 at 2:36 p.m. CEST, up 2.54 percent versus the prior close of EUR 469.93. On October 1, Applied Materials and Besi expanded a strategic partnership for next-generation packaging for AI systems, according to Applied Materials.

AI packaging adds a new growth angle

The Besi partnership targets 3D integrated circuits, hybrid bonding, thermo-compression bonding, panel-scale packaging and photonics, with the work aimed at scaling AI hardware. The October 1 announcement gives the stock a concrete technology catalyst beyond the companys established deposition, etch, inspection and metrology equipment.

Applied Materials also partnered with KIOXIA at its USD 5.0 billion EPIC Center on September 29, 2026, focusing on memory-cell structures, chip stacking and manufacturability for AI workloads, as Yahoo Finance reported.

Revenue growth meets valuation pressure

In fiscal third-quarter 2026, revenue rose 24.80 percent year over year to USD 9.12 billion, while earnings per share reached USD 3.50 against a USD 3.40 consensus estimate, according to MarketBeat. The comparison matters because the latest sales growth is already being measured against elevated expectations.

MarketBeat reported a USD 420.1 billion market capitalization on October 1, 2026, alongside a Moderate Buy consensus from 39 brokerages and an average 12-month target of USD 629.38. The valuation counterweight is visible in Morgan Stanleys September 28 target cut from USD 642.00 to USD 563.00, while its Equal-weight rating remained unchanged, according to TheStreet. The disagreement centers on how much of the future AI and memory demand is already reflected in the multiple.

Stock rises as investors weigh execution

Applied Materials stock was trading 2.54 percent above the Lang & Schwarz prior close during the October 2 session. The company also approved a USD 0.53 quarterly dividend payable on December 10, 2026, to shareholders of record on November 19, 2026, according to GlobeNewswire.

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