Applied Materials stock: At EUR 363.33, Applied Materials stock falls 4.42 percent

Published on 10/20/2026 at 16:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Needham set USD 580.00 target on October 16. Applied Materials stock costs EUR 363.33 on October 20, 2026, down 4.42 percent versus the Xetra close.

Applied Materials falls 4.42 percent

Needham set a USD 580.00 price target on October 16, 2026.
Third-quarter fiscal 2026 revenue reached USD 9.12 billion.
Applied Materials stock costs EUR 363.33 at Lang & Schwarz on October 20, 2026 at 4:38 p.m. CEST, 4.42 percent below the Xetra close of October 19, 2026.
Applied Materials is scheduled to report its next results on November 12, 2026.

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Applied Materials (ISIN US0382221051) was trading at EUR 363.33 at Lang & Schwarz on October 20, 2026 at 4:38 p.m. CEST, down 4.42 percent versus the Xetra close of October 19, 2026 at EUR 380.15. The decline puts the semiconductor equipment maker's current German quote well below its recent high while investors weigh elevated valuation and changing analyst targets.

Needham lowers its target

Needham lowered its Applied Materials price target from USD 740.00 to USD 580.00 and kept a Buy rating in a report dated October 16, 2026, according to MarketBeat. The revised target was still 34.88 percent above the USD 430.01 share price cited in that report, but the reduction shows how quickly expectations have been reset.

The target change came after Applied Materials reported fiscal third-quarter results for the period ended July 26, 2026. The company delivered record revenue of USD 9.12 billion, up 25 percent from USD 7.30 billion a year earlier, while GAAP earnings per diluted share rose to USD 3.17 from USD 2.22, according to the Applied Materials release.

Margins and valuation remain central

Applied Materials reported a GAAP gross margin of 50.3 percent in the third quarter of fiscal 2026, compared with 48.8 percent in the year-earlier quarter. Non-GAAP gross margin reached 50.4 percent, while Applied Global Services revenue increased to USD 1.78 billion from USD 1.46 billion.

Management guided fiscal fourth-quarter revenue to USD 10.25 billion plus or minus USD 500.00 million and non-GAAP diluted earnings per share to USD 4.02 plus or minus USD 0.20. A valuation article published by Yahoo Finance cited a forward price-to-earnings ratio of 39.66 as of October 9, 2026, versus 23.35 for the sector.

Next results date is November 12

The next earnings date is listed as November 12, 2026 by Simply Wall St. That date will put the fiscal fourth-quarter outlook and the company's 2027 demand commentary back at the center of the valuation debate.

Applied Materials versus its yearly range

The Nasdaq-listed stock had a 52-week range of USD 203.40 to USD 739.67 on October 16, 2026, with a market capitalization of USD 341.3 billion and a price-to-earnings ratio of 37.07, according to the MarketBeat page. The current euro quote remains inside that range after applying the contemporaneous currency relationship, so the German price does not create a separate valuation signal.

For investors, the key tension is visible in the numbers: third-quarter revenue grew 25 percent year over year, while the analyst target fell by USD 160.00. Applied Materials still guides toward a USD 10.25 billion fourth quarter, but the share price is now responding more sharply to valuation changes than to the latest operating growth.

Price and next reporting date

Applied Materials was trading intraday at EUR 363.33 at Lang & Schwarz on October 20, 2026 at 4:38 p.m. CEST, 4.42 percent below the Xetra close of October 19, 2026 at EUR 380.15. The next scheduled results date is November 12, 2026.

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