AT&S expands Marvell deal. AT&S stock falls 3.05 percent

Published on 10/07/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erste Group set a EUR 181.00 target on September 16, 2026. AT&S stock costs EUR 222.25 on October 7, 2026, 8.16 percent below EUR 242.00.

At&S, AT0000969985, Illustration mit AI erstellt.

AT&S (ISIN AT0000969985) was trading at EUR 222.25 at Lang & Schwarz on October 7, 2026 at 10:02 a.m. CEST, down 3.05 percent from the prior close of EUR 229.25. The move came as the company continues to position its advanced substrate capacity around artificial intelligence infrastructure.

Marvell deal expands AI capacity

According to AT&S on September 22, 2026, the company expanded its collaboration with Marvell Technology to increase advanced IC substrate capacity for next-generation AI and cloud infrastructure.

The agreement adds Marvell as a customer for the expansion of AT&S's Kulim manufacturing site in Malaysia. The project includes the fit-out of Plant 2 and construction of a facility for IC substrate cores and advanced packaging, with long-term customer agreements supporting future capacity.

Analyst target trails the stock

finanzen.at reported on September 16, 2026 that Erste Group raised its AT&S target from EUR 110.60 to EUR 181.00 and changed its rating from Hold to Accumulate.

The target was 18.57 percent below the Lang & Schwarz price of EUR 222.25 on October 7, 2026. Erste Group cited AI-driven demand, limited capacity and rising technological requirements, while its forecast put earnings per share at EUR 8.20 for fiscal 2026/27.

Stock remains below its yearly high

AT&S had a market capitalization of EUR 8.6 billion and a 52-week range of EUR 25.00 to EUR 242.00 as of October 7, 2026. The Lang & Schwarz price was therefore 8.16 percent below the 52-week high, leaving the share close to the upper end of its annual range despite the intraday decline.

AT&S describes itself as a manufacturer of high-end IC substrates and printed circuit boards for mobile devices, automotive and aerospace, industrial, medical and high-performance computing applications. That mix makes the Marvell agreement relevant beyond one customer because the company is tying new capacity to demand from AI infrastructure.

Trading level sets the next test

AT&S was trading at EUR 222.25 at Lang & Schwarz on October 7, 2026 at 10:02 a.m. CEST, down 3.05 percent versus the Lang & Schwarz prior close of EUR 229.25. The further course of trading is shown by the continuously updated real-time quote of AT&S stock.