Bernstein keeps USD 700.00 target for Applied Materials stock

Published on 10/27/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q3 2026 revenue reached USD 9.12 billion. Applied Materials stock costs EUR 357.10 on October 27, 2026, up 2.50 percent versus the Xetra close.

Bernstein target and earnings date

Bernstein maintained a USD 700.00 target and Buy rating on October 26, 2026.
Fiscal third-quarter revenue reached USD 9.12 billion, up 25.00 percent year over year.
Applied Materials stock costs EUR 357.10 at Lang & Schwarz on October 27, 2026 at 5:04 p.m. CEST, 2.50 percent above the Xetra close of October 26, 2026, and 51.62 percent below the 52-week high.
Applied Materials will report fiscal fourth-quarter and fiscal-year 2026 results on November 12, 2026.

Applied Materials, US0382221051, Illustration mit AI erstellt.

Bernstein maintained a Buy rating and a USD 700.00 price target for Applied Materials on October 26, 2026, according to Markets Insider. On Nasdaq, the stock was trading at USD 398.99 on October 27, 2026 at 12:08 p.m. ET, while its euro quotation stood at EUR 357.10 at Lang & Schwarz on October 27, 2026 at 5:04 p.m. CEST, up 2.50 percent versus the Xetra close of October 26, 2026.

Fiscal Q3 revenue reached USD 9.12 billion

Applied Materials reported fiscal third-quarter revenue of USD 9.12 billion for the period ended July 26, 2026, up from USD 7.30 billion a year earlier. The figures were reported by Yahoo Finance, which also cited non-GAAP earnings per share of USD 3.50, up 41.00 percent year over year, and GAAP earnings per share of USD 3.17.

Applied Global Services revenue rose to USD 1.78 billion from USD 1.46 billion in fiscal third-quarter 2026, according to the same report. That increase of USD 320.00 million gives investors a measurable counterweight to the more cyclical equipment business.

Stock sits 46.06 percent below its high

The Nasdaq quotation was USD 398.99 on October 27, 2026, compared with a 52-week high of USD 739.67 and a low of USD 203.40. The stock therefore stood 46.06 percent below its high and 96.26 percent above its low. Trading volume was 2,081,281 shares at 12:08 p.m. ET.

Valuation and November 12 results

Applied Materials carried a price-to-earnings ratio of 34.38 on October 27, 2026. Its next scheduled reporting date is November 12, 2026, when the company will release fiscal fourth-quarter and fiscal-year 2026 results and hold its earnings call, Morningstar reported on October 22, 2026.

Comparison with peers

Applied Materials: 2.94 percent, P/E 34.38, market capitalization USD 316.6 billion.

Lam Research (Nasdaq, USD): 1.51 percent, P/E 35.93, market capitalization USD 301.7 billion.

KLA Corporation (Nasdaq, USD): 2.98 percent, P/E 41.84, market capitalization USD 200.5 billion.

Target gap remains wide

Bernstein's USD 700.00 target lies 75.44 percent above the Nasdaq price of USD 398.99 on October 27, 2026. The comparison highlights how much future growth is already embedded in the analyst case while the stock remains well below its yearly high.

Applied Materials was trading at EUR 357.10 at Lang & Schwarz on October 27, 2026 at 5:04 p.m. CEST, 2.50 percent above the Xetra close of October 26, 2026 at EUR 348.40. The further course of trading is shown by the continuously updated real-time quote of Applied Materials stock.