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Applied Materials stock falls 5.1% after record-breaking Q3 results

Applied Materials stock falls 5.1% after record-breaking Q3 results
Applied Materials stock falls 5.1% today

Applied Materials posted record revenue growth in its third quarter, marking the highest sequential increase in the company’s history. The stock is down 5.1% on the day at $507.01.

AMAT price prediction
24H -0.89%
$418.6
48H -0.61%
$419.8
7D -0.3%
$421.13
1M -21%
$333.66
3M -7.55%
$390.47
6M 35.06%
$570.47
12M 60.35%
$677.28
Detailed
Current price: $422.38 6.87 1.65%
Real-time Data 14:35
Daily range 410.20 Arrow from to Icon 426.39
Weekly range 374.00 Arrow from to Icon 421.75
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Highlights

  • Applied Materials reported third quarter revenue of $9.12 billion, achieving 25% year-over-year growth and setting a company record for sequential gains.
  • Management projects fourth quarter revenue near $10.25 billion, citing sustained AI-related demand through the end of the decade.
  • 128 of 157 analysts rate Applied Materials stock a buy, with a median price target of $650 about 28.2% above the current $507.01.

Applied Materials reported a record-breaking third quarter for fiscal 2026, delivering the highest sequential revenue growth in its history. The company posted revenue of $9.12 billion for Q3, a 25% year-over-year gain, and projected fourth quarter revenue of roughly $10.25 billion according to 24/7 Wall St.. Management highlighted increased AI-driven demand for the company's products, supporting growth momentum through the end of the decade, according to Stock Titan.

Limited upside potential as price struggles below key averages

Applied Materials stock opened the session with a gap down from the previous close of $534.54 to $501.01. Price action is currently battling a split structure, holding below the MA-20 and MA-50 but remaining above the MA-200. With Stoch RSI in overbought territory, there is limited room for further upside. The nearest resistance is the prior weekly low at $521.57.

Odds slightly favor upside as traders eye $521.57 level

Traders should watch for a close above $521.57 to indicate buyers are willing to follow through. Shares began the session with a sharp gap down, dropping from $534.54 to $501.01 before partially recovering. The past week has seen a sharp move lower without a sustained trend, but from here, the probability of upside over the coming trading week is 52%, with a 48% chance for downside and an expected range of $488.14 to $525.87. A drop below $387.29 would indicate the move is being faded. On the weekly chart, the longer-term picture remains firmly constructive.

Earlier, analysts noted that Applied Materials was experiencing near-term technical weakness despite record quarterly results, with risks skewed to the downside. Current price action confirms this mixed backdrop, with traders advised to focus on the $521.57 resistance level as a potential inflection point for renewed momentum.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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