Where Chip Charts Stand After Today's Slide, and What Their Latest Earnings Reports Said
NEW YORK, Nov. 5, 2026 /CNW/ -- Stock Preachers News Commentary - The PHLX Semiconductor Index (SOX) was down 8.92% at 9,352.46 as of 10:39 a.m. ET on Thursday, after closing at 10,268.65 on Wednesday, a sharp one-day move that left the index below both its 50-day and 200-day moving averages. Stepping back from the intraday screen, the same index stood 32.0% above its 2025 year-end close of 7,083.13, based on daily closing prices, and the five companies covered here have all reported their latest quarters within the past 10 days, with guidance for the current quarter on the table. Active Companies from around the markets with current developments this week include: KLA Corporation (NASDAQ: KLAC), Teradyne, Inc. (NASDAQ: TER), Entegris, Inc. (NASDAQ: ENTG), Qualcomm Incorporated (NASDAQ: QCOM), NXP Semiconductors N.V. (NASDAQ: NXPI).
Where the index sits on the chart
As of 10:39 a.m. ET, the SOX was trading below its 50-day simple moving average of 11,796.50 and its 200-day simple moving average of 10,819.59, both computed from daily closing prices through Wednesday.
The longer view adds perspective. The index's last close at or below this morning's level came on April 16, 2026, at 9,329.35, so the decline took the SOX back to levels it traded at in the spring rather than to new lows. Measured against a year ago, the index was up 30.1% from its Nov. 5, 2025 close of 7,190.27. It was also 36.1% below its highest close of the past year, 14,634.72 on June 22, 2026, a reminder that the group had already been working off its summer peak before today.
Sharp single sessions are not new for this index. Based on daily closing prices since the start of 1997, the SOX had closed down 9% or more in a single session 12 times through Wednesday, most recently on June 5, 2026, when it fell 10.26%. In that instance, the index closed back above its June 4 level on June 15 and posted its highest close of the past year one week later, on June 22. In April 2025, back-to-back declines of 9.88% and 7.60% on April 3 and April 4 were followed by a close above the April 2 level on May 2, 2025. Those are past episodes, and they do not indicate what the index will do next.
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Equipment, test and materials names give back part of their gains
Among equipment makers, KLA Corporation (NASDAQ: KLAC) was down 8.83% at $136.56 as of 10:39 a.m. ET, below its 50-day average of $176.82 and its 200-day average of $182.06, figures based on closing prices adjusted for the company's ten-for-one stock split effective June 11, 2026. The shares were 54.7% below their June 30, 2026 closing high of $301.71, yet still 12.4% above their 2025 year-end close of $121.51. KLA's last close at or below today's level was March 6, 2026.
On Oct. 28, KLA reported fiscal 2027 first-quarter revenue of $4.14 billion, above the midpoint of its guidance range of $4.0 billion +/- $200 million, and said total revenues for the December quarter are expected to be in a range of $4.7 billion +/- $200 million. "KLA's September quarter beat the midpoint of guidance across all key metrics, demonstrating the accelerated growth we expected for the second half of calendar 2026," said Rick Wallace, president and CEO of KLA Corporation.
In test, Teradyne, Inc. (NASDAQ: TER) was down 9.97% at $225.97, below its 50-day average of $357.69 and 200-day average of $350.03, and 53.3% below its June 30, 2026 closing high of $483.84. The shares remained 16.7% above their 2025 year-end close of $193.56 and 20.5% above their close of a year ago, and the last close at or below today's level was Jan. 20, 2026.
Teradyne reported third-quarter 2026 revenue of $1,306 million on Oct. 27, compared with $769 million in the third quarter of 2025, including what the company called record revenue in Memory and Integrated Systems Test, and guided fourth-quarter revenue of $1,250 million to $1,350 million. "Our wafer to data center strategy and the breadth of our portfolio sustained positive momentum in Q3," said CEO Greg Smith. "Demand extended across the AI value chain, from memory and hard disk drive test to high-speed interconnect and robotics, driving results above the high end of our guidance."
Materials supplier Entegris, Inc. (NASDAQ: ENTG) was down 6.37% at $133.77, below its 50-day average of $146.85 and its 200-day average of $138.73, and 27.3% below its June 22, 2026 closing high of $184.00. The shares were still 58.8% above their 2025 year-end close of $84.25, and they had closed at $128.31 as recently as Oct. 22.
Entegris reported third-quarter 2026 net sales of $1,006 million on Oct. 29, compared with $807.1 million in the year-earlier quarter, and guided fourth-quarter sales of $1,025 million to $1,055 million. The company also pointed to a Capital Markets Day on November 9, 2026. Dave Reeder, Entegris' President and Chief Executive Officer, said: "Entegris is executing well against an attractive long-term opportunity, driven by increasing semiconductor complexity, rising materials intensity, and investment in leading-edge technologies."
Two chipmakers, two different chart pictures
Shares of Qualcomm Incorporated (NASDAQ: QCOM) were down 11.37% at $153.50, below the 50-day average of $178.23 and the 200-day average of $169.65, and 10.3% below their 2025 year-end close of $171.05. The stock remained above its lowest close of the past year, $124.07 on April 7, 2026, and its last close at or below today's level was Aug. 3, 2026.
Qualcomm reported fiscal 2026 results on Nov. 4. Fiscal 2026 GAAP revenues were $43.1 billion, and fourth-quarter GAAP revenues of $10,322 million were 8% lower than a year earlier, while QCT automotive revenues rose 89% year over year to a record. The company guided first-quarter fiscal 2027 revenues of $10.4 billion to $11.2 billion and returned $11,671 million to stockholders through repurchases and dividends during fiscal 2026. "We are pleased to deliver fourth quarter non-GAAP revenues at the high end of our guidance, along with 36% year-over-year growth in combined QCT Automotive and IoT revenues," said Cristiano Amon, President and CEO of Qualcomm Incorporated.
On the chart, NXP Semiconductors N.V. (NASDAQ: NXPI) stood apart. At $253.63, down 4.29%, it was the only one of these five companies still trading above both its 50-day average of $235.22 and its 200-day average of $247.01. The shares were 16.8% above their 2025 year-end close of $217.06 and 23.8% below their May 26, 2026 closing high of $332.67.
NXP reported third-quarter revenue of $3.79 billion on Oct. 27, up 19 percent year-on-year, guided fourth-quarter revenue of $3,750 million to $3,950 million, and pointed to a newly announced $5 billion share repurchase authorization. Rafael Sotomayor, NXP President and Chief Executive Officer, said: "NXP delivered third-quarter revenue of $3.8 billion, up 19 percent year-on-year and 8 percent sequentially. Our performance was driven by accelerating contributions from our company-specific growth drivers in automotive and industrial as well as continued momentum in data center infrastructure."
Price and business on different clocks
The charts show a sector that moved sharply lower in a single morning and now sits below its key moving averages, while the year-to-date figures for the index and for four of these five stocks remain positive. The quarterly reports, all released within the past 10 days, describe revenue, guidance and capital returns in the companies' own words.
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This article is independent news commentary. Stock Preachers is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Market data in this article are as of 10:39 a.m. ET on Nov. 5, 2026, from publicly available price data; moving averages, year-end, one-year, closing-high and historical comparisons are computed from daily closing prices (split-adjusted for KLA Corporation), with the PHLX Semiconductor Index session count based on daily closes since the start of 1997. Company figures and quotes are from each company's most recent earnings release. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.
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