Applied Materials stock plunges 29% in a month ahead of key Nov 12 earnings report.

Applied Materials' stock dropped 29% over the past month amid concerns about AI spending and a weak forecast from Intel, a major chipmaker. Despite the selloff, the stock remains up 49% year to date. The company’s upcoming Q4 FY2026 earnings report on November 12 is seen as a critical test for its recovery, with investors watching for guidance on revenue, margins, and demand from China. Applied Materials aims to improve margins and grow its services business by 2030, but risks include potential export restrictions and margin pressures. The earnings report will reveal if the recent selloff was an overreaction or if challenges remain significant.

Applied Materials holds a market cap of $297.23 billion and a dividend yield of 0.57% as of November 4, 2026, 03:21 WIB. Despite the recent 29% drop mentioned in the article, on Pluang the stock price is currently $380.31 with a 1-day gain of 1.54%. The typical hold time of 68 days and a buy order activity of 62% indicate ongoing investor interest ahead of the November 12 earnings report.