Post-earnings recap
Reported
Wed, May 20, 2026
EPS actual
$3.09
EPS est.
$2.89
EPS surprise
+6.81%
1-day move
-3.92%
Analog Devices reported better-than-expected earnings per share, but did not provide revenue figures or future guidance. The stock reacted negatively, declining by 3.9%, likely due to uncertainty surrounding revenue performance and lack of guidance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $3.09 | $2.90 | +6.81% |
| Revenue | — | $3.5B | — |
No transcript is on record, and the analysis is based on numerical results only.
Analog Devices, Inc. (ADI) is a leading semiconductor company that designs and manufactures analog, mixed-signal, and digital signal processing integrated circuits. Operating in the Information Technology sector, ADI plays a crucial role in powering various applications, including industrial automation, automotive systems, and communications, making it a key player in the ongoing technological advancements.
Last quarter
In Q1-2026, ADI reported an EPS of $2.46, surpassing expectations by 6.45%. The stock reacted positively, rising 2.63% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+6.27%
Avg 1-day reaction
+1.55%
Analysts expect ADI to deliver solid earnings driven by strong demand in key markets. The consensus EPS of $2.90 reflects optimism about the company's growth trajectory.
Bull case
If ADI exceeds EPS expectations and shows strong revenue growth, it could indicate robust demand and market share gains, leading to a positive stock reaction.
Bear case
Conversely, if the company misses EPS targets or provides weak guidance, it may raise concerns about demand and competitive pressures, resulting in a negative market response.
Key metrics to watch
EPS
$2.90Earnings per share is a critical indicator of profitability and helps investors gauge the company's financial health.
Revenue
$3.5BRevenue figures provide insight into the company's sales performance and overall market demand for its products.
The print will turn on these.
Q1
Will ADI's EPS exceed $2.90, and what factors contributed to this performance?
The EPS figure is crucial for assessing profitability and will heavily influence investor sentiment.
Q2
What is the outlook for revenue growth, particularly in the industrial and automotive sectors?
Understanding revenue drivers will provide insights into market demand and the company's competitive position.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±8.9%
Why consensus could be wrong
The consensus may underestimate ADI's growth potential in the automotive sector, where demand for advanced driver-assistance systems is surging.
Supporting evidence
Recent industry reports indicate a stronger-than-expected recovery in automotive sales, which could benefit ADI.
Options pricing suggests a larger move than historical averages, indicating heightened investor uncertainty.
Insider selling could reflect a strategic shift rather than a lack of confidence in the company's future.
Key risk
If automotive revenue growth exceeds expectations, it could significantly alter the market's perception of ADI's growth trajectory.
Pre-commit to what would confirm each case.
This quarter's performance is critical as it reflects ADI's ability to navigate market challenges and capitalize on growth opportunities.
Bull confirmed if
An EPS of $2.95 or higher, coupled with strong revenue growth, would confirm the bullish outlook.
Bear confirmed if
An EPS below $2.85, along with weak revenue guidance, would support the bearish case.
What the market is pricing for the move.
Implied Move
±6.85%
Historical Avg
±4.4%
The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings announcement.
Options are pricing ±6.8% while ADI has averaged ±4.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.8%
30d HV
35.4%
Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.
Bought
$0.00
0 sh
0 insiders
Sold
$5.9M
14,700 sh
4 insiders
Net
$5.9M
Net selling
Most Active Insiders· 4 open-market trades
$4.0M
Net selling
Likely market behavior by outcome. Not investment advice.
Beat & raise
If ADI beats expectations, history suggests a potential stock increase of around 3.74%, confirming strong demand and operational efficiency.
In line / cautious
A cautious in-line result may lead to muted stock movement as investors digest management's commentary on future growth.
Miss
If ADI misses expectations, the stock could see a decline, with historical patterns indicating a possible drop based on past performance.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
6
1 buy·5 sells
Members
4
House + Senate
Est. Notional
$6,006.00–$90,000.00
disclosed dollar ranges
Most Active Members
2 trades
The lines on the call that would change the story.
$833,962.00
Net selling
$631,620.00
Net selling
$498,028.80
Net selling
Recent Transactions
Oct 1, 2026 · @ $396.94
10,000 sh
$4.0M
Oct 2, 2026 · @ $416.98
2,000 sh
$833,962.00
Oct 6, 2026 · @ $421.08
1,500 sh
$631,620.00
Oct 2, 2026 · @ $415.02
1,200 sh
$498,028.80
Open-market trades only (Form 4 codes P/S). Awards, exercises, and tax-withholding excluded as routine compensation noise.
Net selling
2 trades
Net selling
1 trade
Net selling
1 trade
Net buying
Recent Transactions
Traded Sep 4, 2026 · disclosed Oct 1, 2026
$1,001.00–$15,000.00
Traded Jul 30, 2026 · disclosed Aug 14, 2026
$1,001.00–$15,000.00
Traded Jun 30, 2026 · disclosed Jul 15, 2026
$1,001.00–$15,000.00
Traded Jun 12, 2026 · disclosed Jul 9, 2026
$1,001.00–$15,000.00
Traded May 19, 2026 · disclosed Jun 3, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.