Equity Profile

ADI

Analog Devices, Inc.

Information TechnologySemiconductors$201.6B

Aug19Wed

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Analog Devices, Inc. (ADI) is a leading semiconductor company that specializes in analog, mixed-signal, and digital signal processing technologies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of a company's profitability and is closely watched by investors.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and is a key driver of stock performance.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ADI Q3-2026 Earnings Preview

Context

Company Snapshot

Analog Devices, Inc. (ADI) is a leading semiconductor company that specializes in analog, mixed-signal, and digital signal processing technologies. As a key player in the information technology sector, ADI's products are crucial for various applications, including automotive, industrial, and consumer electronics, making it a significant contributor to the ongoing advancements in technology.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+6.49%

Avg Stock Reaction

+1.89%

Last Quarter Recap

In Q2-2026, ADI reported an EPS of $3.09, exceeding estimates by 6.81%. However, the stock fell 3.92% the following day, indicating mixed investor sentiment despite the earnings beat.

Management Promises & Guidance

Focus on expanding product lines in high-growth markets.
Commitment to improving operational efficiencies.
Plans to enhance customer engagement and support.

Expectations

Wall Street Expectations

Overall expectations for ADI's upcoming earnings are mixed, with investors looking for continued strong performance but cautious about potential market challenges.

Bull Case

The optimistic view hinges on ADI continuing its trend of beating EPS estimates, potentially driven by strong demand in key sectors like automotive and industrial applications.

Bear Case

The pessimistic view suggests that any signs of slowing revenue growth or margin compression could lead to a significant sell-off, especially given the recent insider selling.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q3-2026, and how does it compare to previous quarters?

Given ADI's track record of beating EPS estimates, this figure will be crucial for investor confidence and stock performance.

How is ADI managing its gross margins in the current economic environment?

Margins are critical for understanding profitability, especially in a competitive semiconductor market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of ADI's new product launches in high-demand sectors, which could drive stronger-than-expected revenue growth.

Supporting Evidence

Recent insider selling may not reflect company performance but rather personal financial decisions.

Options pricing suggests a significant move, indicating that the market is bracing for surprises.

Historical performance shows that ADI has consistently beaten EPS estimates, suggesting potential for another positive surprise.

Key Risk

If gross margins come in below 65%, it could undermine the entire bullish narrative around ADI's operational efficiency.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will heavily depend on how ADI navigates market pressures and maintains profitability.

Bull Confirmed If

An EPS of $3.20 or higher, with gross margins exceeding 70%, would confirm the bull case.

Bear Confirmed If

An EPS below $2.90 or a gross margin drop below 65% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±20.3%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±20.3% while ADI has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

41.1%

Calls (142K)P/C Ratio: 0.96Puts (87K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$4.2M

13,125 sh

2 insiders

Net

$4.2M

Net selling

Most Active Insiders· 6 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ADI beats expectations and raises guidance, history suggests the stock could rise by around 1.89% on the following day.

In-Line / Cautious

Should the results come in line with expectations, the stock may experience muted movement as investors await further commentary.

Miss

If ADI misses expectations, the stock could decline, with historical patterns suggesting a drop of around 4.53%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·3 sells

Members

House + Senate

Est. Notional

$3,003.00–$45,000.00

disclosed dollar ranges

Most Active Members

R-GARichard Dean Dr McCormickRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on revenue.
2Insights into supply chain management and cost control measures.
3Details on customer demand trends in key sectors like automotive and industrial.
4Management's outlook on market conditions and potential challenges ahead.
5Any commentary on competitive pressures and how ADI plans to address them.

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Company Snapshot

Analog Devices, Inc. (ADI) is a leading semiconductor company that specializes in analog, mixed-signal, and digital signal processing technologies....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of a company's profitability and is closely watched by investors.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market presence and is a key driver of stock performance.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ADI Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+6.49%

Avg Stock Reaction

+1.89%

Last Quarter Recap

In Q2-2026, ADI reported an EPS of $3.09, exceeding estimates by 6.81%. However, the stock fell 3.92% the following day, indicating mixed investor sentiment despite the earnings beat.

Management Promises & Guidance

Focus on expanding product lines in high-growth markets.
Commitment to improving operational efficiencies.
Plans to enhance customer engagement and support.

Expectations

Wall Street Expectations

Overall expectations for ADI's upcoming earnings are mixed, with investors looking for continued strong performance but cautious about potential market challenges.

Bull Case

The optimistic view hinges on ADI continuing its trend of beating EPS estimates, potentially driven by strong demand in key sectors like automotive and industrial applications.

Bear Case

The pessimistic view suggests that any signs of slowing revenue growth or margin compression could lead to a significant sell-off, especially given the recent insider selling.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q3-2026, and how does it compare to previous quarters?

Given ADI's track record of beating EPS estimates, this figure will be crucial for investor confidence and stock performance.

How is ADI managing its gross margins in the current economic environment?

Margins are critical for understanding profitability, especially in a competitive semiconductor market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of ADI's new product launches in high-demand sectors, which could drive stronger-than-expected revenue growth.

Supporting Evidence

Recent insider selling may not reflect company performance but rather personal financial decisions.

Options pricing suggests a significant move, indicating that the market is bracing for surprises.

Historical performance shows that ADI has consistently beaten EPS estimates, suggesting potential for another positive surprise.

Key Risk

If gross margins come in below 65%, it could undermine the entire bullish narrative around ADI's operational efficiency.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will heavily depend on how ADI navigates market pressures and maintains profitability.

Bull Confirmed If

An EPS of $3.20 or higher, with gross margins exceeding 70%, would confirm the bull case.

Bear Confirmed If

An EPS below $2.90 or a gross margin drop below 65% would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±20.3%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, indicating heightened uncertainty or anticipation around the earnings report.

Options are pricing ±20.3% while ADI has averaged ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

41.1%

Calls (142K)P/C Ratio: 0.96Puts (87K)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$4.2M

13,125 sh

2 insiders

Net

$4.2M

Net selling

Most Active Insiders· 6 open-market trades

Insider

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ADI beats expectations and raises guidance, history suggests the stock could rise by around 1.89% on the following day.

In-Line / Cautious

Should the results come in line with expectations, the stock may experience muted movement as investors await further commentary.

Miss

If ADI misses expectations, the stock could decline, with historical patterns suggesting a drop of around 4.53%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·3 sells

Members

House + Senate

Est. Notional

$3,003.00–$45,000.00

disclosed dollar ranges

Most Active Members

R-GARichard Dean Dr McCormickRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches and their expected impact on revenue.
2Insights into supply chain management and cost control measures.
3Details on customer demand trends in key sectors like automotive and industrial.
4Management's outlook on market conditions and potential challenges ahead.
5Any commentary on competitive pressures and how ADI plans to address them.