Equity Profile

ADI

Analog Devices, Inc.

Information TechnologySemiconductors$188.0B

Aug19Wed

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

Analog Devices, Inc. (ADI) is a leading semiconductor company that designs and manufactures analog, mixed-signal, and digital signal processing integrated circuits....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability that investors closely watch to gauge the company's financial health.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share in the semiconductor industry.

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 designs and manufactures analog, mixed-signal, and digital signal processing integrated circuits. Its products are crucial for various applications, including automotive, industrial, and consumer electronics, making it a key player in the growing demand for advanced technology solutions.

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 expectations by 6.81%. However, the stock fell 3.92% the following day, indicating mixed market reactions despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for ADI's upcoming earnings are uncertain due to the lack of analyst estimates and management guidance. Investors are keen to see if the company can maintain its strong EPS performance.

Bull Case

If ADI continues its trend of beating EPS estimates, it could signal robust demand for its products and lead to a positive market reaction.

Bear Case

On the other hand, if revenue growth does not meet expectations or if margins decline, it could raise concerns about the company's future profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q3-2026?

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

How is revenue growth trending in key markets?

Understanding revenue growth in sectors like automotive and industrial will help gauge the company's future prospects and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating ADI's ability to maintain its EPS growth despite potential revenue challenges, as historical trends show consistent earnings beats.

Supporting Evidence

ADI has a 100% EPS beat rate over the last eight quarters, indicating strong operational performance.

The options market is pricing a significant move, suggesting that traders expect volatility that could favor a positive outcome.

Recent insider selling may not reflect a lack of confidence but rather personal financial decisions unrelated to company performance.

Key Risk

If revenue growth comes in below expectations, it could undermine the bullish sentiment surrounding ADI's earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on ADI's ability to sustain its earnings momentum amidst competitive pressures in the semiconductor industry.

Bull Confirmed If

An EPS of $3.20 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $2.90 would raise concerns about declining profitability and market share.

Pre-Earnings Positioning

Options Market

Implied Move

±20.26%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.3%, with a raw directional average of -0.4% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ADI beats expectations, history suggests a stock increase of around 1.89%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a decline, with historical patterns suggesting an average drop of around 4.53%.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$2,002.00–$30,000.00

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 revenue growth in the automotive sector.
2Insights into supply chain challenges and their impact on production.
3Management's outlook on demand trends in the semiconductor market.
4Details on cost management strategies and their effect on margins.
5Any commentary on competitive pressures and market share.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Analog Devices, Inc. (ADI) is a leading semiconductor company that designs and manufactures analog, mixed-signal, and digital signal processing integrated circuits....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability that investors closely watch to gauge the company's financial health.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share in the semiconductor industry.

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 expectations by 6.81%. However, the stock fell 3.92% the following day, indicating mixed market reactions despite the earnings beat.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If ADI continues its trend of beating EPS estimates, it could signal robust demand for its products and lead to a positive market reaction.

Bear Case

On the other hand, if revenue growth does not meet expectations or if margins decline, it could raise concerns about the company's future profitability.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q3-2026?

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

How is revenue growth trending in key markets?

Understanding revenue growth in sectors like automotive and industrial will help gauge the company's future prospects and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating ADI's ability to maintain its EPS growth despite potential revenue challenges, as historical trends show consistent earnings beats.

Supporting Evidence

ADI has a 100% EPS beat rate over the last eight quarters, indicating strong operational performance.

The options market is pricing a significant move, suggesting that traders expect volatility that could favor a positive outcome.

Recent insider selling may not reflect a lack of confidence but rather personal financial decisions unrelated to company performance.

Key Risk

If revenue growth comes in below expectations, it could undermine the bullish sentiment surrounding ADI's earnings potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on ADI's ability to sustain its earnings momentum amidst competitive pressures in the semiconductor industry.

Bull Confirmed If

An EPS of $3.20 or higher would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $2.90 would raise concerns about declining profitability and market share.

Pre-Earnings Positioning

Options Market

Implied Move

±20.26%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

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

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Semiconductors

n=30

Fade rate: 4 of 9 (44%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If ADI beats expectations, history suggests a stock increase of around 1.89%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.

Miss

A miss could lead to a decline, with historical patterns suggesting an average drop of around 4.53%.

Preparation

Congressional Activity

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

Trades

0 buys·2 sells

Members

House + Senate

Est. Notional

$2,002.00–$30,000.00

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 revenue growth in the automotive sector.
2Insights into supply chain challenges and their impact on production.
3Management's outlook on demand trends in the semiconductor market.
4Details on cost management strategies and their effect on margins.
5Any commentary on competitive pressures and market share.