Equity Profile

ADI

Analog Devices, Inc.

Information TechnologySemiconductors$185.7B

Aug19Wed

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

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

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

$3.33

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$3.9B

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 company in the semiconductor sector, specializing in analog, mixed-signal, and digital signal processing technologies. As demand for advanced electronics continues to grow, especially in areas like AI and the Internet of Things, ADI plays a crucial role in providing the necessary components for these innovations.

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 price fell by nearly 4% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Continued focus on expanding product offerings in high-growth markets.
Commitment to maintaining strong margins amid competitive pressures.
Investments in R&D to drive innovation and meet customer demands.

Expectations

Wall Street Expectations

Analysts expect ADI to report solid earnings this quarter, with a consensus EPS of $3.33. The market is closely watching how the company navigates supply chain challenges and pricing pressures.

Bull Case

If ADI can exceed EPS expectations and demonstrate strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company reports lower-than-expected revenue or provides cautious guidance, it may raise concerns about future growth, leading to a negative market response.

Key Metrics to Watch

EPS

$3.33

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$3.9B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ADI's revenue meet or exceed the $3.9B consensus estimate?

Revenue performance is critical for assessing demand and growth potential, especially in the current economic climate.

What guidance will management provide for future quarters?

Forward-looking guidance will help investors understand the company's outlook and potential challenges ahead.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate ADI's ability to capture market share in high-growth sectors such as AI and automotive, which could lead to stronger-than-expected revenue.

Supporting Evidence

The company's recent investments in R&D could yield new products that drive sales beyond current expectations.

Options pricing suggests a significant move, indicating that the market is bracing for potential surprises, either positive or negative.

Key Risk

If revenue comes in below $3.9B, it could challenge the optimistic growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect how well ADI is managing current market conditions and supply chain issues.

Bull Confirmed If

Exceeding $3.9B in revenue while maintaining strong margins would confirm the bull case.

Bear Confirmed If

Falling short of the $3.9B revenue target could signal weakening demand and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±20.26%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant potential move in ADI's stock following the earnings report, suggesting heightened investor uncertainty.

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 and raises guidance, history suggests a positive market reaction, potentially around a +1.89% move.

In-Line / Cautious

If results are in line but management is cautious, the stock may experience muted movement as investors digest the commentary.

Miss

A miss on earnings could lead to a negative reaction, with history suggesting a potential decline around the average of -3.92%.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

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 supply chain management and its impact on production.
2Insights into demand trends for key product segments, especially in AI and automotive.
3Management's commentary on pricing strategies and margin expectations.
4Details on new product launches or innovations in the pipeline.
5Guidance on revenue expectations for the next quarter and beyond.

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 company in the semiconductor sector, specializing in analog, mixed-signal, and digital signal processing technologies....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

$3.33

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$3.9B

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 price fell by nearly 4% the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Continued focus on expanding product offerings in high-growth markets.
Commitment to maintaining strong margins amid competitive pressures.
Investments in R&D to drive innovation and meet customer demands.

Expectations

Wall Street Expectations

Analysts expect ADI to report solid earnings this quarter, with a consensus EPS of $3.33. The market is closely watching how the company navigates supply chain challenges and pricing pressures.

Bull Case

If ADI can exceed EPS expectations and demonstrate strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

Conversely, if the company reports lower-than-expected revenue or provides cautious guidance, it may raise concerns about future growth, leading to a negative market response.

Key Metrics to Watch

EPS

$3.33

Earnings per share is a key indicator of profitability and helps investors gauge the company's financial health.

Revenue

$3.9B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will ADI's revenue meet or exceed the $3.9B consensus estimate?

Revenue performance is critical for assessing demand and growth potential, especially in the current economic climate.

What guidance will management provide for future quarters?

Forward-looking guidance will help investors understand the company's outlook and potential challenges ahead.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate ADI's ability to capture market share in high-growth sectors such as AI and automotive, which could lead to stronger-than-expected revenue.

Supporting Evidence

The company's recent investments in R&D could yield new products that drive sales beyond current expectations.

Options pricing suggests a significant move, indicating that the market is bracing for potential surprises, either positive or negative.

Key Risk

If revenue comes in below $3.9B, it could challenge the optimistic growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect how well ADI is managing current market conditions and supply chain issues.

Bull Confirmed If

Exceeding $3.9B in revenue while maintaining strong margins would confirm the bull case.

Bear Confirmed If

Falling short of the $3.9B revenue target could signal weakening demand and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±20.26%

Historical Avg

±4.5%

Pricing rich

The options market is pricing in a significant potential move in ADI's stock following the earnings report, suggesting heightened investor uncertainty.

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 and raises guidance, history suggests a positive market reaction, potentially around a +1.89% move.

In-Line / Cautious

If results are in line but management is cautious, the stock may experience muted movement as investors digest the commentary.

Miss

A miss on earnings could lead to a negative reaction, with history suggesting a potential decline around the average of -3.92%.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

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 supply chain management and its impact on production.
2Insights into demand trends for key product segments, especially in AI and automotive.
3Management's commentary on pricing strategies and margin expectations.
4Details on new product launches or innovations in the pipeline.
5Guidance on revenue expectations for the next quarter and beyond.