Pre-earnings brief
Reports
Tue, Nov 24, 2026
Est. EPS
—
Est. revenue
—
Implied move
±5.6%
EPS beat rate
100%
—
Est. EPS
—
Est. Rev
—
Impl. Move
±14.2%
Analog Devices, Inc. (ADI) is a leading company in the semiconductor industry, specializing in analog, mixed-signal, and digital signal processing technologies. As part of the Information Technology sector, ADI plays a crucial role in powering various applications, including artificial intelligence, automotive, and industrial automation.
Last quarter
In Q3-2026, ADI reported an EPS of $3.45, surpassing estimates by 3.57%. However, the stock experienced a slight decline of 0.89% 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%
Overall, investors are cautiously optimistic about ADI's upcoming earnings, especially given its consistent track record of beating EPS estimates.
Bull case
If ADI continues its trend of exceeding EPS expectations, it could lead to a positive market reaction and further stock appreciation.
Bear case
Concerns about supply chain issues and market competition could lead to disappointing results, which may negatively impact the stock.
Key metrics to watch
Earnings Per Share (EPS)
Expected to be around $3.45.EPS is a key indicator of a company's profitability and is closely watched by investors.
Revenue Growth
Not available.Revenue growth reflects the company's ability to expand its business and capture market share.
Gross Margin
The print will turn on these.
Q1
What will the EPS be for Q4-2026?
Given ADI's history of beating EPS estimates, this number will be critical in determining market sentiment.
Q2
How is ADI addressing supply chain challenges?
Supply chain issues have affected many companies in the semiconductor industry, and how ADI navigates these challenges will be closely monitored.
Why consensus could be wrong
The Street may be underestimating ADI's ability to navigate supply chain challenges, which could lead to better-than-expected EPS results.
Supporting evidence
ADI has consistently beaten EPS estimates in the past, indicating strong operational management.
The options market is pricing a significant move, suggesting that investors expect volatility, which could indicate uncertainty in consensus forecasts.
Key risk
If ADI's EPS exceeds $3.50, it could challenge current market expectations and shift sentiment positively.
Pre-commit to what would confirm each case.
This quarter's performance will hinge on ADI's ability to maintain profitability amid ongoing industry challenges.
Bull confirmed if
An EPS of $3.50 or higher would confirm strong demand and operational efficiency.
Bear confirmed if
An EPS below $3.30 could indicate potential struggles in the current market environment.
What the market is pricing for the move.
Implied Move
±5.59%
Historical Avg
±4.4%
The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±5.6% while ADI has averaged ±4.4% over the last 8 prints — setup is pricing rich.
ATM IV
0.4%
30d HV
31.6%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Semiconductors
Fade rate: 13 of 29 (45%)
This setup has occurred 30 times across Information Technology in the last 2 years. 13 of 29 faded and 16 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.9%, with a raw directional average of -2.4% (modestly negative historical bias).
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 positive market reaction, with an average 1-day move of +1.55%, confirming strong operational performance.
In line / cautious
If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.
Miss
A miss on earnings could lead to a decline, with historical patterns indicating an average 1-day move of -2.39%.
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.
Gross margin indicates how efficiently a company is producing its products and managing costs.
$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.