Equity Profile

ADI

Analog Devices, Inc.

Information TechnologySemiconductors$188.0B

May20Wed

Post-Earnings Recap

ReportedQ2-2026Pre-Market7:01 AM EDT

Analog Devices Beats on EPS, Stock Down 3.9%

Metric	Actual	Expected	Surprise
EPS	$3.09	$2.90	+6.81%
Revenue	—	$3.5B	—

management commentary, guidance changes, and full analysis available with Pro.

Analog Devices Beats on EPS, Stock Down 3.9%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$3.09	$2.90	+6.81%
Revenue	—	$3.5B	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

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.

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

EPS

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

$2.90

Revenue

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

$3.5B

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

Original Pre-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. 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.

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 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 & Guidance

Continued focus on expanding product offerings in industrial and automotive sectors.
Commitment to maintaining strong gross margins.
Plans to enhance supply chain resilience.

Expectations

Wall Street Expectations

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

$2.90

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

Revenue

$3.5B

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

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

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.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±6.85%

Historical Avg

±4.5%

Pricing rich

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 ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

35.4%

Calls (885K)P/C Ratio: 0.86Puts (1.5M)

Preparation

Post-Print Playbook

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.

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

1Updates on demand trends in the automotive and industrial sectors.
2Details on supply chain improvements and their impact on production capacity.
3Any changes in pricing strategy for key products.
4Insights into competitive dynamics and market share developments.
5Management's commentary on future growth initiatives and investment plans.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Baidu, Inc.

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

EPS

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

$2.90

Revenue

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

$3.5B

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

Original Pre-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 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 & Guidance

Continued focus on expanding product offerings in industrial and automotive sectors.
Commitment to maintaining strong gross margins.
Plans to enhance supply chain resilience.

Expectations

Wall Street Expectations

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

$2.90

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

Revenue

$3.5B

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

Expectations

Two Questions That Matter

The print will turn on these two things.

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.

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.

Edge

What the Street Is Missing

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.

Edge

Thesis-Break Levels

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.

Pre-Earnings Positioning

Options Market

Implied Move

±6.85%

Historical Avg

±4.5%

Pricing rich

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 ±4.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

35.4%

Calls (885K)P/C Ratio: 0.86Puts (1.5M)

Preparation

Post-Print Playbook

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.

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

1Updates on demand trends in the automotive and industrial sectors.
2Details on supply chain improvements and their impact on production capacity.
3Any changes in pricing strategy for key products.
4Insights into competitive dynamics and market share developments.
5Management's commentary on future growth initiatives and investment plans.