Analog Devices, Inc. (ADI) earnings on August 19, 2026

Before the market opens Q2 2026

More Analog Devices, Inc. earnings

Prior outlook: No statistical edge

Analog Devices shares initially rose but then fell, closing down 0.89% after earnings. The market's reaction was negative despite expectations for stronger results.

ADI price around the earnings

373.26

Change: -0.9%

2026-08-19, 20:00 UTC

Start of the measured window End of the measured window
370.28 376.56 382.84 389.12 376.63
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 19, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Neutral outlook, trend declining

Analysts see a neutral outlook: strong analyst support and a strong recent earnings history, but the recent price trend has declined sharply and the crowd is extremely optimistic, which could be a caution flag.

Context analyzed before publication

Summary
Neutral outlook, trend declining
Playbook
The stock has strong analyst backing and a strong recent earnings record, but recent price trend strength is negative and the crowd is extremely optimistic.
Trend
Outlook declined sharply into event

Analysts

Drivers

  • Analysts Positive

    Strong buy conviction with mean target $458, 30 opinions.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.55
Analysts covering the stock
30
Average price target
457.73
Lowest price target
365
Highest price target
550
Upside to price target
21.5%
Quarterly earnings growth
106.5%
Revenue growth
37.2%
Forward EPS
15.06
Trailing EPS
6.7
Analyst moves in the last 60 days
5
  • August 17, 2026 · Cantor Fitzgerald: Reiterates rating (Overweight → Overweight)
  • July 14, 2026 · Keybanc: Maintains rating (Overweight → Overweight)
  • July 13, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • June 29, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
  • June 24, 2026 · Stifel: Maintains rating (Buy → Buy)

News and sentiment

Drivers

  • News & sentiment Negative

    No major news catalyst; retail at extreme 100% constructive crowding.

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (7)

Technicals

Drivers

  • Technical Negative

    14-day trend strength -0.93%, RS vs QQQ -2.85%, underperforming benchmark.

Evidence

Price when the context was analyzed
376.64
Average true range (ATR)
3.2%
Distance to 52-week high
-15.5%
14-day change (14d)
-0.9%
30-day change (32d)
+0.4%
30-day relative strength
-2.9%
QQQ change (32d)
+3.2%
Nearest support
376.19
Distance to nearest support
0.1%
Nearest resistance
378.14
Distance to nearest resistance
0.4%
Volume accumulation ratio (14d / 46d)
0.83
  • Mid: 376.19 (0.1% away, 0.04 ATR, 22 touches)
  • Mid: 373.26 (0.9% away, 0.28 ATR, 19 touches)
  • Mid: 370.21 (1.7% away, 0.53 ATR, 8 touches)
  • Minor: 378.14 (0.4% away, 0.12 ATR, 4 touches)
  • Mid: 380.93 (1.1% away, 0.35 ATR, 19 touches)
  • Major: 383.65 (1.9% away, 0.58 ATR, 39 touches)

Trends

Evidence

Average earnings surprise
+4.8%
  • May 20, 2026: actual EPS 3.09 vs estimate 2.91 (surprise +6.2%)
  • February 18, 2026: actual EPS 2.46 vs estimate 2.31 (surprise +6.5%)
  • November 25, 2025: actual EPS 2.26 vs estimate 2.23 (surprise +1.1%)
  • August 20, 2025: actual EPS 2.05 vs estimate 1.95 (surprise +5.3%)

Expected move

Drivers

  • Past earnings Positive

    100% beat rate with +4.8% avg surprise across last 4 quarters.

Implied move
+5.5%
Source
Options chain

Reactions over its last 20 earnings

Median move
4%
75th percentile move
5.8%
90th percentile move
8%
Up / down moves
11 / 9
Average up move
+5.1%
Average down move
-3.3%

Monitoring and close

What Analog Devices, Inc. reported

Status
Finished
Actual EPS3.45
EPS estimate3.33
EPS surprise+3.6%
Revenue$4,022 million
Revenue estimate$3,920 million
Revenue surprise+2.6%

Analog Devices beat Q3 expectations with record $4.02B revenue, driven by AI. Optimistic Q4 guidance reflects robust chip demand.

Sources (22)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +2.0% pre-market, a move below the stock's usual reaction (about 4%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated
-0.9%
Max move
+3.4%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.